Telemedicine Solutions Are Fueling Growth In The Narcotics Scanner Market


https://www.coherentmarketinsights.com/market-insight/narcotics-scanner-market-5590
Narcotics Scanner Market




Market Overview:

Narcotics scanners are detection devices that help screen and detect illegal or unauthorized drugs at security checkpoints. They offer fast, non-intrusive screening of people and cargo for narcotics with high accuracy. The growing drug trade and focus on curbing smuggling has increased demand for such scanners at airports, customs, prisons, and other locations.

Market key trends:
One of the key trends in the narcotics scanner market is the increasing adoption of AI and machine learning technologies. Device manufacturers are integrating advanced data analytics capabilities to help scanners gather vast amounts of drug signature data over time. This enables them to continuously enhance detection accuracy without needing frequent software upgrades. The algorithms also enable detecting new drug variants without adding them to signature databases. Other trends include the development of portable handheld scanners and scanner upgrades with multi-drug detection capabilities.

The global Narcotics Scanner Market Demand is estimated to be valued at US$ 2374.72 Mn in 2023 and is expected to exhibit a CAGR of 6.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Segment Analysis
The global narcotics scanner market is segmented into technology, type, and end-user. Based on technology, the market is segmented into vehicle-mounted scanners, handheld scanners, and tabletop scanners. The tabletop scanners segment dominated the market in 2023 and is expected to continue its dominance over the forecast period owing to its high efficiency and accuracy in detecting multiple narcotics.

Key Takeaways
The global narcotics scanner market is expected to witness high growth, exhibiting CAGR of 6.3% over the forecast period, due to increasing drug trafficking activities across the world.

Regional analysis
North America dominated the global market in 2023 and is expected to maintain its dominance over the forecast period. This is attributed to increasing expenditure on homeland security and technological advancements in narcotics detection technologies in the region. Asia Pacific is expected to be the fastest growing region owing to growing economies, increasing investments in security infrastructure, and rising drug trafficking activities in the region.

Key players
Key players operating in the narcotics scanner market are ThermoFisher Scientific Inc., OSI Systems Inc., Chemring Group PLC, Bruker Corporation, Viken Detection, FLIR Systems Inc., Astrophysics Inc., Aventura Technologies Inc., Teknicom Solutions Ltd., L3 Security and Detection Systems Inc., Nuctech Company Limited, and Smiths Detection Inc.

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