Industry Analysis & Industry Trends
Over the five years to 2015, the Drug and Alcohol Test Kit Manufacturing industry experienced relatively slow growth. Thanks to the recession, downstream factors, such as the demand for alcohol and per capita disposable income, affected demand for industry products as consumers switched from high-accuracy, multi-drug products to the industry's more affordable, simpler offerings. Over the next five years, however, industry revenue is expected to increase due to the recovering economy and bolstered international trade.... purchase to read more
Industry Report - Industry Analysis Chapter
Home diagnostic kits designed to test for the presence of drugs and alcohol in an individual’s system were only introduced to the US market in the late 1990s. The US Food and Drug Administration approved the country’s first at-home drug test, Dr. Brown’s Home Drug Testing System, in 1997. Prior to the introduction of such kits, drug and alcohol screening could only take place in a laboratory or hospital.
As point of care (POC) drug testing, drug tests that provide immediate screening results, has become more prevalent, industry revenue has increased. Over the five years to 2015, industry revenue is expected to grow at an annualized rate of 4.3% to $2.1 billion, including 1.1% growth in 2015... purchase to read more