The report states that the specimen validity testing market was estimated at USD 1.26 billion in 2021 and is likely to grow at a CAGR of 6.45% during 2022-2028 to reach USD 1.95 billion in 2028.

Key Players

The following are the key players in the aerospace sheet distribution market:

  • 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.

Segment Analysis

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.

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.

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.

How stakeholders will profit from this report?

This report allows an understanding of the market and benefits from any lucrative opportunities that are available. The market experts have offered a comprehensive study of the existing market scenario while concentrating on the new business objectives. Below given are some reasons why stakeholders should invest in this report -

Market Size Forecasts: The authors of the report have provided a precise evaluation of the Specimen Validity Testing Market size based on value and volume.

Market Trend Analysis: This segment of the report throws light on the present and upcoming trends and developments in the Specimen Validity Testing Market.

Risk Factors & Growth drivers: The report here offers crucial information on the rewarding opportunities, growth drivers, and risk factors in the Specimen Validity Testing Market.

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