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$1.49 Bn Specimen Validity Testing Market - Global Forecast to 2023 - ResearchAndMarkets.com

September 27, 2018

DUBLIN--(BUSINESS WIRE)--Sep 27, 2018--The “Specimen Validity Testing Market by Product (Reagent, Controls, Assay Kits, Disposables), Type (Laboratory, POC Testing), End User (Workplace, Drug Screening, Pain Management, Drug Rehabilitation Centers) - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.

The global specimen validity testing market is projected to reach USD 1.49 Billion by 2023 from USD 1.10 Billion in 2018, at a CAGR of 6.3%.

The report segments the global specimen validity testing market by product and service, type, end user, and region.

Report Highlights

The services segment is expected to register the highest growth rate during the forecast period. In 2018, the reagents, calibrators, and controls segment is expected to account for the largest share of the market, owing to the repeated purchase of these products. In 2018, the laboratory testing segment is expected to account for the largest share of the market. In 2018, the workplaces segment is expected to account for the largest share of the market. The growth in this segment can be attributed to the increasing incidence of substance abuse in the workplace and the growing number of organizations that have made regular drug screening mandatory. The market is dominated by North America, followed by Europe. While the specimen validity testing market represents significant growth opportunities, market growth may be hindered due to the emergence of alternative drug screening tests.

Market Dynamics

Drivers

Growth in the Drug Screening Market Increase in Workplace Drug Testing

Restraints

Emergence of Alternative Drug Screening Tests

Market Opportunities

Rapid/Point-Of-Care Specimen Validity Testing

Market Trends

Market Consolidation Regulatory Approvals for Rapid Testing Products

Companies Mentioned

ACM Global Laboratories Alere (Subsidiary of Abbott Laboratories) Alfa Scientific Designs American Bio Medica Corporation (ABMC) Clinical Reference Laboratory Express Diagnostic International LabCorp Premier Biotech Quest Diagnostics Sciteck Thermo Fisher Scientific

For more information about this report visit https://www.researchandmarkets.com/research/n9jffc/1_49_bn_specimen?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180927005291/en/

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Related Topics:Laboratory Testing,Laboratory Equipment

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SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 09/27/2018 03:49 AM/DISC: 09/27/2018 03:48 AM

http://www.businesswire.com/news/home/20180927005291/en

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