According to the latest market report published by Credence Research, Inc. “Specimen Validity Test (SVT) Reagents Market – Growth, Future Prospects and Competitive Analysis, 2017 – 2025” 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.
The Specimen Validity Test (SVT) Reagents Market Research Report Forecast 2017-2025 is an important source of insightful data for market strategists. It presents the Specimen Validity Test (SVT) Reagents industry overview with growth analysis and past & futuristic cost, income, demand and supply data (as relevant). The research analysts present a detailed representation of the value chain and its distributor analysis. This Specimen Validity Test (SVT) Reagents Market study gives complete data which improves the understanding. [Continue reading…]
Specimen validity test (SVT) is generally performed on the urine sample for the screening of drugs and its metabolite in order to detect, adulteration or dilution of urine specimen. 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.
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The qualitative study of drivers and limitations of Specimen Validity Test (SVT) Reagents Market
Key players in the global Specimen Validity Test (SVT) Reagents Market Include American Screening Corporation, Inc., American Bio Medica Corporation, Geisinger Health System, HireRight, LLC, LabCorp, Mayo Medical Laboratories, Options Lab, Inc., Quest Diagnostics, Inc., Redwood Toxicology Laboratory, SciTest Laboratories, Inc. and Other.
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Credence Research has conducted in depth secondary research to arrive at key insights. Data collected from key public industry sources and publications have been scanned and analyzed impartially to present a clear picture of the industry. All recent developments which impact the sector dynamics have been captured and used to support the research hypothesis.
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