Save up to 30% on The Business Research Company’s comprehensive market research reports for a limited time only!

2024-2033 Drugs of Abuse (DOA) Testing Market Growth Rate: What’s the Forecast?

The market size for substances of abuse (DOA) testing has witnessed significant growth recently. It is set to expand from $6.6 billion in 2023 to $7.25 billion in 2024, with a compound annual growth rate (CAGR) of 9.8%. Factors such as government regulations, workplace rules, pre-employment checks, law and order proceedings, drug rehabilitation initiatives, and transportation industry’s adherence to these regulations have contributed to the historical growth pattern.

The market size for drugs of abuse (DOA) testing is forecasted to experience considerable expansion in the coming years, with an expected value of $10.48 billion by 2028, displaying a compound annual growth rate (CAGR) of 9.6%. The ongoing progress in the predicted period can be credited to the growing testing in sports and athletics, augmented awareness and education, escalation in drug-related offenses, corporate health initiatives, and the development of testing techniques. Foreseeable trends within this period involve the employment of portable and handheld devices for testing, the application of laboratory information management systems (LIMS), a focus on synthetic drug examinations, an upsurge in cannabis testing requirements, and the incorporation of artificial intelligence (AI) for interpreting results.

Claim Your Free Sample of the Global Drugs of Abuse (DOA) Testing Market Report Today!

https://www.thebusinessresearchcompany.com/sample.aspx?id=9381&type=smp

What Drivers Are Accelerating the Growth of the drugs of abuse (doa) testing Market?

The escalating requirement for drug addiction treatments is projected to bolster the advancement of the drug of abuse (DOA) testing market. Drug abuse implies the harmful consumption of substances in quantities detrimental to the consumer or others. In the determination of compounds that are typically not present in the body, drug testing is of utmost importance. This procedure comprises an initial screening, followed by an additional test to detect or verify the presence of one or more substances, thereby, the burgeoning need for drug addiction treatments will drive the growth of the market. As cited by the United Nations Office on Drugs and Crime (UNODC), a U.S. organization devoted to controlling drugs and preventing crime in June 2021, based on the United Nations International Report 2021 World Drug Report, a staggering

36 million individuals across the globe are afflicted with drug use disorders. As a result, the increasing requirement for drug addiction therapies is steering the growth of the drug of abuse (DOA) testing market.

What Key Segments Can Be Identified in the Drugs of Abuse (DOA) Testing Market?

1) By Product And Service: Analyzers, Rapid Testing Devices, Consumables, Laboratory Services

2) By Sample Type: Urine, Hair, Oral Fluid, Breath

3) By Application: Pain Management, Criminal Justice, Workplace Screening

4) By End User: Hospitals, Diagnostic Laboratories, Forensic Laboratories, Other End Users

What Trends Are On the Rise in the Drugs of Abuse (DOA) Testing Market?

Leading corporations in the drugs of abuse (DOA) testing sector are prioritizing the creation of novel products like software-as-a-service platform to cement their dominance in the market. The Software-as-a-Service (SaaS) is a model of software delivery where applications are hosted by an external provider and offered to clients through the internet. For example, Merck KGaA, a US-based science and tech company, introduced the Addison drug discovery software in December 2023. This software accelerates the development of drugs and enhances the success rate of new medicines and treatments by merging computer-aided drug design, machine learning, and generative AI. The platform subsequently provides recommendations on the most effective synthesis methods, bridging the divide between virtual molecule design and their practical production. By revealing hidden insights from large datasets, the program heightens the probability of patients benefitting from innovative treatments.

Order Now for Fast Delivery of Your Drugs of Abuse (DOA) Testing Market Report!

https://www.thebusinessresearchcompany.com/report/drugs-of-abuse-doa-testing-global-market-report

What Regions Are Steering Growth in the Drugs of Abuse (DOA) Testing Sector?

North America was the largest region in the drugs of abuse (DOA) testing market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global drugs of abuse (DOA) testing market report during the forecast period. The regions covered in the drugs of abuse (doa) testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Drugs of Abuse (DOA) Testing Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the drugs of abuse (doa) testing market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Drugs of Abuse (DOA) Testing Market Include

1. Drugs of Abuse (DOA) Testing Market Executive Summary

2. Drugs of Abuse (DOA) Testing Market Segments

3. Drugs of Abuse (DOA) Testing Market Size And Template Market Growth Rate

4. Key Drugs of Abuse (DOA) Testing Market Trends

5. Major Drugs of Abuse (DOA) Testing Market Drivers

……

25. Key Mergers And Acquisitions In The Drugs of Abuse (DOA) Testing Market

26. Top Drugs of Abuse (DOA) Testing Companies

27. Drugs of Abuse (DOA) Testing Market Opportunities And Strategies

28. Drugs of Abuse (DOA) Testing Market, Conclusions And Recommendations

29. Appendix

Discover Related Reports by The Business Research Company:

Cybersecurity Services Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/cybersecurity-services-global-market-report

IoT Security Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/iot-security-global-market-report

Data Protection As A Service (DPaaS) Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/data-protection-as-a-service-global-market-report

Learn More About The Business Research Company

The Business Research Company has published over 15000+ reports in 27 industries, spanning 60+ geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293

Asia +44 2071930708

Europe +44 2071930708

Email us at [email protected]

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Found this article helpful? Share it on: