Specimen Validity Testing Market Growth Analysis | 2023-2028

Specimen Validity Testing Market Growth Analysis | 2023-2028

Specimen Validity Testing Market Growth Analysis | 2023-2028
Report code - SRHL121 Delivery - 2 Weeks
Specimen Validity Testing Market Size, Share, Trends, Dynamics, Forecast, & Growth Ana See more...

Market Insights

The specimen validity testing market was estimated at USD 1.34 billion in 2022 and is likely to grow at a CAGR of 6.39% during 2023-2028 to reach USD 1.95 billion in 2028.

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Market Dynamics

Introduction

Specimen validity tests, also known as testing for nitrates or Test Sure, are performed on a urine drug screen specimen to detect substitution, adulteration, or dilution. A drug-testing program detects people who have used drugs. The test determines whether a urine specimen has been adulterated, diluted, or substituted.

Market Drivers

Major factors such as increasing illegal drug-related activities, stringent drug-screening regulations, and increasing government investment to combat drug abuse are expected to drive market growth during the forecast period. Furthermore, rising demand for presumptive tests, growing consumption of illicit drugs among the younger generation, and the adoption of drug screening tests at the workplace are all expected to have a significant impact on the demand for the market.

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Key Players

Some of the key players in the market are:

  • ACM Global Laboratories.
  • Alfa Scientific Designs, Inc.
  • American Bio Medica Corporation
  • Clinical Reference Laboratory, Inc.
  • GenomeWeb LLC.
  • Laboratory Corporation of America
  • Premier Biotech, Inc.
  • Quest Diagnostics Incorporated.
  • Sciteck, Inc.
  • Thermo Fisher Scientific Inc.

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Write to us at [email protected]

Segments Analysis

Segmentations

List of Sub-Segments

Segments with High Growth Opportunity

Products & Services Type Analysis

Products {Reagents, Calibrators, and Controls; Assay Kits; and Disposables} and Services

The reagents, calibrators, and controls sub-segment is expected to dominate the market during the forecast period.

Testing Type Analysis

Laboratory Testing and Rapid/POC Testing

Rapid/POC testing is expected to grow at a higher CAGR in the market during the forecast period.

Regional Analysis

North America, Europe, Asia-Pacific, and Rest of the World

North America is the dominant region in the market.

By Products & Services Type

Based on the products & services type, the market is segmented as products and services. The products segment is further sub-segmented as reagents, calibrators, and controls; assay kits; and disposables. The reagents, calibrators, and controls sub-segment is expected to dominate the market during the forecast period, owing to the increasing demand for reagents and rapid screening kits in drug screening laboratories.

By Testing Type

Based on the testing type, the market is segmented as laboratory testing and rapid/POC testing. Rapid/POC testing is expected to grow at a higher CAGR in the market during the forecast period. The benefits of instant results, the ability to detect multiple drugs at once, and the recurrent and repetitive use of rapid/POC drug testing products are driving the segment's growth.

Regional Insights

In terms of regions, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. Among these regions, North America is the dominant region in the market due to stringent laws for drug screening, increasing government investment to control drug abuse, and an increase in the consumption of illicit drugs. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

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Research Methodology

  • This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects specimen validity testing market realities and future market possibilities for the forecast period.
  • The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
  • The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
  • This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
  • More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
  • We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

  • Market structure: Overview, industry life cycle analysis, supply chain analysis.
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
  • Market trend and forecast analysis.
  • Market segment trend and forecast.
  • Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
  • COVID-19 impact and its recovery curve
  • Attractive market segments and associated growth opportunities.
  • Emerging trends.
  • Strategic growth opportunities for the existing and new players.
  • Key success factors.

Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The specimen validity testing market is segmented into the following categories:

By Products & Services Type

  • Products
  • Services

By Testing Type

  • Laboratory Testing
  • Rapid/POC Testing

By End-User Type

  • Workplaces
  • Drug Screening Laboratories
  • Criminal Justice and Law Enforcement Agencies
  • Pain Management Centers
  • Drug Rehabilitation Centers
  • Others

By Region

  • North America (Country Analysis: the USA, Canada, and Mexico)
  • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
  • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and the Rest of Asia-Pacific)
  • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

  • Detailed profiling of additional market players (up to 3 players)
  • SWOT analysis of key players (up to 3 players)

Market Segmentation

  • Current market segmentation by any one of the products & services type by testing type.

Competitive Benchmarking

  • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected].

Frequently Asked Questions (FAQs)

Specimen validity tests, also known as testing for nitrates or Test Sure, are performed on a urine drug screen specimen to detect substitution, adulteration, or dilution. A drug testing program detects people who have used drugs. The test determines whether a urine specimen has been adulterated, diluted, or substituted.

The specimen validity testing market was estimated at USD 1.34 billion in 2022.

The specimen validity testing market is likely to reach USD 1.95 billion in 2028.

The specimen validity testing market is likely to grow at a CAGR of 6.39% during 2023-2028.

ACM Global Laboratories., Alfa Scientific Designs, Inc., American Bio Medica Corporation, Clinical Reference Laboratory, Inc., GenomeWeb LLC., Laboratory Corporation of America, Premier Biotech, Inc., Quest Diagnostics Incorporated., Sciteck, Inc., and Thermo Fisher Scientific Inc are among the top players in the market.

The reagents, calibrators, and controls sub-segment is expected to dominate the market in the next five years.

North America is the dominant region in the market.

Increasing illegal drug-related activities, stringent drug-screening regulations, and increasing government investment to combat drug abuse are the factors driving the growth of the market.