Specimen Validity Testing Market Overview:
Specimen Validity Testing (SVT) is performed for testing urine samples in order to detect if it has been adulterated, substituted, and diluted. The substitution is carried out by separating water or salt from the samples or specimens and is generally identified by a high level of creatinine or through specific gravity test results. Whereas, adulteration is the addition of other substances in the specimen to cover the presence of drug or to destroy the traces of drug and drug metabolite that are suspected to be present in the specimen. Dilution happens when a large amount of water or fluid is consumed before the collection of the specimen
Specimen Validity Testing Market Report 2020-2027 (Forecast Period) includes an analysis of market growth factors, future analysis, country-level, and regional-level analysis, market distribution, and competitive landscape analysis of major key competitors. Within the analysis report, each phase of the world global market is completely studied. The regional study of the global market will help you in gaining an understanding of the developments of the various geographic markets in recent years and moving ahead. The analysis also includes a wide-ranging synopsis of the key factors of the global market, like market influence and market result factors, drivers, threats, constraints, trends, restraints, and prospects. alternative methods of analysis, like qualitative and quantitative, also are used within the analysis study. Maximize Market Research team analysis provides a unique and in-depth report that helps you to perform detailed research on the global Specimen Validity Testing market and make decisions on the future growth factors of the market. The market report provides an overview of the development of the Specimen Validity Testing market throughout the forecasted period.
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The Specimen Validity Testing market report thoroughly covers insights of key competitors in terms of market, applications, and geographies that will help you in recognizing the competition both domestic as well as globally. The research mentions available micro-market investment options for investors and a full synopsis of the competitive landscape and significant products offered by industries.
The report also includes statistical data that consists of tables and charts which will further help you in business representation. Maximize Market Research also studies the current as well as new trends with the estimations of the market size throughout the forecasted period. Many competitors are also identified in various regions. The report provides PESTEL and Portal analysis too, which helps the clients to calculate every factor of the market.
Specimen Validity Testing Market Segmentation:
By product & services, the segment of reagents, calibrators, and controls is expected to account for the largest market share in terms of revenue in the global market due to increased demand and purchase of reagents, rising in the number of drug screening tests performed coupled with increasing use of rapid drug screening test kits globally. Reagents are chemicals that are used in labs to detect reactions, measure, or make other substances, some of the common reagents include Ethylene, Methane, Propane, and Ethane. Furthermore, the rise in research and development activities in order to boost the efficacy of specimen validity testing has driven demand for reagents and is projected to further contribute to the growth of the segment.
By type, the specimen validity testing market is segmented into laboratory testing and rapid/POC (Point-of-Care) testing. The segment of laboratory testing accounted for the highest market share. The growth can be attributed to the increased SVT in hospitals and clinics, development in the numbers of screening labs, and rising incidences of drug abuse at the workplace and in households. As laboratory tests are part of routine check-ups and hold very high state and federal regulatory standards. They are cost-saving and provides real-time monitoring. Whilst, rapid/POC testing segment is anticipated to grow as well owing to the benefits offered by point-of-care testing such as quick results, detection of multiple drugs, and increased global demand for rapid/POC drug testing kits.
Specimen Validity Testing Market Key Players:
• Thermo Fisher Scientific, Inc.
• American Bio Medica Corporation
• Express Diagnostics
• Premier Biotech LabCorp.
• Quest Diagnostics
• ACM Global Laboratories
• Clinical Reference Laboratory (CRL)
• Danaher Corporation
• Fast Track Diagnostics
• Genway Biotech, Inc.
• Abbott Diagnostics
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Specimen Validity Testing Market Regional Analysis:
Based on the regions the market is studied across
Asia-Pacific (Vietnam, Malaysia, Korea, China, Philippines, Thailand, Indonesia, and India, Japan, Australia, ). Africa and the Middle East (Egypt and GCC Countries.).North America (Canada, the United States, and Mexico.). South America (Brazil etc.). Europe (France, Italy, Germany, Russia, UK, Turkey, etc.).
IMPACT Of COVID-19 On The Specimen Validity Testing Market:
COVID-19 has impacted the world with its fast-spreading effects all over the world. It has impacted every industry and business except for the medical and health care industry which is working 24/7 to stop the spread of the COVID-19 virus, they are working hard to save the lives of people affected by this virus. As mentioned many industries are suffering in this COVID-19 times, our market is also one of them. Our team here at Maximize Market Research has worked hard to provide solutions to these issues that will help your business.
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