According to a recent market report by Future Market Insights, the global Drug of Abuse Testing Market is anticipated to reach US$ 1.5 billion in 2021, growing at a rate of over 5% CAGR over that time 2031.
Growth can be ascribed to the ageing population’s rising opioid dependence as a result of using prescribed opioids at excessive dosages to treat pain. Patients with cancer, heart conditions, and rheumatoid arthritis frequently have chronic pain. Opioids are often prescribed to treat pain, but an overdose can be lethal. Manufacturers are responding by releasing quick, precise, disposable, and simple-to-use drug misuse testing kits to identify drug dependence in the elderly. This suggests that over the course of the assessment period, new market entrants will have attractive opportunities.
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In addition, the increased acceptance of marijuana use for recreational purposes has raised worries about overdose. Although marijuana addiction is uncommon, overdose can cause respiratory problems, memory loss, increased tension and anxiety, and attention problems. In order to identify substance usage early, corporate and educational institutions are increasingly in need of drug testing programmes.
The United States is anticipated to lead the North American market for drug misuse testing, according to FMI’s comprehensive regional study. Sales of drug abuse testing equipment are anticipated to be driven up by the country’s widespread opioid epidemic and strong healthcare infrastructure.
Key Takeaways:
- Based on drug type, sales of drug of abuse testing for cannabinoids are expected to remain high through 2031.
- In terms of technique, immunoassays will remain highly sought-after.
- Demand for drug of abuse testing in forensic laboratories is anticipated to continue gaining traction over the assessment period.
- The U.S. is projected to dominate the North America drug of abuse testing market owing to increasing prevalence of opioid dependence in the country.
- The U.K. will continue exhibiting high demand for drug of testing systems in response to government initiatives regarding drug awareness and control measures.
- China will emerge as an attractive market due to the presence of key market players and easy availability of raw materials for the manufacturing of testing products.
- Japan will account for 7% of the total drug of abuse testing market share, while South Korea is expected to hold less than 1% of the total market share through 2031.
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“The introduction of integrated drug warning systems that monitor drug overdose in real-time is expected to fuel sales of drug abuse testing equipment. Besides this, increasing adoption of drug testing tools in forensic laboratories to identify illicit drugs for the criminal justice system are expected to continue augmenting growth of the global drug of abuse testing market through 2031,” says an FMI analyst.
Competitive Landscape
Quest Diagnostics, Roche Holding AG, Thermo Fisher Scientific, Inc., Siemens AG (Siemens Healthineers), Abbott Laboratories (Alere, Inc.), Shimadzu Corporation, Express Diagnostics International Inc., Drägerwerk AG & Co. KGaA, and Laboratory Corporation of America Holdings are among the key players profiled by FMI.
Leading players operating in the global drug of abuse testing market are focusing on research and development to expand their product portfolios. Besides this, players are aiming at production facility expansions through mergers, acquisitions, and collaborations.
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Drug of Abuse Testing Market by Category
By Drug Type:
- Psychostimulants
- Narcotic
- Cannabinoids
- Sedatives
- Others
By Technique:
- Immunoassay
- Chromatography
- Rapid Testing
By End User:
- Hospitals
- Diagnostics Laboratories
- Forensic Laboratories
- Others
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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