Global Specimen Validity Test (SVT) Reagents Market 2017-2025: Increasing Number of Partnerships of Key Manufacturers with Local Players in Developing Countries

The global specimen validity test (SVT) reagents market was valued at US$ 832.8 Mn in 2016, and is expected to reach US$ 1,341.9 Mn by 2025, expanding at a CAGR of 5.4% from 2017 to 2025.

It is studied that, in the base year 2016, laboratory based screening was major revenue generating segment due to presence of large number of certified laboratories and stringent guidelines to regulate the accuracy and integrity of the laboratories. However, increasing adoption of stricter regulatory guidelines for pre-employment and random drug testing expected to assist on-site screening market growth during forecast period.

Currently, North America is largest revenue contributor in global SVT reagents market; contributing more than 65 percent of total market share. Stringent guidelines have been structured by the government to overcome adulteration of the drug testing specimen is prime contributor in North America SVT reagent market. Presence of large number of industries and growing number of pre-employment and random drug testing at workplace are another factors that assisting the SVT reagents market growth in North America. However, Asia Pacific is expected to show lucrative growth during forecast period due to developing healthcare infrastructure, rising adoption of stringent regulatory guidelines for drug testing and rising number of drug abuse population.

Key Market Movements:

Key Topics Covered:

Chapter 1 Preface

Chapter 2 Executive Summary

Chapter 3 Specimen Validity Test (SVT) Reagents Market Analysis

Chapter 4 Global Specimen Validity Test (SVT) Reagents Market, by Location Type

Chapter 5 Global Specimen Validity Test (SVT) Reagents Market, By Geography

Chapter 6 Company Profiles

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