Industry Analysis & Industry Trends
The majority of industry revenue comes from employee drug testing, so industry performance is directly tied to employment rates. As the American economy suffered from the dual impact of the financial meltdown and housing market collapse starting in 2007, companies began scaling back production and laying off workers. Slow job creation and fewer employed Americans over the past five years led to fewer drug screenings taking place throughout the recession, which hurt toxicology labs' revenue and slowed industry growth. As companies start hiring again and more people gain healthcare coverage, demand for toxicology lab services is forecast to rise.... purchase to read more
Industry Report - Industry Products Chapter
The Toxicology Laboratories industry provides a range of tests that detect the effect of various toxins, such as drugs or alcohol, on the human body. These tests include blood analysis, urine analysis, saliva analysis and EtG/EtS alcohol analysis.
Toxicology labs primarily use blood tests and blood analysis to determine the presence of drugs in a human body. Along with urine sampling, blood tests are the most commonly used toxicology methods in laboratories across the country. As a result, blood tests will account for the largest share of industry revenue in 2013 at about 29.7%. A doctor or nurse conducts a blood test by drawing blood from the patient. The sample is then taken into the lab for analysis... purchase to read more