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Global Drug of Abuse Testing Market Is Expected To Grow $3.9 Billion in 2020: Acute Market Reports

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New Market Research Reports Title “Global Drug of Abuse Testing Market Is Expected To Grow $3.9 Billion in 2020: Acute Market Reports” Has Been Added to AcuteMarketReports.com Report Database.

Drug of abuse testing is based on diagnosing drug addiction, also called substance use disorder, requiring a thorough evaluation and often includes an assessment by a psychiatrist, a psychologist, or a licensed alcohol and drug counselor. Blood, urine or other lab tests are used to assess drug use, but they’re not a diagnostic test for addiction. These tests may be used for monitoring treatment. The testing technologies consist of immunoassay technique and chromatography technique, used for both onsite as well as laboratory testing.

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http://www.acutemarketreports.com/report/drug-of-abuse-testing

Key findings of Drug of Abuse Testing Market:

    The global drug of abuse testing market is expected to reach $3.9 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 market 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. It was followed by Europe with 16.4% share and Asia with a 4.7% share of the total market.

The use of illicit drugs is rising every year globally and has become a big concern for countries including the U.S., the U.K. Japan, Germany, India and China. Illicit drugs in use include heroin, cannabis, cocaine, ecstasy and amphetamine. With a rapid increase in drug trafficking, the need for drugs for abuse testing has been on rise. There are several factors driving the drug of abuse testing market, such as increased drug testing needs at the organizational level, a global rise in the use of illegal drugs and increase in the consumption of illicit drugs.

On the other hand, the drug of abuse testing market is impacted by social concerns attached with workplace drug testing and legalization of various illicit drugs. In November 2012, Colorado and Washington State legalized possession of small amounts of marijuana for private recreational use.

According to data from the UNODC and European crime-fighting agency Europol, the annual global drugs trade is worth around $435.0 billion a year, with the annual cocaine trade worth $84 billion.

On the basis of type of tests, the market is divided into laboratory testing and onsite testing. Laboratory based tests requires skilled and trained personnel for providing detailed analysis. Whereas, onsite drugs of abuse testing provide immediate results. And on the basis of sample used for testing, urine is the preferred sample type. Hair, oral fluid and sweat are the other preferred samples used for drugs of abuse testing.

Major Competitors: Roche Holding Limited, Quest Diagnostics, Laboratory Corporation of America Holdings, Alere, Inc., Abbott Laboratories, Randox laboratories, Psychemedics Corporation, Bio-Rad Laboratories, Sonic Healthcare and Thermo Fisher Scientific are the major players in the global drug of abuse testing market.

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Report Coverage

    Provides comprehensive understanding of the market with the help of informed market outlook, opportunities, challenges, trends, size and growth, competitive analysis, major competitors and Porter analysis
    Identifies the key drivers of growth and challenges of the key industry players. Also, assesses the future impact of the propellants and restraints on the market
    Uncovers potential demands in the market
    Porter analysis identifies competitive forces within the market
    Provides information on the historical and current market size and the future potential of the market
    Provides sizes of key regional markets using yardsticks of processes, segments, products, end user and technology, etc (as applicable)
    Highlights the competitive scenario of the market, major competitors, market share, benchmarking, investments and merger & acquisitions
    Provides profiles of major competitors of the market including details of their operations, product and services, recent developments and key financial metrics.
    Profiles provide better understanding of competition as well as the demands of the market.

Scope of Report

The research offers Drug of Abuse Testing market size and market forecast for the period 2011 to 2020. The market is breakdown as follows:

GLOBAL MARKET BREAKDOWN

    By type of test – includes global market size of onsite and laboratory testing.
    By type of sample – includes global market size of urine, hair saliva and others.
    By geography – includes market size of North America, Europe, Asia-Pacific and others.

GLOBAL MARKET BREAKDOWN BY TYPE OF TESTS

    North America – includes market breakdown by type of tests in North America and in the U.S.
    Europe – includes market breakdown by type of tests in Europe and countries including the U.K., France and Germany.
    Asia-Pacific – includes market breakdown by type of tests in Asia-Pacific and countries including China, Japan and India.

GLOBAL MARKET BREAKDOWN BY TYPE OF SAMPLE

    Includes global market size breakdown by type of sample.

GLOBAL MARKET BREAKDOWN BY GEOGRAPHY

    North America – includes market size of the U.S. and rest of North America.
    Europe – includes market size of the U.K., France, Germany and rest of Europe.
    Asia-Pacific – includes market size of China, Japan, India and rest of Asia-Pacific.

REASON TO BUY?

    Develop strategies for market entry and expansion by identifying the segments that ensure growth
    Avail tailored research service of 15 hours with the report (without paying any extra cost) for your any specific requirement unmet in the report.
    Gain an overview of the current market situation, historic development, current trends and future outlook of the market in various regions
    Identify new and different windows of opportunity to cover loopholes in the product portfolio and align them as per the markets with a greater growth potential
    Frame informed and customized strategies for each region depending on constraints, trends and patterns of the market in each country
    Create competitive counter- strategies, from data that tracks and analyzes the trends of companies entering and leaving the market
    Evolve effective strategies for marketing as well as production by ascertaining market categories that offer maximum opportunities for consolidations, strategic partnerships and investments
    Identify market players with potentially strong product portfolio for acquisitions or mergers

About Acute Market Reports

Acute Market Reports is the most sufficient collection of market intelligence services online. Acute Market Reports provide online reports from over 100 best publishers and upgrade Acute Market Reports collection regularly to offer direct online access to the world’s most comprehensive and recent database with expert perceptions on worldwide industries, products, establishments and trends. Acute Market Reports database consists of 200,000+ market research reports with detailed & minute market research.

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