(MENAFN- America News Hour) “The report on
Roadside Drug Testing Devices Market
was recently published by SDKI, which includes the latest market trends, current and future opportunities along with the factors that are driving the growth of the market. This report further encompasses the records for the expansion of the market along with information on the investment opportunities that help the clients to take positive decisions on the parameters for gaining profitable revenues. Moreover, the report also contains identification and investigation of the market structure, in-depth qualitative analysis, restraints & challenges, growth drivers, emerging product trends & market opportunities and Porter's five forces.
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Roadside Drug Testing Devices Market: Overview According to the latest research report on the global roadside drug testing devices market for the historical period of
2022-2031
and the forecast period of
2022-2031,
increase in the number of drug and alcohol abusers and adoption of rapid test devices for screening or identification of drug and alcohol are anticipated to drive the global roadside drug testing devices market during the forecast period According to the report, the global roadside drug testing devices market was valued at
US$ 0.65 Bn
in
2018 . It is projected to expand at a CAGR of
~4%
from
2022-2031.
Technological Advancements in Roadside Drug Testing Devices to Propel Market: A Key Driver Roadside drug testing devices have already been adopted by the police force, with the introduction of a large number of new breathalyzer devices Recent advancements by providers of drug, alcohol, and disease-testing products offer police with a robust set of roadside testing tools for the detection of alcohol and drug classes such as amphetamine, benzodiazepines, cannabis (THC), cocaine, methamphetamine, and opiates
As the body metabolizes a drug, it excretes molecules, which can (apparently) be detected in fingerprints by using the mass spectrometry method. The method works even after the hands are washed. Hence, there is no 'coming clean' with a quick trip to the sink. Researchers report
99%
of accuracy rate by using this method.
Increase in the burden of drug and alcohol abuse and technological advancements have resulted in the adoption of portable roadside drug testing devices. Thus, rise in the demand for portable or handheld roadside drug testing devices is expected to propel the global roadside drug testing devices market during the forecast period.
Large Target Population Increase in the number of drug and alcohol abusers across the world is expected to provide significant opportunities to test providers and manufacturers of drug abuse test products in the near future. According to the United Nations Office of Drug and Crime, over
5%
of the global population aged between 15 and 64 years uses illicit drugs. Moreover, nearly
32.4 million
people worldwide use pharmaceutical opioids and opiates such as opium or heroin. According to the Centers for Disease Control and Prevention (CDC), around
4.7%
of people aged 16 years or above in the U.S. are reported to be driving under the influence of marijuana and 0.9% are reported to be driving under the influence of illicit drugs other than marijuana. Rise in target population and increase in government initiatives to control road accidents and fatalities in various countries are likely to drive the global roadside drug testing devices market during the forecast period
Inaccurate Results to Hamper Roadside Drug Testing Devices Market Concerns about the efficacy and efficiency of roadside drug testing devices have increased over the last few years. For instance, in a study, which included over 300 Norway-based drivers who were tested for impairment by using both the oral device as well as the blood sample, it was found that the ratio of false-positive results generated by the device to findings of the blood sample was
14.5%
for cannabis and
87.1%
for cocaine. Inaccurate results (false-positive or false-negative results) associated with roadside drug testing devices are projected to restrain the global roadside drug testing devices market during the forecast period
Roadside Drug Testing Devices Market: Competition Landscape This report profiles major players operating in the global roadside drug testing devices market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments The roadside drug testing devices market is moderately fragmented with the presence of a few large-scale players in the global market and some small-scale players in regional markets. The top four to five players hold a major share of the global roadside drug testing devices market. Prominent players operating in the global roadside drug testing devices market are
Drägerwerk AG & Co. KgaA Abbott Laboratories Oranoxis Inc. CareHealth America MAVAND Solutions GmbH Pacific Data Systems Pty Ltd Securetec, and UriTox, LLC
Roadside Drug Testing Devices Market: Key Developments Key players operating in the global roadside drug testing devices market are engaged in the development and approval of new products, mergers and acquisitions, and collaborations. Major developments by key players operating in the global market are likely to fuel the global roadside drug testing devices market in the next few years. Some of the key developments in the global roadside drug testing devices market are as follows: In
October 2017 , Abbott Laboratories acquired Alere, Inc. for approximately
US$ 4.5 Bn . SoToxa, formerly known as the Alere DDS2 mobile test system, is able to generate test results indicating the presence of certain drugs in just five minutes. SoToxa is currently being used by law enforcement agencies in countries across the world including Canada, Germany, Spain, the U.K., and the U.S. In
September 2018 , Securetec launched WipeAlyser, a mobile analysis device for use with the DrugWipe rapid drug screening test. DrugWipe itself is a highly precise saliva test for quick and safe detection of up to seven drug types. In
June 2019 , Securetec developed the DrugWipe 2S saliva test for buprenorphine and methadone. The two active substances i.e. buprenorphine and methadone were used successfully to treat drug addiction.
The report on the global roadside drug testing devices market discusses individual strategies, followed by company profiles of manufacturers of roadside drug testing devices. The 'Competition Landscape' section has been included in the report to provide readers with a dashboard view and company market share analysis of key players operating in the global roadside drug testing devices market.
Roadside Drug Testing Devices Market – Scope of the Report
The report on the global roadside drug testing devices market studies past as well as current growth trends and opportunities to gain valuable insights of these indicators for the market during the forecast period from 2019 to 2027. The report provides the revenue of the global roadside drug testing devices market for the period 2017–2027, considering 2018 as the base year and 2027 as the forecast year. The report also provides the compound annual growth rate (CAGR) for the global roadside drug testing devices market during the forecast period.
The report has been prepared after an extensive primary and secondary research. Primary research involved bulk of research efforts, wherein analysts carried out interviews with industry leaders and opinion makers. Extensive secondary research involved referring to key players' product literature, annual reports, press releases, and relevant documents to understand the global roadside drug testing devices market.
Secondary research also included Internet sources, statistical data from government agencies, websites, and trade associations. Analysts have employed a combination of top-down and bottom-up approaches to study various phenomenon in the global roadside drug testing devices market.
The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments in the scope of the study. Furthermore, the report sheds light on changing competitive dynamics in the global roadside drug testing devices market. These indices serve as valuable tools for existing market players as well as for entities interested in entering the global roadside drug testing devices market.
The report delves into the competitive landscape of the global roadside drug testing devices market. Key players operating in the global roadside drug testing devices market have been identified, and each one of these has been profiled for their distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players in the global roadside drug testing devices market that have been profiled in this report.
Key Questions Answered in Roadside Drug Testing Devices Market Report
What is the scope of growth of companies in the global roadside drug testing devices market? What will be the Y-o-Y growth of the global roadside drug testing devices market between 2019 and 2027? What is the influence of changing trends in technologies on the global roadside drug testing devices market? Will North America continue to be the most profitable market for roadside drug testing devices providers? Which factors will hamper the growth of the global roadside drug testing devices market during the forecast period? Which are the leading companies in the global roadside drug testing devices market?
Research Methodology
A unique research methodology has been utilized to conduct a comprehensive research on the growth of the global roadside drug testing devices market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions.