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Global Drug of Abuse (DOA) Testing Market is Expected to Reach $4 Billion by 2020: P&S Market Research


News provided by

P&S Market Research

Dec 04, 2015, 07:30 ET

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NEW YORK, December 4, 2015 /PRNewswire/ --

Drug of abuse testing is based on diagnosing drug addiction, also called substance use disorder, requiring a thorough evaluation and often includes an assessment by a psychiatrist, a psychologist, or a licensed alcohol and drug counselor. Blood, urine or other lab tests are used to assess drug use, but they're not a diagnostic test for addiction. These tests may be used for monitoring treatment. The testing technologies consist of immunoassay technique and chromatography technique, used for both onsite as well as laboratory testing.

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

The use of illicit drugs is rising every year globally and has become a big concern for countries including the U.S., the U.K. Japan, Germany, India and China. Illicit drugs in use include heroin, cannabis, cocaine, ecstasy and amphetamine. With a rapid increase in drug trafficking, the need for drugs for abuse testing has been on rise. There are several factors driving the drug of abuse testing market, such as increased drug testing needs at the organizational level, a global rise in the use of illegal drugs and increase in the consumption of illicit drugs.

On the other hand, the drug of abuse testing market is impacted by social concerns attached with workplace drug testing and legalization of various illicit drugs. In November 2012, Colorado and Washington State legalized possession of small amounts of marijuana for private recreational use.

According to data from the UNODC and European crime-fighting agency Europol, the annual global drugs trade is worth around $435.0 billion a year, with the annual cocaine trade worth $84 billion.

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

On the basis of type of tests, the market is divided into laboratory testing and onsite testing. Laboratory based tests requires skilled and trained personnel for providing detailed analysis. Whereas, onsite drugs of abuse testing provide immediate results. And on the basis of sample used for testing, urine is the preferred sample type. Hair, oral fluid and sweat are the other preferred samples used for drugs of abuse testing.

Key findings of Drug of Abuse Testing Market: 

  • The global drug of abuse testing market is expected to reach $3.9 billion in 2020, mainly driven by increased use of illicit drugs and need of drug abuse testing at organizational level.
  • Onsite testing market is more than double the size of laboratory testing market due to ease of use, cost effectiveness and immediate results.
  • Urine followed by saliva is the most common specimen used in the drug of abuse testing. Hair, as a specimen, is also becoming a more effective way for testing long term drug use.
  • North America was the largest market by geography for drug abuse testing in 2014, with 76.4% share of the total market. It was followed by Europe with 16.4% share and Asia with a 4.7% share of the total market.

Browse Other Reports 

Cleanroom Technology Market - https://www.psmarketresearch.com/market-analysis/cleanroom-technology-market

Synthetic Biology Market - https://www.psmarketresearch.com/market-analysis/synthetic-biology-market

Sleeping Aids Market - https://www.psmarketresearch.com/market-analysis/sleeping-aids-market

About P&S Market Research 

P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.

As one of the top growing market research agency, we're keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.

Contact:
Ms Somya
Manager - Client Partner
347, 5th Ave. #1402
New York City, NY - 10016
Toll-free: +1-888-778-7886 (USA/Canada)
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com

SOURCE P&S Market Research

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