Drugs of Abuse Testing Market to Surpass US$ 2,200 Mn by 2027Posted by Jack Martin on December 4th, 2018 Several drugs are easily available over the counter, and a number of people using illicit drugs is very high especially in low income countries. A new research report by Future Market Insights titled ‘Drugs of Abuse Testing Market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment 2017 – 2027’ provides the complete scenario of the drugs of abuse testing market worldwide. The report depicts the drug abuse market as well as the drug abuse testing market in different regions and the factors impacting market growth. This study further highlights different segments of the market such as the drug class, technique type and end users. According to the research report, the global drugs of abuse testing market is expected to reach a market value of over US$ 2,200 Mn by the end of 2027. The market is expected to grow at a CAGR of 6.1% during the forecast period. Revenue growth of the global market is helped by a rise in the test rates and technological advancements in drug abuse testing. Companies are now focussing on new launches and reducing the costs of drugs of abuse testing drugs in order to gain maximum market share. Read Comprehensive Overview with Methodology of Report @ https://www.futuremarketinsights.com/askus/rep-gb-1649 Global Drugs of Abuse Testing Market: Dynamics The growth of the drugs of abuse testing market is driven by various factors such as a rise in the number of clinical labs and a growing abuse of clinical drugs. Governments throughout the world have also increased expenditure on law enforcement agencies aimed towards drug interdiction through mandatory screening of potential illicit drug abusers. This has helped boost revenue growth of the drugs of abuse testing market. However, the emerging countries in Asia, Latin America and Africa have lower awareness of drugs of abuse testing and have lesser social support to decrease the consumption of illicit drugs. These regions even face a lack of government initiatives. This may lead to a downfall in the overall drugs of abuse testing market. Global Drugs of Abuse Testing Market: Segmental Analysis
Global Drugs of Abuse Testing Market: Competitive Landscape This comprehensive research report includes detailed profiles of all the major players in the global market. Some of the top companies mentioned in the report include Quest Diagnostics, F.Hoffmann La-Roche Ltd, Siemens Healthineers (Siemens AG), Thermo Fisher Scientific, Inc., Alere, Inc. (Sub. Abbott Laboratories), Shimadzu Corporation, Laboratory Corporation of America Holdings, Drägerwerk AG & Co. KGaA, and Express Diagnostics International Inc. About Us Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India. FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.
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