Drugs of Abuse Testing Market: Growing Prevalence of Prescription Drugs Addictio

Posted by Arslan on March 26th, 2019

Drugs of abuse testing, for forensic or clinical purpose, has become a preeminent service of toxicology laboratories. Meanwhile, growing cases of drug abuse—both illicit and medications drugs— has been creating the demand for drugs of abuse testing.  Loss in workplace productivity, and repercussion on health and welfare apropos of drug abuse have led several businesses, governments, and healthcare institutions to take public health, and educational initiatives.  Additionally, corporate employers have commenced performing drug abuse tests for their employees, in a bid to offset any issues that can harm their overall workplace productivity and environment.

These excerpts are according to the intelligence report, titled, “Drugs of Abuse Testing Market—Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018-2026,” which has been added to Market Research Reports Search Engine’s (MRRSE) exhaustive repository. The market for drugs of abuse testing is anticipated to expand at a CAGR of over 5% during the forecast period.Illicit use of prescription drugs continues to gain visibility as a significant chemical dependency to medication. However, addiction to illegal drugs are seen to have a wider impact on health of individuals as compared to prescription drugs addiction.   Illegal drugs have also witnessed a marked rise in palpability, which has been one of the major causes of morbidity and mortality worldwide. Increasing prevalence of rehabilitation admissions and hospital admissions, resulting from abuse of illicit drugs, has further led the demand for drugs of abuse testing significantly.

Having said that, a few of the hurdles in the growth of the drugs of abuse testing market are stigma in the society, lack of rigorous regulation making drug abuse testing mandatory and low awareness with respect to drugs of abuse testing services.This report presents a robust analysis on drugs of abuse testing market with the support of quantitative and qualitative analysis. The report reveals the dynamics of the market, including drivers, trends, opportunities, and restraints which have significant influence in the development of the market. The report also includes segregation of the market to offer an in-depth analysis of the drugs of abuse testing.

The report elucidates executive summary followed by market overview section. The drugs of abuse testing market overview section deals with value chain analysis, key trend analysis and Porters’ Five Force Analysis. Porters’ Five Force Analysis gives insights on competitive scenario of the market. The report also includes the market attractiveness analysis along with market outlook. The report also includes pricing analysis and market volume projections. Further, the report provides holistic approach on consumer behavior analysis and major distributors’ lists.The report peruses on competitive scenario of the drugs of abuse testing market. The report sheds light on company overview, financial overview, strategies, recent development and product portfolio.The actionable insights in the report is the result of primary sources, including surveys, interactions in person, a reliable and authentic views of seasoned analyst, interviews and perusal of experts. In addition, the report is propelled by secondary sources incorporating trade journals, resourceful database and authentic and verified paid sources. The report is also backed up by absolute dollar opportunity analysis which has considerable influence in shaping the growth of the drugs of abuse testing market.