Drug Testing: Technologies and Global Markets

August 05, 2008

Wellesley, Mass—According to a new technical market research report, DRUG TESTING: TECHNOLOGIES AND GLOBAL MARKETS (PHM013E) from BCC Research (www.bccresearch.com), the global drugs of abuse (DOA) testing market generated $1.9 billion in 2007. This is expected to increase to $2.0 billion in 2008 and $2.6 billion in 2014, for a compound annual growth rate (CAGR) of 4.6%.

The market is divided by region into the United States, the European Union and the rest of the world. The U.S. segment is the largest, worth $1.4 billion in 2007 and an estimated $1.5 billion in 2008. This should grow at a CAGR of 5.2% to reach $2.0 billion in 2014.

The European Union is the second largest segment, worth $365.2 million in 2007. This should increase to $374.2 million in 2008 and $445.9 million in 2014, for a CAGR of 2.9%.

The rest of the world is the smallest market segment, generating $123.8 million in 2007 and an estimated $123.8 million in 2008. This segment is expected to reach $135.3 million in 2014, a CAGR of 1.3%.

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DOA testing has evolved from a small number of companies that focused on substance abuse testing of their employees during the 1980s to a multi-billion dollar industry. The market shows strong growth, driven by legislation requirements in key markets. Emerging industry segments within the market include home drug testing and school drug testing that are being driven by technology and policy developments.

Technology advancements in the diagnostics sector as well as the entry of new companies in the diagnostics industry have transformed the market. Consolidation trends in the in vitro diagnostics sector also have influenced the drug testing market.

Currently, the drug testing market is dominated by various immunoassays based on the antibody–antigen interaction principles, which involves the drug in question, a competing drug and some type of detection system.  These tests are generally used in conjunction with more sensitive tests such as gas chromatography/ mass spectrometry.
 

Drug Testing: Technologies and Global Markets( PHM013E )
Publish Date: Jul 2008    

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