Brazil Drug of Abuse Testing Market Size, Shares, Growth, Segments, Industry Analysis & Outlook 2020-2026

Infinium Global Research’s recent report on the “Brazil Drug of Abuse Testing Market (Product Type- Analyzers, Rapid Testing Devices, and Consumables; Sample Type- Saliva, Urine, Blood, Industrial Goods, and Others; End Users- Hospitals, Diagnostic Laboratories, Forensic Laboratories, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026” provides a comprehensive outline of the factors responsible for the growth of the market. Brazil drug of abuse testing market to grow with a CAGR of 4.8% over the period of 2020 to 2026. "We are Now Including the Impact Analysis of the COVID-19 on this Premium Report and the Forecast Period of this Report shall be Revised to 2020-2026."  The Section on the Impact of COVID-19 on this Market is Included in the Report for Free. To Know More Request Sample of this Report: https://www.infiniumglobalresearch.com/reports/sample-request/16087

Brazil is one of the largest countries in the world, in terms of geographical area and population. It is home to wide demographic, social and cultural diversity, along with strong regional inequality. Drug abuse is the most common problem in Brazil. As per the World Drug Report 2020, Brazil is the largest cocaine market in South America with nearly 1.5 million past-year cocaine and crack cocaine users. Brazil is also the world’s second-largest consumer of cocaine hydrochloride. The drugs of abuse testing solutions detect level of illegal and/or prescribed substances in the blood, urine, saliva, hair, or sweat.

Various testing methods are used for a wide range of drugs including marijuana, cocaine, opioids, amphetamines, alcohol, and PCP. The growing urban population in the country and rise in affluence and disposable income are the major driving factors for the expanding drug usage in Brazil. Therefore, as the use of narcotic drug increases, Brazilian law enforcement is expected to improve screening and prohibitions, which in turn will drive the growth of the testing for drugs of abuse in the country.

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The coronavirus outbreak is currently making a huge impact in every vertical in Brazil. The drug of abuse testing market in Brazil is also likely to follow a parallel trajectory as 21 percent of employers have reported a drop of 61 percent or more in the number of drug tests that they perform on employees. Furthermore, as the entire country is primarily focused on containing the virus, sales of non- essential products were delayed during the 2020 COVID-19 lockdown period, which will lead to a fall in the profitability of the companies operating in the market.

In addition, market volatility as a result of coronavirus fears has also caused budget reductions and approval delays that could impact demand for drug abuse testing equipment, reagents as well as services in the near term. Nevertheless, shifts to narcotics such as new synthetic opioids or designer benzodiazepines that are available online have been witnessed in the market. The drug abuse screening test market will therefore witness an increased demand for drug of abuse testing in the coming years.

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Sale of Rapid Testing Devices is Driving the Market Owing to their Adoption in Resource-Limited Settings

In terms of product type, the Brazil drug of abuse testing market is segmented into analyzers, rapid testing devices, and consumables. The rapid testing devices segment generated the highest revenue among the product type in the Brazil drug of abuse testing market, in 2019. Rapid testing devices are designed for use where a preliminary screening test result is essential and are particularly useful in resource-limited settings. These devices are appropriate for individual or a limited number of samples and need little or no additional equipment. Rapid testing devices are further segmented into urine testing devices and oral fluid testing devices.

The urine testing devices segment was the highest contributor to the market in 2019 and is anticipated to maintain its dominance throughout the forecast period. The report on the “Brazil Drug of Abuse Testing Market (Product Type- Analyzers, Rapid Testing Devices, and Consumables; Sample Type- Saliva, Urine, Blood, Industrial Goods, and Others; End Users- Hospitals, Diagnostic Laboratories, Forensic Laboratories, and Others)”

The Drug of Abuse Testing Market is Anticipated to Witness Several Product Launches to Satisfy the Growing Demand

The Brazil drug of abuse testing market is highly competitive and fragmented with the presence of several regional and global players. With the increase in demand for drug of abuse testing, the major global players are taking steps to cater to this demand and gain higher profits. These steps include M&A with regional players and the customization of their existing products to cater to changing consumer requirements. Thermo Fischer Scientific, Siemens, Neogen Corporation, Xiamen Boson Biotech, and Beckman Coulter are the key players in the Brazil drug of abuse testing market.

The major market players are focused on market strategies such as new product launch. Infinium Global Research’s recent report on the Brazil drug of abuse testing market is an encompassment of such recent developments in the global marketplace. The report delivers insights into the leading players that have contributed greatly to the growth of the market and also estimates the impact of product innovations, similar to that of the aforementioned product on the global market.