Press release
Rapid Oral Fluid Screening Devices Market to Witness Steady Growth through 2026
Rapid oral fluid screening devices are specialised drug testing instruments utilised for the determination of abusive drug content and prescribed drugs in a saliva sample. Rapid oral fluid screening devices are also used for the determination of the usage of a substance and is important for evaluation and treatments. A large number of organisations and companies engaged in the rapid oral fluid screening devices industry are in the process of developing innovative rapid oral fluid screening devices due to the advantages offered by these devices over traditional urinal testing devices.As per the National Institute on Drug Abuse (NIDA) the burden of substance abuse on the U.S. economy was approximately USD 1 trillion dollars in 2015, indicating an alarming rise in drugged driving, the usage of drugs at workplaces and other illicit uses of drugs. Thus, an estimated increase in the demand for drug screening devices is expected to significantly boost the sales of rapid oral fluid screening devices in the region. The utilisation of control substances in various treatment is also expected to create lucrative growth opportunities for the rapid oral fluid screening devices market.
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Rapid Oral Fluid Screening Devices Market: Drivers and Restraints
One of the major factors driving the rapid oral fluid screening devices market is the continuously increasing incidence of illicit drugs usage, which can be attributed to an increase in the inclination towards pop culture. As per National Institute on Drug Abuse (NIDA), 12.8 million cases of drugged driving were registered in the U.S. alone within the age group of 16 to 60+. Drugged driving is strictly prohibited in all the developed countries. The usage of illicit drugs, such as marijuana, opioids, cocaine, etc., impairs driving skills, causes slower reaction time, reckless behaviour & aggression and low thinking ability.
This endangers the lives of drivers, passengers as well as that of other riders. The introduction of strict regulations is expected to generate high demand for rapid oral fluid screening devices, which is expected to substantially boost the market share of the rapid oral fluid screening devices market in global drug testing devices industry. However, complexities associated with the clearing of samples from rapid oral fluid screening devices, coupled with the high cost of rapid oral fluid screening devices, is expected to restrain the growth of the rapid oral fluid screening devices market.
Rapid Oral Fluid Screening Devices Market: Overview
The global rapid oral fluid screening devices market is estimated to capitalise on the growth opportunities created by the increasing number of cases of drug abuse, coupled with an increasing number of visits to emergency rooms due to heavy drug consumption. Drug testing at workplaces is on the rise and has become a trend in corporate culture as drug abuse is becoming more evident in all sectors of society. The increasing demand for rapid oral fluid screening devices in the corporate sector to prevent the consumption of drugs at the workplace is estimated to boost the rapid oral fluid screening devices market.
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Moreover, the availability of technologically advanced rapid oral fluid screening devices, which have a larger number of advantages as compared to conventional urine testing devices, is expected to boost the sales of rapid oral fluid screening devices. For example, the lunch of OralTox- a rapid oral fluid screening device from Premier Biotech Inc., which offers 8 lines of drug test in one device, is expected to fuel competition in the rapid oral fluid screening devices market. The manufacturers of rapid oral fluid screening devices are focusing on providing a wide range of drug test probes, which is expected to increase the availability of rapid oral fluid screening devices.
Rapid oral fluid screening devices Market: Regional Outlook
Geographically, the global rapid oral fluid screening devices market is segmented into Latin America, North America, CIS & Russia, Europe, Japan, Middle East & Africa (MEA) and Asia-Pacific excluding Japan (APEJ). The North America rapid oral fluid screening devices market is expected to be a prominent market in the global rapid oral fluid screening devices market due to technological advancements and higher drug consumption in the region. The Asia Pacific rapid oral fluid screening devices market is expected to grow substantially due to the reforms in law enforcement and workplace testing in India and China. Europe is expected to hold the second largest share in the global rapid oral fluid screening devices market throughout the forecast period owning to the stringent regulations against the consumption of illicit drugs in the region.
Rapid Oral Fluid Screening Devices Market: Key Players
The global market for rapid oral fluid screening devices is fragmented owing to the presence of a large number of market players. Some of the key players operating in the global rapid oral fluid screening devices market are Abbott, MEDACX Ltd., Andatech Pty. Ltd, Securetec Detektions-Systeme AG, Premier Biotech Inc. and Redwood Toxicology Laboratory.
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The rapid oral fluid screening devices market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The rapid oral fluid screening devices market report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The rapid oral fluid screening devices market report also maps the qualitative impact of various market factors on market segments and geographies.
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