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Medical & Diagnostic Laboratories

The U.S. medical & diagnostic laboratory industry consists partly of 5,000 independent, commercial companies with composite annual revenue of $20 billion. In addition to these, a large volume of laboratory work is done by labs affiliated with hospitals and clinics, pushing total industry revenue to $48 billion. Medical labs account for about two-thirds of industry revenue, while imaging centers account for one-third. This report will focus on independent, commercial companies.

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