ALBANY, N.Y.--(BUSINESS WIRE)--Transparency Market Research has announced the release of a report titled “Drugs of Abuse Testing Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2018”. This report states that growing at a CAGR of 4.8% from 2013 to 2018, the global drugs of abuse testing market will reach US$3.4 billion in 2018 from US$2.6 billion in 2012.
The report on the global drugs of abuse testing market has segmented this market on the basis of the type of tests and geography. Based on the type of tests, this market is categorized into laboratory based drugs of abuse tests, and on-site drugs of abuse tests. The former calls for skilled and trained personnel for providing detailed analysis and precise results. The on-site drugs of abuse testing provide immediate results and this type of test is mainly used for testing in educational institutes, workplace, or homes. Saliva, hair, and urine are the commonly used specimens in on-site drugs of abuse testing methods, with urine sample leading the segment.
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Geographically, the global drugs of abuse testing market are divided into North America, Europe, the Asia Pacific, and Rest of the World. This market is dominated by North America, with the US being the largest and the fastest growing market for drugs of abuse testing. The other regional drugs of abuse testing markets witnessing robust growth are Germany, Japan, the U.K., and the U.S. The main challenges facing the global drugs of abuse testing market are cost concerns, illegal drugs testing, economic fluctuations, and legalization of several drugs. The key players operating in the global drugs of abuse testing market are Roche Diagnostics, Thermo Fisher Scientific, Abbott Laboratories, and Quest Diagnostic.
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