Market Overview:
The global specimen validity test (SVT) reagents market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of drug abuse and the growing demand for accurate and reliable diagnostic tests. SVT reagents are used for on-site and laboratory-based screening of specimens for drugs of abuse, such as cocaine, amphetamines, opiates, cannabis, benzodiazepines, barbiturates etc. They are also used in medical applications such as toxicology testing and patient care; research applications such as pharmacokinetic studies; and other applications including workplace drug testing and forensics. Regionally, North America dominates the global SVT reagents market followed by Europe due to the high prevalence of drug abuse in these regions.
 Reagents Industry Outlook.svg)
Product Definition:
Specimen Validity Test (SVT) Reagents are used to detect the presence of drugs in a specimen. The purpose of using SVT Reagents is to ensure that the specimen tested is not adulterated and contains only the drug or drugs for which it was submitted.
On-Site Screening:
On-site screening, also known as in-house testing or laboratory testing is a method of ensuring that the specimen being tested is not contaminated. It helps to maintain the integrity of test results by protecting them from external influence. This technique reduces errors and provides better assurance that tests are performed accurately and efficiently.
Laboratory-based Screening:
Laboratory-based screening is a method used to validate the quality of blood, urine, and CSF specimens. It also helps in detecting diseases or conditions that are not visible using conventional methods. This method is majorly used for validating the safety and efficacy of new drug candidates before finalizing their clinical trials. Laboratory-based screening tests are categorized into two types: noninvasive and invasive procedures.
Application Insights:
Medical application dominated the global specimen validity test (SVT) reagents market in 2017, accounting for over 60% of the revenue share. The medical segment is expected to maintain its dominance over the forecast period owing to a rise in prevalence of chronic diseases such as cancer and diabetes. Moreover, an increase in number of diagnostic laboratories has fueled demand for SVT solutions across various applications such as drug discovery & development, preclinical toxicity testing and clinical trials.
The research segment accounted for significant revenue share in 2017 due to rising government funding initiatives aimed at supporting basic science research studies. For instance, National Cancer Institute (NCI) provides substantial funding opportunities every year under R01-Clinical Trial Research Grants Program through its website nci-repository.org that encourages researchers from universities/ colleges and hospitals to apply for research funds worth more than USD 300 thousand each annually.
Regional Analysis:
North America dominated the global specimen validity test (SVT) reagents market in 2017. This is due to the presence of well-established healthcare infrastructure, high patient awareness levels coupled with relatively higher spending capacity of patients in this region. Moreover, increasing government initiatives and regulations for pre-employment screening are also expected to drive growth over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to rising disposable income and growing target population base especially in countries such as China & India. In addition, a large number of pharmaceutical companies are focusing on geographical expansion strategies by choosing low cost labor markets which provide greater opportunities for revenue generation thereby driving regional growth over the next eight years (2018 - 2030). However, stringent regulatory guidelines pertaining health & safety at work places may act as a restraint factor for market development during the same period.
Major players operating in this industry include Biocept Inc.
Growth Factors:
- Increasing demand for accurate and reliable diagnostic results: The global SVT reagents market is expected to grow at a CAGR of 7.5% from 2016 to 2021, owing to the increasing demand for accurate and reliable diagnostic results. This is mainly due to the rising incidence of lifestyle diseases such as diabetes, cancer, and heart diseases.
- Technological advancements in SVT reagents: The development of novel technologies such as monoclonal antibodies (MAbs) has led to the introduction of advanced SVT reagents products in the market. This is expected to boost the growth of the global SVT reagents market during the forecast period.
- Growing awareness about laboratory diagnostics: There is a growing awareness among people about laboratory diagnostics across all regions worldwide, which is driving them towards using better-quality diagnostic tests for early disease detection and treatment decisions. This is propellingthe growth ofthe global SVTreagentsmarketduring thereportperiod .
Scope Of The Report
Report Attributes
Report Details
Report Title
Specimen Validity Test (SVT) Reagents Market Research Report
By Type
On-Site Screening, Laboratory-based Screening
By Application
Medical, Research, Others
By Companies
Sciteck, Inc., Thermo Fischer Scientific, American Screening Corporation, Inc., American Bio Medica Corporation, Geisinger Health System, HireRight, LLC, LabCorp (Laboratory Corporation of America), Mayo Medical Laboratories, Options Lab, Inc., Quest Diagnostics, Inc., Sciteck, Inc., SciTest Laboratories, Inc.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
162
Number of Tables & Figures
114
Customization Available
Yes, the report can be customized as per your need.
Global Specimen Validity Test (SVT) Reagents Market Report Segments:
The global Specimen Validity Test (SVT) Reagents market is segmented on the basis of:
Types
On-Site Screening, Laboratory-based Screening
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Medical, Research, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Sciteck, Inc.
- Thermo Fischer Scientific
- American Screening Corporation, Inc.
- American Bio Medica Corporation
- Geisinger Health System
- HireRight, LLC
- LabCorp (Laboratory Corporation of America)
- Mayo Medical Laboratories
- Options Lab, Inc.
- Quest Diagnostics, Inc.
- Sciteck, Inc.
- SciTest Laboratories, Inc.
 Reagents Market Overview.svg)
Highlights of The Specimen Validity Test (SVT) Reagents Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- On-Site Screening
- Laboratory-based Screening
- By Application:
- Medical
- Research
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Specimen Validity Test (SVT) Reagents Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
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- Product & Brand Management
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 Reagents Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Specimen validity test (SVT) reagents are used to determine the accuracy of a specimen's results.
Some of the major companies in the specimen validity test (svt) reagents market are Sciteck, Inc., Thermo Fischer Scientific, American Screening Corporation, Inc., American Bio Medica Corporation, Geisinger Health System, HireRight, LLC, LabCorp (Laboratory Corporation of America), Mayo Medical Laboratories, Options Lab, Inc., Quest Diagnostics, Inc., Sciteck, Inc., SciTest Laboratories, Inc..
The specimen validity test (svt) reagents market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Specimen Validity Test (SVT) Reagents Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Specimen Validity Test (SVT) Reagents Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Specimen Validity Test (SVT) Reagents Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Specimen Validity Test (SVT) Reagents Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Specimen Validity Test (SVT) Reagents Market Size & Forecast, 2018-2028
4.5.1 Specimen Validity Test (SVT) Reagents Market Size and Y-o-Y Growth
4.5.2 Specimen Validity Test (SVT) Reagents Market Absolute $ Opportunity
Chapter 5 Global Specimen Validity Test (SVT) Reagents Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Specimen Validity Test (SVT) Reagents Market Size Forecast by Type
5.2.1 On-Site Screening
5.2.2 Laboratory-based Screening
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Specimen Validity Test (SVT) Reagents Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Specimen Validity Test (SVT) Reagents Market Size Forecast by Applications
6.2.1 Medical
6.2.2 Research
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Specimen Validity Test (SVT) Reagents Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Specimen Validity Test (SVT) Reagents Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Specimen Validity Test (SVT) Reagents Analysis and Forecast
9.1 Introduction
9.2 North America Specimen Validity Test (SVT) Reagents Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Specimen Validity Test (SVT) Reagents Market Size Forecast by Type
9.6.1 On-Site Screening
9.6.2 Laboratory-based Screening
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Specimen Validity Test (SVT) Reagents Market Size Forecast by Applications
9.10.1 Medical
9.10.2 Research
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Specimen Validity Test (SVT) Reagents Analysis and Forecast
10.1 Introduction
10.2 Europe Specimen Validity Test (SVT) Reagents Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Specimen Validity Test (SVT) Reagents Market Size Forecast by Type
10.6.1 On-Site Screening
10.6.2 Laboratory-based Screening
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Specimen Validity Test (SVT) Reagents Market Size Forecast by Applications
10.10.1 Medical
10.10.2 Research
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Specimen Validity Test (SVT) Reagents Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Specimen Validity Test (SVT) Reagents Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Specimen Validity Test (SVT) Reagents Market Size Forecast by Type
11.6.1 On-Site Screening
11.6.2 Laboratory-based Screening
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Specimen Validity Test (SVT) Reagents Market Size Forecast by Applications
11.10.1 Medical
11.10.2 Research
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Specimen Validity Test (SVT) Reagents Analysis and Forecast
12.1 Introduction
12.2 Latin America Specimen Validity Test (SVT) Reagents Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Specimen Validity Test (SVT) Reagents Market Size Forecast by Type
12.6.1 On-Site Screening
12.6.2 Laboratory-based Screening
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Specimen Validity Test (SVT) Reagents Market Size Forecast by Applications
12.10.1 Medical
12.10.2 Research
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Specimen Validity Test (SVT) Reagents Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Specimen Validity Test (SVT) Reagents Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Specimen Validity Test (SVT) Reagents Market Size Forecast by Type
13.6.1 On-Site Screening
13.6.2 Laboratory-based Screening
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Specimen Validity Test (SVT) Reagents Market Size Forecast by Applications
13.10.1 Medical
13.10.2 Research
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Specimen Validity Test (SVT) Reagents Market: Competitive Dashboard
14.2 Global Specimen Validity Test (SVT) Reagents Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sciteck, Inc.
14.3.2 Thermo Fischer Scientific
14.3.3 American Screening Corporation, Inc.
14.3.4 American Bio Medica Corporation
14.3.5 Geisinger Health System
14.3.6 HireRight, LLC
14.3.7 LabCorp (Laboratory Corporation of America)
14.3.8 Mayo Medical Laboratories
14.3.9 Options Lab, Inc.
14.3.10 Quest Diagnostics, Inc.
14.3.11 Sciteck, Inc.
14.3.12 SciTest Laboratories, Inc.
