Laboratory Economics Issues Research Report on U.S. Clinical Laboratory Market

Laboratory Economics Issues Research Report on U.S. Clinical Laboratory Market

U.S. Clinical Laborartory Industry Forecasts & Trends (2020-2022)

Laboratory Economics Issues Research Report on U.S. Clinical Laboratory Market

The publisher of Laboratory Economics has just released The U.S. Clinical Laboratory Market: Forecast & Trends 2020-2022. With this special report, you can tap into 100+ pages of proprietary market research that reveals critical data and information about key business trends affecting the clinical laboratory market.

The report reveals that the U.S. clinical laboratory testing market (including anatomic pathology testing) now represents an estimated $111 billion of revenue with a long-term annual growth rate of 3-4%. All data and trends are fully explained throughout the report, including 10-year historical data and detailed forecasts thru 2022.

The U.S. clinical laboratory market endured intense reimbursement pressure between 2018 and 2020. “However, the Medicare program has completed its initial implementation of payment rate cuts for all CLFS codes and the reimbursement environment now appears more stable,” according to Jondavid Klipp, Publisher of Laboratory Economics. “Furthermore, a short-term boom in Covid-19 PCR tests combined with longer-term growth in high-priced genetic tests is driving industry revenue to record highs.”

The report includes:

  • More than 100 charts and graphs
  • Industry size and growth rates for 2010-2022
  • Medicare claims data for key laboratory codes 
  • Hospital laboratory cost report data for more than 100 of the biggest hospitals 
  • Top 50 hospital-based outreach labs by Medicare CLFS and PFS payments
  • Lab Test Reimbursement Rates from Medicare and Private Insurers
  • Detailed analysis of the genetic testing, toxicology, nursing home and other market segments
  • Key mergers, acquisitions and joint ventures
  • Laboratory Economics’ exclusive Covid Lab Testing Survey Results

Laboratory companies featured in this report include: ACL Laboratories, Aegis Sciences, American Health Associates, ARUP Laboratories, Eurofins Scientific, Exact Sciences, Inform Diagnostics, LabCorp, Myriad Genetics, Mayo Clinic Labs, NeoGenomics, Northwell Health Labs, OPKO/BioReference Labs, PathGroup, Poplar Healthcare, ProPath Services, Quest Diagnostics and Sonic Healthcare USA.

The U.S. Clinical Laboratory Market: Forecast & Trends 2020-2022 is published by Laboratory Economics (www.laboratoryeconomics.com), an independent market research firm focused exclusively on the business of pathology and laboratory medicine.

America’s Fastest-Growing Labs

America’s Fastest-Growing Labs

America’s Fastest-Growing Labs

Phlebxpress (Temecula, CA) grew its Medicare Part B test service volume by 202% per year between 2015 and 2018, making it the fastest-growing independent lab company in America over the three-year period. Phlebxpress is a mobile phlebotomy company headquartered in Southern California that serves California, Nevada, and Texas. Its highest volume Part B test services included travel allowance (P9603 & P9604) and routine venipuncture (CPT 36415).

Two other mobile phlebotomy companies, Mobile Health Labs (Orlando, FL), up 63% per year, and Unique Lab Services (Fountain Hills, AZ), up 59% per year, rounded out the top three.

Two hospital-owned outreach labs, UCLA Outreach Clinical Lab (Panorama City, CA) and Pathology Laboratory (Ankeny, IA), owned by UnityPoint Health, were also among the fastest-growing lab companies.

Overall, some 2,900 independent clinical labs saw their Medicare Part B volume decline from 352.6 million test services in 2015 to 314.2 million test services in 2018. The decline was mostly driven by the introduction of new bundled codes for drug testing (G0480-G0483), which eliminated a large volume of individually billed drug tests.

Top 25 Fastest-Growing Labs by Medicare Part B Volume of Services

Laboratory Economics Issues Research Report on U.S. Anatomic Pathology Market

Laboratory Economics Issues Research Report on U.S. Anatomic Pathology Market

Laboratory Economics Issues Research Report on U.S. Anatomic Pathology Market

The publisher of Laboratory Economics has just released The U.S. Anatomic Pathology Market: Forecast & Trends 2019-2021. With this special report, you can tap into 150 pages of proprietary market research that reveals critical data and information about key business trends affecting the anatomic pathology market.

The report reveals that the anatomic pathology market (including Pap testing) now represents an estimated $18 billion of revenue with an annual growth rate of 3-4%. All data and trends are fully explained throughout the report, including 10-year historical data and a detailed three-year forecast.

The U.S. anatomic pathology market endured intense reimbursement pressure between 2013 and 2017. “However, the Medicare program has completed its evaluation of payment rates for all the key pathology codes and the reimbursement environment now appears stable,” according to Jondavid Klipp, Publisher of Laboratory Economics. “Furthermore, the introduction of new higher-priced molecular oncology tests linked to targeted cancer drugs is driving volume trends higher. As a result, the outlook for the U.S. anatomic pathology market is the best it’s been in the past 10 years.”

The report includes:

  • More than 100 charts and graphs
  • Industry size and growth rates
  • Detailed estimates for market subsets like prostate cancer testing, dermatopathology, lymphoma/leukemia and gastrointestinal
    pathology
  • Medicare claims data for 60 key pathology codes
  • Cervical cancer testing trends and pricing data
  • In-office histology lab trends
  • Detailed analysis of the digital pathology market
  • Results from Laboratory Economics’ exclusive Anatomic Pathology
    and Clinical Lab Trends Surveys from 2007 through 2019

Anatomic pathology companies featured in this report include: Aurora Diagnostics, Bako Diagnostics, CellNetix Labs, Exact Sciences, Genomic Health, InformDX, LabCorp/Dianon, Myriad Genetics, Mayo Clinic Labs, NeoGenomics, OPKO/BioReference Labs, PathGroup, Pathology Reference Laboratory, Poplar Healthcare, ProPath Services, Quest Diagnostics/AmeriPath and Sonic Healthcare USA.

The U.S. Anatomic Pathology Market: Forecast & Trends 2019-2021 is published by Laboratory Economics (www.laboratoryeconomics.com), an independent market research firm focused exclusively on the business of pathology and laboratory medicine.

Contact Information
Contact: Jondavid Klipp, President
Laboratory Economics
195 Kingwood Park
Poughkeepsie, NY 12601
Phone: 845-463-0080
www.laboratoryeconomics.com