At-Home Drug of Abuse Market – Analysis and Forecast To 2024 | Confirm BioSciences, Abbott Laboratories.


Posted March 24, 2020 by Goal_T

Drug of abuse is illegal drugs which are taken for the non-medical purpose. Testing of drugs of abuse is done with the help of samples of urine, hair, saliva, etc.

 
Drug of abuse is illegal drugs which are taken for the non-medical purpose. Testing of drugs of abuse is done with the help of samples of urine, hair, saliva, etc. The global at-home drug of abuse market is growing at a significant rate, due to the mounting usage of illegal drugs among teenagers, and augmented manufacture and exchange of illicit drugs.

The different products such as rapid drug of abuse test kits and breath analyzers contributed to the at-home drug of abuse market size. The market has witnessed a high demand for rapid drug of abuse test kits due to an upsurge in acceptance of several types of rapid DOA test kits and the existence of a huge number of manufacturing players.

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Mounting alertness about DOA testing, amplified usage of the drug of abuse tests for lawful and medical purposes, and alternative substance addiction are also facilitating the growth for the at-home drug of abuse market.

Certification of illicit drugs, the incompetence of testing products to identify exclusive drugs, and social issues related to substance usage testing are the major challenges for the growth of at-home drug of abuse market.

Globally, the manufacturing companies trying to enter the at-home drug of abuse market are required to maintain stringent regulatory standards. Moreover, the high level of capital requirement also poses a major barrier to the entry of new players. This offers an edge to the established players in the industry competition.

Geographically, North America is the largest at-home drug of abuse market as in the region the frequency of drug trafficking is increasing. In addition, mounting accessibility of illicit drugs and technological advancement are also up surging growth of the North American at-home drug of abuse market. For instance, according to the Centers for Disease Control and Prevention in 2016, approximately 48.5 million Americans used illicit drugs.

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Key players in the at-home drug of abuse market are catering to the demand of these devices by investing in technologically advanced products in their product portfolio across the globe. In August 2017, Psychemedics Corporation launched a synthetic cannabinoids test. UCP Biosciences Inc. Assure Tech Co. Ltd., Home Health Ltd., Orient New Life Medical Co. Ltd., Confirm BioSciences, Abbott Laboratories, and Psychemedics Corporation are the key players offering at-home drug of abuse.

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Last Updated March 24, 2020