Industry Background:
Drug Testing System is used to avoid illegal and banned drugs consumption and for diagnostic purpose also. These mainly includes illegal drugs and major banned drugs are specifically non-prescribed drugs which are addictive in nature .These drug substances are tested through sample of saliva , blood, oral fluid , sweat and urine .Drug testing is important methodology to protect the physical and mental health condition. Main purpose of drug testing is to prevent the use and consumption of illegal and banned drugs .Drug testing is done by using different methodologies performed to detect the drug traces in human body.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Siemens Healthineers (Germany), Drager (Germany), Thermo Fisher Scientific (United States), Alere Toxicology (United States), Roche (Switzerland), Bio-Rad (United States), Abbott (United States) and Quest Diagnostics(United States) |
According to AMA, the market for Drug Testing System is expected to register a CAGR of 7.3% during the forecast period to 2030. This growth is primarily driven by Rising Abuse Of Illegal Drugs, Increase In Population Base and Growing Funding By Government Foe Drug Testing Foe Different Sports Like Doping Test.
Globally, a noticeable market trend is evident Developed Machine Next Generation Drug Testing Equipment
Major Players, such as Siemens Healthineers (Germany), Drager (Germany), Thermo Fisher Scientific (United States), Alere Toxicology (United States), Roche (Switzerland), Bio-Rad (United States), Abbott (United States) and Quest Diagnostics(United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The competition between companies is increasing as the drug abuse cases are on fire and the companies are researching on different methodologies which will not require trained person to handle the machine. The merger and acquisition occurring due to high demand drug machines drug identifying methodologies.
Key Developments in the Market:
In April 2021, Dräger recently announced that it has acquired a majority stake in Swiss MEDtech startup Stimit and its noninvasive tech to stimulate intensive care patients’ respiratory muscles.
In Nov. , 2023 Labcorp , a global leader of innovative and comprehensive laboratory services, announced the completion of the previously announced transaction with Legacy Health to acquire select assets of Legacy's outreach laboratory business. Labcorp also now manages Legacy's inpatient hospital laboratories through a long-term agreement to provide staffing, leadership, scientific knowledge, analytics, supply chain services and laboratory support.
Influencing Trend:
Developed Machine Next Generation Drug Testing Equipment and Growing Number of Drug Testing Machine For Alcohol Used By Police
Market Growth Drivers:
Rising Abuse Of Illegal Drugs, Increase In Population Base and Growing Funding By Government Foe Drug Testing Foe Different Sports Like Doping Test
Challenges:
High Maintenance Of Device and Trained Person Required
Restraints:
Fail in Determining Exact Drug Contain and Errors in machine Identified
Opportunities:
Growing Testing Activity in Sports Activity and Free Campaigns for Drug Testing
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Drug Testing System Market
- Analysis about New Entrants in Drug Testing System Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Drug Testing System Study Sheds Light on
The Drug Testing System Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Drug Testing System industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Drug Testing System industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.