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Increasing Production and Consumption of Drugs to Drive Global Drugs of Abuse Testing Market at 4.80% CAGR from 2013 to 2018

Posted on Dec 09, 2015

A new research report published by Transparency Market Research states that the global drugs of abuse testing market is expected to grow in the coming years due to increasing production, trade, and consumption of illegal drugs in the world. The report, titled “Drugs of Abuse Testing Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2018”, is available for sale on the company’s website. The industry experts have compiled a comprehensive report with the help of a SWOT analysis and Porter’s five forces analysis to give accurate information regarding the trends and dynamics in the global drugs of abuse testing market.According to the research report, the global drugs of abuse testing market was valued at US$2.6 bn in 2012 and is expected to be worth US$3.4 bn by 2018, growing at a CAGR of 4.80% from 2013 to 2018.

Browse the full Drugs of Abuse Testing Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2018 report at https://www.transparencymarketresearch.com/drugs-abuse-testing-market.html

The global drugs of abuse testing market is segmented on the basis of technology, location, sample, and geography. The technologies used in the drugs of abuse testing market across the globe are immunoassay and chromatography. On-site screening tests and laboratory drug tests are the two location-wise segments of the global drugs of abuse testing market. The testing is done using samples of hair, urine, saliva, and others. Geographically, this market is segmented into Europe, North America, Asia Pacific, and Rest of the World.

According to analysts, the primary growth driver for the global drugs of abuse testing market is the whopping production of illicit drugs, their unlawful trade, and rising consumption. As these drugs are the underlying cause of several deaths and road accidents, testing for drug abuse and overdose has become an urgent need for several organizations at national as well as local levels. All of these factors have led to a huge demand for drugs of abuse testing.

These factors have prompted companies in North America and Europe to conduct drug screening tests such as pre-employment screening, abstinence monitoring, post-incident drug/alcohol screening, and random drug/alcohol screening. Government regulations supporting the screening of drug abuse at workplaces have also encouraged the drugs of abuse testing market to grow tremendously.

The global drugs of abuse testing market faces certain restraints such as the legalization of certain drugs, economic instability, social inhibitions pertaining to testing illicit drugs, and the high cost of testing.

Some of the important players in the global drugs of abuse testing market are Thermo Fisher Scientific, LabCorp (Laboratory Corporation of America), Abbott Laboratories, Psychemedics Corporation, Sonic Healthcare, Bio-Rad Laboratories, Alere, Roche Diagnostics, Quest Diagnostic, and Randox Laboratories, and. Of these, Roche Diagnostics holds the biggest share in the global drugs of abuse testing market. The research report on the global drugs of abuse testing market gives a detailed explanation of the competitive landscape of the market and shares valuable information regarding the company profile, financial overview, research and development activities, investment outlook, and business and marketing strategies.

The global drugs of abuse testing market is segmented on the basis of:

Segmentation based on technology

  • Immunoassay
  • Chromatography 

Segmentation based on location

  • On-site screening test
  • Laboratory drug test

Segmentation based on sample

  • Urine
  • Hair
  • Saliva
  • Others 

Major geographies analyzed under this research report are: 

  • Europe
  • North America 
  • Asia-Pacific 
  • Rest of the World 

 Browse : Our new press releases https://www.transparencymarketresearch.com/pressrelease/drugs-abuse-testing-industry.htm

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