Drugs Abuse Testing Industry Driven by Stringent Government Drug Regulations in North America, Europe Manufacturing Cost Structure and Growth Opportunities 2019 to 2023
Drug of Abuse Testing Industry is profiled in detail in the report, including an analysis of the market’s leading drivers and restraints, key players operating in the market, and the leading segments holding major shares in the market.
The global Drugs Abuse Testing Industry is expected to grow at a CAGR of 5.3% over the forecast period from 2016 to 2020, according to a new research report from Market Research Future (MRFR).
The historical trajectory of the global Drug of Abuse Testing Industry is assessed in detail in the report to provide pointers as to the probable growth trajectory of the market over the forecast period. According to the report, the global Drugs Abuse Testing Industry is expected to rise to a value of USD 3 billion by the end of the forecast period in 2025
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Leading players in the global Drug of Abuse Testing Industry include Roche Holding Limited, Laboratory Corporation of America Holdings, Abbott Laboratories, Psychemedics Corporation, Sonic Healthcare, Thermo Fisher Scientific Inc., Bio-Rad Laboratories Inc., Randox Laboratories Ltd., Alere Inc., and Quest Diagnostics.
The global Drug of Abuse Testing Industry is segmented on the basis of test type and sample type.
By test type, the global Drug of Abuse Testing Industry is segmented into onsite screening tests and laboratory drug testing. Onsite screening tests are by far the most popular, due to their higher convenience and cost-effectiveness.
On the bases of samples, the Drug of Abuse Testing Industry is segmented into urine, hair, saliva and others. The urine segment holds the majority share in the global Drug of Abuse Testing Industry due to the presence of the metabolites of several drugs in urine. The urine segment accounted for 86% of the global Drug of Abuse Testing Industry in 2015, followed by saliva.
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The global Drug of Abuse Testing Industry is segmented by region into North America, Europe, Asia Pacific, and rest of the world.
North America dominates the global Drug of Abuse Testing Industry and held a 76.4% share in the overall market in 2015. The stringent enforcement of laws against drug abuse in the U.S. is likely to remain a major driver for the global Drugs Abuse Testing Industry over the forecast period, as the U.S. ranks as the top consumer in the global market and is likely to retain the place over the forecast period. Increasing awareness among parents in the U.S. about drug abuse among teenagers is also likely to remain a key driver for the Drugs Abuse Testing Industry in North America over the forecast period.
Europe is also likely to be a major regional market for drug of abuse testing over the forecast period due to the increasing emphasis on safe driving and eradicating the illegal drugs trade.
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