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Drugs of Abuse (DOA) Testing Market 2020 to Witness Massive Growth || Top Growing Companies are Abbott, Drägerwerk, Sonic Healthcare, Thermo Fisher Scientific, F. Hoffmann-La Roche, Psychemedics Corporation, Siemens Healthcare

Drugs of Abuse (DOA) Testing Market

Drugs of Abuse (DOA) Testing Market

The Drugs of Abuse (DOA) Testing Market report lists and studies the leading competitors, as well as provides the insights with strategic industry analysis of the key factors influencing the market dynamics. In this report, the market is segmented according to type, application, end users, and region. Moreover, it presents granular analysis of the market share, segmentation, revenue forecasts and geographic regions of the market. Each segment and sub-segment is studied carefully to provide a broad segmental analysis of the global Drugs of Abuse (DOA) Testing Market. Such segmental analysis will help clients to focus on high-growth areas of the global market.

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With the use of integrated approaches and latest technology for the best results, Drugs of Abuse (DOA) Testing Market research report is generated. Experienced and innovative industry experts estimate strategic options, figure out winning action plans and help out businesses make critical bottom-line decisions. This market report is a great source of notable data, present market trends, future events, market environment, technological innovation, imminent technologies & the technical development in the Healthcare industry. Drugs of Abuse (DOA) Testing Market report is an excellent resource that provides current as well as upcoming technical & financial details of the industry to 2026.

Global drugs of abuse (DOA) testing market is expected to rise to an estimated value of USD 11.54 billion by 2026, registering a substantial CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the rise in the levels of developments, advancements along with innovative product launches by the major manufacturers.

Few of the major competitors currently working in the global drugs of abuse (DOA) testing market are W.H.P.M., Inc.; WATERS; Laboratory Corporation of America Holdings; Abbott; Drägerwerk AG & Co. KGaA; Bio-Rad Laboratories, Inc.; Sonic Healthcare; bioMérieux SA; Danaher; Quest Diagnostics Incorporated; Thermo Fisher Scientific; F. Hoffmann-La Roche Ltd; Randox Laboratories Ltd.; Psychemedics Corporation; Siemens Healthcare Private Limited; Merck KGaA; Ortho-Clinical Diagnostics; Biomedical diagnostics and Alfa Scientific Designs, Inc.

Read Complete Details with TOC Here https://www.databridgemarketresearch.com/toc?dbmr=global-drugs-of-abuse-doa-testing-market

Market Definition: Global Drugs of Abuse (DOA) Testing Market

Drugs of abuse (DOA) testing is a diagnostic method of testing for substance or chemical abuse in individuals by testing the samples such as hair, saliva, urine, blood, breath. This is generally utilized for testing the usage of recreational drugs in the system of individuals so that they can be provided the correct course of treatment and clinical procedure can be undertaken.

Segmentation: Global Drugs of Abuse (DOA) Testing Market

Drugs of Abuse (DOA) Testing Market : By Product

Consumables
Equipment

Drugs of Abuse (DOA) Testing Market : By Sample Type

Urine
Saliva
Hair
Others

Drugs of Abuse (DOA) Testing Market : By Application

Pain Management
Criminal Justice
Workplace Screening

Drugs of Abuse (DOA) Testing Market : By End-Users

Hospitals
Laboratories
Workplace
At Home
Others

Drugs of Abuse (DOA) Testing Market : By Geography

North America
Europe
Asia-Pacific
South America
Middle East and Africa

Drugs of Abuse (DOA) Testing Market Drivers :

Increasing consumption and trade of recreational drugs worldwide; this factor is expected to drive the growth of the market

Rise in the usage of products in various organizations to test their employees; this factor is expected to drive the growth of the market

Initiatives undertaken by various organizations and authorities for spreading awareness regarding the drug abuse and products to detect it; this factor is expected to drive the growth of the market

Drugs of Abuse (DOA) Testing Market Restraints :

Transformation of laws to legalize the usage of recreational drugs/illicit drugs; this factor is expected to restrain the market growth

Lack of capabilities of these testing products for the detection of small amounts of special drugs; this factor is expected to restrain the growth of the market

Key Developments in the Drugs of Abuse (DOA) Testing Market:

In September 2018, W.H.P.M., Inc. through its affiliate Carehealth America Corporation announced that they had acquired Express Diagnostics Int’l, Inc. This acquisition will significantly improve and complement the capabilities and technologies of both organizations leading to additions of product patents, trademarks and copyright.

In February 2018, Alfa Scientific Designs, Inc. announced that they had received US FDA 510(k) clearance for their “Instant-view-plus” multi-drug of abuse urine test. Alfa’s “Driven Flow Technology” utilized in the simple cup DOA (drug-of-abuse) product termed as “Instant-view-plus iFOB”. The clearance has been provided for usage in professional, CLIA-waived, and over-the-counter (OTC) usage. The product is capable of identifying thirteen individual drugs in approximately two minutes offering significant capabilities in comparison to the existing products in the market.

Key benefits of buying the Drugs of Abuse (DOA) Testing Market Report:

This Drugs of Abuse (DOA) Testing Market report will enable both of the sides in market be an established firm or a relative new entrant. It helps the established firms to know about the moves which are being performed by their competitors and also helps the new entrants by educating them about the market situations and the industry trends. This Drugs of Abuse (DOA) Testing Market report is quite fruitful in helping to understand the market definition and all the aspects of the market including the CAGR value and key profiles.

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