Drugs of Abuse Testing Trends and Forecast
The ffuture of the global drugs of abuse testing market looks promising with opportunities in the analyzers, rapid testing devices, consumables, and laboratory services markets. The global drugs of abuse testing market is expected to reach an estimated $4.21 billion by 2030 with a CAGR of 6.0% from 2024 to 2030. The major drivers for this market are increase in the population using alcohol and illegal substances like cocaine and marijuana and government restrictions and technical breakthroughs in drug testing and screening devices.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Drugs of Abuse Testing by Segment
The study includes a forecast for the global drugs of abuse testing by product & service, sample type, end use industry, and region.
Drugs of Abuse Testing Market by Product & Service [Shipment Analysis by Value from 2018 to 2030]:
• Analyzers
• Rapid Testing Devices
• Consumables
• Laboratory Services
Drugs of Abuse Testing Market by Sample Type [Shipment Analysis by Value from 2018 to 2030]:
• Urine
• Hair
• Oral Fluid
• Breath
• Others
Drugs of Abuse Testing Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:
• Workplaces and Schools
• Criminal Justice Systems and Law Enforcement Agencies
• Research laboratories
• Hospitals
Drugs of Abuse Testing Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Drugs of Abuse Testing Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies drugs of abuse testing companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the drugs of abuse testing companies profiled in this report include-
• Drgerwer KGAA
• Thermo Fisher Scientific
• Danaher Corporation
• Express Diagnostics International
• Bio-Rad Laboratories
• Quest Diagnostics Incorporated
• Siemens
• Laboratory Corporation
• Hoffmann-La Roche
• Abbott Laboratories
Drugs of Abuse Testing Market Insights
Lucintel forecasts that urine is expected to witness highest growth over the forecast period due to reduced cost of urine sample analysis, availability in large enough volumes, presence of drugs of abuse and/or their metabolites in greater concentrations, and accessibility to point-of-care testing.
Within this market, laboratory services will remain the largest segment.
APAC is expected to witness highest growth over the forecast period due to regionÄX%$%Xs growing usage of illicit drugs and the increase in occupational drug testing compliance among organizations.
Features of the Global Drugs of Abuse Testing Market
Market Size Estimates: Drugs of abuse testing market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Drugs of abuse testing market size by product & service, sample type, end use industry, and region in terms of value ($B).
Regional Analysis: Drugs of abuse testing market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product & service, sample type, end use industry, and regions for the drugs of abuse testing market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the drugs of abuse testing market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the drugs of abuse testing market size?
Answer: The global drugs of abuse testing market is expected to reach an estimated $4.21 billion by 2030.
Q.2 What is the growth forecast for drugs of abuse testing market?
Answer: The global drugs of abuse testing market is expected to grow with a CAGR of 6.0% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the drugs of abuse testing market?
Answer: The major drivers for this market are increase in the population using alcohol and illegal substances like cocaine and marijuana and government restrictions and technical breakthroughs in drug testing and screening devices.
Q4. What are the major segments for drugs of abuse testing market?
Answer: The future of the drugs of abuse testing market looks promising with opportunities in the analyzers, rapid testing devices, consumables, and laboratory services markets.
Q5. Who are the key drugs of abuse testing market companies?
Answer: Some of the key drugs of abuse testing companies are as follows:
• Drgerwer Kgaa
• Thermo Fisher Scientific
• Danaher Corporation
• Express Diagnostics International
• Bio-Rad Laboratories
• Quest Diagnostics Incorporated
• Siemens
• Laboratory Corporation
• Hoffmann-La Roche
• Abbott Laboratories
Q6. Which drugs of abuse testing market segment will be the largest in future?
Answer: Lucintel forecasts that urine is expected to witness highest growth over the forecast period due to reduced cost of urine sample analysis, availability in large enough volumes, presence of drugs of abuse and/or their metabolites in greater concentrations, and accessibility to point-of-care testing.
Q7. In drugs of abuse testing market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to regionÄX%$%Xs growing usage of illicit drugs and the increase in occupational drug testing compliance among organizations.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the drugs of abuse testing market by product & service (analyzers, rapid testing devices, consumables, and laboratory services), sample type (urine, hair, oral fluid, breath, and others), end use industry (workplaces and schools, criminal justice systems and law enforcement agencies, research laboratories, and hospitals), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Drugs of Abuse Testing Market, Drugs of Abuse Testing Market Size, Drugs of Abuse Testing Market Growth, Drugs of Abuse Testing Market Analysis, Drugs of Abuse Testing Market Report, Drugs of Abuse Testing Market Share, Drugs of Abuse Testing Market Trends, Drugs of Abuse Testing Market Forecast, Drugs of Abuse Testing Companies, write Lucintel analyst at email:Â helpdesk@lucintel.com. We will be glad to get back to you soon.