Drug of Abuse Testing Market Industry Key Players, Share, Trend, Applications, Segmentation and Forecast to 2020

Market Synopsis of Drug of Abuse Testing Market:
Market Scenario:
Drug of abuse testing is based on diagnosing drug addiction, also called substance use disorder, requiring a thorough evaluation and often includes an assessment by a psychiatrist, a psychologist, or a licensed alcohol and drug counselor. Blood, urine or other lab tests are used to assess drug use, but they're not a diagnostic test for addiction. These tests may be used for monitoring treatment. The factor which may influence the growth of the drug of abuse testing market is increased use of drug testing at organizational level, increased production and trade of illicit drugs worldwide and others. Globally the market for drug of abuse testing is expected to grow at 5.3% CAGR from 2016 to 2020.

The global drug of abuse testing market has been examined as a swiftly growing market and expected to grow at a tremendous rate. Globally, market for drug of abuse testing is a high growth market. One of the main drivers of drug of abuse testing market is the increase in overall consumption of illegal drugs in developed as well as in developing countries. The number of collaborations and acquisitions in the market is increasing globally as more and more companies are trying to expand their portfolio, improve the quality and performance of their products.

Key Players For Drug Of Abuse Testing Market:
• Roche Holding Limited,
• Quest Diagnostics,
• Laboratory Corporation Of America Holdings,
• Alere Inc,
• Abbott Laboratories,
• Randox Laboratories Ltd,
• Psychemedics Corporation,
• Bio-Rad Laboratories, Inc,
• Sonic Healthcare
• Thermo Fisher Scientific Inc.

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Key Finding
• The global drug of abuse testing market is expected to reach $3.0 billion in 2020, mainly driven by increased use of illicit drugs and need of drug abuse testing at organizational level.
• Onsite testing market is more than double the size of laboratory testing due to ease of use, cost effectiveness and immediate results.
• Urine followed by saliva is the most common specimen used in the drug of abuse testing. Hair as a specimen is also becoming a more effective way for testing long term drug use.
• North America was the largest market by geography for drug abuse testing in 2014, with 76.4% share of the total market

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Commenting on the report, an analyst from Market Research Future (MRFR)’s team said: The market for drug of abuse testing is growing at a rapid pace and is expected to continue its growth in coming future. Globally drug of abuse testing market is a high growth market. The growth of the market is likely to driven by Increase in the consumption of illegal drugs, increased use of drug testing at organizational level, increased production and trade of illicit drugs worldwide. There are various factors and opportunities which help the drug of abuse testing market to grow but there are some factors which are against the market and hampering the growth and development of the industry. The factor which may hamper the growth of the drug of abuse testing market is the social issues associated with drug abuse testing.

Table of Content

Chapter 1. Research Scope & Methodology
1.1 Market Definition
1.2 Market Breakdown by Type of Tests, Sample
1.3 Market Breakdown by Geography
1.4 Research Methodology and Sources
Chapter 2. Executive Summary
2.1 Key Findings
2.2 Research Summary
Chapter 3. Market Outlook
3.1 Introduction
3.1.1 International Drug Trafficking
3.1.2 Drug trafficking and illicit drug use in North America
3.1.3 Drug trafficking and illicit drug use in Europe
3.1.4 Drug trafficking and illicit drug use in Asia-Pacific
3.2 Technology Analysis – Drug Abuse Testing Market
3.2.1 Chromatography technology
3.2.2 Immunoassay technology
3.3 Single vis-à-vis Multiple Parameter Test
3.4 Factors Driving the Market and its Impact on Market Forecast
3.4.1 Increased use of drug testing at organizational level
3.4.2 Increased production and trade of illicit drugs worldwide
3.4.3 Global increase in road accidents and death rates
3.4.4 Increase in the consumption of illegal drugs
3.4.5 Impact analysis of drivers on market forecast
3.5 Factors Hindering the Market and its Impact on Market Forecast
3.5.1 Legalization of drugs
3.5.2 Social issues associated with drug abuse testing
3.5.3 Inability of testing products to detect low-dose designer drugs
3.5.4 Impact analysis of restraints on market forecast
Chapter 4. Global Market Size & Forecast (2011-2020)
Continue……………

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