Drug Tester Market Insights 2021 by Size, Share, Pre COVID-19 and Post COVID-19 Market Scenario, Competitive Landscape, Key Regions and Forecast to 2027 - Siemens, Thermo Fisher Scientific, Abbott, OraSure Technologies

The Drug Tester Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

The Global Drug Tester Market Size is Projected to Reach at a CAGR of 11% during 2021-2027.

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Top Leading Companies:

Siemens, Thermo Fisher Scientific, Abbott, OraSure Technologies, Shimadzu, Drgerwerk, Roche, Danaher, Omega Diagnostics, Hitachi, Hob Biotech Group Suzhou, HYCOR Biomedical

Recent Development:

Thermo Fisher Scientific has acquired 64 companies, including 16 in the last 5 years. A total of 22 acquisitions came from private equity firms. It has also divested 8 assets. Thermo Fisher Scientific’s largest acquisition to date was in 2021 when it acquired Pharmaceutical Product Development for $17.4B. Its largest disclosed sale occurred in 2019 when it sold Thermo Fisher Scientific - Anatomical Pathology Business to PHC Holdings for $1.1B. Thermo Fisher Scientific has acquired in 15 different US states, and 16 countries. The Company’s most targeted sectors include life science (36%) and medical products (18%).

Abbott Laboratories has acquired 36 companies, including 5 in the last 5 years. A total of 9 acquisitions came from private equity firms. It has also divested 8 assets. Abbott Laboratories’ largest acquisition to date was in 2016 when it acquired St. Jude Medical for $25.0B. Its largest disclosed sale occurred in 2015 when it sold Abbott - Non-U.S. Developed Markets Specialty and Branded Generics to Viatris for $5.3B. Abbott Laboratories has acquired in 8 different US states, and 9 countries. The Company’s most targeted sectors include medical products (55%) and life science (34%).

Drug Tester Market Segmentation by Type:

Handheld Drug Tester
Benchtop Drug Tester

Drug Tester Market Segmentation by Application:

Hospitals
Clinics
Laboratories
Forensic Departments

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North America Holds the Largest Market Share, and it is expected to do the Same Over the Forecast Period

North America accounts for the largest share in the drug abuse testing market globally. Drug abuse is a serious problem that can lead to legal, financial, and health problems, and the North American region is currently facing the same problems. Therefore, various initiatives are being implemented by the US government to monitor the symptoms and to determine whether a person is under drug abuse. For instance, the Patients and Communities Act was a law implemented by the country for counter-acting drug abuse. There is also high adoption of technologically advanced products for drug abuse testing, increased demand for illicit drugs in the region, large-scale drug trafficking, which are all responsible for the growth of the market in the region. As per the 2018 National Survey on Drug Use and Health report, more than 500,000 adolescents aged 12 to 17 years were suffering from illicit drug use disorder in 2018 in the United States. 

Regional Drug Tester Market (Regional Output, Demand & Forecast by Countries)

North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.

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Highlights of the Drug Tester Market Report:

Detailed overview of Drug Tester Market
Changing the Drug Tester market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected Drug Tester market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Drug Tester Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.

The research includes historic data from 2016 to 2021 and forecasts until 2027 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.

Finally, the Drug Tester Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Drug Tester industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.

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