Growth of Specimen Validity Testing Market by Major Players: Alere, Thermo Fisher, Scitek, LabCorp, Quest Diagnostics, Alfa Scientific Designs etc.

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The Specimen Validity Testing Market is expected to reach US$ 1.49 Billion by 2023 from US$ 1.10 Billion in 2018, at a CAGR of 6.3%. Growth in the drug screening market and the increase in workplace drug testing are fueling the growth of the specimen validity testing market.

Top Key Players in the “Specimen Validity Testing Market” include are
• Alere (Subsidiary of Abbott Laboratories) (US)
• Thermo Fisher (US)
• Scitek (US)
• LabCorp (US)
• Quest Diagnostics (US)
• Alfa Scientific Designs (US)
• American Bio Medica Corporation (US)
• Express Diagnostics (US)
• ACM Global Laboratories (US)
• Clinical Reference Laboratory (CRL)
• Premier Biotech (US)

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The Specimen Validity Testing Market is segmented into products and services. The services segment is projected to register the highest CAGR during the forecast period; growth in this segment is attributed to the growing implementation of workplace drug testing in several countries, increasing number of drug screening tests, and the growing number of drug screening laboratories across the globe.

North America is expected to account for the largest share of the market followed by Europe. However, Asia Pacific is expected to register the highest CAGR during the forecast period. The high growth in the APAC regional segment is attributed to the developing healthcare infrastructure, rising adoption of stringent regulatory guidelines for drug testing, increase in the number of illicit drug users, and strategic expansion of key market players in the region.

The Study Objectives of this report are:

• To forecast the size of the market segments with respect to four main regions, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW).

• To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market

• To analyze market opportunities for stakeholders and provide details of the competitive landscape for key players

• To profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies

• To track and analyze competitive developments such as acquisitions; product launches; expansions; agreements, partnerships, and collaborations; and R&D activities in the market

Reason to buy this report:
The report will help the market leaders/new entrants in the specimen validity testing industry by providing them with the closest approximations of revenues for the overall market and its sub segments. This report will help stakeholders to understand the competitive landscape better and gain insights to position their businesses and help companies adopt suitable go-to-market strategies.

Access Complete report on Specimen Validity Testing Market spread across 121 Pages, profiling 11 companies and supported with tables and figures. Buy Research at https://www.reportsnreports.com/purchase.aspx?name=1516293 .

Target Audience for Specimen Validity Testing Market:
• Rapid drug screening device manufacturers
• Drug and alcohol testing laboratories
• Specimen validity testing reagent manufacturers
• Workplace drug testing
• Law enforcement agencies
• Government agencies
• Venture capitalists
• Research and consulting firms

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