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Albany, New York, July 29, 2019 (GLOBE NEWSWIRE) -- Various government initiatives in countries across the globe to crack down on drug abuse is a major factor propelling the growth of global drugs of abuse testing market, says a Transparency Market Research report. The report states that the growth of the market is also attributed to the rising incidences of drugs abuse in various developing countries. Furthermore, according to the analysis by the experts at Transparency Market Research the rising consumption of unsanctioned drugs by youth across the globe is another factor that is propelling the growth of global drugs of abuse testing market.
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Market to Reach the Value of US$7,163.7 mn by the End of 2026
Experts believe that this consistent growth of global drugs of abuse testing market is a collective result of various opportunities leveraged by businesses in the market. Moreover, the analytics presented by the report is expected to help the business leaders take better decision and can prepare them for a tough competition that awaits in the future.
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Growing Adoption of No Drugs Policies by Various Companies to Fuel the Growth
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North America to be the Most Lucrative Region of the Market
Globally, global drugs of abuse testing market has its presence in North America, Europe, Asia Pacific, and Latin America, and Middle East and Africa. Among these regions, North America is expected to exhibit maximum potential for the players of global drugs of abuse testing market. The growth of the region is attributed to factors such as such as stringent policies by U.S. government is production of various medicines and rising demand to restrict the use of drugs of abuse in the country.
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Prominent Players to Dominate the Global Drugs of Abuse Testing Market
The study presented here is based on a report by Transparency Market Research (TMR), titled, “Drugs of Abuse Testing Market (Products - Analyzers (Immunoassays, Chromatographic Devices, and Breath Analyzers), Rapid Testing Devices (Urine Testing and Oral Fluid Testing), and Consumables (Fluid Collection Devices); Sample Type: Saliva, Breath, Urine, Blood, and Hair and Sweat; Testing Type - Pain Management Testing, Criminal Justice Testing, and Work Place Screening; End-user: Hospitals, Diagnostic laboratories, On-the-spot Testing, and Forensic Laboratories) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2026.”
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
Mr. Rohit Bhisey
Transparency Market Research
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