Independent clinical laboratory (ICL)


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Independent clinical laboratory (ICL)
SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Health Care
Health Care Providers
Business Model Description

Business-related to in vitro diagnosis (IVD) services include signing contracts with hospitals to offer IVD reagents and equipment and services including maintenance, technological consulting, supply chain management, and logistics integration; entering partnerships with hospitals to take responsibility for laboratory departments; establishing independent clinical laboratories.

Expected Impact

Provide patients with more efficient and accurate diagnoises.

Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
20% - 25% (in IRR)
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Short Term (0–5 years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
> USD 1 billion
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
However, based on the financial data published by the listed companies in this industry, KingMed Diagnostics, Dian Diagnostics, and Daan Gene, the median of ROE in the last three years is 15.55%
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Good health and well-being (SDG 3)
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
Industry, Innovation and Infrastructure (SDG 9) Reduced Inequalities (SDG 10)
Sector Sources
  • 1) Ministry of Foreign Affairs,2019 "2) UNDP.2019" 3)UN Women. (2020). Policy Brief: The Impact of Covid-19 on Women and Girls. UN Women.
IOA Sources
  • 21), 2016, 22) State department, 2015, "Guidance on promoting the construction of hierarchical diagnosis and treatment system" (《关于推进分级诊疗制度建设的指导意见》), 23) National Health Commission and National Administration of Traditional Chinese Medicine, 2018, "Notice on further reform and improvement of examination and approval of medical institutions and doctors" (《关于进一步改革完善医疗机构、医师审批工作的通知》) 24) Ministry of Health, 2019, "Basic standards of Medical Laboratory (Trial)" (《医学检验所基本标准(试行)》), 25), 2012.