What Are the Evolving Opportunities for the Players in the At-Home Drug of Abuse Testing Market?

According to the estimates of the market research company, P&S Intelligence, the value of the market will grow from $483.6 million in 2017 to $831.9 million by 2023.
 
ANZA, Calif. - May 20, 2022 - PRLog -- With the growing consumption of illicit drugs, the demand for at-home drug of abuse (DOA) testing is rising sharply across the world. Moreover, the increasing trade and production of illicit drugs is also propelling the worldwide requirement for at-home DOA testing kits. As per the United Nations Office on Drugs and Crime (UNODC), opium production in Afghanistan surged by 87% from 2016 to 2017 and reached 9,000 metric tons in 2017. Furthermore, the area under opium poppy cultivation also soared to 328,000 hectares in 2017 from 201,000 hectares in 2016, registering an increment of 63% during this period.

Furthermore, the market is expected to advance at a CAGR of 9.6% between 2018 and 2023. Rapid DOA test kits and breath analyzers are the most widely used at-home DOA testing products. Between them, the demand for rapid DOA test kits (https://www.psmarketresearch.com/market-analysis/at-home-doa-testing-market) was found to be higher during the last few years. The abundant availability of several types of rapid DOA test kits and the existence of numerous rapid DOA test kit producers are the major factors fueling the popularity of these kits.

Test strips, test cups, and test dip cards are the most commonly used types of rapid DOA test kits. Out of these, the demand for test cups is predicted to surge rapidly in the forthcoming years. These cups are extensively used in urine drug testing procedures at homes. Geographically, the sales of at-home DOA testing kits are expected to soar in the Asia-Pacific (APAC) region in the forthcoming years, primarily because of the growing consumption and production of illicit drugs, such as methamphetamines, amphetamine-type stimulants (ATS), heroin, and opium, in the region.

This study covers
  • Major factors driving the market and their impact during the short, medium, and long terms
  • Market restraints and their impact during the short, medium, and long terms
  • Recent trends and evolving opportunities for the market participants
  • Historical and the present size of the market segments and understand their comparative future potential
  • Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
  • Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders


Contact
Pramod Kumar
***@gmail.com
End
Email:***@gmail.com
Tags:Drug of Abuse
Industry:Business
Location:Anza - California - United States
Subject:Reports
Account Email Address Verified     Account Phone Number Verified     Disclaimer     Report Abuse
P&S Intelligence News
Trending
Most Viewed
Daily News



Like PRLog?
9K2K1K
Click to Share