Replies to post #2925 on PharmChem Laboratories Inc (fka PCHM)

[deet49]

Market size surpassed US$ 6.2 Bn in 2019

Drugs of Abuse Testing Market Size, Share, Trends, Growth, Production, Consumption, Revenue and Forecast 2020 - 2027. The global drugs of abuse testing market size surpassed US$ 6.2 Bn in 2019 and is expected to reach US$ 7.5 billion by 2027 with a CAGR of 5.5% from 2020 to 2027.

https://www.visionresearchreports.com/drugs-of-abuse-testing-market-size-share-trends-growth-production-consumption-revenue-and-forecast-2020-2027/35729#:~:text=Forecast%202020%20%2D%202027-,Drugs%20of%20Abuse%20Testing%20Market%20Size%2C%20Share%2C%20Trends%2C%20Growth,Revenue%20and%20Forecast%202020%20%2D%202027&text=The%20global%20drugs%20of%20abuse,5.5%25%20from%202020%20to%202027.

PCHM so what's 44% of what again?

over 29 million drug users suffer from substance use disorders leading to high health consequences.

btw LMLYP wonderful multi layered analysis https://investorshub.advfn.com/boards/read_msg.aspx?message_id=160008438

we currently are capturing only .0017% of the overall market size as of 2019 as PCHM continues to gain traction @ .017% PCHM will be living the Dream https://investorshub.advfn.com/boards/read_msg.aspx?message_id=131331276

Based on the 'Juicy' Margins that would be a lot of DIVIDEND cheddar
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=159964016

[LMLYP]

Market Share Gains Continue, Record Month SD 24/7 Program

South Dakota 24/7 December 2020 numbers have been released by the Attorney General of SD in their monthly report. The patch continues to gain market share, and had it’s highest monthly share ever, following a month that it had it’s highest market share ever.
(1) Since the start of the pandemic, in the nine months ending December 31, the market share for the number of participants being drug tested on the patch is 38%, and the market share for urine testing is 62%. This compares to a pre-pandemic market share for the patch around 23% and urine around 77%.
(2) Additionally, recent trends point to more future gains. In December 48 people were given the patch and 56 were tested by urine. That’s a market share of 46%. This represents the highest market share in any month ever. This is not an anomaly either. In November, 42 people were on the patch and 53 were urine tested. That’s a market share of 44%. It was a record market share in any month ever, until December rolled around, and the patch added to the trend.
(3) Drug testing in general appears to be way down post pandemic. I will try to put numbers behind that statement in future reports.
(4) Specifically, the number of participants on the patch in 2020 were 293 down from 391 a year earlier.