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Drug of Abuse Testing Market Global Strategic Business Report 2022

11-24-2022 08:25 AM CET | Health & Medicine

Press release from: Precision Business Insights

Drug of Abuse Testing Market Global Strategic Business Report

The global drug of abuse testing market size was valued at USD 2.7 billion in 2021, growing at a CAGR of 5.6% during the forecast period 2022-28. Testing for drugs of abuse often involves taking samples of urine, hair, and saliva. Additionally, blood and nail samples are also tested. Since urine samples include secreted metabolites that can be used to detect the presence of illicit drugs, urine was the sample that was most commonly used for drug abuse testing in 2016. Hospitals, laboratories, workplaces, and home users are some of the major end users in the market for drug of abuse testing. Research labs and academic institutions are a few of the other end customers. Hospitals were the biggest end user globally in 2016, as many drug testing and studies are carried out there thanks to the availability of the most up-to-date technology and skilled personnel.

View the detailed report description here - https://precisionbusinessinsights.com/market-reports/drugs-of-abuse-testing-market/

The demand for drug testing services will increase as opioid use among the elderly population becomes more prevalent. Additionally, due to the growing need for quick and accurate drug testing equipment in forensic laboratories, hospitals, and senior citizen care facilities, sales of drug of abuse testing kits are anticipated to increase. However, the unique COVID-19 pandemic's breakout reduced sales hopes. Production and sales of drug misuse testing equipment and tools were impeded by supply chain disruptions and a lack of suitable raw materials. The need for drug misuse testing systems will continue to grow as public awareness of high levels of illegal drug usage and prescription drug overdoses increases. In addition, rising demand for on-the-spot and disposable testing techniques for the quick identification of drug misuse is anticipated to boost sales of drug abuse testing equipment. Leading companies in the global market for drug abuse testing are training law enforcement officials online on how to recognize and handle illicit drugs in order to acquire a competitive edge. Over the projected period, such initiatives are anticipated to produce profitable prospects for companies that test for drug addiction.

Drugs of Abuse Testing Market Segmentation:
The global Drug of Abuse Testing Market on the basis of Product Type, the market is segregated into Analyzers, Rapid Testing Devices, and Consumables. On the basis of Sample Type, the market is categorized into Saliva, Urine, Blood, and Other Sample Types. On the basis of End User, the market is divided into Hospitals, Diagnostic Laboratories, Forensic Laboratories, and Other End Users.

Request sample report at https://precisionbusinessinsights.com/request-sample?product_id=22268

Drugs of Abuse Testing Market Regional Analysis
The rising incidence of opioid dependence in the US is anticipated to keep driving up demand for testing supplies for drugs of abuse. During the COVID-19 epidemic, drug misuse rates increased significantly across the nation as more people became hooked on marijuana for anxiety and stress alleviation.

Key players' profiles in the Drugs of Abuse Testing Market report are Danaher Corporation, LabCorp, Abbott Laboratories, Quest Diagnostics, Inc., Cordant Health Solutions, DrugScan, Legacy Medical Services, Mayo Clinic Laboratories, LGC Group, Precision Diagnostics.

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Mr. Satya
Precision Business Insights | Toll-Free: +1 866 598 1553
Email: sales@precisionbusinessinsights.com
Kemp House, 152 - 160 City Road, London EC1V 2NX
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About Precision Business Insights:
We are a market research company that strives to provide the highest quality market research insights. Our diverse market research experts are enthusiastic about market research and therefore produce high-quality research reports. We have over 500 clients with whom we have a good business partnership and capacity to provide in-depth research analysis for more than 30 countries. In addition to deliver more than 150 custom solutions, we already have accounts with the top five medical device manufacturers.

Precision Business Insights offers a variety of cost-effective and customized research services to meet particular research requirements. We are a leading research service provider because of our extensive database built by our experts and the services we provide.

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