2020-2027 Analysis and Review Cocaine Rapid Test Kit Market

Cocaine Rapid Test Kit Market

Cocaine Rapid Test Kit Market By Type (Urine, Saliva and Others), By End User (Hospital & Clinic, Law Enforcement Agencies and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 – 2027

20-07-2020 REP-HC-5138 40 Tables 110 pages Format

The cocaine rapid test kit market was valued at USD 294.8 Mn by 2019. The rising prevalence of substance abuse among the adolescent population worldwide primarily drives the cocaine rapid test kit market growth. Additionally, the stringent norms sanctioned by the law enforcement agencies regarding the effective screening of suspects doing cocaine addiction across the globe further accentuates the market growth.

Cocaine Rapid Test Kit Market

Cocaine rapid test kit has undergone technological advancement in the last decade to curb the social evil associated with substance abuse among the young population throughout the globe. Cocaine use causes constriction of blood vessels, an increase in heart rate, blood pressure, body temperature which results in seizures or cardiac arrest, hence early detection and rehabilitation of addicts are necessary to save millions of lives worldwide.

The major segments related to the cocaine rapid test kit market are: 

By Type (2017–2027; US$ Mn)

Urine

Saliva

Others

By End User (2017–2027; US$ Mn)

Hospital & Clinics

Law Enforcement Agencies

Others

Geography Segment (2017–2027; US$ Mn)

North America

U.S.
Canada

Europe

United Kingdom
Germany
Russia
France
Italy
Spain
Ukraine
Rest of Europe

Asia Pacific

China
Japan
Rest of Asia Pacific

Latin America (LATAM)

Brazil
Mexico
Rest of Latin America

Middle East and Africa (MEA)

GCC
Rest of MEA 

Justification for study?

  • The intention of the study is to give a comprehensive outlook of the global cocaine rapid test kit market
  • The overall segmentation of the cocaine rapid test kit market, by type, end-user, and geography is minutely studied. Urine and hospital & clinic are dominating the type and end-user segments respectively
  • Rising prevalence of narcotic drug addiction among the young adult population worldwide
  • Stringent norms sanctioned by the law enforcement agencies regarding the screening of narcotic substances in suspects across the globe

Report gist?

  • The study of the global cocaine rapid test kit market includes qualitative analysis of factors such as drivers, restraints, and opportunities
  • The report covers the qualitative and quantitative analysis of the overall market segmented on the basis of type and end-user and categorization of the same at the geography level
  • This research report presents the analysis of each segment from 2017 to 2027 in which 2019 is considered as the base year. The compounded annual growth rate is calculated for the respective segments from 2020 to 2027

The study includes the profiles of major market players with a significant global and regional presence along with top company positioning. 

Significant customers?

  • This study is suitable for industry participants and stakeholders in the medical devices actively engaged in the production and marketing of cocaine rapid test kit due to the  rising prevalence of narcotic drug addiction worldwide
  • The report will benefit law enforcement officers engaged in the effective screening of suspects for substance abuse
  • Managers with financial institutions looking to publish recent and forecasted statistics pertaining to cocaine rapid test kit market
  • Financial institutions, venture capitalist, analysts, investors, government organizations, policymakers, regulatory authorities, researchers, looking for insights into the market to determine future strategies 

Segment Analysis

Urine test is spearheading the test type segment for cocaine rapid test kit market. Detection of metabolites of cocaine in the urine sample is highly reliable and time-efficient wherein the cocaine detection is done within few minutes. Very few aliquots of the urine sample are required as the test kit is highly sensitive and technologically advanced. A saliva test will be showcasing rampant market growth in the near future owing to its ability to perform screening of substance abuse on suspects on the site of crime making it highly popular among the law enforcement agencies across the globe. It is a non-invasive technique which is considered as an alternative to blood and urine test when substitution and adulteration is suspected.

Hospitals and clinics are currently leading the end-user segment for cocaine rapid test kit market. A significant rise in the number of patients suffering from drug toxicity related to substance abuse across the globe is immediately hospitalized in the medical emergency room for stabilizing the patient's health and neutralizing the effect of the narcotic drugs on the central nervous system. Law enforcement agencies are expected to highlight significant market performance during the forecast period on account of the stringent norms sanctioned pertaining to the effective screening of cocaine abuse throughout the globe.

North America is presently representing the largest market share in the cocaine rapid test kit market. Rising prevalence of drug addicts using substance abuse primarily drives the cocaine rapid test kit market in the region. As per the latest research citings provided by the Center for Disease Control and Prevention (CDC), approximately 1.5 million people in the United States were reported to be abusing cocaine. Stringent norms sanctioned by the Drug Enforcement Administration (DEA), has implemented effective screening of suspects for cocaine abuse in the region. Europe is the second-largest regional segment for cocaine rapid test kit market on account of the domicile of key players such as Alfa Scientific Designs, AccuBioTech, Cortez Diagnostics, Inc., BIOSYNEX, etc. The Asia Pacific is anticipated to be the fastest-growing regional segment for cocaine rapid test kit market, chiefly due to the significant increase in the adolescent population doing substance abuse and lucrative market opportunity for western giants to establish subsidiaries and retail outlets in the region.

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