LONDON--(BUSINESS WIRE)--Technavio has been monitoring the specimen validity testing market and it is poised to grow by USD 393.04 million during 2020-2024, progressing at a CAGR of about 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Abbott Laboratories, Alfa Scientific Designs Inc., American Bio Medica Corp., Laboratory Corporation of America Holdings, Premier Biotech Inc., Quest Diagnostics Inc., Rochester Regional Health, Sciteck Inc., Thermo Fisher Scientific Inc., and W.H.P.M. Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Rising consumption of alcohol and illicit drugs has been instrumental in driving the growth of the market.
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Specimen Validity Testing Market 2020-2024: Segmentation
Specimen Validity Testing Market is segmented as below:
- Type
- Products
- Services
- Geographic Landscape
- North America
- Europe
- Asia
- ROW
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Specimen Validity Testing Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our specimen validity testing market report covers the following areas:
- Specimen Validity Testing Market Size
- Specimen Validity Testing Market Trends
- Specimen Validity Testing Market Analysis
This study identifies growing adoption of inorganic growth strategies by vendors as one of the prime reasons driving the specimen validity testing market growth during the next few years.
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Specimen Validity Testing Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist specimen validity testing market growth during the next five years
- Estimation of the specimen validity testing market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the specimen validity testing market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of specimen validity testing market vendors
Table of Contents:
Executive Summary
- Market Overview
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Type
- Market segments
- Comparison by Type placement
- Products - Market size and forecast 2019-2024
- Services - Market size and forecast 2019-2024
- Market opportunity by Type
Customer Landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- Asia - Market size and forecast 2019-2024
- ROW - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Volume driver - Demand led growth
- Volume driver - Supply led growth
- Volume driver - External factors
- Volume driver - Demand shift in adjacent markets
- Price driver - Inflation
- Price driver - Shift from lower to higher priced units
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Abbott Laboratories
- Alfa Scientific Designs Inc.
- American Bio Medica Corp.
- Laboratory Corporation of America Holdings
- Premier Biotech Inc.
- Quest Diagnostics Inc.
- Rochester Regional Health
- Sciteck Inc.
- Thermo Fisher Scientific Inc.
- W.H.P.M. Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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Specimen Validity Testing Market 2020-2024 | Rising Consumption of Alcohol and Illicit Drugs to Boost Growth | Technavio - Business Wire
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