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The specimen validity testing market size has the potential to grow by USD 393.04 million during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.
This report provides a detailed analysis of the market by type (products and services) and geography (Asia, Europe, North America, and ROW). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including 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.
The market is fragmented due to the presence of numerous vendors, ranging from small regional vendors to large global vendors. These vendors are focusing on adopting both organic growth strategies such as product launches and inorganic growth strategies such as mergers and acquisitions to increase their dominance and expand their product offerings. 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. Although the growing consumption of alcohol and illicit drugs will offer immense growth opportunities, the presence of a stringent regulatory framework will challenge the growth of the 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.
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Type
Customer landscape
Geographic Landscape
Drivers, Challenges, and Trends
Vendor Landscape
Vendor Analysis
Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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