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Drugs of Abuse Testing Market to Exhibit Moderate 4.8% Cagr, Favorable Government Initiatives to Steer Global Market

  • Date Submitted: 07/31/2015 03:00 AM
  • Flesch-Kincaid Score: 37.4 
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Socioeconomic losses triggered by use of illicit drugs have raised global concerns. Government and non-government agencies of several nations have adopted several initiatives to curb the increasing incidence of drug abuse. This is expected to give momentum to the global drug abuse testing market. According to a report published by Transparency Market Research, the global drugs abuse testing market is projected to exhibit moderate expansion at a 4.8% CAGR between 2013 and 2018. The report is titled “Drugs of Abuse Testing Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2018” and is available on Transparency Market Research’s website for sale. Not just production but trade of illicit drugs has also increased, which has spurred illicit drug consumption substantially. To counter the escalating consumption of illicit drugs, drugs of abuse testing is now being adopted at organizational levels. Additionally, the report mentions that the increasing death rates and rising number of road accidents due to drug abuse is expected to boost the global drugs of abuse testing market considerably.

Browse the full Drugs of Abuse Testing Market Report at http://www.transparencymarketresearch.com/drugs-abuse-testing-market.html


However, the society is yet to discard the stigma associated with the testing of illicit drugs, which is why the drugs of abuse testing market is encountering numerous obstacles. Complications associated with legalization of various drugs, cost concerns, and economic volatility are other factors which could emerge as potential threats to the market. Among the key geographical segments of the global drugs of abuse testing market, North America has demonstrated impressive growth in the adoption of drugs of abuse testing. The presence of the U.S. in North America has got the region the title of the fastest growing drugs of abuse testing market. Other leading markets for drugs of abuse testing are Germany, Japan, the U.K.,...

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