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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 can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Quest Diagnostics Inc. Quest Diagnostics Inc. 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 - Starting a New Business Chapter

Barriers to entry in the Toxicology Laboratories industry are low and have remained relatively stable over the past five years. In general, the industry is not highly competitive because it comprises a multitude of firms that are spread throughout the entire United States and that cater primarily to local or regional markets. Additionally, the widespread nature of the industry serves to reduce overall industry concentration, further reducing competition and lightening the industry's barriers to entry. Nonetheless, there are some characteristics of the industry that may serve as potential barriers to new entrants. For example, despite a heavy reliance on skilled labor, the industry carries a moderate level of capital requirements... 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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