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New report: New report: Drug of abuse testing market worth $8 billion by 2022

Medical Market Research

Globally, North America accounted for the largest share in 2015 and is expected to maintain its dominance throughout the forecast period.

India, Pune, Nov.30, 2017 (GLOBE NEWSWIRE) – Acumen Research and Consulting, a global provider of market research studies, in a recently published report titled “Drug of Abuse Testing Market Make an Inquiry about this news (Product Type: Equipment, Consumables; Sample: Urine, Saliva, Hair, Others; End-user: Hospital, Laboratory, Workplace, At Home, Others) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2012-2022”, forecasts that the global drug of abuse testing market is anticipated to grow at a CAGR of around 9.6% from 2016 to 2022 and reach the market value of over $8 billion by 2022. 

This is due to the increasing availability of illegitimate drugs, growth in drug trafficking, and increase in workplace checking for the consumption of barred drugs. Asia-Pacific is expected to witness fastest growth during the forecast period, at a CAGR of around 10% from 2016-2022.