Press release
Drugs of Abuse (DOA) Testing Market 2024 - By Industry Analysis, Competitive Landscape, Growth Factors, Revenue And Outlook By 2033
Drugs of Abuse (DOA) Testing Market
The Business Research Company offers in-depth market insights through Drugs of Abuse DOA Testing Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The drugs of abuse (DOA) testing market size has grown strongly in recent years. It will grow from $6.6 billion in 2023 to $7.25 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The growth in the historic period can be attributed to government regulations and workplace policies, pre-employment screening, law enforcement and legal procedures, drug rehabilitation programs, transportation industry compliance.
The drugs of abuse (DOA) testing market size is expected to see strong growth in the next few years. It will grow to $10.48 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%. The growth in the forecast period can be attributed to expanding sports and athletics testing, increasing awareness and education, rise in drug-related crimes, corporate wellness programs, advancements in testing methods. Major trends in the forecast period include use of portable and handheld testing devices, implementation of laboratory information management systems (LIMS), emphasis on synthetic drug testing, increasing demand for cann*abis testing, integration of artificial intelligence (AI) for result interpretation.
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Market Segmentation:
The drugs of abuse (DOA) testing market covered in this report is segmented -
1) By Product And Service: Analyzers, Rapid Testing Devices, Consumables, Laboratory Services
2) By Sample Type: Urine, Hair, Oral Fluid, Breath
3) By Application: Pain Management, Criminal Justice, Workplace Screening
4) By End User: Hospitals, Diagnostic Laboratories, Forensic Laboratories, Other End Users
Major Driver - Surging Global Demand For Drug Abuse Treatment Sparks Growth In Drugs Of Abuse Testing Market
Increasing demand for drug abuse treatment is expected to propel the growth of the drugs of abuse (DOA) testing market going forward. Drug abuse or substance abuse refers to the use of a substance in quantities that are harmful to the user or others. Drug testing aids in the identification of compounds that are not normally found in the body. The process starts with a screening test, which is followed by a second test to find and/or confirm the presence of a substance or substances, so increasing demand for drug abuse treatment will propel the market's growth. For instance, in June 2021, according to the United Nations Office on Drugs and Crime (UNODC), a US-based drug control and crime prevention organization, combining the United Nations International Report 2021 World Drug Report, over 36 million individuals in the world have drug use disorders. Therefore, increasing demand for drug abuse treatment is driving the drug of abuse (DOA) testing market.
Competitive Landscape:
Major companies operating in the drugs of abuse (DOA) testing market report are Siemens AG, F. Hoffmann-La Roche Ltd., Thermo Fisher Scientific Inc., Abbott Laboratories, Danaher Corporation, Laboratory Corporation of America Holdings, Quest Diagnostics Inc., Zimmer Biomet Holdings Inc., bioMérieux Inc., Dragerwerk AG & Co. KGaA, Natera Inc., Aegis Sciences Corporation, NMS Labs, Clinical Reference Laboratory Inc., Cordant Health Solutions, Millennium Health, ACM Global Laboratories, Psychemedics Corporation, Alfa Scientific Designs Inc., Alere Toxicology Services, Omega Laboratories Inc., BioTek Laboratories, Premier Biotech Inc., Dominion Diagnostics LLC, Randox Toxicology Ltd., Cansford Laboratories Ltd., United States Drug Testing Laboratories Inc., Homology Medicines Inc., American Bio Medica Corporation, Confirm BioSciences, Immunalysis Corporation, Medtox Diagnostics Inc., Forensic Fluids Laboratories
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Top Trend - Omega Laboratories Inc. Takes The Lead In Drug Testing Innovation With Advanced Urine Drugs Of Abuse Testing Services
Major companies operating in the drugs of abuse (DOA) testing market are developing new products such as advanced drug testing to gain a competitive edge in the market. Drug testing refers to the process of analyzing biological specimens, such as urine, to detect the presence of specific drugs or their metabolites. For instance, in December 2022, Omega Laboratories Inc., a US-based company specializing in forensic toxicology and hair testing services launched urine drugs of abuse testing services. These are relatively easy to do, have quick effects, and are reasonably priced. The lab offers urine drug testing services and is accredited by SAMHSA, guaranteeing the best caliber and precision in test findings. The organization offers over 6,000 clients worldwide laboratory-based sophisticated testing solutions. Both screening and confirmatory testing are used in urine drug abuse testing services to guarantee the precision and dependability of the results.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Drugs of Abuse DOA Testing Market Characteristics
3. Drugs of Abuse DOA Testing Market Trends And Strategies
4. Drugs of Abuse DOA Testing Market - Macro Economic Scenario
5. Drugs of Abuse DOA Testing Market Size And Growth
…..
27. Drugs of Abuse DOA Testing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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