Global Drug Abuse Testing Market Analysis
Drug Abuse Testing Market will attain US$ 11.87 billion by 2032, up from US$ 6.17 billion in 2023, with a CAGR of 7.53% between 2024 and 2032.Drug Abuse Testing Outlooks
Drug testing is a critical process intended to determine which specific substances, legal or prohibited, an individual has ingested. It is an important technique utilized in many spheres in life including workplaces, schools, sports activities, legal or even in medical practices. Serving a critical role in safety, policy, compliance, and standard protection from typical well-being, these assessments entail the use of techniques along with urine, blood, saliva, hair, and sweat valuation. Also, they are involved in the detection of substance use, the monitoring of treatment applications, and the discouragement of drug use. Altogether, drug abuse testing is an integral component of initial prevention strategies, enabling the regulation of dependence and supporting attempts to sustain the absence of drugs in the professional and personal domains.Driving Forces for Drug Abuse Testing
Excessive alcohol and drug use: The higher prevalence rates of substance abuse across different populations, especially the youths and adolescents, evidently propels the drug abuse testing industry. This rising trend in drug use requires the use of testing applications to detect and influence substance use and abuse in persons. This trouble is definitely focused on governments, healthcare agencies and community programs aiming at Optimising it, thus enhancing demand for drug testing service. This is through drug abuse checking out; it assists in early identification thus offering medication earlier and reducing overall social and economic cost to the society. According to provisions made by the WHO, to the World Drug Report of 2023, the census of drug users has expanded due to the diversity of customers, and 1 in 7 people who are in the ages of 15-24 admitted to having used treatment in the year 2022. The record also described that the number of drug customers is indeed vast, which estimated up to 296 million individuals and accounted for 5.8 concerning the global audience between the age 15-64. The above trend in the use of substances is expected to put more pressure on the cell drug industry in testing solutions and techniques in the marketplace.Regulatory and Workplace Requirements: Strict rules and guidelines pruned at work places, educational institutions and sports activities organizations are the key factors for the growth of the drug abuse testing market. Various industries require the implementation of drug testing in order to maintain a safe as well as an environmentally sustainable workplace. Schools alongside other institutions such as faculties and faculties on the similar method hire drug testing as a strategy of discouraging learners from taking drugs. Besides, it will be important for the corporations related to sports to look into furthering fair competition and safeguarding the health of the athletes. Any regulation tends to always cover drug testing offerings, to ensure both adherence to the standards specified as well as safety of the delivery to different categories of consumers.
Awareness Programs: Increasing concern for the effects of drugs on fitness and the value of the early identification of the issue to encourage to recover stimulates the drug abuse test market. It is important to stress that tasks within the sphere of public health activity and popularization of awareness campaigns disregard complete programs of substance abuse prevention and cure and include regular drug testing. This facility proposes the use of drug testing to track patient improvement and adherence to the prescription regimens offered by healthcare sellers and rehabilitation facilities. Such endeavors, backed by governmental and non-governmental bodies, cultivate a preventive strategy to managing as well as minimizing the consequences of substance dependence, essentially popularizing the market for drug testing services.
Technological Advancement: The versatility in drug testing technologies has a lot to do with the boost of growth the market has undergone through. They have relations to the refinement of various facets of the drug testing process be it precision, efficiency, or user-friendliness. For instance, the development in such drug testing products as the rapid testing kits has escalated by providing speedy and accurate results. Moreover, the development of the non-invasive tests, which include saliva and hair checks, has provided other options concerning people that are subjected to drug testing.
Moreover, the incorporation of strategies in virtual health systems for effects tracking and reporting has enhanced the full drug testing procedure’s ease and feasibility. Such advancements have helped to decrease the time taken in getting the look at effects and increase the users’ compliance with the testing procedures. Furthermore, those advancements have rendered it possible to increase the options of the drug testing packages in various facility types, ranging from scientific facilities or chemistry-based testing to home testing services. These improvements have dramatically transformed the drug testing further that makes it more efficient and flexible in any healthcare and non-healthcare organizations.
Asia Pacific Drug Abuse Testing Market
The drug abuse testing market in the Asia Pacific is steadily rising on account of the enhancing cost of substance related issues and more emphasis on early diagnose and prevent techniques. Countries like China, India, and Japan have witnessed an increase in the cases of the abuse of drugs hence leading the governments and the companies to adopt strict drug testing measures in workplaces, colleges, and rehabilitation centers. New testing techniques that are faster than urine testing and the new drug testing kits also drive this market by offering accurate and quick results.Asian drug abuse testing market is emerging because of advancement in health care facilities, rising position in public health tasks pertaining to funding, complicity between government agencies and private companies and the implementation of drug testing in regulation enforcement and forensic programs.
Drug Abuse Testing Company Analysis
Some of the giant companies that have made a mark in the drug abuse testing industry include Danaher Corporation, LabCorp, Abbott Laboratories, Quest Diagnostics, Thermo Fisher Scientific Inc, F. Hoffmann-La Roche Ltd., Bio-Rad Laboratories Ltd. and Medtronic Plc. These groups provide a wide range of drug testing products such as testing kits, laboratories, and new electronics and chemical for drug identification and analysis. These contributions facilitate maintaining safe places of work, policing duties, and health risk assessment processes.Drug Abuse Testing Company News
In February 2024, OraSure Technologies Inc. (OSUR) highlighted solid financial performance during its profit call, with increased operating income, expanded gross margins, and a robust cash balance.In February 2024, Veriteque (US) and OraSure Technologies (US) agreed to a distribution deal for SwabTek test kit products. OraSure's oral fluid screening solutions will complement Veriteque's SwabTek brand presumptive field test kits.
In December 2023, Quest Diagnostics (US) launched a new confirmatory testing service for novel psychoactive substances (NPS). The panel tests cover 88 different compounds from various drug classes, including synthetic cannabinoids, designer stimulants, opioids, benzodiazepines, fentanyl analogs, and other additives found in illicit drugs.
In July 2023, seven global regulators intend to seek medical approvals from the MHRA in the Euro Roundup.
In August 2022, The Delaware Division of Public Health added fentanyl strips to Narcan kits to prevent unintentional overdoses from fentanyl use.
Product & Services - Market breakup in 4 viewpoints:
1. Analysers2. Rapid Testing Devices
3. Consumables
4. Laboratory Services
Sample Type - Market breakup in 5 viewpoints:
1. Urine2. Oral Fluid
3. Breath
4. Hair
5. Others
Drug Type - Market breakup in 7 viewpoints:
1. Alcohol2. Cannabis/Marijauna
3. Cocaine
4. Opioids
5. Amphetamine & Methaphetamine
6. LSD
7. Others
Country - Market breakup of 25 Countries:
1. North America1.1 United States
1.2 Canada
2. Europe
2.1 France
2.2 Germany
2.3 Italy
2.4 Spain
2.5 United Kingdom
2.6 Belgium
2.7 Netherland
2.8 Turkey
3. Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 South Korea
3.5 Thailand
3.6 Malaysia
3.7 Indonesia
3.8 Australia
3.9 New Zealand
4. Latin America
4.1 Brazil
4.2 Mexico
4.3 Argentina
5. Middle East & Africa
5.1 Saudi Arabia
5.2 UAE
5.3 South Africa
All the key players have been covered from 4 Viewpoints:
- Business Overview
- Product Portfolio
- Recent Development & Strategies
- Revenue Analysis
Key Players Analysis:
1. Danaher Corporation2. LabCorp
3. Abbott Laboratories
4. Quest Diagnostics
5. Thermo Fisher Scientific Inc.
6. F. Hoffmann-La Roche Ltd.
7. Bio-Rad Laboratories Ltd.
8. Medtronic Plc.
Table of Contents
Companies Mentioned
- Danaher Corporation
- LabCorp
- Abbott Laboratories
- Quest Diagnostics
- Thermo Fisher Scientific Inc.
- Hoffmann-La Roche Ltd.
- Bio-Rad Laboratories Ltd.
- Medtronic Plc.
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 240 |
Published | July 2024 |
Forecast Period | 2023 - 2032 |
Estimated Market Value ( USD | $ 6.17 Billion |
Forecasted Market Value ( USD | $ 11.87 Billion |
Compound Annual Growth Rate | 7.5% |
Regions Covered | Global |
No. of Companies Mentioned | 8 |