Drug testing is one of the most important activities of a state. Year by year, millions of employees, students, and athletes are tested for the presence of drug metabolites and alcohol. Aside from the role of drug testing in indentifying drug addicts and providing solutions to help them quit bad habits, drug testing also serves as a significant part of the business cycle.
People have also come to realize the various business opportunities behind drug testing. In 2007, the drug testing market was able to generate revenue of $1.4 billion. According to the BCC research, the amount is expected to reach $2.0 billion in 2014.
Drug testing business is the term used to describe the process of providing drug testing services to the private and public sectors of the government, in exchange for profit. Drug testing business provides drug testing services for screening devices, defensive tools, and for legal requirement.
The people behind the drug testing industry are also known as service agents or service providers of the drug and alcohol industry.
The drug testing business is a large market. Under this large market, there are small segments, which aspiring businessmen can start with. From a simple beginning of operating one segment, new businessmen can grow few more segments in the future. Some experienced businessmen jump right into providing various services offered by each industry.
Specimen collectors These are people who travel from one place to another to collect biological specimen, such as urine, hair, blood, sweat, and saliva. They work for clients, laboratories, and third party administrators.
Collection Sites These are facilities where specimens go after collection. They can be walk-in clinics, hospitals, or occupational health clinics. Some doctors also build their own offices for drug testing and serve as employers of their own business. These types of facilities are considered to be one of the most potential competitors in drug testing business.
Laboratories The specimens collected from the collection site are tested by the laboratories. Building a laboratory needs a big investment as it requires many things. As of today, the drug testing laboratories that are involved with drug testing include Quest Diagnostics, LabCorp, MEDTOX, and Clinical Reference (CRL).
Substance Abuse Professional They are degree holders that evaluate individuals, who have violated some DOT regulations. Substance abuse professionals give advice, treatment, follow-up testing, and aftercare for addicted people and earn professional fees.
Instant Testing Manufacturers and Distributors These are online or direct suppliers and distributors that sell drug test kits and other testing materials for forensic drug testing or drug testing at home, school, or workplace. They can be independent or affiliated with other drug testing programs, depending on the marketing strategy.
Franchise business model is a type of business, where businessmen market an established company's goods and services. Given the privilege, people behind this type of business sell products of the same brand and operate using a standardized operating system. Since this type of business already has a built-in business formula, it is considered to be more secured than starting an own brand.
Before starting a drug testing business, businessmen usually create a plan on how to go about it. The plan outlines the entire outcome of the business, which will help first timers determine its weakness and strength, and know the techniques to thrive or recover from fall. The following are the necessary preparations for a successful drug testing business.
Clients prefer drug testing business that has exceptional qualities. Since drug testing is linked to different ethical issues of privacy and discrimination, the following are the qualities of a good drug testing business.
Starting up a drug testing business is both risky and wise. Since the issue of drug abuse remains prevalent, businessmen perceive drug testing as a ceaseless business. However, like all other businesses around the world, drug testing business may also have downfalls. The following are the common characteristics of a successful entrepreneur, which will help bring the drug testing business on its peak.