2022 Laboratory Market Report
The U.S. laboratory market was valued at $112 billion in 2021 with 330,000 Clinical Laboratory Improvement Amendment (CLIA) certified laboratories. The aging U.S. population, new and improved service capabilities, and an increase in at-home testing drove the growth of the laboratory market. The 2022 Laboratory Market Report analyzes new laboratory services, Medicare reimbursement cuts, and the impact of acquisitions during the COVID-19 pandemic.
- More than 800 laboratory tests will receive reimbursement cuts up to 15% in 2023 under the Protecting Access to Medicare Act.
- The U.S. home testing market is projected to reach $11.0 billion by 2027.
- 60% of laboratory employers are offering continuing education to retain and recruit medical laboratory professionals.
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