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Specimen Validity Test (SVT) Reagents Market By Location Type (On-Site Screening, Laboratory-based Screening) - Growth, Future Prospects, and Competitive Analysis, 2017 - 2025

Specimen validity testing (SVT) primarily involves the evaluation of a urine sample for the detection of adulterants or dilution in a drug testing specimen. An increase in the number of drug abusers and stringent regulatory guidelines enforced by regulatory agencies in developed countries such as the United States are two prime factors driving the growth of the SVT reagent market. North America alone accounts for more than 65% of the total market share.

The report titled "Specimen Validity Test (SVT) Reagents Market: Growth, Future Prospects, and Competitive Analysis, 2017–2025" offers strategic insights into the overall SVT reagents market, along with the market size and estimates for the duration of 2015–2025. The research study covers an in-depth analysis of market segments based on location type (laboratory-based screening and onsite screening) and different geographical regions.

Geographically, the global SVT reagents market is studied for the following regional markets:

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of LATAM
  • Middle East and Africa
    • GCC
    • the remainder of MEA

The market size and forecast for these regional and country-level markets are presented in this study for the period 2015–2025. Market growth rates for the forecast period 2017–2025 are also included in this report, considering 2016 as the base year.

Along with quantitative information, qualitative information sets and assessment tools are provided in this study for a better analysis of the overall market scenario and future prospects. Information such as market inclination insights and drivers, challenges, and opportunities assists the readers in understanding the ongoing trends in the global SVT reagents market. Tools such as key player market positioning and appealing investment propositions provide readers with insights into the competitive scenario of the global SVT reagents market. This report concludes with a company profiles section that highlights major information about the key players engaged in the global SVT reagents market. In-depth competitive environment analysis and historical year (2015) market size data are also provided in the report.

Thus, the research study provides a holistic view of the global SVT reagents market, offering market size and estimates for the period from 2015 to 2025, keeping in mind the above-mentioned factors.

Based on location type, the global market for specimen validity test (SVT) reagents is segmented as follows:

  • Onsite Screening
  • Laboratory-based Screening

Specimen validity tests primarily involve the evaluation of creatinine, nitrite, glutaraldehyde, pH, specific gravity, and oxidants/pyridinium chlorochromate (PCC) in a urine sample. Easy availability of adulterants, an increase in the number of drug abusers, and stringent regulatory guidelines enforced by regulatory agencies in developed countries such as the United States are prime factors driving the growth of the specimen validity test reagent market globally. For the purpose of the study, the SVT reagents market is segmented on the basis of location types, such as onsite screening and laboratory-based screening. It is observed that, currently, laboratory-based screening is a major revenue-generating segment due to the increase in the number of laboratories and the lack of proper guidelines to regulate the accuracy and integrity of the laboratories. However, the growing number of onsite screenings is expected to show significant market growth during the forecast period due to the increasing adoption of stricter regulatory guidelines for drug testing at the workplace.

For the purpose of this study, the specimen validity test (SVT) reagents market is categorized into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America (LATAM)
  • Middle East and Africa (MEA)

It is observed that in the base year 2016, North America was the largest revenue contributor in the global specimen validity test (SVT) reagents market, contributing more than 65 percent of the total market share. Stringent guidelines have been structured by the government to overcome adulteration of the drug testing specimen, which is a prime contributor to the SVT reagent market in North America. The presence of numerous industries, as well as the increasing prevalence of pre-employment and random drug testing at workplaces, are assisting the SVT reagents market in North America. However, Asia Pacific is expected to show lucrative growth during the forecast period due to the increasing partnership of key manufacturers with local manufacturers in emerging countries such as China and India. Developing healthcare infrastructure, increasing adoption of stringent regulatory guidelines for drug screening, and a rising number of drug abusers would assist the SVT reagent market's growth in Asia-Pacific.

Frequently Asked Questions:

The market for Specimen Validity Test (SVT) Reagents is expected to reach US$ 1,341.9 Mn in 2025.

The Specimen Validity Test (SVT) Reagents market is expected to see significant CAGR growth over the coming years,at 5.4%.

The report is forecasted from 2017-2025.

The base year of this report is 2016.

Specimen Validity Test Reagent Provider,Specimen Validity Test Service Providers,Geisinger Health System,HireRight, LLC,LabCorp (Laboratory Corporation of America) are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Oct 2017
Category:  Biotechnology
Report ID:   58748
Report Format:   PDF
Pages:   120
Rating:    4.8 (80)
Delivery Time: 24 Hours to 48 Hours   
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