Drug of Abuse Testing Market to be US$ 4.8 Billion by 2024

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Drug of Abuse Testing Market will be more than US$ 4.8 Billion opportunity by the end of year 2024. The market will grow due to growing drug users, raising use of drug of abuse testing in the companies, growth in cocaine uses and increase in government and non-government institutions initiatives globally. During 2006 to 2015, global drug user’s growth has grown nearly 23 percent. Opioids are one of the most dangerous drug type. Miss-use of pharmaceutical opioids has increased opioids related mortality in United States. United States is the leading country for opioids drug related deaths globally.
Drug trafficking, mainly the cocaine and synthetic drugs are one of the driving forces for this market place as it has slowly but steadily crossing the countries boundaries and geographical regions. For the first time in 2015, methamphetamine intercepted quantity in East and South-East Asia is higher than North American region. Drug of abuse testing is a method to detect drug addict person. It can perform by various methods such as urine testing, blood testing, oral testing and hair testing.

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Renub Research report titled “Drug of Abuse Testing Market Global Forecast by Products (Consumable, Equipment - Immunoassay Analyzers, Breath Analyzers), Test Types (Urine, Blood, Oral, Hair), End Users/Setting Types (Employment, Lab based, Professional POC, Home OTC, Criminal Justice), Regions (North America, Europe, Asia Pacific, Middle East & Africa, Central & South America), Companies (Thermo Fisher Scientific, Abbott Laboratories, Quest Diagnostics, Laboratory Corporation of America (LabCorp), Danaher Corporation)” studies the global drug of abuse testing market and provides an all-encompassing analysis of the key growth drivers and challenges, market trends, key players and their projections for the future.

By Products - Market Segmentation
Global drug of abuse testing market has been segmented by products as consumable and Equipment market. Consumable is playing major roles in global drug testing market. Immunoassay and Breath Analyzer are two most popular products in equipment segment.

By Test Types - Urine Control Majority Share
Global drug of abuse testing market report has been studied by test types. Urine Test, Blood Test, Oral Test and Hair Test is covered to define the global market by test types. According to our analysis, we found that urine control majority share in this market place.

By End Users/ Setting Types - Market Segmentation
This report is also studying by end users/setting types such as Employment Testing; Lab Based Testing, Professional POC, Home OTC and Criminal Justice. Global rules and regulation regarding the pre-employment play the major role to boost drug of abuse testing market in the employment segment.

By Region - Market Segmentation
Drug of abuse testing market by region has been segmented into North America, Europe, Asia Pacific, Middle East & Africa and Central & South America. North America is a leading market place as there is large drug addict population, Pre-employment drug testing and increasing criminal cases.

All companies in this report has been covered with the following view points
1. Company Overview
2. Company Initiatives/Strategy
3. Financial Insight

Key Players

Some of the key players in the global drug of abuse testing market include Thermo Fisher Scientific, Abbott Laboratories, Quest Diagnostics, Laboratory Corporation of America (LabCorp), Danaher Corporation.

The report has been analyzed from 8 major viewpoints
1. Products Types
2. Test Types
3. End Users/Setting Types
4. Regulatory Status
5. Regions
6. Company
7. Growth drivers
8. Challenges

Segmentation based on Products
• Consumable
• Equipment
• Immunoassay Analyzers
• Breath Analyzers

Segmentation based on Test Types
• Urine
• Blood
• Oral
• Hair

Segmentation based on End Users/Setting Types
• Employment
• Lab based
• Professional POC
• Home OTC
• Criminal Justice

Segmentation based on Region
• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• Central & South America

Companies Analysis
• Thermo Fisher Scientific
• Abbott Laboratories
• Quest Diagnostics
• Laboratory Corporation of America (LabCorp)
• Danaher Corporation.

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