Drug Testing markets expected to reach to reach nearly $3.9 billion by 2022

Thursday, June 15, 2017 Drug News
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NEW YORK, June 14, 2017 /PRNewswire/ -- Highlights

·         The global drug of abuse (DOA) testing market

reached nearly $3.0 billion in 2016. This market is estimated to grow at a compound annual growth rate (CAGR) of 4.5% to reach nearly $3.9 billion by 2022 from $3.1
billion
in 2017.

·         Urine DOA testing, the largest segment of the market, reached $1.7 billion in 2016. This market is estimated to grow at a CAGR of 4.5% to reach $2.2 billion by 2022 from $1.8 billion in 2017.

·         DOA testing sales by oral fluids, the fastest growing segment of the market, reached $198 million in 2016. This market is estimated to grow at a CAGR of 7.8% to reach $320 million by 2022 from $220 million in 2017.

·         The purpose of this study is to analyze the market for drugs of abuse (DOA) testing globally and to provide market, technology and revenue forecasts for the period from 2016 to 2022.

·         This report also analyzes the global environment related to regulations, national level policies and legislations in several parts of the world that affect DOA testing markets.

·         This BCC Research report provides an in-depth look at DOA testing markets, which had sales of over $3.1 billion in 2017.

·         Future growth prospects of this market by various market segments have been analyzed based on market dynamics, technology efficacies and regulatory factors.

• The global drug of abuse (DOA) testing market reached nearly $3.0 billion in 2016. This market is estimated to grow at a compound annual growth rate (CAGR) of 4.5% to reach nearly $3.9 billion by 2022 from $3.1 billion in 2017.• Urine DOA testing, the largest segment of the market, reached $1.7 billion in 2016. This market is estimated to grow at a CAGR of 4.5% to reach $2.2 billion by 2022 from $1.8 billion in 2017.• DOA testing sales by oral fluids, the fastest growing segment of the market, reached $198 million in 2016. This market is estimated to grow at a CAGR of 7.8% to reach $320 million by 2022 from $220 million in 2017.Read the full report: http://www.reportlinker.com/p02779325/Drug-Testing-Technologies-and-Global-Markets.htmlAbout Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.http://www.reportlinker.com   __________________________Contact Clare: clare@reportlinker.com  US: (339)-368-6001 Intl: +1 339-368-6001

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/drug-testing-markets-expected-to-reach-to-reach-nearly-39-billion-by-2022-300474258.html

SOURCE Reportlinker



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