Global Drug of Abuse Testing Market Size Worth USD 9419.56 Million by 2030

Pune, India, December 27, 2022 /MRFR Press Release/- Market Research Future has a Cooked Research Report on Global Drug of Abuse Testing Market.

Market Highlights                   

Global Drug of Abuse Testing Market is expected to reach USD 9419.56 Million at 7.9% CAGR during the period 2022-2030. 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.

Global Drug of Abuse Testing Market Players:                                                        

The major players of this market are: 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 and Thermo Fisher Scientific Inc

Regional Analysis:

North America is one of the fastest growing regions for drug of abuse testing market; the growth in mainly attributable to an increasing use of illicit drugs in the region. In South and Central America and the Caribbean, use of cocaine remains high, especially in South America, where cocaine use is currently at levels comparable to high-prevalence regions. Europe is amongst one of the largest markets for alcohol breathalyzer and drug testing equipment. The Asian market is expected to show high growth rate in the drug testing equipment, mainly due to rise in alcohol consumption and strict government rules and regulations about testing alcohol consumption in the region.

Explore In-depth Details: Drug of abuse testing market research report

Segmentation:

The market is mainly segmented into test type and samples. Furthermore the test type is segmented into onsite screening test and laboratory drug testing. On the bases of samples the market is segmented into urine, hair, saliva and others 

Urine, saliva and hair are the most common specimens used in the onsite screening tests. Whilst for many years, urine testing has been considered the standard in onsite testing; saliva testing is growing. These tests give immediate results and are highly preferred at workplace and educational institutions. Mostly, the onsite screening test kits are designed for urine and saliva specimen.