Drugs of Abuse (DOA) Testing Market is Growing at CAGR of 10.25% by 2030

A worldwide Drugs of Abuse (DOA) Testing market report is the best to know the trends and opportunities in Healthcare industry. The forecast, analysis, evaluations and estimations carried out in this business report are all based upon the well established tools and techniques such as SWOT analysis and Porter's Five Forces analysis. These are the authentic tools used in market analysis on which businesses can trust confidently. The credible Drugs of Abuse (DOA) Testing market research report brings into focus plentiful of factors such as the general market conditions, trends, inclinations, key players, opportunities, and geographical analysis which all aids to take business towards the growth and success.

Data Bridge Market Research analyses that the drugs of abuse (DOA) testing market, which is USD 6253.25 million in 2022, is expected to reach USD 13650.06 million by 2030, at a CAGR of 10.25% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Drivers

Increase in consumption and trade of illicit drugs
The increased production, consumption, and trade of new and illicit drugs will result in a high demand for DoA testing, driving industry growth. According to the United Nations Office on Drugs and Crime's World Drug Report 2017, the annual prevalence of all illicit drug use is 5.3%, with 255 million users in 2015. This will necessitate the need for DOA testing, propelling the market forward. The government's initiatives to raise awareness about DOA and increase organizational compliance for DOA testing will contribute to the overall market's growth. The high demand for products with increased specificity and sensitivity to designer drugs will also contribute to the industry's growth.

Technological advancements and product portfolio expansion
To maintain their competency and market share, leading players in the DoA testing market are expanding their product portfolio through product additions and software updates with new substances for DoA testing. For instance, Shimadzu Corporation, released its Smart Forensic Database Ver. 2 in February 2018, with features for analysing forensic toxicological substances involved in DoA in biological samples using Gas Chromatograph-Mass Spectrometry. Similarly, Thermo Fisher Scientific Inc. updated its library for the Thermo Scientific TruNarc handheld narcotics analyzer in November 2017. The update added 45 new substances to the handheld narcotics analyzer, including 14 new forms of fentanyl, and it can now detect Carfentanil.

Opportunities

Rising ageing population
According to data published by the Organization for Economic Cooperation and Development (OECD) in 2020, nearly one-third of adults in the European Union aged 15-64, or approximately 97 million people, have used illicit drugs at some point in their lives, with men reporting drug use more frequently than women. To maintain their competency and market shares, leading players in the drug abuse testing market are expanding their product portfolios by adding new products and updating software with new substances for drug abuse testing. These are the certain reasons for propelling the market growth.

Access Full Report: https://www.databridgemarketresearch.com/reports/global-drugs-of-abuse-doa-testing-market

Global Drugs of Abuse (DOA) Testing Market Scope
The drugs of abuse (DOA) testing market is segmented on the basis of product, sample type, application and end users. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

Consumables
Rapid test kits
Assay kits
Reagents
Others
Blood
Breath
Analyzers
Equipment
Immunoassay analyzers
Chromatography instruments
Breath analyzers
Sample Type

Urine
Saliva
Hair
Others
Application

Pain Management
Criminal Justice
Workplace Screening
End Users

Hospitals
Laboratories
Workplace
At Home
Others
Drugs of Abuse (DOA) Testing Market Regional Analysis/Insights
The drugs of abuse (DOA) testing market is analyzed and market size insights and trends are provided by country, product, sample type, application and end users as referenced above.

The countries covered in the drugs of abuse (DOA) testing market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the drugs of abuse (DOA) testing market due to the region's high availability of illegal substances, rising drug trafficking, and more workplace monitoring for drug use.

Some of the major players operating in the drugs of abuse (DOA) testing market are:

Takeda Pharmaceutical Company Limited (Japan)
F. Hoffmann-La Roche Ltd (Switzerland)
Abbott (U.S.)
Medtronic (Ireland)
Abbott (U.S.)
BD (U.S.)
Johnson & Johnson Services, Inc. (U.S.)
GSK Plc. (U.K.)
Bayer AG (Germany)
Zimmer Biomet (U.S.)
Stryker Corporation (U.S.)
Homology Medicines, Inc (U.S.)
Novartis AG (Switzerland)
Pfizer Inc. (U.S.)
JCR Pharmaceuticals Co., Ltd. (Japan)
Sangamo Therapeutics (U.S.)
AVROBIO, Inc (U.S.)
REGENXBIO Inc (U.S)
CANbridge Life Sciences Ltd. (Taiwan)
Denali Therapeutics (U.S.)
Jasper Therapeutics, Inc. (U.S.)

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