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Drug of Abuse Testing Market Industry Analysis, Size, Share, Growth, Trends And Forecast to 2027

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Drug of Abuse Testing Market Industry Analysis, Size, Share, Growth, Trends And Forecast to 2027

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. The historical trajectory of the global drug of abuse testing market is assessed in detail in the report to provide pointers as to the probable growth trajectory of the market over the forecast period. According to the report, the global drugs of abuse testing market is expected to rise to a value of USD 3 billion by the end of the forecast period in 2020.

The global drug of abuse testing market is likely to be driven by the growing awareness about drug of abuse testing and the growing use of illicit drugs all over the world. The increasing number of youth consumers falling prey to addictive substances has led to growing government participation in the drug of abuse testing market. Most governments in the world have come up with and enforce strict drug monitoring policies, which requires large-scale use of drug of abuse testing equipment. This is likely to remain the major driver for the global drug of abuse testing market over the forecast period due to the increasing sophistication of government efforts to fight growing drug usage.

The increasing development of technologically refined, small, portable drug of abuse testing devices is likely to be a major driver for the global drug of abuse testing market over the forecast period. 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. MRFR profiled these companies for a better understanding of the market.

Segmental Analysis:

The global drug of abuse testing market, as studied by MRFR, can be segmented by test type and samples. The analysis gathers data based on volume-wise and value-wise review of the entire market.

Based on the test type, the global drugs of abuse testing market can be segmented into onsite screening test and laboratory drug testing. The onsite screening test is gaining much prominence due to the implementation of stringent government technologies. The segment is double the size of laboratory drug testing segment as it is relatively easy to use, cost-effective, and provides immediate results.

Based on the samples, the global drugs of abuse testing market includes urine, hair, saliva, and others.  The urine segment is getting much traction owing to the feasibility of the sample. The saliva segment is holding the second rank. However, the hair segment is also gaining much traction.  

Regional Analysis:

The global drug of abuse testing market is segmented by region into North America, Europe, Asia Pacific, and rest of the world.

North America dominates the global drug of abuse testing market and held a 76.4% share in the overall market in 2015. The stringent enforcement of laws against drug abuse in the U.S. is likely to remain a major driver for the global drugs of abuse testing market over the forecast period, as the U.S. ranks as the top consumer in the global market and is likely to retain the place over the forecast period. Increasing awareness among parents in the U.S. about drug abuse among teenagers is also likely to remain a key driver for the drugs of abuse testing market in North America over the forecast period.

Get Access Full Report @ https://www.marketresearchfuture.com/reports/drug-abuse-testing-market-1930 

Europe is also likely to be a major regional market for drug of abuse testing over the forecast period due to the increasing emphasis on safe driving and eradicating the illegal drugs trade.

In Asia, the most commonly used substance is cannabis. In the East and South-East Asia, the use of methamphetamine is on the rise. The regional market is the fastest growing region with China and India expected to make the maximum market contribution.

In 2019, a team of researchers from the University of Technology Sydney developed a color-testing method that would help in detecting the presence of all cathinones. The use has been commercialized by the Germany-based company ESA-Test. The method is expected to identify accurately the presence of drugs of abuse. This would simplify the job of police or security personnel in charge of detecting people with drugs.

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