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Laboratory Testing Services in the US: Market Research Report

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

Laboratory Testing Services Market Research Report | NAICS 54138 | Sep 2016

Well tested: Revenue will grow as increasing regulatory standards cause companies to seek testing

IBISWorld’s Laboratory Testing Services 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
Industry Statistics & Market Size
Revenue
$18bn
Annual Growth 11-16
1.6%
Annual Growth 16-21
Annual Growth
Profit
Profit
Employment
135,468
Businesses
11,016
Industry Threats & Opportunities
  • As more consumer products are produced, demand for industry services has grown
  • Increased regulation for manufacturers generated demand for the industry
  • Consolidated labs able to service a variety of industries will be much more profitable
  • ... purchase to read more

Industry Analysis & Industry Trends

The Laboratory Testing Services industry comprises companies that help businesses and manufacturers perform tests on items ranging from consumer and food products to industrial materials. In an increasingly regulated society, pressure on operators to ensure the safety and quality of their products is higher than ever. A greater number of government safety regulations and consumer lawsuits have led to rigorous testing of manufacturers' goods prior to sale. As companies accommodate stricter environmental regulations and invest in new products over the next five years, demand for laboratory testing services is expected to grow... ... purchase to read more

Industry Report - Industry Locations Chapter

Southeast, West, Great Lakes, Mid-Atlantic and Southwest

Establishments in the Laboratory Testing Services industry are primarily concentrated in the Southeast, West, Great Lakes, Mid-Atlantic and Southwest regions. Collectively, these regions are expected to constitute about 83.0% of the total industry's revenue. Additionally, these regions hold the highest share of population. However, the proportion of establishments does not always reflect the proportion of regional population. The spread of establishments in this industry is closely tied to the location of large clients, levels of economic activity and the availability of trained and qualified individuals to perform testing services. Tes.. ... purchase to read more

Additional Insights for the Laboratory Testing Services Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Laboratory Testing Services Industry are

  • Access to highly skilled workforce
  • Proximity to key markets
  • Recommendation/accreditation from authoritative source
  • IBISWorld analysts also discuss how external factors such as Research and development expenditure and Consumer spending in the Laboratory Testing Services industry impact industry performance... purchase to read more

     


    Industry ProductsRelated Reports

    What is the Laboratory Testing Services Industry?

    Companies in this industry perform physical, chemical and other analytical testing for commercial purposes. Such testing may occur in a laboratory or an on-site facility (i.e. where the product is manufactured or developed). Most results from industry-led tests are checked against government regulations and environmental, industrial and product standards. This industry excludes medical and veterinary testing labs.

    Industry Products
    Agriculture and food testingEnvironmental testingProduct performance and safety testingProduct certificationBiological and chemical testingOther testing
     
    Industry Activities
    Acoustics and vibration testing Biological testingElectrical testing Environmental testing Providing forensic services Geotechnical testing Industrial testing Mechanical testingProduct testing Radiation testing


    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Research and development expenditure
  • Consumer spending
  • Corporate profit
  • Total trade value
  • Total health expenditure
  • Current Performance
  • Regulatory overhaul generates demand
  • Widening profit margins
  • Industry landscape expands
  • Chart: Revenue Growth
  • Industry Outlook
  • Regulatory overhaul generates demand
  • Widening profit margins
  • Industry landscape expands
  • Table: Laboratory Testing Services Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Laboratory Testing Services Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Agriculture, Forestry, Fishing and Hunting
  • Water Supply & Irrigation Systems
  • Construction
  • Manufacturing
  • Baking Mix & Prepared Food Production
  • Generic Pharmaceutical Manufacturing
  • Engineering Services
  • Environmental Consulting
  • Key Selling Industries
  • Chemical Wholesaling
  • Glass Product Manufacturing
  • Inorganic Chemical Manufacturing
  • Laboratory Supply Wholesaling
  • Organic Chemical Manufacturing
  • Products & Services
  • Product performance and safety testing
  • Product certification
  • Environmental testing
  • Agriculture and food testing
  • Biological and chemical testing
  • Other testing
  • Chart: Laboratory Testing Services Industry Products and Services Segmentation
  • Demand Determinants
  • Government regulations
  • New technologies
  • Major Markets
  • Consumer product manufacturers
  • Industrial product manufacturers
  • Health, safety and environmental companies
  • Food manufacturers
  • Government
  • Pharmaceutical companies
  • Chart: Major Market Segmentation for the Laboratory Testing Services Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Laboratory Testing Services
  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Laboratory Testing Services Industry
  • Industry Globalization
    Major Companies
    SGS SA
  • Table: SGS SA - financial performance
  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Laboratory Testing Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success
  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth
  • Regulation & Policy
    Industry Assistance
    Key Statistics
  • Table: Industry Data for the Laboratory Testing Services Industry
  • Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Research and Development Expense (2007-2021)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Table: Industry Financial Ratios
  • Jargon & Glossary
    Calibration
  • A test that establishes the relationship between the values of quantities indicated by a measuring instrument and the corresponding values realized.
  • Certification
  • Confirmation that a product has passed a certain test.
  • Geotechnical Engineering
  • A category of engineering that uses the principles of soil and rock mechanics to evaluate subsurface conditions for the safety and risks of earthwork or foundation construction.
  • Outsource
  • To procure goods or services under contract with an outside supplier.
  • Research And Development (R&D)
  • Creative work undertaken by a company in order to increase knowledge, which can then be applied to developing a new product or improving an existing one.

  • Why Buy this Report?
    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Laboratory Testing Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Laboratory Testing Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Laboratory Testing Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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