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2018 Market Analysis & Industry Outlook: Testing Laboratories

Overview: the U.S. Testing Laboratories Industry

This section provides answers to key questions about the industry:

  1. What is the total market size (industry revenue)?
  2. What is the industry outlook?
  3. Market Analysis: Is the market growing or declining, and how quickly?
  4. Are long-term forecasts positive or negative?
  5. What is the average company size in the industry?
  6. How many companies are in the industry?

Market Size & Industry Statistics

The total U.S. industry market size for Testing Laboratories: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

market size 2018
Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics 2012        2013        2014        2015        2016        2017
Market Size
(Total Sales/Revenue)

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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Statistics Source: U.S. Census, AnythingResearch Market Analysis

Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following five-year demand forecast projects both short-term and long-term trends.

market forecast

Forecast / Industry Outlook 2017 2018 2019 2020 2021 2022
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Product & Services Breakdown

Research products and services in the Testing Laboratories industry generating sales. Note that products are broken into categories with different levels of classification.

Product DescriptionNumber of Companies Sales ($ millions) Percent of Total Sales

Industry Total

Testing Services (Physical Or Product), Excluding Medical And Veterinary Services

Testing Services - Agricultural

Testing Services - Food

Testing Services - Waste Testing Services (Include Solid And Hazardous Waste.)

Testing Services - Soil, Rock, And Sludge (Include Geotechnical Testing.)

Testing Services - Pharmaceutical, Medical Devices, And Personal Care Products

Testing Services - Construction Materials Testing And Inspection Services

Testing Services - Machinery And Equipment

Testing Services - Metallic And Non-Metallic Minerals And Products

Testing Services - Water

Testing Services - Air (Include Radon And Sick-Building Testing.)

Testing Services - Asbestos

Other Testing Services

Calibration Of Instruments And Reference Materials

Product Certification Services

Commercial Inspection Services

Consulting Services For Testing And Related Fields (Include Expert Witness Services.)

Engineering Services

All Other Receipts

All Other Operating Receipts

U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Rent paid on business property
Charitable Contributions
Domestic production activities deduction
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
Source: AnythingResearch Analysis of U.S. federal statistics

Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Testing Laboratories company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Testing Laboratories industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Testing Laboratories measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.

Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.

Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.

Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 8%

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Chief Executives0%
General and Operations Managers3%
Architecture and Engineering Occupations 23%
Engineers 14%
Mechanical Engineers 7%
Mechanical Engineers 7%
Drafters, Engineering Technicians, and Mapping Technicians 9%
Engineering Technicians, Except Drafters 9%
Life, Physical, and Social Science Occupations 25%
Physical Scientists 8%
Chemists and Materials Scientists 6%
Chemists 5%
Life, Physical, and Social Science Technicians 16%
Chemical Technicians 8%
Chemical Technicians 8%
Office and Administrative Support Occupations 13%
Production Occupations 14%
Other Production Occupations 11%
Inspectors, Testers, Sorters, Samplers, and Weighers 11%
Inspectors, Testers, Sorters, Samplers, and Weighers 11%
Source: Bureau of Labor Statistics

Testing Laboratories Industry Market Share [PREMIUM]

Largest companies in the industry and related industries, with private company revenue estimates.

CompanyAddressRevenue Estimate

Innovation News

  • Special Pathogens Laboratory trademarks "LEGIDOC" - Providing temporary use of a web-based software application for generating water safety plans; Software as a service (SAAS) services featuring software for generating water safety plans - 05/21/2018
  • UL trademarks "UL IQ" - Providing online searchable databases and platforms featuring product attributes, certifications and validations which are in conformity with sustainability, environmental, safety and performance standards, regulations, ratings or manufacturer specifications - 05/18/2018
  • Skinscience Labs trademarks "ORGANIC SKINSCIENCE" - skin creams; skin serums; skin lotions; facial masks; lip sticks; lip glosses; skin foundations; skin pads for cosmetic purposes; eye patches for cosmetic purposes; skin cleansers; eye creams; eye masks; sun screen; anti aging skin creams - 05/08/2018
  • Avista Pharma Solutions patents Antiparasitic Compounds - 05/03/2018
  • Jefferson Science Associates patents Passive Bias Temperature Compensation Circuit Module - 04/26/2018
  • Tarveda Therapeutics patents Targeted Conjugates Encapsulated In Particles And Formulations Thereof - 01/25/2018
  • Tarveda Therapeutics raises $21 million in funding. - 02/09/2017
  • Ingrain raises $5 million in funding. - 01/05/2017
  • Ait Bioscience raises $2 million in funding. - 01/06/2015

  • Top Innovators

    CompanyInnovation Score
    Medical Diagnostic Laboratories166
    Jefferson Science Associates

    Additional companies, details and innovation scoring in the full report.

    Government Contracts

    In 2016, the federal government spent a total of $370,935,792 on Testing Laboratories. It has awarded 6,779 contracts to 1,308 companies, with an average value of $283,590 per company.   

    Top government vendors:

    CompanyFederal ContractsTotal Award Amount

    Segments classified within this market research report

    This industry market research report includes companies whose primary business is any of the following:
    Thermal testing laboratories or services, Electronic testing laboratories or services, Product testing laboratories or services, Soil testing laboratories or services, Acoustics testing laboratories or services, Laboratory testing (except medical, veterinary) services, Environmental testing laboratories or services, Forensic (except medical) laboratories or services, Biological (except medical, veterinary) testing laboratories or services, Assaying services, Radon testing laboratories or services, Seed testing laboratories or services, Pollution testing (except automotive emissions testing) services, Vibration testing laboratories or services, Radiation dosimetry (i.e., radiation testing) laboratories or services, Radiographing welded joints on pipes and fittings, Metallurgical testing laboratories or services, Calibration and certification testing laboratories or services, X-ray inspection services, Radiography inspection services, Radiation testing laboratories or services, Geotechnical testing laboratories or services, Automobile proving and testing grounds, Radiographic testing laboratories or services, Food testing laboratories or services, Hydrostatic testing laboratories or services, Non-destructive testing laboratories or services, Testing laboratories (except medical, veterinary), Fire insurance underwriters' laboratories, Film badge testing (i.e., Industrial testing laboratories or services, Electrical testing laboratories or services, Mechanical testing laboratories or services, etc.

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