Drug of Abuse Testing Equipment Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Drug abuse testing is conducted for medical purposes as well as legal causes such as workplace drug testing. Testing can be carried out to detect illicit drug use and/or to monitor medication compliance. The recent increase in the number of pain management and opioid dependency clinics has resulted in a significant increase in the demand for drug abuse testing equipment, including analyzers and rapid testing devices.
MARKET DYNAMIC
Factors driving the growth of the drug of abuse testing equipment market are the growing number of people who consume alcohol and illicit drugs such as marijuana, cocaine, and others, coupled with technological advancements in drug screening/testing devices. However, the stringent government regulations mandating drug screening is expected to hamper the growth of the market. Moreover, increasing interest of companies in drug of abuse testing and rising drug related mortality and increasing government & non-government institutions initiatives is anticipated to boost the market growth.

MARKET SCOPE

The "Drug of Abuse Testing Equipment Market Analysis to 2031" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of drug of abuse testing equipment market with detailed market segmentation by products, testing type, and end user. The drug of abuse testing equipment market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players in drug of abuse testing equipment market and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The drug of abuse testing equipment market is segmented on the basis of products, testing type, and end user. Based on products, the market is segmented as analyzers, rapid testing devices, and consumables. Analyzers sub segmented as immunoassays, chromatographic devices, and breath analyzers. Rapid testing devices sub segmented as urine testing and oral fluid testing. Consumables sub segmented as fluid collection devices. On the basis of testing type, the market is categorized as pain management testing, criminal justice testing, and workplace screening. On the basis of end user, the market is categorized as hospitals, diagnostic laboratories, on-the-spot testing, and forensic laboratories.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the drug of abuse testing equipment market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The drug of abuse testing equipment market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting drug of abuse testing equipment market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the drug of abuse testing equipment market in these regions.

MARKET PLAYERS

The report covers key developments in the drug of abuse testing equipment market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from drug of abuse testing equipment market are anticipated to have lucrative growth opportunities in the future with the rising demand for drug of abuse testing equipment in the global market. Below mentioned is the list of few companies engaged in the drug of abuse testing equipment market.

The report also includes the profiles of key players in drug of abuse testing equipment market along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•   Alere Inc.
  
•   Laboratory Corporation of America Holdings
  
•   Roche Diagnostics
  
•   Thermo Fisher Scientific Inc.
  
•   Drägerwerk AG & Co. KGaA
  
•   Siemens Healthineers
  
•   Express Diagnostics International Inc.
  
•   Shimadzu Corporation
  
•   OraSure
  
•   Alfa Scientific Designs
  

The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.

Drug of Abuse Testing Equipment Report Scope