Market revenue in 2024 | USD 2,636.4 million |
Market revenue in 2030 | USD 3,723.6 million |
Growth rate | 5.9% (CAGR from 2024 to 2030) |
Largest segment | Consumables |
Fastest growing segment | Rapid Testing Devices |
Historical data covered | 2018 - 2023 |
Base year for estimation | 2024 |
Forecast period covered | 2025 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Consumables, Instruments, Rapid Testing Devices, Services |
Key market players worldwide | Quest Diagnostics Inc, Abbott Laboratories, QuidelOrtho Corp, Roche Holding AG ADR, Thermo Fisher Scientific Inc, Siemens Healthineers AG ADR, Bio-Rad Laboratories Inc, Agilent Technologies Inc, Labcorp Holdings Inc, Clinical Reference Laboratory, Cordant Health Solutions, Legacy Medical, Draegerwerk AG & Co KGaA, Omega Laboratories |
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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 testing market will help companies and investors design strategic landscapes.
Consumables was the largest segment with a revenue share of 34.63% in 2024. Horizon Databook has segmented the Asia Pacific drug testing market based on consumables, instruments, rapid testing devices, services covering the revenue growth of each sub-segment from 2018 to 2030.
Several key trends are reshaping the landscape of the drug testing market in Asia Pacific. One prominent trend is the increasing focus on preventing consumption of illicit drug consumption. Healthcare providers as well as government authorities in Asia Pacific
Recognize the importance of spreading awareness about harmful effects of illicit drugs. Moreover, there is a growing emphasis on innovation of new testing technologies and growing investments for product development.
Such activities are expected to offer favorable opportunity for market growth in Asia Pacific. In March 2023, Singapore Ministry of Home Affairs (MHA) announced a new plan to deploy new saliva test kit for detection of drugs at roadblocks and checkpoints.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific drug testing market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific drug testing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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