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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

The Toxicology Laboratories market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

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 - Industry Analysis Chapter

The Toxicology Laboratories industry has benefited from rising demand for employee drug screening services over the past five years. Further exacerbating demand for industry services, many physicians have demanded toxicology tests for their patients. In particular, medical guidelines have encouraged doctors to monitor Medicaid beneficiaries for drug use, which may include testing for medical noncompliance and prescription medication abuse. According to the Wall Street Journal's analysis of 2012 billing data for pain doctors, Medicare payments for drug testing has exceeded revenue from treating patients for many pain doctors.

As a result, there has been robust demand for drug tests from some physicians, bolstering industry revenue... 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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