Drug of Abuse Testing Market is likely to register a CAGR of 7.77% and is projected to reach USD 6,673.3 Million by 2025. Drug of abuse testing is based on diagnosing drug addiction, also called substance use disorder, requiring a thorough evaluation and often includes an assessment by a psychiatrist, a psychologist, or a licensed alcohol and drug counselor. Blood, urine, or other lab tests are used to assess drug use, but they’re not a diagnostic test for addiction. These tests may be used for monitoring treatment.
Several factors such as increased use of drug testing at an organizational level, growing production and trade of illicit drugs worldwide, rise in road accidents and death rates, and the rise in the consumption of illegal drugs are driving the growth of the market. However, the inability of testing products to detect low-dose designer drugs, social issues associated with drug abuse testing, and legalization of drugs are a threat to the growth of the market.
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Market Dynamics
Drug testing in the workplace has traditionally been conducted using collection and analysis of urine. Urine as a specimen for drug testing allows for a long window of detection. Drug of abuse testing has been increasingly used by the American and European organizations at various levels like pre-employment screening, random drug/alcohol screening, post-incident drug or alcohol screening, and abstinence monitoring. Testing has become mandatory for multiple national and international organizations such as the International Olympic Committee (IOC), International Sports Federation (ISF) and National Olympic Committee, to stop drug abuse in sports. Thus, the market is projected to grow at a steady rate during the forecast period.
Segmentation
Based on the type of test, the global drug of abuse testing market has been segmented into onsite screening test and laboratory drug testing. The onsite screening test segment held a market share of 71.62% in 2018. Based on the sample, the global drug of abuse testing market has been segmented into by urine, saliva, hair, and others.
Key Players
The Major Players in the Global Drug Of Abuse Testing Market are Quest Diagnostics (US), Laboratory Corporation of America Holdings (LabCorp) (US), Abbott Laboratories (US), Randox laboratories (UK), Bio-Rad Laboratories, Inc. (the US), Sonic Healthcare (Australia), F. Hoffmann-La Roche Ltd (Switzerland), and Thermo Fisher Scientific, Inc. (US).
Some of the key strategies followed by the players operating in the global drug of abuse testing market were mergers, acquisitions, and new product launches.
Regional Analysis
The Global Drug of Abuse Testing Market, on the basis of region, is divided into North America, Europe, Asia-Pacific, and the rest of the world. The North American region is projected to dominate the global drug of abuse testing market. The growth is mainly attributable to the increasing use of illicit drugs in the region. In order to reduce the cases of drug abuse, the US government has been taking various initiatives like mandatory drug testing in multiple departments including defense, oil, and gas, mining and department of transportation (DOT). Drug testing has also been made a mandatory process in educational institutions.
The European market for drug of abuse testing is projected to be the second-largest during the forecast period. The broad market size of the region is a result of government initiatives to curb abuse and increasing alcohol-related accidents in the region, which leads to a greater emphasis on the use of testing equipment.
Asia-Pacific is the fastest-growing market for drug of abuse testing. This owes to the rise in alcohol consumption and strict government rules and regulations about testing drug consumption in the region.
The rest of the world is expected to grow at a steady rate due to the increasing awareness created by public and private organizations.
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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 global drug 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.
Increasing concern about drug usage among parents has led to an increasing demand for home kits that can be used by parents or other guardians to check whether their ward has consumed drugs.Get Sample Copy of Report @ https://www.marketresearchfuture.com/sample_request/1930 However, while drug of abuse testing equipment can indicate whether an individual has consumed the drug within a specific timeframe, they can’t reveal addiction patterns.
This is likely to be a key restraint against the global drugs of abuse testing market over the forecast period.Competitive Landscape:Several companies are impacting the global drug of abuse testing market.
These companies are Laboratory Corporation of America Holdings, Quest Diagnostics, Roche Holding Limited, Alere Inc., Randox Laboratories Ltd, Sonic Healthcare, Abbott Laboratories, Bio-Rad Laboratories, Inc, Thermo Fisher Scientific Inc., Psychemedics Corporation, and others.
The onsite screening test is gaining much prominence due to the implementation of stringent government technologies.
The latest industry intelligence report on the Clinical Laboratory Services Market performs a cautious examination of the current business environment and competitive landscape of the Clinical Laboratory Services market for the forecast period, 2020 - 2027.
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The different facets of the business based on parameters including new launches, acquisition and mergers and new entrants are discussed extensively during the study.Some key takeaways from the report The Clinical Laboratory Services market study for the forecast period, 2020 to 2027 discusses the prominent vendors catering to the specific demands of the customers?This research considers long-term factors that will impact the realized product sales?Subject matter experts take an aggregate as well as a long-run view of all various products and services involved.The valuable document captures the actual sales data?Industry experts produce estimated for demand and supply worldwide including regional and national Clinical Laboratory Services market.Determining the market size An important part of this study of the Clinical Laboratory Services market for the forecast period, 2020 to 2027 is the assessment of the market size.
The analysis of trends further uncovers whether an alternate solution or a product is in the pipeline and available in the market.This section covers other aspects:Evaluation of static market sizingA closer look at the competitionResult derived from the bottom –up assessmentData on top-down Clinical Laboratory Services market sizingExtensive coverage of segments and sub-segments of the industryRegional Outlook (Revenue in Million USD; 2016–2026)North AmericaEuropeAsia PacificMiddle East & AfricaLatin AmericaBy Specialty Outlook (Revenue in Million USD; 2016–2026)Clinical Chemistry TestingMicrobiology TestingCytology TestingImmunology TestingHematology TestingHuman and Tumor Genetic TestingDrug Abuse TestingOther Esoteric TestsAvail this report at Attractive Discount rates!
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Market Size Split by Type
Market Size Split by Application
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Global Drug of Abuse Testing Market by Type of Test (Onsite Screening Test and Laboratory Drug Testing), By Sample (Urine, Saliva, Hair, and others) and Region (North America, Europe, Asia-Pacific and the Rest of the World) - Forecast till 2025The report presents a detailed analysis of Drug of Abuse Testing Market by providing readers with a comprehensive overview of the market’s historical trajectory.
The leading drivers and restraints affecting the global prostate cancer market are assessed in detail in the report.
The historical impact of these drivers and restraints is analyzed in context of the current impact of these factors and projections are made for the likely impact of these drivers and restraints over the forecast period.Major Key PlayersTo gain a substantially large competitive advantage, these players incorporate strategic initiatives such as mergers & acquisitions, collaboration, expansion, and product launch.Quest Diagnostics (US), Laboratory Corporation of America Holdings (LabCorp) (US), Abbott Laboratories (US), Randox laboratories (UK), Bio-Rad Laboratories, Inc. (the US), Sonic Healthcare (Australia), F. Hoffmann-La Roche Ltd (Switzerland), and Thermo Fisher Scientific, Inc. (US).Drug of Abuse Testing Market report offers insights into the leading market players and presents an assessment of their current market position.
Company information with regards to revenue, segmental share, geographical income, SWOT, growth strategies, new product launch, M activities, and the latest R initiatives is also available in the reportMarket Segment AnalysisGlobal Drug of Abuse Testing Market, by Type of TestOnsite Screening TestLaboratory Drug TestingGlobal Drug of Abuse Testing Market, by SampleUrineSalivaHairOthersIntended AudienceBiopharmaceutical companiesGovernment research organizationsHospitals and clinicsRegulatory agenciesPharmaceutical companies Chapters for This Drug of Abuse Testing Market Study: -Chapter 1: to describe Global Drug of Abuse Testing Market Introduction, product scope, market overview, market opportunities, market risk, market driving force;Chapter 2: to analyze the top manufacturers of Global Drug of Abuse Testing Market, with sales, revenue, and price of Global Drug of Abuse Testing Market.Chapter 3: to display the competitive situation among the top manufacturers, with sales, revenue and market share in Forecasted Time.Chapter 4: to show the Global Drug of Abuse Testing Market by regions, with sales, revenue and market share of Global Drug of Abuse Testing Market, for each region, during the forecast period.Chapter 5, 6, 7, 8 and 9: to analyze the key regions, with sales, revenue and market share by key countries in these regions;Chapter 10: to show the market by type and application, with sales market share and growth rate by type, application, Methodology, Analyst Introduction, Data Source By MRFRBrowse Full Report Page Enabled with complete Table of Content at https://www.marketresearchfuture.com/reports/drug-abuse-testing-market-1930 Regional AnalysisGeographically, the global Drug of Abuse Testing Market has been divided by Regions/Countries, this report coversUnited StatesEuropeChinaJapanSoutheast AsiaIndiaCentral & South AmericaAbout Market Research Future: MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.Contact:+1 646 845 9312 | Email: [email protected]
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