Drugs Of Abuse Testing Services Market Size Rising At Cagr Of 5.5% By 2028: Global Industry Brief Analysis Of Top Countries Data, Recent Trends.

nikhil.morankar

Growing government initiatives to reduce drug abuse levels, increasing production, trade, and consumption of illegal substances, and rising cases of drug mortalities are a few factors boosting global market growth 

Market size: USD 2.6 Billion 2020, Market Growth: CAGR of 5.5%, Market Trends: Growing adoption of automated drug abuse testing devices

The Global Drugs Of Abuse Testing Services Market size is expected to reach USD 3.92 billion by 2028 and register a CAGR of 5.5% according to the latest report by Reports and Data. Growing consumption of alcohol, illegal drugs, and recreational chemicals, increasing awareness about drug of abuse tests and their increasing usage for medical and legal purposes are key factors driving global market revenue growth.

Drugs of abuse (DOA) testing is a clinical detection method used for detecting one or more drugs by sample testing of various samples such as hair, blood, sweat, urine, and breath. Growing demand for drugs of abuse testing at public and private workplaces and availability of advanced drug abuse testing techniques are boosting global market growth. In addition, increasing government programs to overcome drug abuse, strict government regulations for illicit drug consumption, and rising investments by market players to develop sensitive drug testing kits to detect designer drugs are boosting market growth.

However, inability of some tests to detect low doses of designer drugs, legalization of illicit drugs in some countries, and absence of clear rules for workplace drugs of abuse testing are some factors that are expected to hamper growth of global drug of abuse testing services market to a certain extent over the forecast period.

Get a sample of the report @ https://www.reportsanddata.com/discount-enquiry-form/4055

Some key highlights in the report:

  • Among the product and services segments, the analyzers segment is projected to account for significant revenue growth between 2021 and 2028 owing to various features such as easy handling and quick and precise screening.
  • Based on sample type, the urine segment is expected to account for largest market share during the forecast period. In-expensive urine analysis, increasing quantity of sample, and easy access to POC testing are key factors fueling segment growth.
  • Among the end-use, the forensic laboratories segment is expected to account for substantial revenue growth over the forecast period. Rising prevalence of substance abuse and growing need to detect unknown drugs is fueling segment revenue growth.
  • Asia Pacific is expected to account for significant revenue growth throughout the forecast period owing to factors, such as rising organization agreements regarding workplace drug of abuse testing, increasing consumption of various drugs, and growing trade of illicit drugs.
  • North America is expected to account for robust revenue growth during the forecast period. High revenue share is attributable to factors, such as increasing cases of substance abuse, government programs to control drug of abuse, and availability of well-established healthcare systems equipped with latest testing kits and services.
  • Leading players operating in the drug of abuse testing market include Danaher Corporation, Siemens Healthineers AG, Drägerwerk AG & Co. KGaA, F. Hoffmann-La Roche Ltd, Quest Diagnostics Inc., LabCorp, Abbott Laboratories, and ThermoFisher Scientific Inc., Clinical Reference Laboratory (CRL), Inc., Legacy Medical Services, DrugScan, Omega Laboratories, Inc., Mayo Clinic Laboratories, Precision Diagnostics, American Substance Abuse Professionals (ASAP), Inc., United States Drug Testing Laboratories (USDTL), Inc. and LGC Group.

Request a discount on the report @ https://www.reportsanddata.com/discount-enquiry-form/4055

For this study, Reports and Data has segmented the global drug of abuse testing services market based on Drug Type, Products & Services, Sample Type, End-Use, and Region:

Drug Type Outlook (Revenue, USD Billion, 2018 – 2028)

  • Alcohol
  • Cannabis/Marijuana
  • Cocaine
  • Opioids
  • Amphetamine & Methamphetamine
  • LSD
  • Others

Product & Services Outlook (Revenue, USD Billion, 2018 – 2028)

  • Analyzers
    • Immunoassays Analyzers
    • Chromatographic Devices
    • Breath Analyzers
  • Consumables
  • Rapid Testing Devices
    • Urine Testing Devices
    • Oral Fluid Testing Devices
  • Laboratory Services

Sample Type Outlook (Revenue, USD Billion, 2018 – 2028)

  • Urine
  • Oral Fluid (Saliva)
  • Hair
  • Breath
  • Others

End-Use Outlook (Revenue, USD Billion, 2018 – 2028)

  • Hospitals
  • Diagnostic Laboratories
  • Law Enforcement Agencies
  • Forensic Laboratories
  • Others

To know more about the report @ https://www.reportsanddata.com/report-detail/drugs-of-abuse-testing-services-market

Regional Outlook (Revenue, USD Billion, 2018 – 2028)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Rest Of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Rest of LATAM
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of MEA

Key Points Covered by the Report:

  • The report offers a comprehensive overview of the global Drugs of Abuse Testing Services Market along with the idea about the content of the research study
  • The report offers strategic recommendations to both established and novice players to aid in fortifying their presence
  • The report presents insightful data to the companies to help them gain maximum returns on their investment and formulate new investment strategies
  • It provides a comprehensive overview of the competitive landscape to offer a competitive edge to the readers
  • The report covers an extensive regional analysis to impart a better understanding of the spread of the market in key geographies of the world
  • In-depth analysis of the current and emerging market trends and drivers and restraints
  • An 8-year comprehensive forecast for the Drugs of Abuse Testing Services market on the global and regional scale
  • Thorough SWOT analysis and Porter’s Five Forces analysis

Request customization of the report @ https://www.reportsanddata.com/request-customization-form/4055

Table of Content:

Chapter 1 Methodology and Scope
1.1 Market segmentation & scope
1.2 Market definition
1.3 Information procurement
1.3.1 Purchased database
1.3.2 Internal database
1.3.3 Secondary sources & third party perspectives
1.3.4 Primary research
1.4 Information analysis
1.4.1 Data analysis models
1.5 Market formulation & data visualization
1.6 Data validation & publishing
Chapter 2 Executive Summary
2.1 Market Outlook
2.2 Segment Outlook
2.3 Competitive Insights
Chapter 3 Drug of Abuse Testing Services Market Variables, Trends & Scope
3.1 Market Lineage Outlook
3.1.1 Parent Market Outlook
3.1.2 Ancillary Market Outlook
3.2 Penetration and Growth Prospect Mapping
3.3 Market Dynamics
3.3.1 Market driver analysis
3.3.1.1 High prevalence of substance abuse & growing demand for its treatment
3.3.1.2 Increase in government initiatives to monitor substance abuse
3.3.1.3 Stringent law mandating alcohol and drug testing
3.3.2 Market Restraint Analysis
3.3.2.1 Drug testing is considered a violation of privacy rights in some countries
3.3.2.2 Lack of awareness about sepsis
3.3.3 Market Opportunity Analysis
3.3.3.1 Focus on development of innovative testing services
3.4 Drug of Abuse Testing Services Market Analysis Tools
3.4.1 Industry analysis – Porter’s
3.4.1.1 Supplier Power
3.4.1.2 Buyer Power
3.4.1.3 Substitution Threat
3.4.1.4 Threat from new entrants
3.4.1.5 Competitive Rivalry
3.4.2 PESTEL Analysis
3.4.2.1 Political Landscape
3.4.2.2 Environmental Landscape
3.4.2.3 Social landscape
3.4.2.4 Technology landscape
3.4.2.5 Legal Landscape
Chapter 4 Drug of Abuse Testing Services Market – Competitive Analysis

Continued…

Thank you for reading our report. To inquire about customization or any query about the report, please get in touch with us. Our team will make sure the report is best suited to your needs.

Have a Look at Related Reports:

Dental Autoclaves Market Trends

Cyanocobalamin Market Growth

DNA Sequencing Market Keyplayers

DNA Sequencing Market Share

Cyanocobalamin Market Size

Cyanocobalamin Market Demand

https://thetrustedchronicle.com/
Next Post

Hematologic Malignancies Market Growth Is Driven By Growing Prevalence Of Neurological Disorders And Other Chronic Diseases | Reports And Data

The Global Hematologic Malignancies Market size is expected to reach USD 120.56 Billion by 2028 at a CAGR of 10.7%, according to the latest report by Reports and Data. Rising prevalence of blood cancer, presence of strong pipeline therapeutics, and increasing expenditure in healthcare sector are key factors expected to drive market […]
Acoustic Wave Sensor Market

Subscribe US Now