Pune, India, July 26, 2021 (GLOBE NEWSWIRE) -- Rising investment in developing novel products by market players for drug abuse is a factor driving the global drugs of abuse testing market, says Fortune Business Insights in a report, titled “Drugs Of Abuse Testing” Market, Share, Share and Global Trend By Product (Equipment, Consumables), By Sample Type (Saliva, Urine, Hair, Breath, Blood, Sweat), By Application (Medical Screening, Monitoring Pain Management, Forensic & Legal Information, Employment Drug Testing, Sports & Athletics Testing), By End User (Hospital, Forensic Labs, Diagnostic Centres, Speciality Clinics) and Geography Forecast till 2026.” The growing trend of employing medical screening for drug abuse is contributing growth to the global drugs of abuse testing market.
Request a Sample Copy of the Research Report:
Implmentation of Stringent Regulations by Government Will Facilitate Growth
The rising technological advancements in analyzers for multidrug detection is driving the global drugs of abuse testing market. The elevating growing trend of medical screening along with increasing investment by key players in developing novel products for drug abuse screening are factors predicted to augment the drugs of abuse testing market shares in the forthcoming year. Furthermore, enhanced stringent regulations by the government for making drug abuse screening obligatory is expected to boost drugs of abuse testing growth during the forecast period. Nonetheless, lack of awareness about drug abuse testing methods in underdeveloped countries is predicted to restrict the growth of global drugs of abuse testing revenue during the forecast period.
This report focuses on Drugs Of Abuse Testing Market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application. Regional analysis is another highly comprehensive part of the research and analysis study of the global market presented in the report. This section sheds light on the sales growth of different regional and country-level markets. For the historical and forecast period to 2028, it provides detailed and accurate country-wise volume analysis and region-wise market size analysis of the global market.
The COVID-19 pandemic has had a seismic effect on several economies across the globe. To curb the pandemic spread, the governments of several countries have ordered complete lockdown of industrial and human activities. This is expected to have a significant impact on the market in 2021. However, proactive steps by the industry leaders to revive the Healthcare industry will bode well for the growth of the market in the near future.
For More Information in the Analysis of Report: https://www.fortunebusinessinsights.com/industry-reports/drugs-of-abuse-testing-market-100870
Launch Of Strata®-X-Drug B Plus Will Encourage Growth
Phenomenex Inc., a global leader of innovative technologies unveiled Strata®-X-Drug B Plus. The new drug is a solid phase extraction (SPE) and will can be used for urine drug testing in clinical and forensic toxicology labs. Strata®-X-Drug B Plus is predicted to fuel witness high demand, stoked by the rising demand for drug abuse test kit, . owing to the Phenomenex’s Solvent Shielding Technology™, which allows enzyme hydrolysis to be passed out directly in the microplate well.
Thus, helping in reducing time requirements, transfer steps and cost. This factor is likely to promote the drugs of abuse testing growth. Furthermore, the approval from the FDA for testing device by key players is also adding growth to the global drugs of abuse testing revenue. For instance, the FDA granted 510 (k) approval to OralTox, a rapid oral fluid testing device manufactured by Premier Biotech, Inc. for testing of 8 different drugs.
Leading Players operating in the Drugs Of Abuse Testing Market are:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
- Siemens Healthcare GmbH,
- Abbott,
- Thermo Fisher Scientific Inc.,
- LifeSign LLC.,
- MP Biomedicals,
- Premier Biotech, Inc.,
- MEDACX Ltd.,
- Chromsystems Instruments & Chemicals GmbH,
- AccuBioTech Co. Ltd.,
- Screen Italia Srl,
- Paramedical s.r.l.
Quick Buy - Drugs Of Abuse Testing Market Research Report: https://www.fortunebusinessinsights.com/industry-reports/drugs-of-abuse-testing-market-100870
Availability of On-spot Testing Kits Will Aid Growth in North America
Geographically, the global drugs of abuse testing market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is presently dominating the global drugs of abuse testing market and is projecting to dominate during the forecast period owing to the strict government regulations for the use of prohibited drugs and the increasing availability of on-spot testing kits. Furthermore, the drugs of abuse testing market is predicted to grow at a considerable rate in Asia Pacific during the forecast period due to the increasing number of youngsters addicted to illicit drugs. Rising awareness by government organizations about the consumption of illicit drugs and their consequences along with new technological advancements in drugs of abuse testing methods is also fostering growth in the region.
Segmentation
By Product
- Equipment
- Immunoassay Analyzers
- Chromatography Instruments
- Breath Analyzers
- Consumables
- Rapid Test Kits
- Reagents
- Others
By Sample Type
- Saliva
- Urine
- Hair
- Breath
- Blood
- Sweat
By Application
- Medical Screening
- Monitoring Pain Management
- Forensic & Legal Information
- Employment Drug Testing
- Sports & Athletics Testing
By End-User
- Hospital
- Forensic Labs
- Diagnostic Centres
- Speciality Clinics
- Others
By Geography
- North America (U.S. and Canada)
- Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, and Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
Have Any Query? Ask Our Experts:https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/drugs-of-abuse-testing-market-100870
Report Focus:
- Extensive product offerings
- Customer research services
- Robust research methodology
- Comprehensive reports
- Latest technological developments
- Value chain analysis
- Potential Drugs Of Abuse Testing Market opportunities
- Growth dynamics
- Quality assurance
- Post-sales support
- Regular report updates
Get your Customized Research Report: https://www.fortunebusinessinsights.com/enquiry/customization/drugs-of-abuse-testing-market-100870
SECONDARY RESEARCH IS CONDUCTED TO DERIVE THE FOLLOWING INFORMATION:
- Details such as revenues, market share, strategies, growth rate, product & their pricing by region/country for all major companies
- Details in relation to prevalence, incidence, patient numbers, distribution of patients, average price of treatment, etc.
- Number of end user facilities by region/country and average annual spending or procurement of devices by type of end user facility
- Number of procedures and average price of procedures
- Replacement rate and pricing of capital equipment
- Market dynamics in relation to the market under focus – Drivers, restraints, trends, and opportunities
- Market & technological trends, new product developments, product pipeline.
About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: sales@fortunebusinessinsights.com
Fortune Business Insights™
LinkedIn | Twitter | Blogs