Use of Drug Testing Likely to Elevate the Global Drug of Abuse Testing Market to USD 3 bn by 2020

Drug of Abuse Testing Market Size, share, Global Revenue, Opportunity and Growth Projected to Grow Ecstatically By 2020; Asserts MRFR Unleashing Industry Forecast

Pune, India - February 18, 2019 /MarketersMedia/ —

Drug of Abuse Test Market Overview

Drug of abuse testing is about diagnosing drug consumption, and requires a thorough assessment. Market Research Future (MRFR) has published a research report about the global drug of abuse testing market that predicts major growth for this market at a 5.3% CAGR (Compound Annual Growth Rate) between 2016 and 2020. In terms of value, the market is expected to worth US $ 3.0 bn by the end of the forecast period.

Latest Industry News

To protect privacy, Oak Creek-Franklin School District is going to start a new random drug-testing program 2019-20 school year, in which oral swabs, not urine cups, will be used to test student-athletes and other school-activity participants. 28 NOV 2018

Despite the absence of any law requiring mandatory drug testing for elementary and high school students, a Filipino leader Sen. Nancy Binay is mulling the idea to establish a comprehensive program for the prevention and treatment of tobacco, alcohol and drug dependents in all high schools, colleges, and 3 NOV 2018

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Analyzing the market structure, this report offers insights about factors affecting the market growth. Estimating the market size and forecasting the revenue, this report covers and observes the competitive developments of market players, which include joint ventures, mergers and acquisitions, new product developments, research and developments (R&D), and strategic alliances. The vital factors contributing to the global drug of abuse testing market’s growth include increased use of drug testing at the organizational level and increased production & trade of illicit drugs worldwide.

Key Players

The key players in the global drug of abuse testing market include Abbott Laboratories (USA), Alere Inc. (USA), Bio-Rad Laboratories Inc. (USA), Laboratory Corporation of America Holdings (USA), Psychemedics Corporation (USA), Randox Laboratories Ltd. (Northern Ireland), Roche Holding Limited (India), Quest Diagnostics (USA), Sonic Healthcare (Australia), and Thermo Fisher Scientific Inc. (USA).

Global Industry Segmentation

The global drug of abuse testing market has been segmented on the basis of samples, test type, and lastly, region. The sample-based segmentation segments this market into hair, saliva, urine, and others. Urine sample segment holds the maximum market share, followed by the saliva sample segment. With the changing technologies related to medical science, hair as a specimen is gaining popularity as an effective way of testing long-term drug use.

By test type, the market has been segmented into laboratory drug testing and onsite screening tests. The onsite testing market holds a market share that is more than double the size of laboratory testing, because it is cost-effective, easy to use, and delivers immediate results.

Regional Analysis

In North America, the usage of cocaine has been declining since 2006, partly due to a sustained shortage. However, more recently, a slight increase in prevalence of cocaine has been observed in the U.S., as there has been an increase in maritime seizures.

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Europe is the second largest market as it has about 24 mn drug users. The important country-specific markets in this region include France, Germany, and the UK. Due to strict law enforcement, the businesses of illicit drugs are not in condition because of which availability is limited. Therefore, the market for drug of abuse testing can grow in Europe.

In Asia Pacific region, cannabis has been estimated to be the most common illicit substance, followed by ecstasy and methamphetamine, with the use of the latter likely to increase in this region during the forecast period. The countries taking major steps to combat drug abuse include China, India, and Japan.

Key Finding

The global drug of abuse testing market is expected to reach $3.0 billion in 2020, mainly driven by increased use of illicit drugs and need of drug abuse testing at organizational level.

Onsite testing market is more than double the size of laboratory testing due to ease of use, cost effectiveness and immediate results.

Urine followed by saliva is the most common specimen used in the drug of abuse testing. Hair as a specimen is also becoming a more effective way for testing long term drug use.

North America was the largest market by geography for drug abuse testing in 2014, with 76.4% share of the total market.

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The report for Drug of Abuse Testing Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance.

The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

About Market Research Future: MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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