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Testing Laboratories Industry Analysis

Identify industry changes, evaluate the market size, market outlook, trends, key players, and growth opportunities.

Contents Standard Report Premium Report
Industry Overview & Outlook . .
Market Size (industry trends) . .
Market Forecast (5-year projection)   .
Products/Services Breakdown   .
Revenue per State . .
Financial Metrics . .
Salary & Compensation Benchmarks . .
Key Companies   .
Industry News & Innovators   .
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2018 Market Analysis & Industry Outlook: Testing Laboratories

Overview of 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[PREMIUM]

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 of Testing Laboratories 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

  • Skinscience Labs trademarks "HYDROBURST CREAM" - Facial cream - 01/05/2018
  • Ingrain patents Cuttings Analysis For Improved Downhole Nmr Characterisation - 01/04/2018
  • Tarveda Therapeutics patents Targeted Conjugates And Particles And Formulations Thereof - 01/04/2018
  • Medical Diagnostic Laboratories trademarks "HEPNOSTIC LABORATORIES" - Research and development in the field of pharmaceutical and biotechnology, for example, liver function and pathology in humans - 12/15/2017
  • Confirm Biosciences trademarks "HEALTHCONFIRM" - Hormone testing services for hormones for medical purposes; Home medical testing services for nutritional imbalances; Home medical testing services for vitamin deficiencies - 11/24/2017
  • Spectracell Laboratories patents Methods And Compositions Related To Lipoproteins In Blood Samples - 10/19/2017
  • Tarveda Therapeutics raises $21 million in funding. - 02/09/2017
  • Flowmetric Life Sciences raises $2 million in funding. - 01/20/2017
  • Ingrain raises $5 million in funding. - 01/05/2017

  • Top Innovators

    CompanyInnovation Score
    Medical Diagnostic Laboratories160

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

    Latest Industry News

    • Ask SAM: Is water test letter legit? - The solicitation C.S. forwarded to us is from a private company, “DVR Labs c/o Carolina Fresh Water.” It asks some general questions about conditions the consumer may experience, such as chlorine smell, rust stains, water spots, rotten egg smell ... (01/10/2018)
    • Point-of-Care Testing Market Expecting CAGR of +8.4% an Outstanding Growth with Key Players Analysis Report Till 2024 - dbmr=point-care-testing-poct-market Nature of business ... Abbott Administration Inc. (Delaware), Abbott Home Infusion Services, Inc. (New York), Abbott Laboratories International Co. (Illinois), Abbott Australasia Pty Ltd.(Australia), Murex Diagnostics ... (01/10/2018)
    • Received an at-home DNA test as a holiday gift? Proceed with caution - Some genetic-testing companies encouraged the purchase of kits as holiday gifts — even offering free gift wrapping. Dr. Wayne Grody, director of the UCLA Molecular Diagnostic Laboratories and Clinical Genomics Center and a professor of pathology ... (01/10/2018)
    • Blessing Hospital says new Legionella testing method coming soon - The statement said the hospital has been using a testing method that sent specimens to an "outside national laboratory for analysis." Dr. Nirav Shah, director of the Illinois Department of Public Health, testified Tuesday during a joint hearing of the ... (01/10/2018)
    • China Food and Drug Administration (CFDA) approves Biomerica colorectal screening test to help identify the early warning signs of colorectal cancer - The test does not require handling of stool or dietary restrictions ... used at the point-of-care (in home and in physicians' offices) and in hospital/clinical laboratories for the early detection of medical conditions and diseases. (01/10/2018)
    • Bornite Metallurgical Test Work Demonstrates High Quality Copper Concentrate Grades and Recoveries - Test work has been completed at SGS Laboratories in Burnaby, British Columbia, which is independent of Trilogy Metals. Test work followed industry standard methods and procedures commonly used for the design and development of copper recovery processes ... (01/10/2018)
    • IDEXX Launches SDMA in the Point of Care with IDEXX Catalyst® SDMA Test - IDEXX first launched the IDEXX SDMA Test at its reference laboratories in 2015, and has run more than 12 million SDMA patient tests, creating the world's largest database on kidney disease in dogs and cats. The IDEXX SDMA Test is a kidney test proven to ... (01/10/2018)
    • New York City Plans New, $400 Million Public-Health Lab - As a result, a decommissioned parasitology lab is used as a break room. Technicians now work in spaces that often have poor access to testing equipment, forcing them to package up their samples just so they can go down the hall or to another floor to get ... (01/09/2018)
    • Bend testing lab buys stake in Berkeley firm - A Bend-based marijuana testing and consulting company has acquired a majority interest in a California testing lab. Evio Inc., which owns a testing lab in Bend on O.B. Riley Road, announced its acquisition of C3 Labs LLC on Tuesday, a day after legal ... (01/02/2018)

    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

    Growth Opportunities / Competitive Threats

    Companies in other industries may also sell similar products. Since there is an overlap in the customer base, there may be an opportunity for companies in Testing Laboratories to sell additional products/services offered by these adjacent industries. Alternatively, these industries may identify further products in this industry to target. Products most at risk are those with the highest profit margins and lowest barriers to entry.

    The following industries are competing channels for sales of similar products/services.

    Engineering Services
    Competing IndustrySales Relative to Testing LaboratoriesOpportunity/Threat
    Research & Development in the Physical, Engineering & Life Sciences
    Engineering Services
    Custom Computer Programming & Software Development Services
    Architectural Services
    Surveying & Mapping Services

    Since sales from Testing Laboratories are a small fraction compared to other industries selling Engineering Services, companies in the Testing Laboratories industry have the opportunity to expand their product offering to take share from these adjacent industries.
    Engineering Services Product Sales Report

    Segments classified within this market research report

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

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