Press release
Drugs of Abuse Testing Market helps to Understand Threat of New Entrants, Substitute Products or Services - Report Prepared By TMR
According to the research report, the global drugs of abuse testing market is expected to rise at a moderate CAGR of 4.8% during the 2013-2018 period. The growth of the global drugs of abuse testing market will be attributable to the socioeconomic losses due to the use of illegal drugs across the globe. Furthermore, the sincere efforts taken by several governments to minimize the use of these drugs and to help those abusing it will also propel the overall market. The increasing production and consumption of illicit drugs has been pinpointed as the primary cause of drug abuse by researchers. To counter these dangerous habits and illicit trade, several nations are now adopting strict drugs of abuse testing methods, thereby augmenting the global drugs of abuse testing market. The only restraint faced by this market is the unfortunate stigma associated with the testing of illicit drugsGet Free Sample Report Brochure:http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1746
The global drugs of abuse testing market is segmented on the basis of technology, location, sample, and geography. The technologies used in this market are immunoassay and chromatography. Depending on location, this market is segmented into laboratory drug tests and on-site screening tests. Samples of drugs are collected through urine, hair, saliva, and others. Geographically, this market is segmented into Europe, North America, Asia Pacific, and Rest of the World.
The drugs of abuse testing market has a strong foothold in North America and Europe, as countries in these regions are keen on promoting drug screening tests, including pre-employment screening, abstinence monitoring, random drug or alcohol screening, and post-incident screening at various levels. Furthermore, government initiatives in countries such as Australia and Japan for drugs of abuse testing will also drive the overall market in the coming years.
Some of the important players in the global drugs of abuse testing market are Thermo Fisher Scientific, Psychemedics Corporation, LabCorp (Laboratory Corporation of America), Abbott Laboratories, Roche Diagnostics, Alere, Sonic Healthcare, Randox Laboratories, Quest Diagnostic, and Bio-Rad Laboratories. The research report provides a comprehensive outlook of the overall market and also explains the competitive landscape of the global drugs of abuse testing market. It also provides accurate and exact information pertaining to the regulatory framework governing the overall market. The management styles, research and development activities, product portfolio, joint ventures, strategic mergers and acquisitions, and investment outlook of these companies have been studied in this market research report.
Browse Full Report@ http://www.transparencymarketresearch.com/drugs-abuse-testing-market.html
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Transparency Market Research is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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