By 2022, the global Cotinine Screening Devices Market size is expected to reach US$ 450.3 million. The market is expected to develop at a cumulative CAGR of 4.7% through 2032, with sales totaling US$ 645 million.
The global Cotinine Screening Devices Market is likely to increase significantly over the forecast period, owing to a variety of reasons such as a growing emphasis on ‘value-driven’ healthcare services and high demand for effective screening techniques, according to the report’s findings.
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Developing Markets to Reflect New Growth Possibilities
In terms of value, North America and Europe are projected to have a sizable market share. From 2022 to 2032, developing markets are expected to have lucrative growth in the worldwide cotinine screening equipment market. The exponential rise in workplace screening is one of the key forces developing new business avenues for manufacturers of cotinine screening equipment. The economic and technological parity of developing and developed regions is another important factor projected to generate constant sales revenue for cotinine screening equipment market competitors.
Furthermore, greater awareness and use of smoking cessation products is increasing the attractiveness of developing countries such as China, India, and Brazil. Increased smoking prevalence, screening employees for illicit drugs, athletic events, and establishing health plan premiums are all likely to drive up sales of cotinine screening equipment in emerging markets.
The expanding middle-class population, as well as the numerous compliances required for military recruiting, are predicted to broaden the potential applications for cotinine screening devices in 2022 and beyond. Contract manufacturing services available in developing markets, along with a cheap labour force, are expected to boost developing countries’ investment and attractiveness quotients, transforming them into nothing less than economic hotspots.
End Users to Show Marked Preferences for Cassettes
Cassettes are predicted to occupy significant value shares of the worldwide cotinine screening devices market by device type. This is mostly due to the low cost, convenience of screening, quick detection, and mobility of these tiny cotinine screening equipment. The study highlights the key companies in the cotinine screening devices market, whose success is based on their diverse portfolios and geographical presence.
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The global cotinine screening devices market is significantly consolidated with a chunk of players commanding prominent shares of the market. These players are offering cotinine screening devices under their popular brands such as Accutest®, ALERE ISCREEN®, Reditest®, QuickProfile™, NicCheck™ I, DrugCheck® SalivaScan™, TobacAlert®, among others. Mergers and acquisitions will remain one of the key part of the growth & expansion strategies of cotinine screening devices market players, with an extensive emphasis on creating newer business models as well as distribution channels.
Cotinine Screening Devices Market, By Category
Device Type:
- Cassettes
- Strips
- Reader
By Sample Type:
- Blood Sample
- Urine Sample
- Saliva Sample
By End-User:
- Hospitals
- Laboratories
- Clinics
- Workplace Screening Centers
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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