Narcotics Scanner Market is anticipated to expand at a Robust compound annual growth rate (CAGR) from 2021 to 2031 | CDex, Detectachem, KeTech, Detection Systems

New York, According to a new market research report published by Global Insight Services Narcotics Scanner Market is expected to grow by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

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Narcotics scanners are devices that can detect the presence of illegal drugs in a person's possession. They work by scanning the person's body for traces of drugs that may be hidden under their clothes. The scanner then produces a image that can be used to identify the type and quantity of drugs present.

Narcotics scanners are becoming increasingly popular as a tool for law enforcement agencies to use in the fight against drug trafficking. They are also being used more frequently at airports and other points of entry into countries, in order to prevent drug smugglers from bringing illegal drugs into the country.

Key Trends and Drivers:

Some of the key trends and drivers of narcotics scanners market include the increasing use of narcotics scanners by law enforcement agencies, the increasing use of narcotics scanners in the healthcare industry, and the increasing use of narcotics scanners in the retail industry.

The increasing global trade in illicit drugs: The global narcotics trade is estimated to be worth around US$320 billion annually. This huge market provides a major incentive for criminal gangs to produce and smuggle drugs.
The increasing use of sophisticated smuggling methods: The use of sophisticated smuggling methods, such as hiding drugs in body cavities or using drones, makes it harder for law enforcement to detect and intercept drugs.
The growing problem of drug addiction: Drug addiction is a major problem in many countries and is a key driver of the demand for drugs.
The high profitability of the narcotics trade: The illicit drug trade is extremely profitable for criminal gangs. This is due to the high prices that drugs fetch on the black market.
The difficulty of enforcing drug laws: Drug laws are very difficult to enforce, due to the illegal nature of the trade and the difficulty of detecting and intercepting drug shipments.

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Market Segments

By Application

• Airports
• Land Border
• Ports
• Inland Law Enforcement
• Retail
• Healthcare

By Technology

• Ion Mobility Spectrum Technology
• Infrared Spectroscopy
• Raman Mass Spectrometry

Key Companies

• Astrophysics Inc.
• Aventura Technologies Inc.
• Bruker Corporation
• FLIR Systems Inc.
• OSI Systems Inc.
• B&W Tek
• CDex
• Detectachem
• KeTech
• Detection Systems

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Reasons to buy Narcotics Scanner Market Report:

• Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market

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About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

This release was published on openPR.