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Recent Updates on Drugs of Abuse (DOA) Testing Market 2020-2026, Global Players are Bio-Rad Laboratories, Sonic Healthcare, Danaher, Quest Diagnostics Incorporated
Drugs of Abuse (DOA) Testing Market
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The wide ranging Drugs of Abuse (DOA) Testing Market report evaluates CAGR value fluctuation during the forecast period of 2021-2028 for the market. All the data of research and analysis are mapped in an actionable model, with strategic recommendations from the experts. Base year for calculation in the report is considered as 2020 while the historic year is 2019 which will tell how the Drugs of Abuse (DOA) Testing Market is going to act upon in the forecast years by giving information about the several market insights. Lastly, the large scale report makes some important proposals for a new project of the market before evaluating its feasibility.
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.
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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.
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.
There are 15 Chapters to display the Global (United States, European Union and China) Drugs of Abuse (DOA) Testing market.
Chapter 1, to describe Definition, Specifications and Classification of Drugs of Abuse (DOA) Testing, Applications of Drugs of Abuse (DOA) Testing, Market Segment by Regions;
Chapter 2, to analyze the Manufacturing Cost Structure, Raw Material and Suppliers, Manufacturing Process, Industry Chain Structure;
Chapter 3, to display the Technical Data and Manufacturing Plants Analysis of Drugs of Abuse (DOA) Testing, Capacity and Commercial Production Date, Manufacturing Plants Distribution, R&D Status and Technology Source, Raw Materials Sources Analysis;
Chapter 4, to show the Overall Market Analysis, Capacity Analysis (Company Segment), Sales Analysis (Company Segment), Sales Price Analysis (Company Segment);
Chapter 5 and 6, to show the Regional Market Analysis that includes United States, China, European Union & Rest of World (Japan, Korea, India and Southeast Asia), Drugs of Abuse (DOA) Testing Segment Market Analysis (by Type);
Chapter 7 and 8, to analyze the Drugs of Abuse (DOA) Testing Segment Market Analysis (by Application) Major Manufacturers Analysis of Drugs of Abuse (DOA) Testing;
Chapter 9, Market Trend Analysis, Regional Market Trend, Market Trend by Product Type [, Lignite, Sub-Bituminous, Bituminous & Anthracite], Market Trend by Application [Power, Iron & Steel & Cement];
Chapter 10, Regional Marketing Type Analysis, International Trade Type Analysis, Supply Chain Analysis;
Chapter 11, to analyze the Consumers Analysis of Drugs of Abuse (DOA) Testing;
Chapter 12, to describe Drugs of Abuse (DOA) Testing Research Findings and Conclusion, Appendix, methodology and data source;
Chapter 13, 14 and 15, to describe Drugs of Abuse (DOA) Testing sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source.
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