Drug Abuse Testing Market : Global Opportunity Analysis and Industry Forecast, 2018 - 2025


Posted March 27, 2019 by srushtih

Significant rise in incidence of drug abuse across the globe supplement the need for drug abuse testing.

 
Significant rise in incidence of drug abuse across the globe supplement the need for drug abuse testing. Moreover, rise in governmental regulations regarding the tests of drug abuse in various fields such as sports, workplaces and others further boost the growth of the market

According to a new report published by Allied Market Research, titled,"Drug Abuse Testing Market by Product & Service, Sample Type, and End User: Global Opportunity Analysis and Industry Forecast, 2018 - 2025,"the global drug abuse testing market was valued at $6,244 million in 2017, and is projected to reach $11,833 million by 2025, growing at a CAGR of 8.2% from 2018 to 2025.

North America was the leading revenue contributor to the global market in 2017, owing to increase in healthcare investments by manufacturers and surge in R&D expenditure for the development of more precise and accurate drug abuse testing devices. Asia-Pacific is expected to witness the highest growth rate throughout the forecast period, due to increase in awareness regarding the use of drug abuse tests devices by the employers and law enforcement agencies.

Download Sample PDF Brochure of Drug Abuse Testing Market Study at: https://www.alliedmarketresearch.com/request-sample/112

The report provides an extensive competitive analysis and profiles of the key market players, such as Drgerwerk AG & Co. KGAA, Abbott Laboratories, Hoffmann-La Roche AG, Bio Rad Laboratories, Inc., Siemens AG, Thermo Fisher Scientific, Inc., Danaher Corporation, Quest Diagnostics Incorporated, and Express Diagnostics International Inc. The other key players included in the value chain analysis (but not included in the report) are OraSure, Alfa Scientific Designs, Lifeloc, MPD, Inc., Premier Biotech, Shimadzu, Psychemedics, SureHire, CannAmm, and Omega Laboratories.

Drug abuse test is a technique used to determine an individuals scope and degree of drug abuse/alcohol consumption. The test is usually performed for drugs of abuse such as marijuana, cocaine, amphetamines, benzodiazepines, PCP, opioids (narcotics), and others. Overuse of prescribed & illicit drugs is the major driver for the drug abuse testing market.

The drug abuse testing market is growing at a significant pace due to surge in incidence of drug abuse across the globe as well as rise in strict guidelines by the government agencies against the use of drug abuse in various fields including sports, schools, workplaces, and others. Further, leading manufacturers are focusing on the technological advancements in drug abuse test devices that contribute to the market growth. However, lack of awareness and consideration of drug testing as a breach of privacy rights in certain countries restrict the growth of the global market.

The consumables segment by product & service generated the highest revenue in 2017 and is expected to maintain its dominance throughout the forecast period. This is attributed to the use of different consumables for drug testing such as assay kits, sample collection cups, calibrators and controls, and others.

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Based on sample type, the market is classified into urine, oral fluid (saliva), breath, hair, and other samples. Urine sample generated the highest revenue among all the samples. Urine testing has been well established in forensic toxicology with added versatility and easier sample collection.
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Categories Biotech , Health , Medical
Tags analyzers , drug abuse testing market , medical devices , rapid testing devices
Last Updated March 27, 2019