The global drug of abuse testing market is expected to grow at a CAGR of 5.75% during the forecast period. Some of the prominent vendors in the global drug of abuse testing market include Abbott, Bio-Rad Laboratories Inc., Danaher Corp., F. Hoffmann-La Roche Ltd, and Thermo Fisher Scientific Inc. among others. As per the latest market research report published by Technavio, the global drugs of abuse testing market size will grow by USD 1.1 billion during 2019-2023. Get the free sample report below for the detailed information.
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Vendors in the global drug of abuse testing market are increasingly focusing on strategic developments, such as product enhancements and innovations to extend their product portfolio and ensure the availability of drugs of abuse testing products to end-users such as research laboratories and academic institutes. In April 2018, Thermo Fisher Scientific signed an international distribution and co-promotion agreement with Ortho-Clinical Diagnostics to provide 14 assays used in the monitoring drug of abuse.
Additionally, in January 2018, Danaher added 6-Acetylmorphine and Buprenorphine assays to its broad range of drugs of abuse tests to meet the demand for onsite testing laboratories. Thus, the growing number of new product development and collaborations undertaken by vendors in the market is expected to support the growth of the global drug of abuse testing market during the forecast period. To know the complete and in-depth analysis and forecast of this market get the complete report by clicking the link below.
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