Global Drug of Abuse (DOA) Testing Market Overview:
Drug of abuse (DOA) testing is frequently carried out in the clinical environment, however numerous studies analysing such screening have been unable to show any clinical advantage, and the majority of clinical toxicologists advise only getting such testing when there is a clear indication. The tools utilised in the market for drug misuse testing include breath analyzers, chromatography tools, and immunoassay analyzers. When compared to other approaches, immunoassay analyzers had the biggest market share among this equipment because they provide a quick, affordable, and practical way to screen lots of samples in various matrices.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Drug of Abuse (DOA) Testing Market Dynamics:
Attributes | Details |
---|
Growth Drivers | - Rise Use of Drug Testing
- Increasing Consumption of Illegal Drugs
|
Restraints | - Not Being Aware Of the Harmful Impact of Unauthorized Drugs
|
Road Blocks / Challenges | - Drugs to Carry Out Many Illegal Activities and the Abusers Consumed a Lot of Resources of the Country
|
Gaps & Opportunities | - New product launches and R& D
|
Competitive Landscape:
The leading players had to compete with other market participants due to the expansion of drug misuse testing services and the adoption of various industry trends. The major businesses have developed a strong product portfolio by utilising a variety of items. In order to capture sizable market shares, they released new substances and deployed drug abuse test market technologies. These businesses and government agencies have prepared a number of plans that could result in the market for drug misuse testing devices being adopted. This pharmaceutical business has been spending a significant portion of its earnings to find new medications for the treatment of various disorders.
Some of the key players profiled in the report are Abbott Laboratories (United States), Quest Diagnostics Incorporated (United States), Express Diagnostics (United Kingdom), Thermo Fisher Scientific Inc., (United States), Siemens AG (Germany), Pfizer (United States), Dragerwerk AG & Co. KGAA Germany, OraSure (United States), Hoffmann-La Roche AG Switzerland and Premier Biotech (United States). Additionally, following companies can also be profiled that are part of our coverage like Alfa Scientific Designs (United States), SureHire (Canada), Omega Laboratories (United States) and CannAmm (Canada). Analyst at AMA Research see United States Players to retain maximum share of Global Drug of Abuse (DOA) Testing market by 2027.
Considering Market by , the sub-segment i.e. will boost the Drug of Abuse (DOA) Testing market.Prevention, operation, treatment, law enforcement, and interdiction are the five drug control functional areas that the National Drug Control Budget in the United States requested USD 34.6 billion for in FY 2020. This includes financing of USD 1.9 billion for the Substance Abuse Prevention and Treatment Block Grant, which will support evidence-based prevention initiatives, to be administered by the Substance Abuse and Mental Health Services Administration (SAMHSA). For monitoring and assisting drug interdiction operations as well as other counterdrug activities in the nation and other nations, the Department of Defense requested USD 1.2 billion.
What Can be Explored with the Drug of Abuse (DOA) Testing Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Drug of Abuse (DOA) Testing Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Drug of Abuse (DOA) Testing
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Drug of Abuse (DOA) Testing market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Drug of Abuse (DOA) Testing market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Drug of Abuse Testing Providers, Government Regulations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.