Laboratory Testing Services in the US - Industry Market Research Report

IBISWorld
January 27, 2014
37 Pages - SKU: IBSS5204190
Countries covered: United States

Laboratory Testing Services in the US

In the five years to 2014, the industry thrived due to increased government regulation on consumer and food products, despite the poor economic climate created by the recession. Although industry revenue declined in 2009, due to lower R&D spending by companies, by 2010 the industry recovered, posting strong growth as consumers renewed spending activity and manufacturers ramped up product development and testing. Ongoing public concern regarding health and safety will continue to make the laboratory testing of consumer products relevant. Future government regulation is therefore expected to boost the need for testing laboratories. As the US economy continues on a path of sustained recovery and expansion, IBISWorld expects the Laboratory Testing Services industry to grow in the five years to 2019.

Companies in this industry perform physical, chemical and other analytical testing for commercial purposes. Such testing may occur in a laboratory or on-site (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.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.


Additional Information

MAJOR COMPANIES

Intertek Group PLC


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