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Global Drug of Abuse (DOA) Testing Market (Size of USD 5.0 Billion in 2017) to Witness 9.9% CAGR during 2018– 2024

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Presentation on theme: "Global Drug of Abuse (DOA) Testing Market (Size of USD 5.0 Billion in 2017) to Witness 9.9% CAGR during 2018– 2024"— Presentation transcript:

1 VynZ Research USA 165 Broadway, 23rd Floor, New York City, New York - 10006 1-888-253-3960 support@vynzresearch.co m Global Drug of Abuse (DOA) Testing Market (Size of USD $896.3million in 2017) to Witness 28.1% CAGR During 2018–2024 www.vynzresearch.com

2  The global DOA testing market was valued at USD 5.0 billion in 2017, and is estimated to reach USD 9.5 billion by 2024. The driving factor for the growth of the market includes the advancement in technology for the development and production of DOA products with high specificity and sensitivity against complex new designer drugs. The reduction in testing time with newly developed products also drives the growth of the market. Additionally, government initiatives to increase awareness towards drug abuse, and also the global rise in production and trade of drugs are expected to render growth of the market.  Download Free Report Sample At: https://www.vynzresearch.com/healthcare/drug-of- abuse-doa-testing-market/request-samplehttps://www.vynzresearch.com/healthcare/drug-of- abuse-doa-testing-market/request-sample  The global DOA testing market was valued at USD 5.0 billion in 2017, and is estimated to reach USD 9.5 billion by 2024. The driving factor for the growth of the market includes the advancement in technology for the development and production of DOA products with high specificity and sensitivity against complex new designer drugs. The reduction in testing time with newly developed products also drives the growth of the market. Additionally, government initiatives to increase awareness towards drug abuse, and also the global rise in production and trade of drugs are expected to render growth of the market.  Download Free Report Sample At: https://www.vynzresearch.com/healthcare/drug-of- abuse-doa-testing-market/request-samplehttps://www.vynzresearch.com/healthcare/drug-of- abuse-doa-testing-market/request-sample Global Drug of Abuse (DOA) Testing Market

3  Based on the sample type, the drug of abuse testing (DOA) testing market is segmented into urine, saliva, hair, and others. The most common form of sample used for drug of abuse testing is urine, due to the presence of parent drug or metabolites that can help detect the presence of many illicit drugs. This led to the high demand of urine as sample type for DOA testing with a co of contribution of more than 50% in the market in 2017. Global Drug of Abuse (DOA) Testing Market

4  The hospitals are the largest end user to the DOA testing market, due to the availability of products and clinicians in hospitals that conduct research as well as new drug testing on large scale.Some of the other end user of drug of abuse testing solutions includes diagnostic laboratories, on-the-spot testing, forensic laboratories, and others.  Asia-Pacific DOA testing industry is expected to witness a significant growth at a high CAGR of 10.4% during the forecast period. The growth is driven by the rising production, as well as consumption of illicit drugs. In addition, the rise in organisational compliance for testing of drug of abuse at workplace will also drive the growth of the regional market.  The hospitals are the largest end user to the DOA testing market, due to the availability of products and clinicians in hospitals that conduct research as well as new drug testing on large scale.Some of the other end user of drug of abuse testing solutions includes diagnostic laboratories, on-the-spot testing, forensic laboratories, and others.  Asia-Pacific DOA testing industry is expected to witness a significant growth at a high CAGR of 10.4% during the forecast period. The growth is driven by the rising production, as well as consumption of illicit drugs. In addition, the rise in organisational compliance for testing of drug of abuse at workplace will also drive the growth of the regional market. Global Drug of Abuse (DOA) Testing Market

5  The key players of the DOA testing industry are Siemens AG, Danaher Corporation, Merck KGaA, Express Diagnostics Int'l, Inc., Drägerwerk AG & Co. KGaA, bioMérieux S.A., Quest Diagnostics Inc., Waters Corporation, Abbott Laboratories, Alere Inc., Psychemedics Corporation, Randox Laboratories Ltd., Bio-Rad Laboratories, Inc. and ThermoFisher Scientific Inc, and Sonic Healthcare Ltd. Global Drug of Abuse (DOA) Testing Market

6 VynZ Research USA 165 Broadway, 23rd Floor, New York City, New York - 10006 1-888-253-3960 support@vynzresearch.co m www.vynzresearch.com Download Free Sample Copy of Research Report At: https://www.vynzresearch.com/healthcare/drug-of-abuse-doa-testing- market/request-sample https://www.vynzresearch.com/healthcare/drug-of-abuse-doa-testing- market/request-sample Thank You


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