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Drugs of Abuse (DOA) Testing Market Insights, Demand, Analysis, Share, Forecast: 2024-2033

05-27-2024 07:43 AM CET | Health & Medicine

Press release from: The Business research company

Drugs of Abuse (DOA) Testing Market

Drugs of Abuse (DOA) Testing Market

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Drugs of Abuse (DOA) Testing Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $10.48 billion In 2028 At A CAGR Of 9.6% :

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 cannabi*s testing, integration of artificial intelligence (AI) for result interpretation.

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Drugs of Abuse (DOA) Testing Market Major Segments
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

Key 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.

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Prominent Trend - Innovative Solutions In The Drugs Of Abuse Testing Market Are Software-As-A-Service (SAAS) Platforms For Enhanced Drug Discovery And Development

Major companies operating in the drugs of abuse (DOA) testing market are focused on developing innovative products such as software-as-a-service platform to strengthen their position in the market. Software-as-a-Service (SaaS) is a software distribution model in which applications are hosted by a third-party provider and made available to customers over the internet. For instance, in December 2023, Merck KGaA, a US-based science and technology company launched Addison drug discovery software. The program expedites drug development and raises the success rate of novel medications and therapies by fusing computer-aided drug design, machine learning, and generative AI. The platform then makes suggestions for the best ways to synthesis these medications, bridging the gap between the design of virtual molecules and their practical manufacturability. The program increases the likelihood that patients will benefit from novel treatments by drawing out hidden insights from large datasets.

Drugs of Abuse (DOA) Testing Market Players
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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Largest And Fastest Growing Region In The Market
North America was the largest region in the drugs of abuse (DOA) testing market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global drugs of abuse (DOA) testing market report during the forecast period. The regions covered in the drugs of abuse (doa) testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Drugs of Abuse (DOA) Testing Market Report Structure
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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