Global Drug of Abuse Testing Market by Region, Manufacturers, Product and End Users to 2024

Market Research Nest

Market Research Nest

MarketResearchNest.com adds “Global Drug of Abuse Testing Market Regulatory Status, 20 Company Profile – Forecast to 2024”

PUNE, MAHARASHTRA, INDIA, October 12, 2018 /EINPresswire.com/ — This comprehensive Global Drug of Abuse Testing Market research report includes a brief on these trends that can help the businesses operating in the industry to understand the market and strategize for their business expansion accordingly. The research report analyzes the market size, industry share, growth, key segments, CAGR and key drivers.

The global drug of abuse testing market is projected to cross US$ 5 Billion by 2024. Drugs of abuse testing involve detection of one or more illegal and/or prescribed substances in the urine, blood, saliva, hair, or sweat. The use of illicit drugs is increasing across the globe. According to the United Nations Office on Drugs and Crime, nearly 5% of the global adult population consumed some sort of illicit drug at least once in 2015. The market for drug of abuse testing is driven by strict government norms against illicit drug intake, technological advances in testing equipment, increasing availability of forbidden drugs, and growing emphasis on work place screening among the urban population. On the other hand, legalization of drugs and lack of skilled technicians for drug of abuse testing are a few restraints hampering the growth of the market.

Geographically, this report is segmented into several key Regions, with production, consumption, revenue, market share and growth rate of Drug of Abuse Testing in these regions, from 2013 to 2024 (forecast), covering

• North America accounted for largest share of the global drug of abuse testing market.
• Europe holds second largest share of the global drug of abuse testing market.
• Asia Pacific drug of abuse testing market is projected to grow at the highest CAGR during the forecast period due to increasing drug addiction in the region.
• The emerging economies like China and India offer good opportunities for drug testing equipment market in Asia Pacific region.
• The drugs of abuse testing market in Middle East and Africa (MEA) is projected to display tremendous growth during the forecast period.
• In South and Central America, use of cocaine remains high, especially in South America.

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By Product Type – Global Drug of Abuse Testing Market
• Consumables are the largest segment of the drug of abuse testing market.
• The Equipment segment accounted for over 40% share of the drugs of abuse testing market.
• Amongst the equipment, immunoassay analyzers held the largest market share in 2017.

By Sample/Test Type – Global Drug of Abuse Testing Market
• The urine sample type segment accounted for major share of the global drugs of abuse testing market in 2017, followed by blood segment.
• Oral fluid sample type segment accounted for third highest share of the global drugs of abuse testing market in 2017.
• Hair and Sweat sample type segments are competing very closely with each other to grab maximum share of the global drugs of abuse testing market.

By End Users / Setting Type – Global Drug of Abuse Testing Market
• The largest drug testing is done at the employment setting, followed by criminal justice system.
• Lab based drugs of abuse testing accounted for around 15% share of the total market in 2017.
• Home OTC drugs of abuse testing held least share of the total market.

This 142 Page report with 56 Figures and 7 Tables has been studied from 8 View Points:
• Global – Drug of Abuse Testing Market and Forecast (2013 – 2024)
• By Product Type – Global Drug of Abuse Testing Market and Forecast (2013 – 2024)
• By Sample/Test Type – Global Drug of Abuse Testing Market and Forecast (2013 – 2024)
• By End Users / Setting Type – Global Drug of Abuse Testing Market and Forecast (2013 – 2024)
• By Region – Global Drug of Abuse Testing Market and Forecast (2013 – 2024)
• Regulatory Status
• Global Drug of Abuse Testing Market – Driving Factors and Challenges
• Company Profile

Global Drug of Abuse Testing Market – By Product Type
1. Consumables Market
• Rapid Test Kit
• Others
2. Equipment Market
• Immunoassay Analyzer
• Chromatography Instrument
• Breath Analyzer

iGATE RESEARCH report titled "Global Drug of Abuse Testing Market (By Product Type, Sample/Test Type, End Users / Setting Type, Region), Regulatory Status, 20 Company Profile – Forecast to 2024" provides a comprehensive assessment of the fast-evolving high growth drug of abuse testing market.

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Global Drug of Abuse Testing Market – By Sample/Test Type
• Urine
• Blood
• Oral Fluids
• Hair
• Sweat
• Others

Global Drug of Abuse Testing Market – By End Users / Setting Type
• Employment Testing
• Lab based
• Professional POC
• Home OTC
• Criminal Justice.

Global Drug of Abuse Testing Market – By Region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Central and South America

Global Drug of Abuse Testing Market – Regulatory Status
Workplace Drug Testing
• United States
• Australia
• New Zealand
• Brazil
• Turkey
• Europe

Global Drug of Abuse Testing Market – 20 Company Profile
• Thermo Fisher Scientific Inc
• F. Hoffmann-La Roche Ltd
• Abbott Laboratories Inc
• Quest Diagnostics
• Siemens AG
• Laboratory Corporation of America (LabCorp)
• Danaher Corporation
• United States Drug Testing Laboratories, Inc. (USDTL)
• Alere (Now Abbott)
• Agilent Technologies, Inc.
• LGC Limited
• Randox Testing Services
• Sonic Healthcare
• Bio-Rad Laboratories, Inc
• Psychemedics Corporation
• Drägerwerk AG and Co. KGaA
• Express Diagnostics Int'l, Inc
• OraSure Technologies Inc
• Alfa Scientific Designs, Inc
• Biophor Diagnostics, Inc

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Industry Analysis:
The pharmaceuticals & healthcare industry has witnessed some of the major breakouts thus increasing the average life expectancy of Humans.

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Source: EIN Presswire