Global Drug of Abuse Testing Market (By Product Type, Sample / Test Type, Drug Type, End Users / Setting Type, Region), Regulatory Status, Recent Developments, Company Profiles - Forecast to 2030
The global drug of abuse testing market is predicted to exceed US$ 8.0 Billion by 2030. The use of illicit drugs is increasing across the globe. According to the UN Office on Drugs and Crime (UNODC) World Drug Report 2023, about 5.8 percent of the population aged between 15 and 64 years have used drugs at least once in the past year, while 39.5 million people worldwide were suffering from drug use disorders. Opioids account for 69% of deaths due to drug use disorders.
Drug of abuse testing is important in order to offer with appropriate medical treatment to the person or to screen or monitor for the use of illegal drugs. Drug of abuse testing involves detection of one or more illegal and/or prescribed substances in the urine, blood, saliva, hair, or sweat.
The drug of abuse testing market is mainly driven by strict government norms against illicit drug intake due to the rising instances of drug abuse globally. Moreover, variety of employment-related drug and alcohol tests used by employers, to make workplace safer and more productive is also a key component of market growth. Fingerprint-based drug testing is a new concept that has gained popularity in recent years. This is the foremost opportunity for the key market players to capitalize on in the global drug screening market. On the other hand, legalization of drugs and lack of skilled technicians for drug of abuse testing are the factors restricting the growth of the market.
Recent Developments
• In August 2022, the Delaware Division of Public Health began including fentanyl strips in Narcan kits for distribution to the public. The effort was a part of a harm-reduction strategy aimed at preventing accidental overdoses due to fentanyl consumption.
• In February 2022, Cannabix Technologies Inc., a maker of marijuana breathalyzers for use by law enforcement and in the workplace, announced that the prototype and portable version 4.0 THC Breath Analyzer (‘THCBA’) system are ready for field use.
By Product Type: Global Drug of Abuse Testing Market – Key Takeaways
• Based on product type, the drug of abuse testing market has been segmented into consumables and equipment market.
• Consumables is the largest segment of the drug of abuse testing market, since consumable are easily available for use and provide rapid test results when compared to equipment.
• The equipment used in drug of abuse testing market include immunoassay analyzers, chromatography instruments and breath analyzers. Amongst these equipment, immunoassay analyzers held the largest market share in 2022.
• Breath analyzers market size is projected to grow at the fastest rate over the forecast period.
By Sample / Test Type: Global Drug of Abuse Testing Market – Key Takeaways
• The urine sample type segment accounted for major share of the global drug of abuse testing market in 2022, followed by blood segment.
• Oral fluid sample type segment accounted for third highest share of the global drug of abuse testing market in 2022.
• Hair as a specimen is becoming a more effective way for testing long term drug use. Hair and Sweat sample type segments are competing very closely with each other to grab maximum share of the pie.
By Drug Type: Global Drug of Abuse Testing Market – Key Takeaways
• The cannabis/marijuana segment dominated the global drug of abuse testing market, backed by growth in the production and consumption of marijuana across the globe. There are currently over 219 million cannabis users worldwide.
• The opioids segment accounted for second largest share in 2022, and is gaining traction due to its growing consumption among the population. Opioid use disorders affect over 16 million people worldwide.
By End Users / Setting Type: Global Drug of Abuse Testing Market – Key Takeaways
• By end users, the largest drug testing is done at the employment setting, followed by the criminal justice system setting. Together these segments accounted for over 56% share of the global drug of abuse testing market in 2022.
• The global drug of abuse lab-based testing market is predicted to nearly double by 2030.
• Drug of abuse Professional POC tests help in reducing the time between diagnosis and treatment of a disease. Home OTC drugs of abuse testing held least share of the total market.
By Region: Global Drug of Abuse Testing Market – Key Takeaways
• Geographically, North America dominates the global drug of abuse testing market and is expected to lead the market over the forecast period.
• Europe holds second highest share of the global drug of abuse testing market. In Europe, some of the fastest growing markets for drug of abuse testing and technologies are the United Kingdom, Germany and France.
• Asia Pacific is projected to grow at the highest rate over the forecast period owing to increasing drug addiction in the region. The emerging economies like China and India offer good opportunities for drug testing equipment market in Asia Pacific region.
Market IntelliX report titled “Global Drug of Abuse Testing Market (By Product Type, Sample / Test Type, Drug Type, End Users / Setting Type, Region), Regulatory Status, Recent Developments, Company Profiles - Forecast to 2030” provides a comprehensive assessment of the fast-evolving high growth drug of abuse testing market.
This 184 Page report with 70 Figures and 9 Tables has been studied from 11 View Points:
1. Global - Drug of Abuse Testing Market & Forecast (2015 - 2030)
2. Global - Drug of Abuse Testing Market Share & Forecast (2015 - 2030)
3. By Product Type - Global Drug of Abuse Testing Market & Forecast (2015 - 2030)
4. By Sample/Test Type - Global Drug of Abuse Testing Market & Forecast (2015 - 2030)
5. By Drug Type - Global Drug of Abuse Testing Market & Forecast (2015 - 2030)
6. By End Users / Setting Type - Drug of Abuse Testing Market & Forecast (2015 - 2030)
7. By Region - Global Drug of Abuse Testing Market & Forecast (2015 - 2030)
8. Regulatory Status
9. Global Drug of Abuse Testing Market - Recent Developments
10. Global Drug of Abuse Testing Market - Driving Factors & Challenges
11. Company Profiles
By Product Type - Global Drug of Abuse Testing Market
1. Consumables Market
• Rapid Test Kits
• Assay Kits & Reagents
• Others
2. Equipment Market
• Immunoassay Analyzer
• Chromatography Instrument
• Breath Analyzer
By Sample/Test Type - Global Drug of Abuse Testing Market
• Urine
• Blood
• Oral Fluids
• Hair
• Sweat
• Others
By Drug Type - Global Drug of Abuse Testing Market
• Cannabis/Marijuana
• Opioids
• Cocaine
• Alcohol
• LSD
• Amphetamine & Methamphetamine
• Others
By End Users / Setting Type - Global Drug of Abuse Testing Market
• Employment Testing
• Lab based
• Professional POC
• Home OTC
• Criminal Justice
By Region - Drug of Abuse Testing Market
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Central & South America
Global Drug of Abuse Testing Market - Regulatory Status
Workplace Drug Testing
• United States
• Australia
• New Zealand
• Brazil
• Turkey
• Europe
Global Drug of Abuse Testing Market - Company Profiles
1. Thermo Fisher Scientific Inc.
2. F. Hoffmann-La Roche Ltd
3. Abbott Laboratories Inc
4. Quest Diagnostics
5. Siemens AG
6. Laboratory Corporation of America (LabCorp)
7. Danaher Corporation
8. United States Drug Testing Laboratories, Inc. (USDTL)
9. Alere (Now Abbott)
10. Agilent Technologies, Inc.
11. LGC Limited
12. Randox Testing Services
13. Sonic Healthcare
14. Bio-Rad Laboratories, Inc
15. Psychemedics Corporation
16. Drägerwerk AG & Co. KGaA
17. Express Diagnostics Int'l, Inc (Acquired by CareHealth America Corporation)
18. OraSure Technologies Inc
19. Alfa Scientific Designs, Inc
20. Biophor Diagnostics, Inc
21. Cordant Health Solutions
22. DrugScan
23. Precision Diagnostics
Data Sources
Market IntelliX employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. This report is built by using data and information sourced from Proprietary Information Database, Primary and Secondary Research Methodologies, and In house analysis by Market IntelliX dedicated team of qualified professionals with deep industry experience and expertise.
Research Methodologies
Primary Research Methodologies: Questionnaires, Surveys, Interviews with Individuals, Small Groups, Telephonic Interview, etc.
Secondary Research Methodologies: Printable and Non-printable sources, Newspaper, Magazine and Journal Content, Government and NGO Statistics, white Papers, Information on the Web, Information from Agencies Such as Industry Bodies, Companies Annual Report, Government Agencies, Libraries and Local Councils and a large number of Paid Databases.
1. Executive Summary
2. Global - Drug of Abuse Testing Market & Forecast (2015 - 2030)
3. Global - Drug of Abuse Testing Market Share & Forecast (2015 - 2030)
3.1 By Product Type - Global Drug of Abuse Testing Market Share & Forecast
3.1.1 By Segment - Global Drug of Abuse Testing Consumables Market Share & Forecast
3.1.2 By Segment - Global Drug of Abuse Testing Equipment Market Share & Forecast
3.2 By Sample/Test Type - Global Drug of Abuse Testing Market Share & Forecast
3.3 By Drug Type - Global Drug of Abuse Testing Market Share & Forecast
3.4 By End Users / Setting Type - Global Drug of Abuse Testing Market Share & Forecast
3.5 By Region - Global Drug of Abuse Testing Market Share & Forecast
4. By Product Type - Global Drug of Abuse Testing Market & Forecast (2015 - 2030)
4.1 Drug of Abuse Testing Consumables Market & Forecast
4.1.1 Rapid Test Kits Market & Forecast
4.1.2 Assay Kits & Reagents Market & Forecast
4.1.3 Others Market & Forecast
4.2 Drug of Abuse Testing Equipment Market & Forecast
4.2.1 Immunoassay Analyzer Market & Forecast
4.2.2 Chromatography Instrument Market & Forecast
4.2.3 Breath Analyzer Market & Forecast
5. By Sample/Test Type - Global Drug of Abuse Testing Market & Forecast (2015 - 2030)
5.1 Global - Drug of Abuse Urine Testing Market & Forecast
5.2 Global - Drug of Abuse Blood Testing Market & Forecast
5.3 Global - Drug of Abuse Oral Fluids Testing Market & Forecast
5.4 Global - Drug of Abuse Hair Testing Market & Forecast
5.5 Global - Drug of Abuse Sweat Testing Market & Forecast
5.6 Global - Drug of Abuse Others Testing Market & Forecast
6. By Drug Type - Global Drug of Abuse Testing Market & Forecast (2015 - 2030)
6.1 Global Drug of Abuse Testing - Cannabis/Marijuana Market and Forecast
6.2 Global Drug of Abuse Testing - Opioids Market and Forecast
6.3 Global Drug of Abuse Testing - Cocaine Market and Forecast
6.4 Global Drug of Abuse Testing - Alcohol Market and Forecast
6.5 Global Drug of Abuse Testing - LSD Market and Forecast
6.6 Global Drug of Abuse Testing - Amphetamine & Methamphetamine Market and Forecast
6.7 Global Drug of Abuse Testing - Others Market and Forecast
7. By End Users / Setting Type - Global Drug of Abuse Testing Market & Forecast (2015 - 2030)
7.1 Global - Drug of Abuse Employment Testing Market & Forecast
7.2 Global - Drug of Abuse Lab Based Testing Market & Forecast
7.3 Global - Drug of Abuse Professional POC Testing Market & Forecast
7.4 Global - Drug of Abuse Home OTC Testing Market & Forecast
7.5 Global - Drug of Abuse Criminal Justice Testing Market & Forecast
8. By Region - Global Drug of Abuse Testing Market & Forecast (2015 - 2030)
8.1 North America - Drug of Abuse Testing Market & Forecast
8.2 Europe - Drug of Abuse Testing Market & Forecast
8.3 Asia Pacific - Drug of Abuse Testing Market & Forecast
8.4 Middle East & Africa - Drug of Abuse Testing Market & Forecast
8.5 Central & South America - Drug of Abuse Testing Market & Forecast
9. Regulatory Status
9.1 Workplace Drug Testing
9.1.1 United States
9.1.2 Australia
9.1.3 New Zealand
9.1.4 Brazil
9.1.5 Turkey
9.1.6 Europe
10. Global Drug of Abuse Testing Market - Recent Developments
11. Global Drug of Abuse Testing Market - Driving Factors
11.1 Technological Advancements in Testing Equipment
11.2 Increasing Use of Drug Testing at Organizational Level
11.3 A Large Population Base Suffering from Drug Use Disorders
11.4 Increased Production and Trafficking of Illegal Drugs
11.5 Increasing Interest of Companies in Drug of Abuse Testing Market
11.6 Growing Drug Related Mortality and Increasing Government & Non-Government Institutions Initiatives
12. Global Drug of Abuse Testing Market - Challenges
12.1 Lack of Skilled Technicians
12.2 Legalization of Drugs
12.3 Lack Of Clear Rules for Workplace Drug Abuse Testing
13. Company Profiles
13.1 Thermo Fisher Scientific Inc.
13.2 F. Hoffmann-La Roche Ltd
13.3 Abbott Laboratories Inc
13.4 Quest Diagnostics
13.5 Siemens Healthineers
13.6 Laboratory Corporation of America (LabCorp)
13.7 Danaher Corporation
13.7.1 Beckman Coulter (Acquired by Danaher Corporation)
13.8 United States Drug Testing Laboratories, Inc. (USDTL)
13.9 Alere (Now Abbott)
13.10 Agilent Technologies, Inc.
13.11 LGC Limited
13.11.1 Eurofins Acquired the Forensics and Security Division of LGC Ltd.
13.12 Randox Testing Services
13.13 Sonic Healthcare
13.13.1 Sonic HealthPlus
13.14 Bio-Rad Laboratories, Inc.
13.15 Psychemedics Corporation
13.16 Drägerwerk AG & Co. KGaA
13.17 Express Diagnostics Int'l, Inc. (Acquired by CareHealth America Corporation)
13.18 OraSure Technologies Inc.
13.19 Alfa Scientific Designs, Inc.
13.20 Biophor Diagnostics, Inc
13.21 Cordant Health Solutions
13.22 DrugScan
13.23 Precision Diagnostics
List of Tables:
Table 3-1: By Sample/Test Type - Global Drug of Abuse Testing Market Share (Percent), 2015 - 2022
Table 3-2: By Sample/Test Type - Forecast for Global Drug of Abuse Testing Market Share (Percent), 2023 - 2030
Table 3-3: By Drug Type - Global Drug of Abuse Testing Market Share (Percent), 2015 - 2022
Table 3-4: By Drug Type - Forecast for Global Drug of Abuse Testing Market Share (Percent), 2023 - 2030
Table 3-5: By End Users / Setting Type - Global Drug of Abuse Testing Market Share (Percent), 2015 - 2022
Table 3-6: By End Users / Setting Type - Forecast for Global Drug of Abuse Testing Market Share (Percent), 2023 - 2030
Table 3-7: By Region - Global Drug of Abuse Testing Market Share (Percent), 2015 - 2022
Table 3-8: By Region - Forecast for Global Drug of Abuse Testing Market Share (Percent), 2023 - 2030
Table 13-1: Brief Comparison of Drug Testing Options with USDTL
List of Figures:
Figure 2-1: Global - Drug of Abuse Testing Market (Million US$), 2015 - 2022
Figure 2-2: Global - Forecast for Drug of Abuse Testing Market (Million US$), 2023 - 2030
Figure 3-1: By Product Type - Global Drug of Abuse Testing Market Share (Percent), 2015 - 2022
Figure 3-2: By Product Type - Forecast for Global Drug of Abuse Testing Market Share (Percent), 2023 - 2030
Figure 3-3: By Segment - Global Drug of Abuse Testing Consumables Market Share (Percent), 2015 - 2022
Figure 3-4: By Segment - Forecast for Global Drug of Abuse Testing Consumables Market Share (Percent), 2023 - 2030
Figure 3-5: By Segment - Global Drug of Abuse Testing Equipment Market Share (Percent), 2015 - 2022
Figure 3-6: By Segment - Forecast for Global Drug of Abuse Testing Equipment Market Share (Percent), 2023 - 2030
Figure 4-1: Global - Drug of Abuse Testing Consumables Market (Million US$), 2015 - 2022
Figure 4-2: Global - Forecast for Drug of Abuse Testing Consumables Market (Million US$), 2023 - 2030
Figure 4-3: Global - Drug of Abuse Testing Rapid Test Kits Market (Million US$), 2015 - 2022
Figure 4-4: Global - Forecast for Drug of Abuse Testing Rapid Test Kits Market (Million US$), 2023 - 2030
Figure 4-5: Global - Drug of Abuse Testing Assay Kits & Reagents Market (Million US$), 2015 - 2022
Figure 4-6: Global - Forecast for Drug of Abuse Testing Assay Kits & Reagents Market (Million US$), 2023 - 2030
Figure 4-7: Global - Drug of Abuse Testing Others Market (Million US$), 2015 - 2022
Figure 4-8: Global - Forecast for Drug of Abuse Testing Others Market (Million US$), 2023 - 2030
Figure 4-9: Global - Drug of Abuse Testing Equipment Market (Million US$), 2015 - 2022
Figure 4-10: Global - Forecast for Drug of Abuse Testing Equipment Market (Million US$), 2023 - 2030
Figure 4-11: Global - Drug of Abuse Testing Immunoassay Analyzer Market (Million US$), 2015 - 2022
Figure 4-12: Global - Forecast for Drug of Abuse Testing Immunoassay Analyzer Market (Million US$), 2023 - 2030
Figure 4-13: Global - Drug of Abuse Testing Chromatography Instrument Market (Million US$), 2015 - 2022
Figure 4-14: Global - Forecast for Drug of Abuse Testing Chromatography Instrument Market (Million US$), 2023 - 2030
Figure 4-15: Global - Drug of Abuse Testing Breath Analyzer Market (Million US$), 2015 - 2022
Figure 4-16: Global - Forecast for Drug of Abuse Testing Breath Analyzer Market (Million US$), 2023 - 2030
Figure 5-1: Global - Drug of Abuse Urine Testing Market (Million US$), 2015 - 2022
Figure 5-2: Global - Forecast for Drug of Abuse Urine Testing Market (Million US$), 2023 - 2030
Figure 5-3: Global - Forecast for Drug of Abuse Blood Testing Market (Million US$), 2015 - 2022
Figure 5-4: Global - Forecast for Drug of Abuse Blood Testing Market (Million US$), 2023 - 2030
Figure 5-5: Global - Drug of Abuse Oral Fluids Testing Market (Million US$), 2015 - 2022
Figure 5-6: Global - Forecast for Drug of Abuse Oral Fluids Testing Market (Million US$), 2023 - 2030
Figure 5-7: Global - Drug of Abuse Hair Testing Market (Million US$), 2015 - 2022
Figure 5-8: Global - Forecast for Drug of Abuse Hair Testing Market (Million US$), 2023 - 2030
Figure 5-9: Global - Drug of Abuse Sweat Testing Market (Million US$), 2015 - 2022
Figure 5-10: Global - Forecast for Drug of Abuse Sweat Testing Market (Million US$), 2023 - 2030
Figure 5-11: Global - Drug of Abuse Others Testing Market (Million US$), 2015 - 2022
Figure 5-12: Global - Forecast for Drug of Abuse Others Testing Market (Million US$), 2023 - 2030
Figure 6-1: Global Drug of Abuse Testing - Cannabis/Marijuana Market (Million US$), 2015 - 2022
Figure 6-2: Global Drug of Abuse Testing - Forecast for Cannabis/Marijuana Market (Million US$), 2023 - 2030
Figure 6-3: Global Drug of Abuse Testing - Opioids Market (Million US$), 2015 - 2022
Figure 6-4: Global Drug of Abuse Testing - Forecast for Opioids Market (Million US$), 2023 - 2030
Figure 6-5: Global Drug of Abuse Testing - Cocaine Market (Million US$), 2015 - 2022
Figure 6-6: Global Drug of Abuse Testing - Forecast for Cocaine Market (Million US$), 2023 - 2030
Figure 6-7: Global Drug of Abuse Testing - Alcohol Market (Million US$), 2015 - 2022
Figure 6-8: Global Drug of Abuse Testing - Forecast for Alcohol Market (Million US$), 2023 - 2030
Figure 6-9: Global Drug of Abuse Testing - LSD Market (Million US$), 2015 - 2022
Figure 6-10: Global Drug of Abuse Testing - Forecast for LSD Market (Million US$), 2023 - 2030
Figure 6-11: Global Drug of Abuse Testing - Amphetamine & Methamphetamine Market (Million US$), 2015 - 2022
Figure 6-12: Global Drug of Abuse Testing - Forecast for Amphetamine & Methamphetamine Market (Million US$), 2023 - 2030
Figure 6-13: Global Drug of Abuse Testing - Others Market (Million US$), 2015 - 2022
Figure 6-14: Global Drug of Abuse Testing - Forecast for Others Market (Million US$), 2023 - 2030
Figure 7-1: Global - Drug of Abuse Employment Testing Market (Million US$), 2015 - 2022
Figure 7-2: Global - Forecast for Drug of Abuse Employment Testing Market (Million US$), 2023 - 2030
Figure 7-3: Global - Drug of Abuse Lab Based Testing Market (Million US$), 2015 - 2022
Figure 7-4: Global - Forecast for Drug of Abuse Lab Based Testing Market (Million US$), 2023 - 2030
Figure 7-5: Global - Drug of Abuse Professional POC Testing Market (Million US$), 2015 - 2022
Figure 7-6: Global - Forecast for Drug of Abuse Professional POC Testing Market (Million US$), 2023 - 2030
Figure 7-7: Global - Drug of Abuse Home OTC Testing Market (Million US$), 2015 - 2022
Figure 7-8: Global - Forecast for Drug of Abuse Home OTC Testing Market (Million US$), 2023 - 2030
Figure 7-9: Global - Drug of Abuse Criminal Justice Testing Market (Million US$), 2015 - 2022
Figure 7-10: Global - Forecast for Drug of Abuse Criminal Justice Testing Market (Million US$), 2023 - 2030
Figure 8-1: North America - Drug of Abuse Testing Market (Million US$), 2015 - 2022
Figure 8-2: North America - Forecast for Drug of Abuse Testing Market (Million US$), 2023 - 2030
Figure 8-3: Europe - Drug of Abuse Testing Market (Million US$), 2015 - 2022
Figure 8-4: Europe - Forecast for Drug of Abuse Testing Market (Million US$), 2023 - 2030
Figure 8-5: Asia Pacific - Drug of Abuse Testing Market (Million US$), 2015 - 2022
Figure 8-6: Asia Pacific - Forecast for Drug of Abuse Testing Market (Million US$), 2023 - 2030
Figure 8-7: Middle East & Africa - Drug of Abuse Testing Market (Million US$), 2015 - 2022
Figure 8-8: Middle East & Africa - Forecast for Drug of Abuse Testing Market (Million US$), 2023 - 2030
Figure 8-9: Central & South America - Drug of Abuse Testing Market (Million US$), 2015 - 2022
Figure 8-10: Central & South America - Drug of Abuse Testing Market (Million US$), 2023 - 2030
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
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