P&S Market Research releases a new research report with market overview, trends, DRO analysis, market segmentation, market size and forecast, porter analysis, recent developments, competitive scenario and top competitor profiles in:
Global Industry Insight: Drug of Abuse Testing Market (DOA) Development and Demand Forecast to 2020
Explore Report Description with detailed TOC :
The worldwide drug of abuse testing market (DOA) is expected to value at $3.9 billion in 2020. Two main drivers leading to growth of drug of abuse market are a significant increase in the use of illicit drugs and rising need for drug testing at organizational level. The market is expected to grow at a CAGR of 5.3% during 2015 to 2020. North America, the largest market by size in the drugs of abuse testing, is expected to grow at a CAGR of 5.8% during 2015 to 2020.
Several countries in America and Europe are using drug screening tests at various organizational levels, such as on the spot drug/alcohol screening, pre-employment screening, post incident drug/alcohol screening and abstinence monitoring. Government regulations in these countries are also supporting the growth of drugs abuse testing market, mainly through practice of drug testing at workplace. The number of strategic collaborations, mergers and acquisitions in the drug of abuse testing market is increasing globally for enhancing the quality, performance and portfolio of products.
Enquiry Before Purchase:
A major factor leading to the rise of drug of abuse testing has been the increased use of illicit drugs. 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. A major key challenge faced by the drug of abuse testing market is the failure to spot designer drugs such as LSD, Rohypnol and ecstasy.
Drug of abuse testing market can be segmented into two categories based on type of tests; laboratory based drugs of abuse tests and onsite drugs of abuse tests. The North American laboratory as well as onsite testing market has increased with more than 5.0% CAGR over the period 2011 to 2014, with onsite market standing at double the size of the laboratory testing market. The most common samples used for onsite testing are urine, saliva and hair. Nowadays, commercially available onsite drugs of abuse screening test kits are usually designed for urine and saliva specimens.
With North America being the largest region for drug of abuse testing, Europe comes second. In Europe, onsite testing had a market size of $346.1 million in 2014 and it is expected to grow at a faster rate than laboratory testing market during the period 2015 to 2020.
The major companies operating in the drug of abuse testing market include 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.
Request For Report Sample:
Drug of Abuse Testing Market segmentation
Drug of Abuse Testing Market by type of tests
Drug of Abuse Testing Market by Sample
Drug of Abuse Testing Market by Region
- North America
- The U.S.
- The U.K.
- Asia Pacific
P&S Market Research is a global market research and consulting company. We provide market research reports, industry reports, business intelligence and research based consulting services across a range of industries.
With the help of our professional corporate relations with various companies, our market research offers the most accurate market forecasting. Our analysts and consultants interact with leading companies of the concerned domain to substantiate every single data presented in our publication. Our research assists our client in identifying new and different windows of opportunity and frame informed and customized strategies for expansion in different regions.
Company Name: P&S Market Research
Contact Person: Ms Somya
Email: Send Email
Phone: +1-888-778-7886 (USA/Canada)
Address:347, 5th Ave. #1402
City: New York City
Country: United States