New Zealand markets closed
  • NZX 50

    12,670.24
    -54.05 (-0.42%)
     
  • NZD/USD

    0.6818
    +0.0006 (+0.09%)
     
  • ALL ORDS

    7,536.10
    -21.70 (-0.29%)
     
  • OIL

    66.85
    +1.28 (+1.95%)
     
  • GOLD

    1,778.40
    -5.90 (-0.33%)
     

Drug of Abuse Market Size to Worth Around US$ 10.7 Bn by 2030

·5-min read

According to Precedence Research, the global drug of abuse testing market size is expected to worth around US$ 10.7 billion by 2030 and poised to grow at a noteworthy CAGR of 6.4% from 2021 to 2030.

Ottawa, Oct. 26, 2021 (GLOBE NEWSWIRE) -- The global drug of abuse testing market size was valued at US$ 5.8 billion in 2020. Drug of abuse testing services is used to detect whether an individual consumed any drugs. This test is conducted by testing various sample such as urine, blood, hair, and saliva. The growing consumption of drugs among the population is the primary driver of the global drug of abuse testing market. Further, various government initiatives to control the use of drugs among the youth is exponentially driving the market growth across the globe.

According to the United Nations Office on Drugs and Crime, around 246 million people used illicit drug and the population aged between 15 and 64 years, in 2013.According to UNDOC, around 40% of the global people who inject drugs are infected with HIV. Hence, the rising prevalence of HIV is a major factor that encourages the restriction on drug use, thereby propelling the growth of the global drug of abuse testing market.

Get Report Sample Copy OR Any Customization Requirement@ https://www.precedenceresearch.com/customization/1313

Crucial factors accountable for market growth are:

  • Growing usage of drugs like marijuana, cocaine among the youth

  • Growing cases of drug use disorder

  • Rising number deaths related to drug overdose

  • Government initiatives to tackle drug abuse

  • Technological advancements and development of cost-effective test kits

  • Rising prevalence of HIV among the drug injectors

Scope of the Drug of Abuse Market Report

Report Coverage

Details

Market Size

US$ 10.7 Billion by 2030

Growth Rate From 2021 to 2030

CAGR of 6.4%

Fastest Growing Market

Asia Pacific

Largest Market

North America

Base Year

2021

Forecast Period

2021 to 2030

Segments Covered

Drug Type, Sample Type, End User, Region

Regional Snapshots

North America dominated the global drug of abuse testing market. This is attributed to the highest consumption of drugs such as heroin, cocaine, cannabis, and alcohol in the region. Moreover government initiatives like the implementation Patients and Communities Act to counter the problem of drug abuse is a major factor influencing the growth of the market across the region. According to the National Survey on Drug Use and Health Report, over 500,000 teenagers in US were suffering from drug use disorders in 2018. Hence the rising use of drugs among the teenagers is a major threat to the national interests that propels the growth of the drug of abuse testing market.Further, the presence of numerous key market players in the region and their strategical developments fueled the growth of the drug of abuse market in this region.

Asia Pacific is expected to be the fastest-growing region. According to the Australian National Council – Asia Pacific Report, Cambodia has become the leading source of cannabis the globe. Major economy like China has taken an initiative to set up a huge network of drug treatment centers across the nation. Around 74.4% of the Hong Kong drug users prefers heroin and around 80% of the HIV cases in Indonesia is directly associated with the injection drug use. The Asia Pacific is becoming a major market for the illicit drug traders due to the failure of government to tackle this situation. Therefore, Asia Pacific has a huge growth potential for the drug of abuse testing market.

Market Dynamics

Drivers - The market is significantly driven by the demand from the private employers and growing abuse of prescribed drugs. According to the National Institute of Drug Abuse, over 50 million people used prescription drugs such as pain relievers for non-medical purposes. Therefore, growing uses of prescription drugs for non-medical use is boosting the growth of the market.

Restraints - The low awareness, inadequate healthcare infrastructure, and low financial capabilities in underdeveloped and developing regions may hamper the growth of the market. Moreover, inefficiency of the government to tackle drug abuse issues have resulted in the increased consumption of alcohol among the teenagers.

Opportunities - The development of low-cost and disposable testing devices may propel the market growth in the upcoming years. Further, the development on-the-spot testing kits shows rapid and reliable results is expected to gain traction.

Challenges - The high cost of the testing equipment and low penetration of research laboratories in the underdeveloped markets is a major challenge to the drug of abuse market players.

Report Highlights

  • By drug type, the marijuana/cannabis segment led the global drug of abuse market with remarkable revenue share in 2020. This is attributed to the increased consumption and popularity of the marijuana. Moreover, in countries like India, it is easily available to the drug users due to the lack of proper administrative control on the illegal drug suppliers.

  • By sample type, the urine segment led the global drug of abuse market with remarkable revenue share in 2020. This is because the urinalysis is the most accurate and feasible test. Kidney helps to remove wastes and other toxic materials from the blood through urine and hence urinalysis is much more effective.

  • By end user, the workplaces segment led the global drug of abuse market with remarkable revenue share in 2020. The employers need to know about the health of their employ. A drug user frequently switches job and highly unproductive and inefficient in his work. Hence, the workplaces need to conduct drug of abuse tests.

Market Segmentation

By Drug Type

  • Alcohol

  • Cocaine

  • Marijuana/Cannabis

  • LSD

  • Opioids

  • Others

By Sample Type

  • Urine

  • Saliva

  • Blood

  • Others

By End User

  • Workplaces

  • Criminal Justice Systems

  • Hospitals

  • Research Labs

By Geography

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

    • France

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

  • Rest of the World

Click Here to View Full Report Table of Contents

Buy this Premium Research Report@ https://www.precedenceresearch.com/checkout/1313

You can place an order or ask any questions, please feel free to contact at sales@precedenceresearch.com | +1 9197 992 333

About Us

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defense, among different ventures present globally.

For Latest Update Follow Us:

https://www.linkedin.com/company/precedence-research/

https://www.facebook.com/precedenceresearch/

https://twitter.com/Precedence_R


Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting