Drug of Abuse Testing Services Market Insights
The global drug of abuse testing services market is expected to grow at a significant rate over the forecast period mainly on account of increasing number of disorders related to overuse of illicit substances and the number of substance abusers. Along with this, stringent laws such as laws for Alcohol & Drug are anticipated to foster demand over the coming years. The increasing government initiatives to reduce incidence of drug abuse at workplace are also projected to stimulate market growth.
Awareness programs in countries such as Malaysia, Iran, North Korea and Saudi Arabia are anticipated to augment market growth over the coming years. However, the low accuracy of the testing devices based on samples of urine, and nails among others and lack of skilled technicians is likely to hinder the market growth over the next eight years.
Drug of Abuse Testing Services Market: Product Insights
By product, the global drug of abuse testing services market is segmented into rapid test kits, assay kits & reagents, immunoassay analyzers, chromatography instruments and breath analyzers. The immunoassay analyzers’ segment is anticipated to register a significant growth rate over the forecast period on account of it being an inexpensive and a more convenient method to test a large number of samples in a variety of matrices.
Drug of Abuse Testing Services Market: Sample / Application Insights
Drug of abuse testing services market finds its application in hospital, laboratory, residential and workplace. The hospital segment is anticipated to occupy the highest share over the years as the majority of drug tests are conducted in hospitals due to the availability of experienced professionals and required equipment.
The market is further segmented into Urine, Saliva, Nails and Hair among others on the basis of sample type.
Drug of Abuse Testing Services Market: Regional Insights
North America occupied the largest market share in the past few years. Favorable government initiatives and growing number of toxicological laboratories is expected to stimulate the regional growth over the coming years.
Asia Pacific is projected to grow at a high CAGR on account of stringent regulation in this region. Demand is expected to rise from Hong Kong, Indonesia, Thailand and China.
Drug of Abuse Testing Services Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Drug of Abuse Testing Services Market: End-Use Landscape
The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase drug of abuse testing services over the coming years. Some leading consumers of this market are McKesson, United Health, Daimler, Amazon and General Electric.
Drug of Abuse Testing Services Market: Market Share & Competitor Analysis
The global market for this product is expected to be significantly large due to the presence of numerous manufacturers. The key players include Laboratory Corporation of America Holdings (The U.S.), United States Drug Testing Laboratories, Inc. (USDTL) (The U.S.), Abbott Laboratories (The U.S.), Alere Inc. (The U.S.), Quest Diagnostics Inc (The U.S.), Siemens Healthcare (Germany), and Randox Laboratories (Crumlin) among others.
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