IncFact
Company Profiles: Revenue, Growth, Competition

Medical & Diagnostic Laboratories Industry

NAICS: 6215

Contents

.Medical & Diagnostic Laboratories Market Share: Largest Companies in the Medical & Diagnostic Laboratories Industry

Company HeadquartersRevenue ($ MM)
LABORATORY CORPORATION (NYSE: LH)Burlington, NC100 
QUEST DIAGNOSTICS DE PUERTO RICO (NYSE: DGX)Toa Baja, PR99 
RADNET MANAGEMENT (NASDAQ: RDNT)Los Angeles, CA17 
SONIC HEALTHCARE USAAustin, TX15 
BIO-REFERENCE LABORATORIESElmwood Park, NJ10 
U.S. RENAL CAREPlano, TX10 
BIO-RAD LABORATORIES (NYSE: BIO)Hercules, CA7 
KAMINI MALHOTRA M.D.Fountain Valley, CA6 
CALIFORNIA IMAGING INSTITUTEFresno, CA5 
MYRIAD GENETICS (NASDAQ: MYGN)Salt Lake City, UT5 
VERSITI WISCONSINMilwaukee, WI5 
ONE CALLJacksonville, FL4 


See exact company revenues in this list


This is a list of the largest companies active in the Medical & Diagnostic Laboratories industry. This differs from market share in the following example: One business with revenues of $100 million generates 10% of its business from the Medical & Diagnostic Laboratories industry. A second firm, with revenues of $20 million, generates all of its business from this industry. In our list, we show the businesses having revenues of $100 million and $20 million, respectively. However, the market share would compare the $10 million in industry-specific revenue to the $20 million: the second company has twice the market share even though it is "smaller" in size.


.Additional Companies Operating in the Medical & Diagnostic Laboratories Industry

Company HeadquartersRevenue ($ MM)
GRIFOLS SHARED SERVICES NORTH AMERICALos Angeles, CA100 
WILLIAM BEAUMONT HOSPITALRoyal Oak, MI66 
UNIVERSITY OF MARYLAND MEDICAL SYSTEMBaltimore, MD39 
LOUISIANA HEALTH SERVICE & INDEMNITYBaton Rouge, LA33 
STANFORD HOSPITAL & CLINICSStanford, CA32 
ARBOR DIAGNOSTICSDallas, TX30 
PERKINELMER (NYSE: PKI)Waltham, MA27 
CHILDREN'S HOSPITALBoston, MA22 




.Growth: Fastest Growing Medical & Diagnostic Laboratories Companies

A list of competitors in the Medical & Diagnostic Laboratories industry that are rapidly expanding. Businesses may grow organically or through acquisition. Typically, small or midsized companies are in "growth" mode and can expand more rapidly. However, large businesses may have the strategy and financial capabilities to scale rapidly. Businesses that employ a "roll-up" strategy make multiple acquisitions of smaller businesses to form a single large corporation that controls a greater market share than its competitors and benefits from economies of scale.

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.Small Business Financing

Small businesses that have received financing may expand soon. Financing may be required for capital-intensive investments, such as real estate or equipment purchases. Medical & Diagnostic Laboratories businesses may use the financing to cover startup expenses or the costs of hiring new employees. Loans differ from equity investments in the level of risk that is expected: loans frequently have collateral either directly or implicitly through the business or the owners that ensure repayment. Equity investment has the possibility for much greater returns, but offers no guarantee the principle will be repaid. Convertible securities combine the two concepts, but is used by private-equity firms rather than main street startups.

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. Venture Funding

These Medical & Diagnostic Laboratories companies are actively raising capital from venture capital firms, private equity, or other investors. Businesses with venture funding generally have higher growth prospects, either through bringing new concepts to market, using innovative business practices, or savvy management.

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