The North America toxicology laboratories market, unveiling promising forecasts and insightful trends driving the industry's evolution. With an impeccable Compound Annual Growth Rate (CAGR) of 10.4% projected during the forecast period, the market is expected to surge from US$255.2 million in 2023 to an estimated US$511.2 million by the end of 2030.
Rapid Screening Technologies: A Key Driver of Growth
The report highlights the increasing significance of rapid screening technologies as a primary trend propelling market expansion. With advancements in technologies such as Gas Chromatography-Mass Spectrometry (GC-MS), toxicology laboratories are witnessing a surge in demand for efficient screening methods, enhancing turnaround times and sensitivity.Integration of Informatics and Data Solutions
Another pivotal trend identified in the report is the integration of informatics and data solutions within toxicology laboratories. Confidential test results are securely stored in mass spectral databases, emphasizing the importance of data integrity and confidentiality in the industry.Key Segment Insights
- Drug Class Dominance: Amphetamines emerge as the leading segment, capturing 17.9% of the market share and projected to grow at a robust CAGR of 11.0% during the forecast period.
- Product Type Leadership: Reagent and kits claim the majority share of 61.6%, expected to grow at a steady CAGR of 9.7% over the forecast period.
Regulatory Frameworks Fueling Market Growth
The report underscores the role of robust regulatory frameworks in driving market growth across industries such as pharmaceuticals, cosmetics, food, and chemicals. Stricter regulations in the US and Canada mandate rigorous testing, creating a conducive environment for market expansion.Challenges and Opportunities
While traditional toxicology laboratories face challenges from the introduction of point-of-care testing devices, increasing government spending on toxicity testing presents lucrative opportunities for market players. Collaborations between regulatory bodies and industry stakeholders further stimulate innovation and growth.Competitive Analysis
Prominent organizations are spearheading the sector with innovative solutions and strategic alliances. Competitive intelligence and strategic decision-making remain crucial for companies navigating the dynamic landscape of the toxicology laboratories market.Global North America Toxicology Laboratories Market:
- Thermo Fisher Scientific, Inc.
- Bio Rad Laboratories Inc.
- Neogen Corporation
- Danaher Corporation
- Agilent
- Redwood Toxicology Laboratory
- Abbott (Alere, Inc.)
Global North America Toxicology Laboratories Market Is Segmented as Below:
Drug Class:
- Alcohol
- Amphetamines
- Barbiturates
- Benzodiazepines
- Illicit Drugs
- Opiates/Opioids
- Tricyclic’s Antidepressants
- Z Drugs
- Misc
Product Type:
- Reagent Kits
- ELISA
- PCR
- Enzyme Multiplied Immunoassay Technique (EMIT)
- Radio Immuno-sorbent Assay (RIA)
- Instruments
- Immunochemistry Analyzers
- PCR Machine
- Gas Chromatography/Mass Spectrometry (GS/MS)
- High Performance Liquid Chromatography (HPLC)
Sample:
- Urine
- Blood
- Hair
- Oral Fluid
End User:
- Hospitals
- Clinics
- Diagnostic Laboratories
- Forensic Laboratories
- Rehabilitation Centers
By Geographic Coverage:
- North America
- U.S.
- Canada
Table of Contents
1. Executive Summary
2. Market Overview
3. North America Toxicology Laboratories Market Outlook, 2018 - 2030
4. Competitive Landscape
5. Appendix
Companies Mentioned
- Thermo Fisher Scientific
- Bio-Rad Laboratories, Inc.
- NEOGEN Corporation
- Redwood Toxicology Laboratory, Inc.
- Vala Sciences, Inc.
- Enzo Life Sciences, Inc.
- Alere, Inc.
- Agilent Technologies, Inc.
- Immunalysis Corporation
- Danaher Corporation
- Principle Diagnostics Laboratory
- Toxicology Laboratory
- Principle Laboratory
- Medical Toxicology Laboratory, LLC
- NMS Labs
- BATTS Laboratories
- Total Toxicology
- Clinical Reference Laboratory, Inc.
- Life Brite Labs.
- Product Safety Labs
- Lexar Labs
