Published on : Mar 15, 2018
Albany, New York, March 15, 2018: The abuse of drugs can have serious ramifications on a person's physical health, mental health, and overall well-being. In fact, drug abuse is a major problem in the United States. According to a recent study, the country has been taking vigorous efforts to curtail this growing concern and consequently, the demand for equipment and instruments that can test the presence of drugs of abuse is increasing. To elaborate further, Market Research Hub (MRH) has publicized a new study titled to its massive database, which is titled as “Drugs of Abuse Testing Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025”. The report delivers a clear understanding of the market, by presenting historical data and estimated figures till 2025 concerning some prime regions such as North America, Asia-Pacific, Europe, the Middle East and Africa, and Latin America.
Initially, the market overview section of the report explores the market dynamics such as drivers, restraints, and opportunities that currently have a strong impact on the abuse of drug testing market and could influence the market in the near future. It has been analyzed that Drug abuse affects people from all walks of life and all socioeconomic statuses. With its growing consumption, a variety of testing devices are increasing. According to the key findings, the global drugs of abuse testing market is flourishing, with the demand projected to expand at a noteworthy CAGR of 5.4% during the forecast period of 2017 to 2025.
The market for drugs of abuse testing is gaining traction from a number of factors such as advancements in technology of analyzers, increasing the availability of forbidden drugs, and growing emphasis on work place screening among the urban populations. Considering these facts, analysts of the report also evaluates that by the end of 2025, the market is estimated to swell up to US$6,781.6 mn value. In 2017, the opportunities in the market worth US$4,443.9 mn.
From a geographical point of view, the report finds that demand for rapid testing devices in North America is high as the government is regularizing the rules and regulation for illicit drugs consumption. The region is also estimated to gain momentum in this market till 2025.
Furthermore, the study on market segments the global abuse of drug testing market on the basis of product type, testing type, sample type and end-user. By product type, it covers analyzers, rapid testing devices, and consumables. Based on the sample type, the market has been classified into saliva, blood, sweat, hair, and urine and breath. On the other hand, testing type covers pain management testing, criminal justice testing, and work place screening.
The final section of the report deals with the competitive landscape which highlights the key players that are operating in the global drugs of abuse testing market. It includes Abbott Laboratories, Thermo Fisher Scientific Inc., Drägerwerk AG & Co. KGaA, Siemens Healthineers, Laboratory Corporation of America Holdings, F. Hoffmann-La Roche Ltd., and Danaher Corporation (Beckman Coulter, Inc.)
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