Roadside Drug Testing Devices Market – Scope of the Report
TMR’s report on the global roadside drug testing devices market studies past as well as current growth trends and opportunities to gain valuable insights of these indicators for the market during the forecast period from 2019 to 2027. The report provides the revenue of the global roadside drug testing devices market for the period 2017–2027, considering 2018 as the base year and 2027 as the forecast year. The report also provides the compound annual growth rate (CAGR) for the global roadside drug testing devices market during the forecast period.
The report has been prepared after an extensive primary and secondary research. Primary research involved bulk of research efforts, wherein analysts carried out interviews with industry leaders and opinion makers. Extensive secondary research involved referring to key players’ product literature, annual reports, press releases, and relevant documents to understand the global roadside drug testing devices market.
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Novel Roadside Handheld Devices Offer Convenience of Drug Detection
An alarming rate of deaths caused due to drink and drive scenarios are increasingly becoming a matter of concern for government authorities worldwide. Thus, innovations in the healthcare industry are generating incremental opportunities for companies in the roadside drug testing devices market. For instance, in December 2019, Abbott-a global leader in medical devices announced the launch of the SoToxa™ Mobile Test System, which is acquiring global recognition. Novel roadside drug testing devices are gaining importance to combat drug-impaired driving and ensure road safety.
Companies in the roadside drug testing devices market are increasing their production capabilities to develop handheld devices. This is evident since handheld modality segment is estimated for exponential growth during the forecast period and the global roadside drug testing devices market is expected to reach a value of ~US$ 924 Mn by the end of 2027. Stakeholders in law enforcement are using oral fluid swabs that are inserted in handheld analyzers to detect marijuana and other drugs within minutes.
Innovations in THC Breathalyzers Generate Incremental Opportunities for Manufacturers
Since THC drugs segment is anticipated for exponential growth in the market for roadside drug testing devices, manufacturers are introducing breakthrough innovations that are a novel addition to the cannabis detection sector. For instance, Cannabix Technologies- a supplier of drug detection tools has announced that its scientific team has come up with a proprietary method-Field asymmetric waveform ion mobility spectrometry (FAIMS) to detect THC. Such innovations have contributed toward the modest of the roadside drug testing devices market, which is expected to expand at a CAGR of ~4% during the forecast period. Hence, manufacturers are focusing on innovating breathalyzers using high-field ion mobility and mass spectrometry.
Companies in the roadside drug testing devices market are developing lightweight devices that are user-friendly and store numerous samples. They are increasing efforts to develop devices that are capable of detecting extremely low quantities of THC analytes. Thus, innovative breathalyzers are increasingly replacing conventional breath analyzing techniques.
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Roadside Drug Testing Devices Market: Competition Landscape
- This report profiles major players operating in the global roadside drug testing devices market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments
- The roadside drug testing devices market is moderately fragmented with the presence of a few large-scale players in the global market and some small-scale players in regional markets. The top four to five players hold a major share of the global roadside drug testing devices market.
- Prominent players operating in the global roadside drug testing devices market are
- Drägerwerk AG & Co. KgaA
- Abbott Laboratories
- Oranoxis Inc.
- CareHealth America
- MAVAND Solutions GmbH
- Pacific Data Systems Pty Ltd
- Securetec, and UriTox, LLC
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