The latest report on “Drug of Abuse Testing Market (Product and Service – Analyzers, Rapid Testing Devices, Consumables, and Laboratory Services; Sample Type – Urine, Blood, Oral Fluids, Hair, Sweat, and Other Sample Types; End User – Workplace and School, Criminal Justice Systems and Law Enforcement Agencies, Research Laboratories, and Hospitals): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025.” The global drug of abuse testing market is projected to grow at a CAGR of 6.8% over the forecast period of 2019-2025.
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Drug abuse is the most common problem in the world. In this, people consume prescribed or illegal drugs/substances at a regular interval. This type of drug consumption harms consumers in the short and medium-term. Further, these types of drugs are used to get psychological satisfaction and get relaxed for some time. The regular consumption of these types of drugs converts the user as a drug addict, which is harmful to the consumers and society. As per the World Health Organization, every year 3.3 million death occurs owing to the illicit use of the alcohol. Moreover, around 31 million persons are suffering from drug use disorder globally.
Growing Stringent Law Mandating Alcohol and Drug Testing and Increasing Government Initiatives Driving the Growing Demand of the Market
The growing influence of social media dissociates the young age people from society this is helping to grow the drug abuse testing market. Furthermore, the growing stringent law mandating alcohol and drug testing and increasing government initiatives driving the growing demand of the market. Additionally, the increasing availability of OTC drugs that contain alcohol in large amounts is boosting the growth of this market.
Further, the growing technological advancements, less time-consuming testing and increased sensitivity are propelling the growth of the market. However, the lack of awareness about the modern drug abuse testing procedure among healthcare professionals, law enforcement authorities in developing countries is affecting the growth of the market for the short term. Moreover, the increasing availability of modern drug abuse testing devices in developing countries through various sales channel is expected to provide a lucrative opportunity for the growth of drug of abuse testing market.
North America Holds the Largest Share for the Drug of Abuse Testing Market
North America holds the largest share for the drug of abuse testing market owing to the increasing number of clinical laboratories that offer drugs of abuse testing services in this region. Further, favorable government initiatives provide growing demand for a drug of abuse testing market in this region. Additionally, the presence of a major market player of drug of abuse testing market is contributing to the growth of this market in the North America region.
The report on the global drug of abuse testing market covers segments such as product and service, sample type, and end-user. On the basis of product and service, the sub-markets include analyzers, rapid testing devices, consumables, and laboratory services. On the basis of the sample type, the sub-markets include urine, blood, oral fluids, hair, sweat, and other sample types. On the basis of end-user, the sub-markets include workplace and school, criminal justice systems and law enforcement agencies, research laboratories, and hospitals.
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The report provides profiles of the companies in the market such as Thermo Fisher Scientific, Siemens AG, Quest Diagnostics Incorporated, LabCorp, F. Hoffmann-La Roche Ltd, Express Diagnostics International, Drgerwerk AG & Co. KGaA, Danaher Corporation, Bio-Rad Laboratories, Inc., and Abbott Laboratories.
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=> Comprehensive analysis of global as well as regional markets of the drug of abuse testing.
=> Complete coverage of all the product type and application segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.