Drug of Abuse Testing Market

Key Factors Shaping the Drug of Abuse Testing Market

• Rising Number of Clinical Laboratories

  The increasing number of clinical laboratories offering drugs of abuse testing services has been largely contributing to the market growth. Moreover, significant rise in the number of physician laboratories, hospital-based laboratories, independent laboratories and retail clinics for sample collection and performing tests for screening of various drugs are expected to fuel the growth of the drug of abuse testing market.

  For instance, Centers for Medicare and Medicaid Services and Department of Health and Human Services in the U.S. have estimated that there were nearly 137,000 clinical laboratories in the U.S. alone in 2015. This number is increasing gradually year by year, due to advancements in the diagnostic industry and growing availability of low-cost equipment. Such factors are likely to play an important role in improving market vendors’ bottom lines as well as growth strategies.

• Transition from Laboratory-based Screening to Disposable Equipment

  Due to an elevated price of lab-based screening tests, and the expertise and resource needed in transfer of technique from collection site to the lab, the shift towards the adoption of on-the-spot testing is witnessing a rapid increase. Such factors are anticipated to provide a boost to the growth of the drug of abuse testing market.

  Moreover, businesses are also developing new, easy-to-use disposable drug of abuse testing systems at reasonable rates, catering to increasing demand from various end users. Thus, the growth of the drug of abuse testing market is expected to be driven by the growing inclination towards new technologies, over the forecast period.

• Manufacturers Focusing on Awareness Initiatives

  In order to increase customer pool, drug of abuse testing providers and manufacturers of the drug abuse test kits are focusing on creating awareness among patients and drug store owners about the effects of drug abuse and importance of drug screening. Various businesses are also providing the law enforcement agencies with instruction on identifying prospective drug and alcohol abusers and information on using drug abuse tests.

  For instance, companies such as Quest Diagnostics Inc., Express Diagnostics International Inc. and others are providing training on identification and handling of test drugs through training programs or online services. Thus, such initiatives are expected to create new opportunities and scope for market players to flourish in the drug of abuse testing market.

Drug of Abuse Testing Market Structure Analysis

• The global drug of abuse testing market is a fairly competitive market. Quest Diagnostics, Roche Holding AG, Siemens AG (Siemens Healthineers), and Thermo Fisher Scientific, Inc. are the key players contributing maximum revenue share to the market.
• Business expansion through acquisitions, mergers, partnerships and collaborations are policies pursued by leading participants in the drug of abuse testing market.
• Notable R&D investments for efficient and cost effective testing methods are expected to increase the growth opportunities for the drug of abuse testing market.
• Key players participating in the drug of abuse testing market are Quest Diagnostics, Roche Holding AG, Thermo Fisher Scientific, Inc., Siemens AG (Siemens Healthineers), Abbott Laboratories (Alere, Inc.), Shimadzu Corporation, Express Diagnostics International Inc., Drägerwerk AG & Co. KGaA, and Laboratory Corporation of America Holdings.
• The local and global business participants are benefiting from a significant marketing network of distributors in regional and foreign lands.

FREQUENTLY ASKED QUESTIONS ABOUT DRUG OF ABUSE TESTING MARKET

Why drug of abuse testing market is expected to evidence mid-single digit growth rate in the future?

Growing abuse of prescription drugs, awareness initiatives from the manufacturers and rise in number of clinical laboratories offering drugs of abuse testing services are the key factors expected to increase adoption of drug of abuse testing among the end-users.

What factors may negatively impact the target market ?

Poor social structure, low awareness related to the effects of drug abuse and weak antidrug policies have failed to create the potential market for drug abuse testing service providers and product manufacturers..

Which type of technique holds the high market potential?

Immunoassay technique is expected to hold the largest share in the market and is expected to continue to do so during the forecast period.

What is the competitive nature of the current drug of abuse testing market?

The drug of abuse testing market is highly consolidated market with leading industry players holding over three fourth of the market.

Which region will lead the global sales of drug of abuse testing market?

North America is currently dominating region in the global drug of abuse testing market and expected to remain at the leading position in the future.

Key Segment

Drug

• Psychostimulants
• Narcotic
• Cannabinoids
• Sedatives
• Others

Technique

• Immunoassay
• Chromatography
• Rapid Testing

End User

• Hospitals
• Diagnostics Laboratories
• Forensic Laboratories
• Others

Region

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• Middle East and Africa