For the last four decades, LMT has conducted its State of the Industry Survey every five years, offering an in-depth look at what’s trending and what’s changed in the marketplace. And—with the COVID-19 pandemic—these last five years have been a tumultuous ride, creating unprecedented challenges while also exacerbating some of the long-standing issues laboratory operators face.
Attitudes about the state of our profession are mixed. Some lab owners say the last five years have been the hardest of their careers. Some say 2024 was flat compared to 2023 or they’re still experiencing high levels of workflow fluctuation. Others say they’ve weathered the storm, have rebounded and are busier than ever. Most agree, however: our marketplace is rapidly evolving and vigilance is essential to stay competitive.
This month, we look at the key trends in the market and the top challenges that define the state of our profession.
