Overview
The 5,200 testing labs in the US perform physical, chemical and other analytical testing services to evaluate products, substances, or systems and provide certification for manufacturers and other industries. Labs may also provide independent data to support a product’s claims.
Dependence On Highly Skilled Workers
Testing labs require the skills of highly educated scientists, engineers, and technicians.
High Capital Requirements
The fixed costs associated with establishing a testing lab can be high.
Industry Financial Benchmarks
Here are typical financial statements for testing laboratories.
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