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Drug Abuse Testing Market To Hit $11.83 Billion By 2025

January 17th, 2019 Allied Market Research Releases

The global drug abuse testing market was valued at $6,244 million in 2017 and is projected to reach $11.83 billion by 2025, growing at a CAGR of 8.2% from 2018 to 2025.

“The growing availability of forbidden drugs, change in lifestyle of younger consumers, advancements in analyzer technology, and increased focus on creating awareness of the effects of drug abuse and importance of drug screening drive the growth of the global drug abuse testing market.”

Get Report Sample: https://www.alliedmarketresearch.com/request-toc-and-sample/112

Leading market players studied in the research include

  • Drägerwerk AG & Co. KGAA,
  • Hoffmann-La Roche AG,
  • Abbott Laboratories,
  • Siemens AG,
  • Biorad Laboratories, Inc.,
  • Danaher Corporation,
  • Thermo Fisher Scientific, Inc.,
  • Quest Diagnostics Incorporated,
  • Express Diagnostics International Inc.

The surge in awareness regarding drug abuse, stringent regulations regarding drug abuse, and development of innovative drug testing equipment facilitate the growth in the market. However, potential manipulation of drug screening tests and consideration of drug testing as a breach of privacy rights hinder the market growth. On the other hand, technological advancements and untapped potential in emerging economies such as Asia-Pacific and LAMEA create new opportunities in the market.

Rapid testing devices to grow the fastest

Rapid testing devices would register the fastest CAGR of 14.2% from 2018 to 2025, owing to its benefits such as accuracy in results in less time and advent of technologically advanced devices. However, laboratory services accounted for nearly three-fifths of the total market share in 2017 and is expected to maintain its dominance throughout the forecast period. This is due to increase in consumption of alcohol and drugs during office hours, compelling organizations to carry out tests. The research also analyzes consumables and analyzers.

Urine sample type to maintain its lion’s share by 2025

Based on sample type, urine held the major market share in 2017, contributing to 86.16% of the total market share in 2017. This segment is expected to maintain its lion’s share till 2025, owing to lesser cost of urine sample analysis, ease in availability of point of care tests, and presence of parent drugs and/or metabolites in high concentrations. However, the hair segment is expected to register the fastest growth rate with a CAGR 12.0% from 2018 to 2025, owing to advantages such as high resistance to evasion through adulteration or substitution of samples and wide window of detection. The research also analyzes oral fluid, breath, and others.

For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/112

North America to maintain its lead by 2025

North America contributed to more than half of the total market share in 2017 and is expected to maintain its lead till 2025. This is due to expansion of big giants into the region to cater to increase in demand for drug abuse testing devices and products. However, Asia-Pacific is expected to register the fastest growth with a CAGR of 9.7% from 2018 to 2025, owing to different initiatives taken by governments to curb abuse in various fields such as workplaces, sports, and others.

 

Report Segmentation:
By Product & Services Analyzers
Consumables
Rapid Testing Devices
Laboratory Services
Others
By Sample Type Urine
Oral Fluid (Saliva)
Hair
Breath
Others
By End-User Workplaces & Schools
Criminal Justice Systems and Law Enforcement Agencies
Research Laboratories
Hospitals
By Region North America
Europe
Asia-Pacific
LAMEA

 

Scope of the Report:
Report Attribute Details
Market size available for years 2018–2025
Base year considered 2018
Forecast period 2017–2025
Forecast units Value (USD)
Segments covered By Product & Services, By Sample Type, By End User and By Geography
Geographies covered North America, Europe, Asia-Pacific, LAMEA

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Immune Checkpoint Inhibitors Market Expected to Reach $56,530 Million by 2025

Metagenomics Market Expected to Reach $523 Million by 2024

Safety Needles Market Expected to Reach $3,009 Million by 2026

 

Contact

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
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Fax: +1⟨855⟩550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com

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