Economic Impact of Clinical Labs

Clinical laboratories account for a small fraction of U.S. health care costs yet deliver essential tools for clinical decision-making. From routine blood tests to groundbreaking genetic and molecular tests, labs are vital to assisting health care providers and patients in monitoring, diagnosing and treating disease and also help drive savings across the health system. 

 

In addition to the essential medical insight and savings provided by clinical labs, the industry also provides significant benefits to the U.S. economy, contributing over $106 billion (or 0.52 percent of the GDP) in total economic output, supporting over 688,000 jobs, generating $44 billion in wages and paying more than $14 billion in state and federal taxes. 

 

Click through the interactive map to learn more about how the industry supports labs in your state or district.