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Drug of Abuse Testing Market Trends

Report ID: GMI4409
Published Date: Oct 2019
Report Format: PDF

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Drug of Abuse Testing Market Trends

Favourable regulatory scenario in developed economies for drug of abuse tests will propel the overall business demand. For instance, FDA regulates drugs of abuse tests that are sold to healthcare professionals and consumers in the U.S. Also, it reviews several tests to avoid inaccuracy in results, thereby accelerating the drug of abuse testing market growth. Evaluation of performance, design of tests and sample collection systems to ensure precise results further fosters huge demand for these tests and systems. Additionally, FDA also reviews the test instructions and package inserts to safeguard test specificity and accuracy. Hence, above mentioned aspects should augment the drug of abuse testing industry growth.

However, dearth of trained laboratory professionals may hinder the drug of abuse testing market growth over forthcoming years.

Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

The market size of home drug of abuse testing crossed USD 3.3 billion in 2018.

The industry share of drug of abuse testing is set to register over 5.7% CAGR up to 2025.

Drugs of abuse is a chemical that generally produces specific effects in the user’s brain, mainly in reward circuitry of brain.

Market for drug of abuse testing in North America will surge at over 5.3% CAGR from 2019 to 2025.

The industry size for drug of abuse testing exceeded USD 3.3 billion, globally in 2018.

Rising usage of drug of abuse testing devices in law enforcement agencies coupled with technological advancements will be key driving factors for the growth of global drug of abuse testing business.