Drug of Abuse Testing Market Leading Players to Focusing More on R&D Activities for Better Result.

Pune, India, 7th December 2018: MarketResearchFuture announced addition of new report, titled “Drug of Abuse Testing Market Research Report- Global Forecast to 2020”.

Pune, India - December 7, 2018 /MarketersMedia/ —

Global Drug of Abuse Testing Market - Overview
The use of illicit drugs is rising every year globally and has become a big concern for countries including the U.S., the U.K. Japan, Germany, India and China. Illicit drugs in use include heroin, cannabis, cocaine, ecstasy and amphetamine. Global cocaine seizures increased to 671 tons in 2012, compared with the 634 tons seized in 2011. The main increase in the quantities of cocaine seized was in South America and Western and Central Europe. Some of the new psychoactive substances (NPS) like, phenethylamines, ketamine, piperazine and tryptamines, are also being used widely in the drug market.
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Further Drug trafficking is a global illicit trade involving the cultivation, manufacture, distribution and sale of substances which are subject to drug prohibition laws. According to United Nations Office on Drugs and Crime (UNODC) estimates, drug trafficking is increasing worldwide due to rising demand of illicit drugs (mainly heroin, cocaine and amphetamines). World heroin consumption and seizures represent an annual flow of 430 tons to 450 tons of heroin in the global heroin market.
According to data from the UNODC and European crime-fighting agency Europol, the annual global drugs trade is worth around $435.0 billion a year, with the annual cocaine trade worth $84 billion. With the exception of opiate use, use of all other groups of substances (opioids, cannabis, cocaine, ATS and ecstasy) remains at level higher than the global average in the region. In the U.S., illicit drug use by persons aged 12 years or older reached the highest level in the past 10 years, increasing from 15.0% in 2011 to 16.0% in 2012.
The overall demand for drug of abuse testing is rising and the same is being used mostly by healthcare service providers, public and private organizations and other government agencies. The two major technologies used for onsite screening testing and laboratory testing of drug of abuse are immunoassay technique and chromatography.

Global Drug of Abuse Testing Market – Industry Updates
In November 2017, Thermo Fisher Scientific announced the newest library update for the Thermo Scientific TruNarc handheld narcotics analyser which can now detect Carfentanil. As part of the software update, the TruNarc analyzer adds 45 new substances, including 14 new forms of fentanyl, to its onboard library.
In August 2016, Thermo Fisher Scientific announced that a new immunoassay for the specific detection of hydrocodone has received 510 (k) clearance from the U.S. Food and Drug Administration (FDA).
Market Key Players:
Roche Holding Limited,
Quest Diagnostics,
Laboratory Corporation of America Holdings,
Alere Inc.,
Abbott Laboratories,
Randox Laboratories Ltd,
Psychemedics Corporation,
Bio-Rad Laboratories,
Inc, Sonic Healthcare and Thermo Fisher Scientific Inc. and others
Global Drug of Abuse Testing Market - Regional Analysis
In North America, the usage of cocaine has been declining since 2006, partly due to a sustained shortage. However, more recently, a slight increase in prevalence of cocaine has been observed in the U.S., as there has been an increase in maritime seizures.
In Europe, cannabis is by far the most commonly consumed illicit substance, with an estimated 24 million users (4.3% of those aged 15 years to 64 years), followed by cocaine with 3.7 million users in 2013.
In Europe, the market has changed over the past decade, with cannabis herb produced locally or regionally now gaining ground over cannabis resin, largely sourced from Morocco, which previously was the dominant cannabis substance in Europe.

Table of Content: Key Points
1 Research Scope & Methodology
2 Executive Summary
3 Market Outlook
4 Global Market Size & Forecast (2011-2020
5 Global Market Breakdown by Type of Test
6 Global Market Breakdown by Sample
7 Global Market Breakdown by Region
8 Competitive Analysis and Market Share
9 Company Profiles
10 Appendix
11 List of Tables
12 List of Figures
…Continued

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Source URL: https://marketersmedia.com/drug-of-abuse-testing-market-leading-players-to-focusing-more-on-rd-activities-for-better-result/456526

Source: MarketersMedia

Release ID: 456526

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