2011 U.S. Medical Laboratories Industry-Capital & Expenses Report by BarnesReports

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									BReports
     ARNES
Medical Laboratories
Industry (NAICS 621511)


           n Market Reports

           n Industry Trends

           n Demographic Data




   2011 Capital & Expenses series
                     © C. Barnes & Co.
                  Medical Laboratories Industry
                         (NAICS 621511)


                                     TABLE OF CONTENTS
          Users' Guide
          Industry Definition and Related Industries
          Industry Establishments, Sales & Employment Trends
          Industry Ratios
          2010 Establishments, Firms & Payroll
          2010 Industry Cost of Materials
          2010 Industry Rentals
          2010 Industry Capital Expenditures
          2010 Industry Other Expenses
          2011 U.S. States - Estimated Cost of Materials
          2011 U.S. States - Estimated Capital Expenditures
          2011 U.S. States - Estimated Other Expenses
          2012 U.S. States - Estimated Cost of Materials
          2012 U.S. States - Estimated Capital Expenditures
          2012 U.S. States - Estimated Other Expenses
          2011 U.S. Metropolitan Areas - Estimated Cost of Materials
          2011 U.S. Metropolitan Areas - Estimated Capital Expenditures
          2011 U.S. Metropolitan Areas - Estimated Other Expenses
          2012 U.S. Metropolitan Areas - Estimated Cost of Materials
          2012 U.S. Metropolitan Areas - Estimated Capital Expenditures
          2012 U.S. Metropolitan Areas - Estimated Other Expenses
          Definitions and Terms




© 2011 Barnes Reports: U.S. Medical Laboratories Industry-Capital and Expenses   1
                         Medical Laboratories Industry
                                (NAICS 621511)

                                                    USERS' GUIDE
The Barnes Reports are the leading publications on U.S. industries and estimates and forecasts
on sales and employment demographics. As a way of making the most of this information, we have
included a few suggestions and tips to aid you in processing and using this information.

Managers, planners, and market researchers use this information for a variety of activities:
   • Sizing markets and segments – You can estimate the size of the regional markets you sell in
              and your company’s market penetration into that market. You can do the same with the market
              segments in which you participate.
   • Sales territory potential – You can estimate your market penetration and also the market potential
              in any regional area or market segment.
   • Sales forecasting – With the estimates on the size of the industry, market researchers supporting
              a sales force can then estimate and forecast the future size of the industry.
   • Advertising strategies – You can use this information for forecasting and estimating sales potential
              and target advertising campaigns.
   • Competitive analysis – You will use the information to locate your possible competitors (if it is
              not already known), to estimate their size, growth and strengths and weaknesses and to see what
              market segments in which they participate.

We recognize that many managers today are asked to provide detailed analysis of their markets,
sales territories, distribution channels, and product placements. We have organized these reports in a
logical format making your market analysis and research tasks easy to accomplish.




Copyright © 2010 By C. Barnes & Co.
Printed in USA

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     © 2011 Barnes Reports: U.S. Medical Laboratories Industry-Capital and Expenses                             2
                     Medical Laboratories Industry
                            (NAICS 621511)

Industry Definition and Related Industries

NAICS 621511: Medical Laboratories. This industry comprises
establishments primarily engaged in providing professional analytic or
diagnostic services to the medical profession, or to the patient on
prescription of a physician.




Related Industries
          Pharmaceutical Preparation Mfg.
          Medical & Surgical Hospitals
          Health Care Services
          Offices of Physicians

U.S. Census Categories
NAICS 621511 – Medical Laboratories is almost comparable to:
64% of SIC 8071 – Medical Laboratories


Sub-Industries
Medical laboratories                                      Pathological laboratory
Testing laboratories                                      Urinalysis laboratory
Bacteriological laboratory                                Neurological laboratory
Biological laboratory                                     Ultrasound laboratory
Blood analysis laboratory                                 X-ray laboratory, including dental

   © 2011 Barnes Reports: U.S. Medical Laboratories Industry-Capital and Expenses              3
                                Medical Laboratories Industry
                                       (NAICS 621511)


Industry Establishments, Sales & Employment Trends

                                                            Year                                  Percent Chg. Year-to-Year
                                   2008        2009         2010          2011       2012        08-09 09-10 10-11 11-12
Establishments                        6,702        6,659        6,817        6,885       7,149       -0.6%         2.4%        1.0%           3.8%
Sales ($Millions)                    21,496       21,560      23,533        25,239      28,265        0.3%         9.2%        7.2%           12.0%
Employment                          165,474      164,493     168,328       170,062    176,302        -0.6%         2.3%        1.0%           3.7%




Industry Ratios

                                                            Year                                  Percent Chg. Year-to-Year
(Industry Averages) 2008 2009                               2010          2011       2012        08-09 09-10 10-11 11-12
Sales ($M)/Estab.       3.21    3.24                             3.45         3.67        3.95        0.9%         6.6%        6.2%           7.9%
Sales ($)/Emp.       129,903 131,069                         139,804       148,407    160,319         0.9%         6.7%        6.2%           8.0%
Emps. per Estab.        24.7    24.7                             24.7         24.7        24.7        0.0%         0.0%        0.0%           -0.1%




2010 Establishments, Firms & Payroll

                                                 Employee Size of Firm or Establishment
                  2010                          1-4          5-9          10-19      20-99 100-499 500+                             Total
                                               Emps.        Emps.         Emps.      Emps. Emps. Emps.
Firms                                              1,433            542       423          490         186          174             3,248
Establishments                                     3,887            898       632          774         225           63             6,817
Payroll ($Millions)                                  184            233       386        1,073        1,328       4,380             7,583
HR Benefits ($M)                                    31.7         40.2         66.5       185.1        228.9       755.2             1,307.5
Health Insurance ($M)                               15.1         19.1         31.6        87.9        108.8       358.9             621.4
Pension Plans ($M)                                    4.8           6.1       10.1        28.2         34.9       115.2             199.5
Contribution Plans ($M)                               2.5           3.2        5.2        14.5         18.0        59.2             102.6
Other HR Benefits ($M)                              21.1         26.7         44.2       123.2        152.4       502.6             870.2




* Firms (total company) are represented by employee size of firm.
 Establishments (individual locations) are represented by employee size of establishments.
 "Total establishments" do not include "unknown employees" so will not match "total establishments" in other parts of the report.




      © 2011 Barnes Reports: U.S. Medical Laboratories Industry-Capital and Expenses                                                                  4
                     Medical Laboratories Industry
                            (NAICS 621511)


2010 Industry Cost of Materials

                                      Employee Size of Establishment
           2010                  1-4        5-9      10-19     20-99 100-499 500+          Total
                                Emps.      Emps.     Emps.     Emps. Emps. Emps.
Cost of Materials ($M)             297.8     137.6     225.8     807.9   977.7   1,298.7   3,745.4
Materials Used ($M)                 27.4      12.7      20.8      74.4    90.0    119.5    344.7
Medical Supplies ($M)              220.8     102.0     167.4     598.9   724.9    962.9    2,776.8
Contract Work ($M)                  40.2      18.6      30.4     109.0   131.9    175.2    505.1
Cost of Fuels ($M)                   6.3       2.9       4.8      17.1    20.7      27.4    79.1
Electricity ($M)                     3.1       1.5       2.4       8.5    10.3      13.7    39.6




2010 Industry Rentals

                                      Employee Size of Establishment
           2010                  1-4        5-9      10-19     20-99 100-499 500+          Total
                                Emps.      Emps.     Emps.     Emps. Emps. Emps.
Total Rentals ($M)                  49.2      22.7      37.3     133.4   161.4    214.4    618.3
Building Rentals ($M)               46.8      21.6      35.5     126.9   153.6    204.1    588.5
Machinery Rentals ($M)               2.4       1.1       1.8       6.4     7.8      10.3    29.7




   © 2011 Barnes Reports: U.S. Medical Laboratories Industry-Capital and Expenses                    5
                     Medical Laboratories Industry
                            (NAICS 621511)


2010 Industry Capital Expenditures

                                      Employee Size of Establishment
           2010                  1-4        5-9      10-19     20-99 100-499 500+             Total
                                Emps.      Emps.     Emps.     Emps. Emps. Emps.
Capital Expenditure ($M)            26.1      12.1      19.8      70.9      85.8     114.0    328.7
Buildings/Structures ($M)           11.8       5.5       9.0      32.1      38.8      51.6    148.7
Machinery/Equip. ($M)               14.3       6.6      10.8      38.8      47.0      62.4    180.0
Autos/Trucks ($M)                    0.2       0.1       0.2        0.6       0.8       1.0     2.9
Computer Equip ($M)                  1.3       0.6       1.0        3.4       4.2       5.5    15.9
Other Machinery ($M)                12.8       5.9       9.7      34.8      42.1      55.9    161.1
Total Depreciation ($M)             36.5      16.8      27.6      98.9     119.7     159.0    458.5




2010 Industry Other Expenses

                                      Employee Size of Establishment
           2010                  1-4        5-9      10-19     20-99 100-499 500+             Total
                                Emps.      Emps.     Emps.     Emps. Emps. Emps.
Other Expenses ($M)                696.7     321.9     528.2    1,890.2   2,287.5   3,038.6   8,763.1
Expensed Equip. ($M)               220.8     102.0     167.4     598.9     724.9     962.9    2,776.8
Software ($M)                        9.4       4.4       7.2      25.6      31.0      41.2    118.7
Repair/Maintenance ($M)             18.4       8.5      14.0      50.0      60.5      80.4    231.8
Advertising Expenses ($M)           15.6       7.2      11.8      42.3      51.2      68.0    196.2
Liability Insurance ($M)            68.3      31.5      51.8     185.2     224.1     297.7    858.7
Taxes & Licenses ($M)               21.8      10.1      16.5      59.1      71.5      94.9    273.8
All Other Expenses ($M)            342.4     158.2     259.6     929.0    1,124.3   1,493.5   4,307.1




   © 2011 Barnes Reports: U.S. Medical Laboratories Industry-Capital and Expenses                       6
                           Medical Laboratories Industry
                                  (NAICS 621511)

                U.S. States – Estimated Cost of Materials ($Millions)
                                     Year: 2011
   Area Name           Materials Used   Medical      Contract Work   Cost of Fuels    Electricity    Total Cost of
                                        Supplies                                                       Materials
U.S. Total                     399.6       3,219.1          585.6             91.7            45.9          4,341.9
Alabama                          4.4          35.7            6.5              1.0             0.5             48.1
Alaska                           0.4           2.9            0.5              0.1             0.0              3.9
Arizona                         12.0          96.6           17.6              2.8             1.4            130.2
Arkansas                         2.2          17.4            3.2              0.5             0.2             23.4
California                      50.8         409.4           74.5             11.7             5.8            552.2
Colorado                         4.7          37.5            6.8              1.1             0.5             50.6
Connecticut                      6.3          50.4            9.2              1.4             0.7             68.0
Delaware                         0.7           5.2            1.0              0.1             0.1              7.1

District of Columbia             0.2           1.3             0.2             0.0             0.0              1.8
Florida                         25.4         204.4            37.2             5.8             2.9            275.7
Georgia                          9.3          74.6            13.6             2.1             1.1            100.7
Hawaii                           4.5          36.5             6.6             1.0             0.5             49.3
Idaho                            1.2           9.3             1.7             0.3             0.1             12.5
Illinois                        15.9         128.0            23.3             3.6             1.8            172.7
Indiana                         11.2          90.6            16.5             2.6             1.3            122.2
Iowa                             2.1          16.7             3.0             0.5             0.2             22.5
Kansas                           5.4          43.3             7.9             1.2             0.6             58.4
Kentucky                         2.7          21.5  
								
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