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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 | Dec 2014

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

IBISWorld’s Toxicology Laboratories market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Quest Diagnostics Inc. Quest Diagnostics Inc. market share
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 09-14
3.0%
Annual Growth 14-19
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Profit
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Employment
11,620
Businesses
1,128
Industry Analysis & Industry Trends

The Toxicology Laboratories industry has experienced steady growth during 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. In order 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 Investment Chapter

The Toxicology Laboratories industry carries a moderate level of capital intensity. In 2014, for every dollar spent on wages, the average industry company will invest roughly $0.14 in capital equipment. The moderate level can be attributed largely to the industry's heavy reliance on its skilled laboratory technicians, who command high wages. Still, these relatively high labor costs ultimately mask the truly substantial capital investment requirements of the industry. Over the past five years, there has been an increasing need for specialized, high-cost laboratory equipment. This trend is expected to carry over into the next five years as companies increasingly incorporate automated processes to handle day-to-day tasks of toxicology testing... 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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