London, 09 October 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global Drug Abuse Testing Market 2014-2018, which is expected to post a CAGR of 4.71 percent during the forecast period of 2013-2018.
“Vendors are using M&A or collaborations to increase their global presence and to expand their product portfolios. Such strategies help vendors focus better and thereby increase their profit margins,” says Faisal Ghaus, Vice President of TechNavio.
Key Market Drivers
- Increased Consumption of Illicit Drugs
- Various Initiatives to Reduce Use of Illicit Drugs
- Increase in Drug Abuse Testing in the Workplace
- Advances in Drug Abuse Testing Technology
Key Market Trends
- Increase in Number of Collaborations and M&A
- Availability of POC Abuse Testing Products
- Increased Drug Abuse Testing for Athletes
- Multiple Modalities Used for Drug Abuse Testing
Key Market Vendors
- Bio-Rad Laboratories Inc.
- Danaher Corp.
- F. Hoffmann-La Roche Ltd.
- Siemens AG
- Thermo Fisher Scientific Inc.
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
