What are Reasons behind Growth of Drug of Abuse Testing Market?

With the increasing consumption and production of illegal drugs in several countries, the demand for drug of abuse testing solutions is growing rapidly across the world. Moreover, the rising incidence of road accidents and the soaring death rates caused due to the consumption of illicit drugs are fueling the demand for drug of abuse testing methods around the world. Many non-profit and government organizations are increasingly launching initiatives for reducing the drug abuse levels. 

Browse In-depth  Drug of Abuse Testing Market Regional Breakdown

Additionally, due to rapid technological advancements and innovations in drug of abuse testing methods, the adoption of these testing procedures is increasing quickly all over the world. This is propelling the advancement of the global drug of abuse testing market. Immunoassay analyzers, breath analyzers, and chromatography instruments are the most widely used types of drug of abuse testing equipment. Out of these, the demand for immunoassay analyzers was found to be the highest in the world in the past.

Geographically, the demand for drug of abuse testing procedures will rise rapidly in Asia-Pacific (APAC) in the upcoming years, as per the estimates of the market research company, P&S Intelligence. This will be because of the surging consumption and trade of illicit drugs and the increasing compliance in various companies regarding drug of abuse testing. As per the Australian Criminal Intelligence Commission (ACIC), police agencies made as many as 115,421 national illicit drug seizures in the country in 2017.

One of the major trends currently being witnessed in the drug of abuse testing market is the surging collaborations between various companies and firms for expanding their operations. For example, Sonic Healthcare Limited completed the acquisition of Medical Laboratory Bremen, which is a laboratory based in the North-West of Germany, in January 2017. This acquisition was done for bolstering the presence of Sonic Healthcare in Germany and for strengthening the organization’s commitment toward revolutionizing laboratory medicine.  

Hence, it is safe to say that the demand for drug of abuse testing methods will shoot up all over the world in the forthcoming years, mainly because of the soaring consumption, production, and trade of various illegal drugs in several countries around the world.