An Incisive, In-depth Analysis on the Drug Of Abuse Testing Market
This study offers a comprehensive, 360 degree analysis on the Drug Of Abuse Testing market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Drug Of Abuse Testing market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Drug of Abuse Testing Market - Key Research Findings
- The global drug of abuse testing market in 2019 is estimated to be valued ~ US$ 1,300
- The drug of abuse testing market is anticipated to grow at a CAGR of ~5% during the forecast period of 2019-2029.
- Immunoassay is expected to remain as the most preferred technique for drug of abuse testing among the healthcare professionals.
- The growth in demand for immunoassays can be primarily attributed to the shift towards the adoption of on-the-spot testing and higher adoption of disposable point of care blood testing devices.
- North America is anticipated to account for ~29% of the revenue shares in the drug of abuse testing market by the end of 2029.
- The drug of abuse testing market in North America is expected to gain increasing popularity over the forecast period, due to rise in number of clinical laboratories offering drugs of abuse testing services in the region along with various favourable government initiatives.
- Forensic laboratories are projected to continue to be the prominent end-user, creating lucrative growth opportunities for drug of abuse testing market players.
- Over the recent past, the use of drug of abuse testing in forensic laboratories has witnessed significant growth. The increased demand for proper testing of individuals using illicit drugs is expected to skyrocket the growth of the 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.
Drug of Abuse Testing Market Analysis 2019-2029
A recent market study published by Future Market Insights on the drug of abuse testing market includes global industry analysis 2014-2018 & opportunity assessment 2019-2029, and delivers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical as well as current growth parameters of the drug of abuse testing market, the growth prospects of the market are obtained with maximum precision.
Drug of Abuse Testing Market: Segmentation
The global drug of abuse testing market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.
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Report Chapters
Chapter 01 – Executive Summary
The report initiates with the executive summary of the drug of abuse testing market, which includes a summary of key findings and statistics of the market. It also includes drivers and trends pertaining to the drug of abuse testing market.
Chapter 02 – Market Overview
Readers can find the definition and a detailed segmentation of the drug of abuse testing market in this chapter, which will help them understand the basic information about the drug of abuse testing market. Along with this, comprehensive information pertaining to drug of abuse testing and their properties are provided in this section. This section also highlights the inclusions and exclusions, which helps the reader understand the scope of the drug of abuse testing market report.
Chapter 03 – Market Dynamics
This section gives information about drivers, and restraints of the drug of abuse testing market. This section also includes various opportunities and key trends of the drug of abuse testing market.
Chapter 04 – Market Context
This section gives information about upcoming pipeline products, PEST analysis, Porter’s Five Forces Model, and regulatory scenario of the drug of abuse testing market.
Chapter 05 – Global Drug of Abuse Testing Market Demand Analysis 2014-2018 & Opportunity Assessment 2019-2029
This section explains the global market value analysis and forecast for the drug of abuse testing market between the forecast periods of 2019-2029. This chapter includes a detailed analysis of the historical drug of abuse testing market, along with an opportunity analysis of the future. Readers can also find the absolute $ opportunity for the current year (2019), and an incremental $ opportunity for the forecast period (2019–2029).
Chapter 06 – Global Drug of Abuse Testing Market Analysis 2014-2018 & Opportunity Assessment 2019-2029, by Drug Type
Based on drug type, the drug of abuse testing market is segmented into psychostimulants, narcotic, cannabinoids, sedatives and others. In this chapter, readers can find information about the key trends and developments in the drug of abuse testing market and market attractiveness analysis based on the type.
Chapter 07 – Global Drug of Abuse Testing Market Analysis 2014-2018 & Opportunity Assessment 2019-2029, by Technique
Based on technique, the drug of abuse testing market is segmented into immunoassay, chromatography and rapid testing. In this chapter, readers can understand the market attractive analysis based on technique.
Chapter 08 – Global Drug of Abuse Testing Market Analysis 2014-2018 & Opportunity Assessment 2019-2029, by End User
This chapter provides details about the drug of abuse testing market based on the end user, and has been classified into hospitals, diagnostics laboratories, forensic laboratories and others. In this chapter, readers can understand the market attractive analysis based on the end user.
Chapter 08 – Global Drug of Abuse Testing Market Analysis 2014-2018 & Opportunity Assessment 2019-2029, by Region
This chapter explains how the drug of abuse testing market will grow across various geographic regions such as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and Middle East & Africa (MEA).
Chapter 09 – North America Drug of Abuse Testing Market Analysis 2014-2018 & Opportunity Assessment 2019-2029
This chapter includes a detailed analysis of the growth of the North America drug of abuse testing market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find the regional trends, and market growth based on the drug type, technique, end user, and countries in North America.
Chapter 10 – Latin America Drug of Abuse Testing Market Analysis 2014-2018 & Opportunity Assessment 2019-2029
This chapter provides the growth scenario of the drug of abuse testing market in Latin American countries such as Brazil, Mexico, and the Rest of Latin America. Along with this, assessment of the market across target segments has been provided.
Chapter 11 – Western Europe Drug of Abuse Testing Market Analysis 2014-2018 & Opportunity Assessment 2019-2029
Important growth prospects of the drug of abuse testing market based on its end users in several countries such as the U.K., France, Germany, Spain, Italy, Nordics and the Rest of Western Europe are included in this chapter.
Chapter 11 – Eastern Europe Drug of Abuse Testing Market Analysis 2014-2018 & Opportunity Assessment 2019-2029
Important growth prospects of the drug of abuse testing market based on its end users in several countries such as Russia, Poland and the Rest of Eastern Europe are included in this chapter.
Chapter 12 – Asia Pacific excluding Japan (APEJ) Drug of Abuse Testing Market Analysis 2014-2018 & Opportunity Assessment 2019-2029
In this chapter, China, India, Australia and New Zealand, ASEAN and Rest of Asia Pacific countries are the prominent countries in the Asia Pacific excluding Japan region that are the prime subjects of assessment to obtain the growth prospects of the APEJ drug of abuse testing market. Readers can find detailed information about the growth parameters of the APEJ drug of abuse testing market during the forecast period of 2019-2029.
Chapter 13 – Japan Drug of Abuse Testing Market Analysis 2014-2018 & Opportunity Assessment 2019-2029
This section highlights the growth prospects of the drug of abuse testing market for Japan, during the forecast period of 2019-2029
Chapter 14 – MEA Drug of Abuse Testing Market Analysis 2014-2018 & Opportunity Assessment 2019-2029
This chapter provides information about how the drug of abuse testing market will grow in major countries in the MEA region such as GCC Countries, South Africa, and the Rest of MEA, during the forecast period of 2019-2029.
Chapter 15 – Competition Analysis
In this chapter, readers can find a comprehensive list of all the prominent stakeholders in the drug of abuse testing market, along with a detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report 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.
Chapter 16 – Assumptions and Acronyms
This chapter includes a list of acronyms and assumptions that provides a base to the information and statistics included in the drug of abuse testing market report.
Chapter 17 – Research Methodology
This chapter help readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the drug of abuse testing market.
Sources and Primary Research Splits (%):-
Industry Interactions:-
- C - Level Executives
- Marketing Directors
- Product Managers
- Business Development Officers
- Production Managers
- Procurement Heads
- Sales Executives
- Distributors
- Traders
- Raw Material Suppliers
- Industry Experts
- End Users
- Current Market Dynamics and Challenges
- Yesteryear Trends
- Market Characteristics
- Market Performance and Growth Quadrants
- Competition Structure and Market Structure
- Strategic Growth Initiatives
- Near-term and Long-term Market Growth Prospects
- Market Segment Splits and Authenticity
- Opinions on Market Projections and Validity of Assumptions
References Catalogue:-
- Industry Publications
- Journal of Substance Abuse Treatment
- American Journal of Drug and Alcohol Abuse
- Journal of Drug Issues
- Industry Associations
- Substance Abuse and Mental Health Services Administration
- Centers for Medicare and Medicaid Services
- Department of Health and Human Services
- National Survey on Drug Use and Health
- Factiva
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites
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