Toxicology testing refers to the identification and characterization of toxicity of drugs which can have adverse effect and help in guiding individual patient during the course of treatment. Toxicology testing laboratories perform diagnosis of numerous controlled substances for excessive consumption with the help of suspect samples such as urine, hair, blood, and oral fluids.
Key features of the study:
• This report provides in-depth analysis of the North America Toxicology Laboratories Market  and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2019–2027), considering 2018 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategy adopted by key players
• It profiles key players in the global North America Toxicology Laboratories Market  based on the following parameters – company overview, financial performance, product portfolio, market presence, distribution strategies, key developments, strategies, and future plans
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North America Toxicology Laboratories Market: Drivers
Increasing awareness about conventional toxicology testing devices is expected to boost growth of North America toxicology laboratories market over the forecast period. The demand for conventional toxicology testing devices is high in the U.S. and Canada, owing to large consumption of controlled substances in these countries. Most of the publically funded toxicology laboratories (forensic laboratories) are dependent on conventional testing equipment. This is due to the high performance offer by these devices at a minimal cost. Toxicology laboratories in hospitals and diagnostic testing centres rely strongly on conventional technologies, due to the cost benefits.

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Introduction of point-of-care toxicology testing devices is expected to hamper growth of North America toxicology laboratories market. Increasing abusive consumption of controlled substances has led to high demand for handheld toxicology testing devices. This in turn has led companies to focus on developing point-of-care toxicology testing devices. Commercialization of point-of-care toxicology testing devices would eventually capture the market share of conventional toxicology laboratories, which in turn may adversely impact the market growth. For instance, in April 2019, Neogen launched a portable version of its Raptor Integrated Analysis Platform that offers the option of performing mycotoxin testing in the laboratory — or wherever a tester may choose.

Moreover, limited efficacy of conventional techniques is also expected to hinder growth of the market. Conventional toxicology testing requires an individual to undergo a confirmatory test, owing to its limited efficacy. This in turn increases the overall cost of the technique. Such limited efficacy of conventional toxicity testing techniques has led to their decreasing demand in crucial drug testing in which least amount of sample is collected.

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