Drugs of Abuse Testing Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2018
Drugs of Abuse Testing Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2018 Report Description According to a 2013 report issued by the United Nations Office on Drugs and Crime (UNODC), there were approximately 167million users of illicit drugs such as
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<strong>Drugs</strong> <strong>of</strong> <strong>Abuse</strong> <strong>Testing</strong> <strong>Market</strong> - <strong>Global</strong> <strong>Industry</strong> <strong>Analysis</strong>,<br />
<strong>Size</strong>, <strong>Share</strong>, <strong>Growth</strong>, <strong>Trends</strong> <strong>and</strong> <strong>Forecast</strong>, <strong>2013</strong> - <strong>2018</strong><br />
Report Description<br />
According to a <strong>2013</strong> report issued by the United Nations<br />
Office on <strong>Drugs</strong> <strong>and</strong> Crime (UNODC), there were<br />
approximately 167million users <strong>of</strong> illicit drugs such as
cannabis, opioids, <strong>and</strong> opiates in 2009, which grew to 315<br />
million users in 2011. This means that in 2009, 3.6% <strong>of</strong> the<br />
global adult population was consuming one or more illicit<br />
drug, which rose to 6.9% in 2011. This rise in the<br />
consumption <strong>of</strong> illicit drugs has led to the dem<strong>and</strong> for drugs<br />
<strong>of</strong> abuse testing. <strong>Testing</strong> <strong>of</strong> drugs <strong>of</strong> abuse can be done at<br />
home, educational institutions, or workplace, or at the<br />
laboratory using many superior techniques to achieve<br />
accurate results.<br />
The market for drugs <strong>of</strong> abuse testing has grown in recent<br />
times owing to mounting concerns over the use <strong>of</strong> harmful<br />
drugs. The research report explains the various factors that<br />
drive <strong>and</strong> restrain the growth <strong>of</strong> the global market, players
operating at various levels, <strong>and</strong> recommendations by market<br />
experts to improve the overall performance <strong>of</strong> the drugs <strong>of</strong><br />
abuses testing market.<br />
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Overview <strong>of</strong> the global drugs <strong>of</strong> abuse testing market<br />
The report indicates that the global market for drugs <strong>of</strong><br />
abuse testing is forecast to grow at a 4.8% CAGR between<br />
<strong>2013</strong> <strong>and</strong> <strong>2018</strong>. The market was worth US$2.6 billion in<br />
2012, <strong>and</strong> assuming the CAGR holds true, the drugs <strong>of</strong> abuse<br />
testing market will be worth US$3.4 billion by <strong>2018</strong>.
The rising production, trade, <strong>and</strong> consumption <strong>of</strong> illicit drugs<br />
around the world is the primary growth factor that stimulates<br />
the drugs <strong>of</strong> abuse testing market. With an increase in death<br />
rate <strong>and</strong> number <strong>of</strong> road accidents caused by drug abuse <strong>and</strong><br />
overdose, there has arisen an urgent need for drugs <strong>of</strong> abuse<br />
testing at various organizational levels. This has boosted the<br />
drugs <strong>of</strong> abuse testing market. In regions such as Europe <strong>and</strong><br />
North America, companies have begun conducting drug<br />
screening tests such as abstinence monitoring, preemployment<br />
screening, post-incident drug/alcohol screening,<br />
<strong>and</strong> r<strong>and</strong>om drug/alcohol screening. Government regulations<br />
that support the testing <strong>of</strong> drugs <strong>of</strong> abuse at workplace have<br />
greatly fueled the global market. However, legalization <strong>of</strong>
certain drugs, social inhibitions associated with the testing <strong>of</strong><br />
illicit drugs, economic upheaval, <strong>and</strong> cost <strong>of</strong> testing threaten<br />
to hamper the growth <strong>of</strong> the drugs <strong>of</strong> abuse testing market<br />
over the forecast period.<br />
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North America is the largest <strong>and</strong> fastest growing regional<br />
market for drugs <strong>of</strong> abuse testing <strong>and</strong> is estimated to retain<br />
its lead over the coming years. Even though on-site drug<br />
testing provides immediate results, laboratory drug screening<br />
<strong>and</strong> testing is most <strong>of</strong>ten preferred, since it provides accurate<br />
results <strong>and</strong> an in-depth <strong>and</strong> analytical perspective. Of the
most common specimens used for testing, urine is the largest<br />
sample segment <strong>and</strong> is projected to register a 5.0% CAGR<br />
from <strong>2013</strong> to <strong>2018</strong>.<br />
Companies mentioned in the research report<br />
The prominent players operating in the drugs <strong>of</strong> abuse testing<br />
market are Thermo Fisher Scientific, LabCorp (Laboratory<br />
Corporation <strong>of</strong> America), Psychemedics Corporation, Abbott<br />
Laboratories, Bio-Rad Laboratories, Alere, Roche Diagnostics,<br />
Sonic Healthcare, R<strong>and</strong>ox Laboratories, <strong>and</strong> Quest Diagnostic.<br />
Among these, Roche Diagnostics dominates the global drugs<br />
<strong>of</strong> abuse testing market.
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