Drug of Abuse Testing Market Forecast Report 2025: Revenue and Outlook by Industry Players
Category: #business  By Ronak Bora  Date: 2021-03-25
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Drug of Abuse Testing Market Forecast Report 2025: Revenue and Outlook by Industry Players

Drug of Abuse Testing Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

Rising incidence of drug abuse as well as unintentional drug overdose in patients is likely to drive the global drug of abuse testing market. These tests aid in screening for drug abuse, detecting drug intoxication or overdose, monitoring compliance with prescribed medications or to monitor someone with a substance abuse problem.

As per 2019 World Drug Report, around 35 million people globally are estimated to suffer from drug use disorders. The report also estimated that 53 million people used opioids in 2017 and two thirds of these 585,000 people who died were from a result of drug abuse.

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In a bid to accurately detect drug consumption, several law enforcement agencies are adopting drug of abuse testing devices. Moreover, rise in number of drug abuse testing labs in developing economies for effective management of patient health will favor industry growth. It has been anticipated that drug of abuse testing market size will reach US$4.8 billion in terms of annual valuation by 2025 worldwide.

Drug of abuse testing market is fragmented into distinguished testing products which include vivid types of analyzers, consumables, and rapid testing tools. Amongst these products, the rapid testing devices segment is likely to perform exceptionally well by 2025. For the records, the segment in 2018 acquired a revenue share of USD 1 billion in the global market.

These devices are deployed to offer on-site screening for drugs of abuse, saliva alcohol, and urine specimen thereby providing instant health outputs. Apart from these, the devices display accurate results in minimal time span and are expansively preferred over the conventional devices due to high feasibility and less complexity in operation. These factors are likely to promote the expansion of the segment in the upcoming years.

Segmented into urine, hair, and saliva sample tests, the saliva test segment is likely to leverage hefty proceeds in the drug abuse screening test domain over the mentioned timeframe attributing to its presumptive detection of substance.

Apparently, the drugs appear in oral fluid via passive diffusion from the bloodstream to salivary glands leading to the deliverance of more precise and specific results. Estimates claim that the segment is poised to record a growth rate of 6 per cent through 2025.

Considering the application sectorization, the law enforcement agencies are predicted to amass commendable gains by 2025 due to the surging needs for analyzers and rapid testing devices across these agencies. As per credible reports, the segment held over USD 700 million revenue share in 2018 and is anticipating high growth prospects in the near future. Apparently, the use of these devices in this segment would establish tremendous opportunities for the industry players. 

Browse full table of contents (TOC) of this report @  https://www.decresearch.com/toc/detail/drug-of-abuse-testing-market

Partial Chapter of the Table of Content 

Chapter 4. Drug of Abuse Testing Market, By Product

4.1. Key segment trends

4.2. Analyzers

4.2.1. Market size, by region, 2014 – 2025

4.2.2. Breath analyzers

4.2.2.1. Market size, by region, 2014 – 2025

4.2.3. Immunoassay analyzers

4.2.3.1. Market size, by region, 2014 – 2025

4.2.4. Chromatographic analyzers

4.2.4.1. Market size, by region, 2014 – 2025

4.3. Rapid testing devices

4.3.1. Market size, by region, 2014 – 2025

4.4. Consumables

4.4.1. Market size, by region, 2014 – 2025

Chapter 5. Drug of Abuse Testing Market, By Sample

5.1. Key segment trends

5.2. Urine

5.2.1. Market size, by region, 2014 – 2025

5.3. Saliva

5.3.1. Market size, by region, 2014 – 2025

5.4. Hair

5.4.1. Market size, by region, 2014 – 2025

5.5. Others

5.5.1. Market size, by region, 2014 – 2025

 

About Author

Ronak Bora    

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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