The Value Of Laboratory Services

White Paper | November 2023

HIDA members and executives from the Laboratory Advisory Council convened to assess the state of the laboratory market and its challenges.

Download this HIDA Thought Leaders publication for insights on:

Navigating The Lab Workforce Challenges

The U.S. is experiencing a shortage in medical lab workers. Laboratory technologists were the second most in-demand allied health professionals in 2021. The U.S. faced a shortage of roughly 20,000 to 25,000 medical laboratory professionals in 2022, and demand for clinical lab technologists will rise to 19% by 2030.

The Future Of Testing At Home

Consumer attitudes towards home testing shifted during the pandemic, as Americans would test themselves using at-home rapid antigen tests. The role of self-testing will continue to evolve. By 2027, the U.S. home testing market is projected to reach $11 billion.

Innovation And Patient Outcomes

Technological advances can result in increased efficiency, reduction in errors, and improved quality in the delivery of health care services. The point-of-care diagnostics market is expected to grow 5.1 percent a year for the next seven years, reaching an expected market size of $43.1 billion by 2030.

Congressional Intervention To Prevent Lab Cuts

Lab services faced a potential cut of 15% in Medicare reimbursement, until Congress delayed these cuts in December 2022. A permanent fix is envisioned by the bipartisan Saving Access to Laboratory Services Act (SALSA) – which is currently pending in Congress.

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