Counterfeit Drug Detection Devices Market Projected to Undergo Fast-paced Growth Owing to Widespread Disdain Against Illicit Drugs The popularity of counterfeit drug detection devices is expected to undergo rapid amplification in the years to follow. The primary cause behind this projection is the mass use of counterfeit drug detection and devices to inhibit trafficking of illicit drugs. The market is developing a loyal customer base owing to the premium range of services and innumerable beneficial attributes linked with the application of counterfeit drug detection devices. The latter provide uncomplicated, precise, and efficient testing systems that are used across manufacturing facilities and at pharmacies. Moreover, developing countries are establishing discrete drug approval regulations. These regulations are meant to support rapid drug launches that are aimed at meeting the demands of the healthcare industry. These developments are expected to push market growth, as requirement for special sterility testing procedures for pills of all classes becomes a norm. Fairfield Market Research estimates a sturdy growth rate at an advantageous CAGR of 5.9% for the global counterfeit drug detection devices market, accumulating a net revenue of over US$1.3 Bn between 2021 and 2026. Government-initiated regulations and penalties on the possession and use of illicit drugs is a key factor for market growth. For More Information: https://www.fairfieldmarketresearch.com/report/counterfeitdrug-detection-devices-market
Handheld Drug Detection Devices Attract a Large Consumer Base The market is segmented on the basis of modality, region, technology, and application. Improved healthcare infrastructure and widespread awareness about illicit drugs across nations is expected to stimulate holistic market growth. Handheld drug detection devices are projected to be the global category dominators throughout the forecast period. These devices have various properties that bear reason for their popularity. These include a long battery life, accessible components, flexible user interface, and an ergonomic design. The portability, accessibility, reliability, and extended battery life of these devices is expected to transform detection procedures. Moreover, officials of the government need to swiftly recognize suspected narcotics in the field. This is the only way to discourage drug dealers. These factors are playing a crucial part in the growth of the handheld devices segment of the counterfeit drug detection devices market.
North America Maintains a Strong Dominance Over Other Regional Segments of Counterfeit Drug Detection Devices Market