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Drugs of Abuse Testing Market Growth in North America to Dominate due to Widespread Awarenessdrug of abuse testing market is profiled in detail in the report, including an analysis of the market’s leading drivers and restraints, key players operating in the market, and the leading segments holding major shares in the market.
The Global Drugs of Abuse Testing Market Is Expected to Grow at A CAGR of 5.3% Over The Forecast Period From 2016 To 2020, According To A New Research Report From Market Research Future (MRFR).
The historical trajectory of the global drug of abuse testing market is assessed in detail in the report to provide pointers as to the probable growth trajectory of the market over the forecast period. According to the report, the global drugs of abuse testing market is expected to rise to a value of USD 3 billion by the end of the forecast period in 2020.
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Key Players for Drug of Abuse Testing Market:
Some of the key players in this market are: Roche Holding Limited, Quest Diagnostics, Laboratory Corporation of America Holdings, Alere Inc, Abbott Laboratories, Randox Laboratories Ltd, Psychemedics Corporation, Bio-Rad Laboratories, Inc, Sonic Healthcare and Thermo Fisher Scientific Inc.
Key Finding
The global drug of abuse testing market is expected to reach $3.0 billion in 2020, mainly driven by increased use of illicit drugs and need of drug abuse testing at organizational level.
Onsite testing market is more than double the size of laboratory testing due to ease of use, cost effectiveness and immediate results.
Urine followed by saliva is the most common specimen used in the drug of abuse testing. Hair as a specimen is also becoming a more effective way for testing long term drug use.
North America was the largest market by geography for drug abuse testing in 2014, with 76.4% share of the total market
Segmentation:
The global drug of abuse testing market is segmented on the basis of test type and sample type.
By test type, the global drug of abuse testing market is segmented into onsite screening tests and laboratory drug testing. Onsite screening tests are by far the most popular, due to their higher convenience and cost-effectiveness.
On the bases of samples, the drug of abuse testing market is segmented into urine, hair, saliva and others. The urine segment holds the majority share in the global drug of abuse testing market due to the presence of the metabolites of several drugs in urine. The urine segment accounted for 86% of the global drug of abuse testing market in 2015, followed by saliva.
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Industry Updates:
In February 2019, Confirm Biosciences announced that its HairConfirm drug of abuse testing device is now available in retail.
Regional Analysis:
The global drug of abuse testing market is segmented by region into North America, Europe, Asia Pacific, and rest of the world.
North America dominates the global drug of abuse testing market and held a 76.4% share in the overall market in 2015. The stringent enforcement of laws against drug abuse in the U.S. is likely to remain a major driver for the global drugs of abuse testing market over the forecast period, as the U.S. ranks as the top consumer in the global market and is likely to retain the place over the forecast period. Increasing awareness among parents in the U.S. about drug abuse among teenagers is also likely to remain a key driver for the drugs of abuse testing market in North America over the forecast period.
Europe is also likely to be a major regional market for drug of abuse testing over the forecast period due to the increasing emphasis on safe driving and eradicating the illegal drugs trade.
Intended Audience
Drug of abuse testing companies
Drug of abuse testing reagent Manufacturers
Hospitals and Clinics
Diagnostics Centers
National Organizations & Government Organizations
Academic research institutes
Government institutes
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The global drug of abuse testing market is likely to be driven by the growing awareness about drug of abuse testing and the growing use of illicit drugs all over the world. The increasing number of youth consumers falling prey to addictive substances has led to growing government participation in the drug of abuse testing market.
Most governments in the world have come up with and enforce strict drug monitoring policies, which requires large-scale use of drug of abuse testing equipment. This is likely to remain the major driver for the global drug of abuse testing market over the forecast period due to the increasing sophistication of government efforts to fight growing drug usage.
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Website: https://www.marketresearchfuture.com/reports/drug-abuse-testing-market-1930
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