Cotinine Testing Devices Market Reaches Valuation

DUBAI, United Arab Emirates, 01 Feb. 2022 (GLOBE NEWSWIRE) — The world Cotinine Testing Devices Market value of recorded sales US$429.9 million in 2021. The market is expected to expand at a cumulative CAGR of 4.7% and will grow 1.4X by the end of 2029, where sales are expected to be worth US$621.4 million.

According to a new market research report from Future Market Insights, the global cotinine testing devices market was valued at around US$429.9 million in 2021 and is expected to grow at a CAGR of around 4.7% during the forecast period 2022-2029. The report examines the Cotinine Testing Devices market and provides key insights for the forecast period 2022-2029.

According to the findings of the report, the global cotinine testing devices market is expected to witness significant growth over the forecast period, which will be triggered by a multitude of factors such as the increasing emphasis on “ value” and strong demand for effective screening techniques.

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Data points Market overview
Market value 2022 US$450.3 million
Market value 2029 US$621.4 million
CAGR 2022-2029 4.7%
Share of top 5 countries 71.9%
Key players Major players in the Cotinine Testing Devices Market are Abbott Laboratories, AlcoPro, Jant Pharmacal Corporation, Sinocare Inc., Mossman Associates, Nano-Ditech Corp, LifeSign LLC, ALFA Scientific, Ameritek USA., Hangzhou Clongene Biotech Co. and Germaine Laboratories. , Inc.

Develop markets to reflect new growth opportunities

Regions such as North America and Europe are expected to hold a major market share in terms of value. However, developing markets are expected to anticipate lucrative growth in the Global Cotinine Testing Devices Market over the forecast period 2022-2029. The exponential increase in workplace testing is one of the key drivers that is opening up new growth avenues for manufacturers of cotinine testing devices that they can take advantage of. Economic and technological parity of developing regions with developed regions is another major factor estimated to generate stable sales revenue for Cotinine Testing Devices market players.

Additionally, the increasing level of awareness and adoption of useful products in smoking cessation programs further enhances the lucrativeness of developing markets such as China, India, and Brazil. Factors such as rising prevalence of smoking, employee illicit drug testing, sporting events, and health plan premium decision are expected to boost sales of cotinine testing devices in developing countries.

The burgeoning middle class population along with the multiple compliances created for recruitment into the armed forces are expected to increase the potential use cases of cotinine testing devices in 2022 and beyond. Contract manufacturing services available in developing markets, coupled with cheap labor, are expected to boost the investment quotient and attractiveness of developing countries, making them hotbeds of opportunity of growth.

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Report scope

Attributes Details
Forecast period 2022-2029
Historical data available for 2014-2021
Market analysis Million USD for value
Main countries covered United States, Canada, Germany, United Kingdom, France, Italy, Spain, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia, New Zealand, GCC Countries, Turkey, South Africa South.
Key Segments Covered Device type, sample type, end user and region
Profiled Key Companies • Abbott Laboratories
• AlcoPro inc.
• Jant Pharmaceutical Corporation
• Sinocare Inc.,(PTS Diagnostics)
• Mossman Associates
• Nano-Ditech Corp.
• LifeSign LLC
• ALFA Scientific
• Ameritek United States.
• Hangzhou Clogene Biotech Co.
• Germaine Laboratories, Inc.
Report cover Market forecasts, competitive intelligence, DROT analysis, market dynamics and challenges, strategic growth initiatives

End users should view marked preferences for cassettes

By device type, cassettes are expected to hold significant value shares of the global cotinine screening devices market. This is primarily a result of the cost effectiveness, ease of screening, rapid detection and portability of these compact cotinine screening devices. The report profiles the leading Cotinine Testing Devices market players whose success is driven by their strong portfolios and regional presence.

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The global cotinine testing devices market is significantly consolidated with a group of players holding major market shares. These players offer 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 elements in the growth and expansion strategies of players in the cotinine testing devices market, with a focus on building new business models as well as distribution channels .

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About Future Market Insights (IMF)
Future Market Insights (FMI) is a leading provider of market information and advisory services, serving clients in over 150 countries. FMI is headquartered in Dubai and has delivery centers in the UK, USA and India. FMI’s latest market research reports and industry analysis help businesses meet challenges and make critical decisions with confidence and clarity amidst fierce competition. Our custom and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of analysts led by FMI experts continuously monitor emerging trends and events across a wide range of industries to ensure our clients are prepared for the changing needs of their consumers.


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