Drug Detector Market 2021 Analysis by Top Manufacturers| Smiths Group, DetectaChem, OSI Systems

Global Drug Detector Sales Market Report 2021

Drug Detector Market research performs thorough market analysis and uses a variety of sources to provide key players with wide-ranging knowledge about industry strategies. This analysis concentrates more on current trends, market scenario along with depicting dynamic methods and key advancements. All these factors greatly help leading industries to get an advantage over competitive market and leverage their position in the market. Key players of the market focus on following some key strategies such as mergers, acquisitions, collaborations and novel product launches. It further captures actions and plans followed by the competitors in the market to make their business gainful. Drug Detector Market study discusses about how COVID-19 pandemic affected market growth globally.

The Global Drug Detector market is expected to register a CAGR of 11.2 % during the forecast period (2021- 2027).

The report introduces the market competition landscape and a detailed analysis of the major suppliers/key players in the market.

Top companies in the global Drug Detector market: Smiths Group, DetectaChem, OSI Systems, IDenta, CSECO, L3Harris Technologies, Thermo Fisher Scientific, Abbott, Spectral Engines, Drger

INDUSTRY NEWS

Smiths Group has acquired 10 companies, including 2 in the last 5 years. A total of 7 acquisitions came from private equity firms. It has also divested 7 assets.

Smiths Group’s largest acquisition to date was in 2005, when it acquired Medex for $925M. It’s largest disclosed sale occurred in 2021, when it sold Smiths Medical Group to ICU Medical for $2.7B. Smiths Group has acquired in 6 different US states, and 2 countries. The Company’s most targeted sectors include medical products (25%) and safety/security (13%).

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MARKET OVERVIEW

Emphasis on advanced surveillance in the supply chain sector, shifting trend from packaging security to on-dosage security, and supportive government legislation for counterfeit drug detection are the factors projected to drive the market. According to the WHO, one in 10 medical products in developing countries is falsified or substandard. The personal and public health tolls are huge, as is the economic burden is about USD 200 billion annually. Thus, the benefits provided by these devices, such as simple, accurate, and inexpensive testing systems for use in the field, at pharmacies, and at the point of care open up the avenues for the growth of the market.

The global Drug Detector market is divided by product type and application:

The report breaks down the global Drug Detector market according to the following types:

X-ray Drug Detector

MRI Drug Detector

Steam Drug Detector

Neutron Drug Detector

According to the application, the global Drug Detector market can be subdivided into:

Airport

Customhouse

Military

Others

Regional Outlook of the Drug Detector market:

North America (United States, Canada and Mexico)

Europe (Germany, France, United Kingdom, Russia and Italy)

Asia Pacific (China, Japan, Korea, India and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

Middle East and Africa (Saudi Arabia, UAE) , Egypt, Nigeria and South Africa)

North America Is Considered To Be The Most Lucrative Regional Market For Counterfeit Drug Detection Device.

North America accounted for the largest market share in 2019, and it is estimated to maintain its position in the future. The increased use of drug testing services for investigational procedures is a key factor that is anticipated to boost the market. Several government initiatives against substance abuse, an increasing number of toxicological laboratories, and the growing adoption of drug testing at the workplace are the factors responsible for the high market share of this region

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The Influence of the Drug Detector market report:

-Comprehensive assessment of all opportunities and risks in the Drug Detector market.

-The latest innovations and major events in the Drug Detector market.

-Research in detail the business strategy of leading enterprises in the Drug Detector market.

-Conclusive research on the growth chart of the Drug Detector market in the next few years.

-In-depth understanding of the Drug Detector market, especially the driving factors, constraints and major micro-markets.

-Have a good impression on the important technologies of the Drug Detector market and the latest market trends.

Browse the report description and table of contents:

https://www.marketintelligencedata.com/reports/568496/global-drug-detector-sales-market-report-2021?Mode=Radhika

Key Highlights of the Drug Detector Market Report

Market Segments and other perspectives have been studied across 3600 perspectives
Both Supply and Demand-side mapping has been done to understand the market scenario
We have used data triangulation to derive the market numbers
Our data and analysis have been verified through C-level Executives while conducting primary interviews
Porter’s Five Forces Analysis, Swot, Analysis, PEST Analysis, Value Chain Analysis and Market Attractiveness would be an added advantage in the report
Historical Year: 2016; Base Year: 2021; Forecast Years: 2021 – 2027

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