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Toxicology Laboratories in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Toxicology Laboratories Market Research Report | Life Sciences | Laboratory Services | Nov 2013

Test positive: Greater employment and drug use will drive demand for toxicology labs

IBISWorld’s Toxicology Laboratories market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 08-13
1.0%
Annual Growth 13-18
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Profit
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Employment
10,425
Businesses
1,102
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 Analysis Chapter

A rise in demand for employment-based drug screening has driven industry revenue growth over the past five years. Despite a decline in the number of employees over the past five years, demand for drug screenings has been driven by rising illicit drug use rates and a growing concern about the effect of drug use on productivity. In the five years to 2013, industry revenue is expected to grow an annualized 1.0% to $2.0 billion. The industry is expected to grow a further 1.2% in 2013 because of a rising number of employees and increased focus on employee drug prevention.

The majority of industry revenue comes from employee drug testing; therefore, demand for industry services tends to follow economy-wide employment changes... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Toxicology Laboratories Industry?

This industry receives and independently analyzes samples of biological material for various toxins, primarily drugs. Services include blood testing, saliva testing and urine testing. Employers, the medical community and law enforcement are major purchasers of this industry's services.

Industry Products
Blood testsUrine testsSaliva testsEtG/EtS testsOther tests
 
Industry Activities
Blood testingUrine testingSaliva testingEtG/EtS testing


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