Medical Laboratories in Tennessee
Revenue benchmarks for medical laboratories businesses operating in Tennessee.
#18 of 50 states-7.4% vs national avg
Average Revenue
$7.2M
per year
Businesses
105
in Tennessee
Revenue / Employee
$123K
per year
Labor Cost
50.0%
of revenue
Profit Margin
13.0%
industry average
Market Saturation
1.5
firms per 100K in TN
Total Revenue
$751.7M
all firms in TN
Total Employees
6,136
in TN
How Tennessee Compares
National Average$7.7M
Tennessee$7.2M
Difference$574K (-7.4%)