Drug of Abuse Testing Market Estimated to Reach USD 3 Billion Revenue by 2020

PUNE, India, Jan. 18, 2017 /PRNewswire/ -- Market Research Future has a Cooked Research Report on Drug of Abuse Testing Market. The Global Drug of Abuse Testing Market is expected to reach USD 3.00 Billion by 2020 at CAGR of 5.3% from 2016 to 2020

Market Highlights

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.

Access market information presented through more than 51 market data tables and figures spread over 66 numbers of pages of the project report "Drug of Abuse Testing Market"

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Drug of Abuse Testing Market Key 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.

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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.

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