openPR Logo
Press release

Drugs of Abuse Testing Market Growth by 2027 | Quest Diagnostics, F.Hoffmann La-Roche Ltd, Siemens Healthineers (Siemens AG), Thermo Fisher Scientific, Inc., Alere, Inc.

11-09-2018 03:00 AM CET | Health & Medicine

Press release from: Future Market Insights

Drugs of Abuse Testing Market Growth by 2027 | Quest Diagnostics,

Several drugs are easily available over the counter, and a number of people using illicit drugs is very high especially in low income countries. A new research report by Future Market Insights titled ‘Drugs of Abuse Testing Market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment 2017 – 2027’ provides the complete scenario of the drugs of abuse testing market worldwide. The report depicts the drug abuse market as well as the drug abuse testing market in different regions and the factors impacting market growth.

This study further highlights different segments of the market such as the drug class, technique type and end users. According to the research report, the global drugs of abuse testing market is expected to reach a market value of over US$ 2,200 Mn by the end of 2027. The market is expected to grow at a CAGR of 6.1% during the forecast period. Revenue growth of the global market is helped by a rise in the test rates and technological advancements in drug abuse testing. Companies are now focussing on new launches and reducing the costs of drugs of abuse testing drugs in order to gain maximum market share.

Request to View Sample of Research Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-1649

Global Drugs of Abuse Testing Market: Dynamics

The growth of the drugs of abuse testing market is driven by various factors such as a rise in the number of clinical labs and a growing abuse of clinical drugs. Governments throughout the world have also increased expenditure on law enforcement agencies aimed towards drug interdiction through mandatory screening of potential illicit drug abusers. This has helped boost revenue growth of the drugs of abuse testing market.

However, the emerging countries in Asia, Latin America and Africa have lower awareness of drugs of abuse testing and have lesser social support to decrease the consumption of illicit drugs. These regions even face a lack of government initiatives. This may lead to a downfall in the overall drugs of abuse testing market.

Global Drugs of Abuse Testing Market: Segmental Analysis

On the basis of region, Asia Pacific dominates the global drugs of abuse testing market in terms of growth rate with a 7.0% CAGR during the forecast period. However North America holds the maximum market share with an estimated valuation of US$ 620 Mn by the end of 2027.

On the basis of drug type, Sedatives is the fastest growing segment. Hallucinogens are expected to hold the maximum market share during the forecast period.

On the basis of technique type, Immunoassay dominates the market with the maximum market size of over US$ 870 Mn estimated by the end of 2027. The rapid testing segment is expected to grow at the fastest rate.

Based on end users, forensic laboratories are expected to hold the highest market share by the end of 2027, whereas diagnostic laboratories are predicted to witness the highest growth rate of 6.8% during the forecast period.

Need more information about Report methodology ? @ https://www.futuremarketinsights.com/askus/rep-gb-1649

Global Drugs of Abuse Testing Market: Competitive Landscape

This comprehensive research report includes detailed profiles of all the major players in the global market. Some of the top companies mentioned in the report include Quest Diagnostics, F.Hoffmann La-Roche Ltd, Siemens Healthineers (Siemens AG), Thermo Fisher Scientific, Inc., Alere, Inc. (Sub. Abbott Laboratories), Shimadzu Corporation, Laboratory Corporation of America Holdings, Drägerwerk AG & Co. KGaA, and Express Diagnostics International Inc.

full report @ https://www.futuremarketinsights.com/reports/drug-of-abuse-testing-market

About Us

Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.

FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

Contact Us

U.S. Office

616 Corporate Way, Suite 2-9018,

Valley Cottage, NY 10989,

United States

T: +1-347-918-3531

F: +1-845-579-5705

Email: sales@futuremarketinsights.com

Web: https://www.futuremarketinsights.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Drugs of Abuse Testing Market Growth by 2027 | Quest Diagnostics, F.Hoffmann La-Roche Ltd, Siemens Healthineers (Siemens AG), Thermo Fisher Scientific, Inc., Alere, Inc. here

News-ID: 1357630 • Views:

More Releases from Future Market Insights

Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Million by 2032
Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Milli …
The lithium-ion battery separator is a critical component in lithium-ion batteries, responsible for preventing short circuits and ensuring safe and efficient battery performance. It acts as a physical barrier between the positive and negative electrodes, allowing lithium ions to pass through while blocking the flow of electrons. With advancements in separator technology, these separators play a key role in enhancing battery capacity, cycle life, and overall safety in various applications,
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolstered by a Robust 7.1% CAGR from 2022
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolst …
The Industrial Drums Market is experiencing a steady and promising trajectory, with an estimated value of US$ 12.5 billion in 2022, projected to escalate to US$ 17.6 billion by 2027 at a commendable Compound Annual Growth Rate (CAGR) of 7.1%. This growth is substantiated by a 6.6% CAGR in volume during 2022-27, as per Future Market Insights. Anticipated to expand 1.5 times within this period, the market presents alluring prospects for industry
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of the Metal Cans Industry, Catering to Health-conscious and Environmentally-aware Consumers
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of …
The metal cans market is predicted to grow at a CAGR of 5% over the forecast period, according to research by Future Market Insights. The industry's estimated value is expected to increase from US$ 56 Bn in 2023 to US$ 91.1 Bn by 2033. The market for metal cans has been driven by the heightened demand for the product in food and beverages industry. Metal cans helps prolong shelf-life of perishable
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 with a 4.8% CAGR
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 …
The folding intermediate bulk containers (IBCs) market is on a growth trajectory, with an estimated value of US$ 418 million in 2022, projected to reach US$ 528 million by 2027, showcasing a Compound Annual Growth Rate (CAGR) of 4.8%. Remarkably, the China folding IBCs market defied initial pandemic-related skepticism and is anticipated to grow by 6.9% year on year in 2022. Despite global challenges, China's folding IBCs market is poised to contribute

All 5 Releases


More Releases for Abuse

Drug for Abuse Testing Devices Market
Drugs for abuse testing device offer testing methods to detect drugs present in the human body by analyzing saliva, blood, urine, and sweat. The drug for abuse testing devices market comprises kits and devices, which help in measuring drug intake. Tests can be conducted at home as well as in laboratories. The test uses immunoassay to screen different samples and includes the confirmation of screening results by definitive analytical techniques
Substance Use Disorder Treatment Market By Type (Alcohol abuse treatment, Nicoti …
According to World Health Organization (WHO), the leading cause of disability around the world is not a physical disease, but a serious mood disorder known as depression. Around 350 million people suffer from depression worldwide, and that only about 50% of these individuals will ever receive treatment. According to Anxiety and Depression Association of America, in the U.S., over 15 million adults experience an episode of clinical depression in any
Substance Abuse Treatment Market: Alarming Rise in Cases of Substance Abuse Driv …
U.S. Substance Abuse Treatment Market: Snapshot In the U.S. Substance abuse has become a major cause of concern. People in this country are increasingly getting addicted to a variety of drugs, affecting their health and their family life to a large extent. With prolonged drug and alcohol abuse, the prevalence of mental illness and various chronic diseases, such as diabetes and cardiovascular disorders, have increased substantially among consumers, creating a
Handling FMLA Abuse
Edupliance announces webinar titled, “Handling FMLA Abuse” that aims to help attendees to understand how do they identify the FMLA abuse and what can they do about it. The event going to be held LIVE on, Nov 21, 2017 from 1 PM - 02:30 PM ET/ 10 AM - 11:30 AM PT. Since the Family and Medical Leave Act (“FMLA”) was signed into law, employers have been faced with the
Substance Abuse Treatment Market | Evolving Market Trends
U.S. Substance Abuse Treatment Market: Snapshot  In the U.S. Substance abuse has become a major cause of concern. People in this country are increasingly getting addicted to a variety of drugs, affecting their health and their family life to a large extent. With prolonged drug and alcohol abuse, the prevalence of mental illness and various chronic diseases, such as diabetes and cardiovascular disorders, have increased substantially among consumers, creating a high
03-16-2017 | Health & Medicine
TMR
Drugs of Abuse Testing Market: High Prevalence of Drug Abuse Augurs Well for Ove …
Drugs of abuse testing offer a variety of testing methods that can be conducted at home as well as in laboratories to detect drugs present in the human body. These drugs are tested through saliva, blood, and sweat. The testing of drugs is done for drugs that are banned by governments. Analysts anticipate that the global market will witness a considerable growth rate in the coming years due to