Global Narcotics Scanner Market Report by Commercial Research Company 2022 – Global Market Size, Trends and Forecast 2022-2026
LONDON, GREATER LONDON, United Kingdom, April 14, 2022 /EINPresswire.com/ — The size of the global narcotics scanner market is expected to grow from $5.69 billion in 2021 to $6.32 billion in 2022 at a compound annual growth rate (CAGR) of 11.0% . The global narcotics scanner market share is then expected to reach $8.62 billion in 2026 with a CAGR of 8.1%.
The steady increase in the number of drug users is contributing significantly to the growth of the narcotics scanner market. The COVID-19 crisis has led to great poverty, unemployment, social pressures and mental health problems, all of which have intensified drug addiction. A narcotics scanner is a security device used to detect drugs and dangerous substances taken by drug addicts. For example, according to the United Nations Office on Drugs and Crime (UNODC) World Drug Report 2021, around 275 million drug users were reported in 2020 and more than 36 million people suffered from disorders. related to drug use around the world. Hence, the steady rise in the number of drug users is expected to drive the growth of the narcotics scanner market in the future.
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Technological advancements are shaping the narcotics scanner market. Major companies operating in the narcotics scanner industry are focusing on developing new technological solutions to strengthen their position. For example, in February 2021, researchers at the Korea Institute of Materials Science developed very fast and reliable wearable sensors using nanomaterial technology to provide on-site drug detection. This optical sensor detects narcotics in sweat and amplifies the optical signal of illegal drugs on a flexible, wearable material.
Major Players Covered in Global Narcotics Scanner Industry are Astrophysics Inc, Bruker Corporation, Thermo Fisher Scientific Inc, KLIPPER Enterprises, NUCTECH Company Ltd, OSI Systems Inc, Smiths Group Plc, Leidos, Viken Detection, Autoclear, Kapri Corp, CDex Inc, TactiScan, DetectaChem and Rapiscan Systems.
In January 2021, Teledyne Technologies Incorporated, a US-based technology company, acquired FLIR Systems Inc. for $8.2 billion. Through this acquisition, Teledyne aimed to expand its portfolio and offer a full range of imaging products and technologies. FLIR Systems Inc. is a United States-based company that designs and manufactures drug and narcotic scanner systems.
The global Narcotics Scanner market report by TBRC is segmented by Product Type into Handheld Scanner, Tabletop Scanner, Stepper Scanner, by Technology into Ion Mobility Spectrum Technology, Contraband Detection Equipment, inspection by videoscope, infrared spectroscopy, by end user in airport, seaport, railway terminal, law enforcement, defense and military, others.
Global Narcotics Scanner Market Report 2022 – By Product Type (Handheld Scanner, Tabletop Scanner, Stepper Scanner), By Technology (Ion Mobility Spectrum Technology, Contraband Detection Equipment, Inspection System By Videoscope, Infrared Spectroscopy), By End User (Airport, Seaport, Rail Terminal, Law Enforcement, Defense & Military) – Global Market Size, Trends & Forecasts 2022-2026 is part of a series of new reports from The Business Research Company providing Narcotics Scanners market overview, forecasts Narcotics Scanners market size and Narcotics Scanners market growth for overall market, Narcotics Scanners market segments, geographies, trends Narcotics Scanners Market Report, Narcotics Scanners Market Drivers, Competitor Constraints, Revenues, Profiles and Market Shares.
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