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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 | Mar 2015

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

IBISWorld’s Toxicology Laboratories market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Alere Inc. Alere Inc. market share
Quest Diagnostics Inc. Quest Diagnostics Inc. market share
Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 10-15
5.6%
Annual Growth 15-20
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Profit
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Employment
11,530
Businesses
875
Industry Analysis & Industry Trends

The Toxicology Laboratories industry has experienced steady growth over the past five years as demand for employee drug testing, the industry's largest product segment, rose in line with increased employment during the economic recovery. Underpinning growth in employee toxicology testing is the trend of increasing illicit drug use in the United States, the economic costs of which have been substantial. To avoid productivity losses, most businesses have required drug tests of workers, at least upon initial employment, which has driven steady revenue growth for the industry. This growth is anticipated to continue over the next five years.... purchase to read more

Industry Report - Starting a New Business Chapter

The Toxicology Laboratories industry is typified by low barriers to entry. Overall, the industry has low barriers to entry, which can be partly attributed to the industry's high level of fragmentation. Due to many toxicology laboratories catering to local or regional market niches, such as local law enforcement, potential industry entrants benefit from low barriers to entry. However, new industry entrants may grapple with incumbent firms having contracts with markets, such as large businesses and the law enforcement sector, thereby adding to barriers to entry.

Further adding to the industry's barriers to entry, new industry entrants contend with relatively high purchase expenditures. In the next five years, the industry's barriers to entry will likely rise... 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
Lab-based urine testingInstant urine testingHair testingLab-based oral fluid testingInstant oral fluid testingOther testing
 
Industry Activities
Blood testingUrine testingOral fluid testingSaliva testingHair testing


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