Drug of Abuse Testing Market, Analysis, Size, Share, Growth and Forecast to 2022


Posted January 10, 2017 by psmarket

The global drug of abuse testing market was valued at $4,407.8 million in 2015, and it is expected to grow ata CAGR of 9.6% during the period 2016 - 2022.
 
The drug of abuse testing market is growing, due to increased availability of drugs, increasing consumption of drugs,and increasing road accidents. In addition, the workplace drug of abuse testing is also increasing, in order to provide safer working environment, increase productivity and decrease absentism at work.

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Among the different products for drug of abuse testing, the consumable segment is expected to witness the faster growth during the forecast period. Among the sample types,the urine testing segmentheld the largest sharein the global market in 2015, and it is expected to witness the fastest growth during the forecast period. Among the various end-users, the hospital segment held the largest share in the global market in 2015.

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The increasing drug of abuse testing at workplace acts as a major growth driver for the globaldrug of abuse testing market, as it is associated with productivity and safety of employees. The increased availability of drugs and itstrafficiking increases the acess of people to the drugs of abuse. As a result, several issues, such as increased road accidents, and decreased productivity at work is observed. By adopting the drug of abuse testing, such issues can be avoided to much extent.

Some of the key companies operating in the global drug of abuse testing market include Siemens HealthcareAG, F. Hoffmann-La Roche Ltd., Millipore Sigma, Danaher Corporation,Alere Inc., Abbott Laboratories, Drägerwerk AG & Co. KGAA, Express Diagnostics Int'l, Inc. Shimadzu Corporation, Waters Corporation, bioMérieux SA, Quest Diagnostics Inc., Laboratory Corporation of America Holdings, Randox Laboratories Ltd., Psychemedics Corporation, Sonic Healthcare Ltd.,Thermo Fisher Scientific Inc., and Bio-Rad Laboratories.

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Last Updated January 10, 2017