Global Drug of Abuse Testing Market is Growing Due to Increased Production and Trade of Illicit Drugs Worldwide: P&S Market Research

05 Jul, 2016, 09:30 ET from P&S Market Research

NEW YORK, July 5, 2016 /PRNewswire/ --

According to market research "Global Drug of Abuse Testing Market Size, Share, Development, Growth and Demand Forecast to 2022 - Industry Insights by Product (Equipment and Consumable), by Sample (Urine, Saliva, Hair, and Others), and by End-User (Hospital, Laboratory, Workplace, At Home, and Others)" by P&S Market Research, the global drug of abuse testing market was valued at $4,407.8 million in 2015, and it is expected to grow ata CAGR of 9.6% during the period 2016 - 2022. The drug of abuse testing market is growing, due to increased availability of drugs, increasing consumption of drugs,and increasing road accidents. In addition, the workplace drug of abuse testing is also increasing, in order to provide safer working environment, increase productivity and decrease absentism at work.

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Explore Report Description with Detailed TOC on "Global Drug of Abuse Testing Market" at: https://www.psmarketresearch.com/market-analysis/drug-of-abuse-testing

Among the different products for drug of abuse testing, the consumable segment is expected to witness the faster growth during the forecast period. Among the sample types,the urine testing segmentheld the largest sharein the global market in 2015, and it is expected to witness the fastest growth during the forecast period. Among the various end-users, the hospital segment held the largest share in the global market in 2015.

The use of illicit drugs is increasing globally, due to which, the demand for drug of abuse testing is expected to increase. In addition, the technological advancement in drug of abuse testing is leading to their increased acceptances in various settings. The aim of technological advancements in drug of abuse testing is to detect low concentration of drugs, and reduce timeconsumption.

The increasing drug of abuse testing at workplace acts as a major growth driver for the globaldrug of abuse testing market, as it is associated with productivity and safety of employees. The increased availability of drugs and itstrafficiking increases the acess of people to the drugs of abuse. As a result, several issues, such as increased road accidents, and decreased productivity at work is observed. By adopting the drug of abuse testing, such issues can be avoided to much extent.

Some of the key companies operating in the global drug of abuse testing market include Siemens HealthcareAG, F. Hoffmann-La Roche Ltd., Millipore Sigma, Danaher Corporation,Alere Inc., Abbott Laboratories, Drägerwerk AG & Co. KGAA, Express Diagnostics Int'l, Inc. Shimadzu Corporation, Waters Corporation, bioMérieux SA, Quest Diagnostics Inc., Laboratory Corporation of America Holdings, Randox Laboratories Ltd., Psychemedics Corporation, Sonic Healthcare Ltd.,Thermo Fisher Scientific Inc., and Bio-Rad Laboratories.

Browse Related Research at: https://www.psmarketresearch.com/industry-report/healthcare

GLOBAL DRUG OF ABUSE TESTING MARKET SEGMENTATION 

By Product 

  • Equipment
  • Consumable

BySample 

  • Urine
  • Saliva
  • Hair
  • Others

By End-user 

  • Hospital
  • Laboratory
  • Workplace
  • At Home
  • Others

By Geography 

  • North America- U.S., and Rest of North America
  • Europe- U.K., Germany, France, Italy, and Rest of Europe
  • Asia-Pacific - China, Japan, India, and Rest of Asia-Pacific
  • Rest of the World (RoW)- Brazil, and Rest of Rest of the World

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