Asia Pacific Drug Of Abuse Testing Services Market Size & Outlook
Asia Pacific drug of abuse testing services market, 2018-2030 (US$M)
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Asia Pacific drug of abuse testing services market highlights
- The Asia Pacific drug of abuse testing services market generated a revenue of USD 1,121.8 million in 2023.
- The market is expected to grow at a CAGR of 3.2% from 2024 to 2030.
- In terms of segment, cannabis/marijuana was the largest revenue generating drug type in 2023.
- Cannabis/Marijuana is the most lucrative drug type segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 1,121.8 million |
| Market revenue in 2030 | USD 1,399.1 million |
| Growth rate | 3.2% (CAGR from 2023 to 2030) |
| Largest segment | Cannabis/marijuana |
| Fastest growing segment | Cannabis/Marijuana |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Alcohol, Cannabis/Marijuana, Cocaine, Opioids, Amphetamine & Methamphetamine, LSD, Other Drug Types |
| Key market players worldwide | Quest Diagnostics Inc, Abbott Laboratories, Clinical Reference Laboratory, Cordant Health Solutions, ZeOmega, Psychemedics Corp, Millennium HealthCare Inc, Mayo Clinic, Precision Diagnostics, LGC Group, Labcorp Drug Development, Legacy Medical, Drugscan, USDTL |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 17.2% of the global drug of abuse testing services market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 4,717.6 million by 2030.
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Drug Of Abuse Testing Services Market Scope
Drug Of Abuse Testing Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific drug of abuse testing services market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to drug of abuse testing services market will help companies and investors design strategic landscapes.
Cannabis/marijuana was the largest segment with a revenue share of 24.29% in 2023. Horizon Databook has segmented the Asia Pacific drug of abuse testing services market based on alcohol, cannabis/marijuana, cocaine, opioids, amphetamine & methamphetamine, lsd, other drug types covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific is expected to exhibit a lucrative CAGR during the forecast period, which can be attributed to the high prevalence of drug abuse in countries such as India and China.
Furthermore, increase in drug related crimes and fatal road accidents are anticipated to boost the demand for drug of abuse testing services. However, the lack of clear regulations related to workplace drug testing and nationwide lockdowns due to the COVID-19 pandemic are anticipated to be major factors hampering the market.
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Target buyers of Asia Pacific drug of abuse testing services market databook
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Our clientele includes a mix of drug of abuse testing services market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific drug of abuse testing services market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific drug of abuse testing services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific drug of abuse testing services market size, by country, 2018-2030 (US$M)
Asia Pacific Drug Of Abuse Testing Services Market Outlook Share, 2023 & 2030 (US$M)
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