Press release
Specimen Validity Testing Market to Witness Huge Growth in 2025 | Key Player Analysis: Premier Biotech, GenomeWeb LLC, Sciteck, Alfa Scientific Designs, America Holdings., Clinical Reference Laboratory, American Bio Medica Corporation, Thermo Fisher Scien
The Insight Partners
North America is expected to dominate the specimen validity testing market in the global arena due to creasing incidences of substance abuse in the workplace and increasing adoption of drug screening tests in the region. However, the Asia-Pacific region is anticipated to show a significant growth rate over the next few years in the global specimen validity testing market due to growing consumption of illicit drugs and increasing government in the region.
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Specimen validity testing (SVT) is the most performed testing that is used to detect the substitution dilution or adulteration in urine. Urine contains a high concentration of parent drugs and metabolites. The main object of specimen validity testing is the use of urine specimen validity test (SVT) for drug abuse testing. The urine drug screening is known as a clinical tool that helps in enhancing the workspace safety, monitoring patient's medication and prescription medication diversion. Moreover, the testing used in drug detection abuse. Specimen validity testing is trusted by government agencies and businesses to be more accurate and scientifically sound for detecting a wide range of prescription and illicit drugs.
The global specimen validity testing market is expected to grow significantly in the coming years, due to the rising number of drug screening laboratories and increasing R&D activities in the region. Moreover, the demand to perform presumptive tests is increasing due to rise in number of drug abuse population. On the other hand, increasing government support to upsurge research activities is likely to add novel opportunities for the global specimen validity testing market over the forecast period.
The "Global Specimen Validity Testing Market Analysis to 2025" is a specialized and in-depth study of the healthcare industry with a focused global market trend. The report aims to provide an overview of global specimen validity testing market with detailed market segmentation by product & services, type, end user and geography. The global specimen validity testing market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.
On the basis of product & services segment, the market is classified as reagents & assay kits, calibrators & controls and disposables. The type market is segmented into laboratory testing and rapid/PoC testing. Based on end user, the specimen validity testing market is classified as pain management centers, workplaces, criminal justice & law enforcement agencies, drug rehabilitation centers, drug screening laboratories and others. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global specimen validity testing market based on product & services, type and end user. It also provides market size and forecast till 2025 for overall hospital lighting market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 13 counties globally along with current trend and opportunities prevailing in the region.
The specimen validity testing market report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the market in these regions.
The specimen validity testing market report also includes the profiles of hospital lighting manufacturing companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years. Some of the key players influencing the specimen validity testing market are Quest Diagnostics Incorporated, Laboratory Corporation of America Holdings., Clinical Reference Laboratory, Inc., American Bio Medica Corporation, Thermo Fisher Scientific Inc., ACM Global Laboratories, Premier Biotech, Inc., GenomeWeb LLC, Sciteck, Inc., Alfa Scientific Designs, Inc. and among others.
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