Europe Drug of Abuse Testing Market Size, Segment Analysis and Forecast Report 2024

Posted on 2019-07-22 by P&S Intelligence in Healthcare // 0 Comments

New York, United States, 2019-Jul-22 — /EPR Network/ —

According to P&S Intelligence, the growing awareness about drug and alcohol addiction among the youth, technological improvements in drug of abuse (DOA) testing products, and rising government initiatives are some notable factors strengthening the Europe drug of abuse testing market. The market generated a revenue of $1.7 billion in 2017, and is expected to progress at a CAGR of 9.6% during the forecast period (2018–2023).

Request for report sample at: https://www.psmarketresearch.com/market-analysis/europe-doa-testing-market/report-sample

Drug testing refers to the technical analysis of a biological specimen, such as saliva, urine, sweat, blood and breath, to detect the presence of cannabis, cocaine, and alcohol. The European DOA testing market is segmented by offering, sample type, distribution channel, and end user. Based on the offering, the market is categorized into products and services. Of these, during the 2018–2023 period, the services category is predicted to witness faster growth (CAGR of 11.1%) and expected to generate a revenue of more than $600.0 million by 2023.

On the basis of distribution channel, in 2017, between the direct and indirect modes, the indirect channel dominated the market with more than 55.0% share. Further, the end users of the European DOA testing market are hospitals, workplaces, laboratories, and at-home. Out of these, the hospitals section held around 43.0% share in the market. Due to the availability of skilled professionals at hospitals and the rising government initiatives to improve the healthcare infrastructure, this section is witnessing growth.

Browse full report at: https://www.psmarketresearch.com/market-analysis/europe-doa-testing-market

These days, the consumption of illicit drugs is rising, and it has become the responsibility of the people to keep an eye on their loved ones to see if anyone is involved in it. Companies are introducing various products to meet this objective, thereby fueling the growth of the European DOA testing market. For instance, in June 2016, F. Hoffman-LA-Roche Ltd. announced the launch of Cobas e 801 modules to cater to the increasing demand for DOA testing at hospitals. The company mentioned that the new and specific high-volume testing immunoassay solution was on sale in the countries which accept the CE Mark.

Hence, with the increasing number of product launches and rapid advancements in technology, the drug of abuse testing market in Europe is expected to witness a steady growth during the forecast period.

About P&S Intelligence

P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

Matched content

Editor’s pick