FMI: Drug Of Abuse Testing Market Value Share, Supply Demand 2016-2026

Drug abuse is a serious health problem and addiction that affects people at all age groups. Drug abuse has reported many serious illness and injuries in the recent past. Drugs such as methamphetamine, anabolic steroids, cocaine, heroin, inhalants, marijuana etc. tend to cause addiction, however besides addiction, drug abuse is related to a variety of health problems and causes severe illness. Moreover Drug abuse also plays a role in many major social problems, such as drugged driving, violence, stress, and child abuse etc. thus drug abuse needs to be controlled and monitored. This can be done through drug testing, which can govern drug use and plays a vital part in the current evaluation and treatment of drug abuse.

There has increasing use of drug testing worldwide for example, associations like World Anti-Doping Agency uses drug of abuse testing devices to measure whether any steroids are taken by the sports athletes. Drug of abuse testing market comprises of many devices and kits which helps in measuring the drug intake.

The main factor driving the growth of global drug of abuse testing market is mounting awareness and stringent rules by the government regarding intake of several harmful drugs. The growth of drug of abuse testing market is primarily attributed to increase in consumption of alcohol, drug abuse and rise in the incidences of chronic diseases over the forecast period. Secondly presence of advanced testing devices available in the market also drives the market for drug of abuse testing devices for example over consumption of alcohol has led to the boost in the requirement for blood alcohol content level testing devices such as breathalysers. However apart from the factors leading to the growth of this market, there are some restraints hampering the market growth over the forecast period for example lesser number of skilled technicians and lower accuracy of the devices.

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The Drug of Abuse Testing market is segment based on the product type and end user.

Drug of Abuse Testing market is segmented into following types:

Segmentation by product type

Equipment

Immunoassay Analysers

Chromatography Instruments

Alcohol Breathalysers

Rapid Testing Devices

Urine Testing Devices

Oral Fluid Testing Devices

Consumables

Assay kits

Sample Collection Cups

Others

Segmentation by End User

Hospitals

Government departments

Drug rehabilitation centers

Pain management centers

Drug testing laboratories

Others

Technologically advanced testing device systems and stringent government norms in different countries is expected to create tremendous opportunities for the market growth in the forthcoming years.

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On the basis of region presence, the platelet concentration system is segmented into five key regions: North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

The rapid development in technology, multiple applications and increasing technologically advanced compact portable drug of abuse testing devices are some of the key factors projected to drive the growth of drug of abuse testing market globally during the forecast period. North America holds a major share of market and it is expected to grow with a healthy CAGR over the forecast period. Whereas Asia pacific is projected to grow with the fastest CAGR due to factors such as increasing consumption of alcohol and drug addiction among the youth.

Drug of Abuse Testing Market: Market Players

Some of the key market players in the global platelet concentration systems includes, Quest Diagnostics, Alere, Inc., Roche Diagnostics, Thermo Fisher Scientific, Inc., Siemens Healthcare (Germany), Biomedical Diagnostics, BioMerieux, Abbott Laboratories, Bio-Rad, Beckman Coulter etc. whereas there are many local players within this market.

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This release was published on openPR.