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Narcotics Scanner Market Size, Status and Forecast 2021- OSI Systems Inc., Bruker Corporation, FLIR Systems Inc., Aventura Technologies Inc

08-26-2021 02:06 PM CET | Health & Medicine

Press release from: Market Insights Reports

The narcotics scanner market is expected to register a CAGR of 6.21% over the forecast period 2021 - 2026.

Top leading Manufacturers Profiled in Narcotics Scanner Market Report are: OSI Systems Inc., Bruker Corporation, FLIR Systems Inc., Aventura Technologies Inc., L-3 Security And Detection Systems Inc., Smiths Detection Inc., Nuctech Company Limited, Teknicom Solutions Ltd, Astrophysics Inc., Viken Detection, Thermofisher Scientific Inc.

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Regional Analysis for Narcotics Scanner Market:

For a comprehensive understanding of market dynamics, the global Narcotics Scanner market is analyzed across key geographies namely the United States, Europe, China, Japan, Southeast Asia, India, Central & South America. Each of these regions is analyzed based on market findings across major countries in these regions for a macro-level understanding of the market.

Asia-Pacific to Witness Significant Growth

- Asia-Pacific is expected to have significant growth in the market studied, due to the increasing inflow of investments for the development of the transit sector, particularly airports. The escalation in the production and use of synthetic drugs amphetamines, in economies, such as Singapore, China, and Vietnam, is anticipated to play a crucial role in the growth of the market. ?

- The United Nations Office on Drugs and Crime (UNODC) estimates that the Asia-Pacific methamphetamine trade alone was worth as much as USD 61.4 billion in 2018, up from an estimated USD 15 billion just five years earlier. The growing focus of the countries in the region to reduce drug trafficking is driving the growth of the market studied.?

- China is a significant contributor to the ongoing narcotics trade in the region. The country has been witnessing drug trafficking majorly from the overseas. Drugs smuggled in from overseas are a source of increasing harm and a potential threat to the health of the nation. According to a report released by Chinas National Narcotics Control Commission (CNNCC), found that Chinese seizures of illegal drugs, mostly synthetic drugs, from the Golden Triangle which straddles Laos, Myanmar, and Thailand increased by 17.6% year-on-year to 29.6 metric ton, in 2018. The commission also reported seizing 1.4 metric ton of from South America last year, up 3.4 times from the year before.

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- In December 2019 - OSI Systems Inc. announced that its Security division was awarded contracts collectively valued at approximately USD 15 million by an international port authority, to provide multiple units of the Companys Rapiscan Eagle P60 high-energy X-ray cargo and vehicle inspection systems. It is expected to construct civil works, to support the installation of the systems, as well as provide training, and follow on maintenance and support.?

What is the Impact of Covid-19 Outbreak on the Narcotics Scanner?

- Optimistic Scenario: COVID-19 is contained by May or June, With Normalcy returning to global operations through the End of Q2.
- Conservative Scenario: COVID-19 Remains Prevalent, with Continued Impacts Lasting into Q4.
- Estimated Impact of the Coronavirus (COVID-19) Epidemic on the Global Narcotics Scanner.
- Narcotics Scanner Market Size in 2021
- Corporate Strategy the Manufacturers Should Be Thinking About Right Now.

Frequently Asked Questions about the Narcotics Scanner market:

- What are the recent developments and government policies?
- What are the top trends in the Narcotics Scanner market?
- What is the growth rate of the market?
- Which Is the Most potential market segment?
- Which are the top industry players in the Narcotics Scanner market?
- Which region would offer high growth for vendors in the market?

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The research includes historic data from 2015 to 2021 and forecasts until 2026 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

We Offer Customization On Report Based On Specific Client Requirement:
– Free country Level analysis for any 5 countries of your choice.
– Free Competitive analysis of any 5 key market players.
– Free 40 analyst hours to cover any other data point.

Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234
Mob: +91-750-707-8687
sales@marketinsightsreports.com
irfan@marketinsightsreports.com

MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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