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Drug Of Abuse Testing Services Market Share Worldwide Industry Growth, Size, Statistics, Opportunities & Forecasts up to 2026: Lab Corps of America Holdings, Quest Diagnostics Inc., United States Drug Testing Laboratories Inc. (USDTL), ATI Inc., Alere, LG

03-23-2020 02:54 PM CET | Health & Medicine

Press release from: Worldwide Market Reports

Drug Of Abuse Testing Services

Drug Of Abuse Testing Services

Worldwide Market Reports adds "Drug Of Abuse Testing Services Market 2020 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting to 2026" reports to its database.

This report provides in depth study of "Drug Of Abuse Testing Services Market" using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organisation. The Drug Of Abuse Testing Services Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organisation such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organisation.

The global Drug Of Abuse Testing Services market is expected to witness a promising growth in the next few years. The rising level of competition among the leading players and the rising focus on the development of new products are likely to offer promising growth opportunities throughout the forecast period. The research study on the global Drug Of Abuse Testing Services market offers a detailed overview, highlighting the key aspects that are expected to enhance the growth of the market in the near future. The key segmentation and the competitive landscape of the market have also been mentioned at length in the research study.

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Some of the key players in the market are Lab Corps of America Holdings, Quest Diagnostics Inc., United States Drug Testing Laboratories Inc. (USDTL), ATI Inc., Alere, LGC Limited

Increase in the number of disorders associated with overuse of illicit substance and enforcement of legislations for Alcohol and Drug (A&D) testing are some of the key factors anticipated to boost the market over the forecast period. In addition to rise in number of substance abusers and increase in number of government initiatives to avoid ill effects of substance abuse at workplace & reduce number of accidents due to consumption of illicit substance are also contributing to market growth.

The fraction of population seeking treatment for cannabis-related disorders for the first time is comparatively higher. Although testing services market is not directly related to illicit substance-related treatments, growing prevalence of substance abuse is one of the factors that is expected to boost the market. The testing services include analysis of urine, blood, hair, nails, and other samples.

North America dominated the market with a revenue share. Increased use of drug testing services in investigational procedures is a key factor for high market share of this region. A number of government initiatives against substance abuse, growing adoption of drug testing at workplace, and increasing number of toxicological laboratories are some of the factors that are anticipated to boost the market.

Asia Pacific is expected to emerge as the fastest growing region with a growth rate. As compared to the developed regions, such as North America and Europe, this region has lower prevalence of substance abuse. Due to presence of strong pipeline products and emerging regulations in this region, the drug of abuse testing services market is expected to grow over the forecast period.

China held the largest revenue share in the Asia Pacific region. China is considered as the transit country and also as one of the significant destinations for illicit substances due to growth in economy, increase in disposable income of the tremendously growing population, and increase in global commerce.

Key Highlights of the Report:

o Growth opportunities in the global Drug Of Abuse Testing Services Market across major regions during the forecast period.
o Role of emerging markets in the global Drug Of Abuse Testing Services Market and the scenario during the 2020-2026.
o Technological and product developments that influence growth of the market.
o New trends and advancements in the global Drug Of Abuse Testing Services Market.
o Insight on various product types and their respective market shares in the overall market.

Global Drug Of Abuse Testing Services Market Report includes Detailed TOC points:
1 Industry Overview
2 Industry Environment (PEST Analysis)
3 Drug Of Abuse Testing Services Market by Type
4 Major Companies List
4.1 Lab Corps of America Holdings (Company Profile, Sales Data etc.)
4.1.1 Lab Corps of America Holdings Profile
Table Lab Corps of America Holdings Overview List
4.1.2 Lab Corps of America Holdings Products & Services
4.1.3 Lab Corps of America Holdings Business Operation Conditions
Table Business Operation of Lab Corps of America Holdings (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
(Continue with Key Players)
5 Market Competition
6 Demand by End Market
7 Region Operation
8 Marketing & Price
9 Research Conclusion

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About WMR

Worldwide Market Reports is your one-stop repository of detailed and in-depth market research reports compiled by an extensive list of publishers from across the globe. We offer reports across virtually all domains and an exhaustive list of sub-domains under the sun. The in-depth market analysis by some of the most vastly experienced analysts provide our diverse range of clients from across all industries with vital decision making insights to plan and align their market strategies in line with current market trends.

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