Drug of Abuse (DOA) Testing Market Growth, Segment Analysis and Future Scopeby Vijay K. Web Marketing
The drug of abuse (DOA) testing market is growing because of the rising illegal drug trading and consumption, use of testing methods at offices, cases of driving under influence and resulting accidents, and technological enhancements in testing devices. In 2016, the market’s value was $4.8 billion, and it is expected advance at a CAGR of 9.6% during the forecast period (2017–2023), to ultimately reach $9.1 billion. Such testing establishes the presence or the concentration of cannabis, opioids and opiates, amphetamines, cocaine, alcohol, and ecstasy in the human body.
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Based on product, the DOA testing market is classified into
equipment and consumable, of which consumables were the larger revenue
contributor in 2016. This is owing to the heavy usage of assay reagents and
kits and rapid test kits, as they make the process easier, more convenient,
cost-effective, and faster. Even during the forecast period, the consumable classification
is projected to experience more-rapid growth, compared to equipment, which
includes breath and immunoassay analyzers and chromatography instruments.
The major driver for the DOA testing market is the increasing global production and trade of intoxicating substances. As per the United Nations Office on Drugs and Crime (UNODC), the production of opium in Afghanistan was 4,800 metric tons in 2016, an increase of 43% from 2015. Additionally, compared to 183,000 hectares in 2015, 201,000 hectares of land was used for poppy cultivation in the country in 2016. This is leading to an easier and wider availability of banned substances across the world, which is, in tun, raising the consumption rate.
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Hence, as the trade and consumption of drugs of abuse continue to increase, the need for testing their presence and levels in users will also become more dire.
Created on Oct 27th 2020 04:52. Viewed 82 times.