Drugs of Abuse Testing Market Share, Segments, Trends and Growth by Forecast to 2030
The drug of abuse testing market share is expected to reach USD 9419.56 Million by 2030 at 7.9% CAGR during the forecast period 2022-2030, according to a new research report from Market Research Future (MRFR). A detailed profile of the global drug of abuse testing market is presented in the report, including an analysis of the key players operating in the market, the market’s leading drivers and restraints, and the leading segments holding a dominant share in the market. The past growth trajectory of the global drug of abuse testing market is also examined in detail in the report to enlighten readers as to the likeliest growth trajectory of the market in the forecast period. The global drugs of abuse testing market is expected to rise to a value of more than USD 5 billion by the end of the forecast period in 2025, according to the report.
The growing use
of illicit drugs all over the world and the growing awareness about drug of
abuse testing are the major drivers for the global drugs of abuse testing
market. Due to the growing number of youths becoming addicted to illegal
substances, many governments around the world have come up with strong
anti-drugs policies. Strict enforcement of drug monitoring policies is being
practiced in most countries around the world. This has led to a growing demand
for drugs 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 government efforts to fight growing drug usage.
Technological
refinement of small, portable drug of abuse testing devices is likely to be a
major target for players in the global drug of abuse testing market over the
forecast period. Parents are becoming increasingly concerned about illegal drug
use by their wards, which has led to a growing demand for home-based testing
for drugs. Drug of abuse testing equipment indicates whether drugs have been
consumed within a specific timeframe, but they are not very good at revealing
addiction patterns. This is likely to be a key restraint against the global
drugs of abuse testing market over the forecast period.
Competitive Analysis:
Leading
players in the global drug of abuse testing market include Quest Diagnostics,
Thermo Fisher Scientific Inc., LabCorp, F. Hoffman-La Roche Ltd., Abbott
Laboratories, Sonic Healthcare, Randox Laboratories, and Bio-Rad Laboratories
Inc.
Segmentation:
The global drug of abuse testing market outlook is segmented on the basis of test type and sample type.
By test type, the global drug of abuse testing market is
segmented into drugs of abuse testing laboratory and
onsite screening tests. Onsite screening tests comprise the dominant segment
due to the higher convenience and cost-effectiveness of onsite screening. The
onsite screening tests segment held a dominant 71.62% share in the market in
2018.
On the basis of sample type, the drug of abuse testing market
is segmented into urine, hair, saliva and others. Urine holds a majority
share in the global drug of abuse testing market, as urine contains metabolites
from several types of drugs. Saliva is the second most popular sample type in
the drug of abuse testing market.
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 is the dominant revenue generator in the global drug of abuse testing
market. The U.S. is the top consumer of drug of abuse testing devices and is
likely to retain the position over the forecast period due to the strict
enforcement of anti-drug legislation in the country. Awareness among parents
about drug use among teenagers is also increasing, which is likely to be a key
driver for the drug of abuse testing market in the U.S.
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