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

  • Published : September, 2019

  • Rep Id : HC0662

  • Category : Healthcare & Medical Devices

  • Status : Published

A recent report published by Infinium Global Research on the drug of abuse testing market provides an in-depth analysis of segments and sub-segments in the global as well as a regional drug of abuse testing market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional drug of abuse testing market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global drug of abuse testing market. According to the report, the global drug of abuse testing market is projected to grow at a CAGR of 6.8% over the forecast period of 2019-2025.

 

Market Insight

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.

 

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 the 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 owing to the increasing number of clinical laboratories that offer drugs of abuse testing services in this region. Further, favorable government initiatives provide a 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.

 

Segment Covered

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 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.

 

Companies Profiled:

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.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the drug of abuse testing market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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