North America Toxicology Laboratories Market

North America Toxicology Laboratories Market

North America Market Study on Toxicology Laboratories: Increasing Usage of Toxicology Testing Services in Crime Investigation is Expected to Drive the Growth of Toxicology Laboratories

  • XPLREP1056

  • March, 2016

  • 176 Pages

  • Medical Equipment

Toxicology testing entails the identification of poisons and controlled substances are samples and such as urine, hair, blood, and oral fluids. Toxicology testing laboratories perform the analysis of samples for excessive consumption using suspect samples, and results enable implementation of regulations and guidelines by the various regulatory bodies to control and deter substance abuse legally.

This report covers North America toxicology laboratories market performance in terms of revenue contribution. The report includes key trends, drivers, restraints, and opportunities influencing the growth of the North America toxicology laboratories market over forecast period 2015–2022. Impact analysis of key growth drivers and restraints, based on the weighted average model, are included in this report to better equip clients with crystal clear decision-making insights. The various instruments, reagents, and kits used across forensic laboratories (public and private), rehabilitation centers, hospitals and trauma centers, and diagnostics laboratories to ascertain the amount of substance in samples have been considered in this report.

Increasing abusive consumption of controlled substances and drugs, increased expenditure by government bodies on toxicity testing to avoid substance abuse, and favorable reimbursement policies for conducting toxicity testing across workplaces are factors driving the growth of the North America toxicology laboratories market. Moreover, commercial availability of high-end drug testing instruments, economical, rapid, and effective methods to conduct drug testing and the introduction of combinational automated toxicity detection technologies are factors expected to drive the growth of the North America toxicology laboratories market. However, the introduction of point-of-care toxicology testing devices, longer waiting time for sample testing in laboratories, and limited efficacy of conventional techniques are likely to impede the growth of the North America toxicology laboratories market over the forecast period.

The North America toxicology laboratories market has been estimated to be valued at US$ 97.4 Mn in 2015, and is anticipated to increase to US$ 198.2 Mn by 2022, registering a CAGR of 11.1% during the forecast period.

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North America Market Study on Toxicology Laboratories: Increasing Usage of Toxicology Testing Services in Crime Investigation is Expected to Drive the Growth of Toxicology Laboratories
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North America Toxicology Laboratories Market

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