PUBLISHER: Lucintel | PRODUCT CODE: 1417200
PUBLISHER: Lucintel | PRODUCT CODE: 1417200
The ffuture of the global drugs of abuse testing market looks promising with opportunities in the analyzers, rapid testing devices, consumables, and laboratory services markets. The global drugs of abuse testing market is expected to reach an estimated $4.21 billion by 2030 with a CAGR of 6.0% from 2024 to 2030. The major drivers for this market are increase in the population using alcohol and illegal substances like cocaine and marijuana and government restrictions and technical breakthroughs in drug testing and screening devices.
A more than 150-page report is developed to help in your business decisions.
The study includes a forecast for the global drugs of abuse testing by product & service, sample type, end use industry, and region.
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies drugs of abuse testing companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the drugs of abuse testing companies profiled in this report include-
Lucintel forecasts that urine is expected to witness highest growth over the forecast period due to reduced cost of urine sample analysis, availability in large enough volumes, presence of drugs of abuse and/or their metabolites in greater concentrations, and accessibility to point-of-care testing.
APAC is expected to witness highest growth over the forecast period due to region's growing usage of illicit drugs and the increase in occupational drug testing compliance among organizations.
Market Size Estimates: Drugs of abuse testing market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Drugs of abuse testing market size by product & service, sample type, end use industry, and region in terms of value ($B).
Regional Analysis: Drugs of abuse testing market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product & service, sample type, end use industry, and regions for the drugs of abuse testing market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the drugs of abuse testing market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
Q.1 What is the drugs of abuse testing market size?
Answer: The global drugs of abuse testing market is expected to reach an estimated $4.21 billion by 2030.
Q.2 What is the growth forecast for drugs of abuse testing market?
Answer: The global drugs of abuse testing market is expected to grow with a CAGR of 6.0% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the drugs of abuse testing market?
Answer: The major drivers for this market are increase in the population using alcohol and illegal substances like cocaine and marijuana and government restrictions and technical breakthroughs in drug testing and screening devices.
Q4. What are the major segments for drugs of abuse testing market?
Answer: The future of the drugs of abuse testing market looks promising with opportunities in the analyzers, rapid testing devices, consumables, and laboratory services markets.
Q5. Who are the key drugs of abuse testing market companies?
Answer: Some of the key drugs of abuse testing companies are as follows.
Q6. Which drugs of abuse testing market segment will be the largest in future?
Answer: Lucintel forecasts that urine is expected to witness highest growth over the forecast period due to reduced cost of urine sample analysis, availability in large enough volumes, presence of drugs of abuse and/or their metabolites in greater concentrations, and accessibility to point-of-care testing.
Q7. In drugs of abuse testing market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to region's growing usage of illicit drugs and the increase in occupational drug testing compliance among organizations.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.