Drug Of Abuse Testing Market Projections 2021-2025

Unprecedented growth in the use of illegal drugs across the globe for the recreational purposes has altered the growth graph of drug of abuse testing market. The drug testing, in the recent times, has become a routinized procedure across myriad law enforcement agencies, various departments, hospitals, and others. The law enforcement agencies have been undertaking every effort possible, to make sure that the rights of the citizen are upheld and not invaded upon by others, which is likely to foster drug of abuse testing industry size over the forecast period.

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Endorsed by a humongous end-use industry portfolio, spanning the hospitals, laboratories, and law enforcement sectors, drug of abuse testing market trends are set for a major upheaval in the upcoming years. A research report by Global Market Insights, Inc., has apprehended that global drug of abuse market size is anticipated to target an overall valuation of USD 4.8 billion by 2025 in terms of revenue.

The global drug of abuse market share is likely to increase on account of the popularity of two major product types – analyzers and rapid testing devices. Estimates claim that the market is predominantly characterized by the rapid testing devices sector fundamentally due to its characteristic of providing on-site screening for urine specimen cogency, drugs of abuse, and saliva alcohol, allowing the various end use industries to command an immediate action on the results. For the records, the rapid testing devices segment held a revenue share of USD 1.1 billion in 2018 and is likely to foster at an outpacing growth rate in the ensuing years.

The rapid testing devices find high scale us across the world over the analyzers perhaps due to its ability to generate rapid results and easy operability. Apparently, these devices use immunoassay and other technologies on the chromatographic testing strips to yield a result. Of late, the rapid testing devices are available in both single and multi-assay configurations and distinguished formats. Also, an upsurge in the demands of these devices across the home care settings would possibly garner hefty proceeds by the end of 2015.

Elaborating further on the drug of abuse testing techniques and samples, it is prudent to mention that a hair sample acts as a powerful tool for the detection of drugs on a larger scale. It has been noted that the hair segment in 2018 accounted for approximately USD 800 million of the worldwide market share. The primary factor influencing the segment is that the hair sample offers an enduring history of drug abuse, if any, by confining biomarkers in the fibers of the developing hair strand. Along with it, the strand also provides up to 3-month history of drug abuse that perpetually improves the drug of abuse industry expansion.

As is proclaimed, the progressive emergence of drug of abuse testing in the forensic laboratories would positively stimulate the business growth in the near future. As per trusted sources, the forensic laboratories segment is probable to exhibit a CAGR of 5.7 per cent through 2025, on the grounds of the laboratories’ defensible results for a court of law or industrial tribunal.

In addition to that, the analysis of hair samples has gained massive momentum with major applications such as drug fatalities, child protection, doping in sports, and several others in the forensic laboratories leading the segment to propel majorly over 2019-2025.

Speaking in terms of geographical outlook, Asia Pacific, chiefly driven by Australia, would boost the overall drug of abuse market during the span of seven years. This regional growth is ascribed to the growing availability of drug testing technology across the country. Furthermore, an upscale in the drug-related problems across the nation would also impel the growth statistics of the market. Estimates claim that Australia is set to witness a growth rate of 6.2 per cent through the stipulated time period.

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The development and application of advanced drug detection technologies has positively influenced the business dynamics of Australia drug of abuse testing market.

In a bid to challenge the adverse effects of surging drug consumption across the emerging nations, various drug of abuse testing industry giants are working to create awareness among the global populace through umpteen initiatives and novel innovations. Prominent players such as Abbott Laboratories, Quest Diagnostics, Thermo Fisher Scientific, and others are raising their alarming concerns on the effects of drug abuse and vitality of drug screening.

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Global Market Insights, Inc.
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About Global Market Insights, Inc.
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

This release was published on openPR.