Drug Screening Market is Going to Boom with Key Players LabCorp, Quest Diagnostics, Alere

Report Ocean releases its latest report on the global Drug Screening Market. A combination of information gathered from first-hand sources, qualitative and quantitative assessments of industry analysts, and insights from experts and participants across the value chain is used to calculate the global Drug Screening Market.

The global drug screening market is forecast to grow at a compound annual growth rate (CAGR) of more than 9.5% during the forecast period from 2021-2030.

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Factors Affecting

The number of people abusing drugs is rising around the world. According to the World Drug Report 2019, in 2017, approximately 5.5% of the worldwide population aged 15-64 consumed drugs at least once. In 2017, there were 35 million people with substance use disorders, a gain of 14.8% from 30.5 million in 2016. Drug use led to the deaths of 585,000 people in the same year. Globally, drugs cause the loss of 28 million years of healthy life (disability-adjusted life years, or DALYs).

Authorities in various countries implement comprehensive drug-testing measures to curb the menace of drug abuse. Thus, drug screening will be in high demand in the coming years.

The rise in consumption of alcohol and illicit drugs, the establishment of stricter laws in different countries, and increased government funding to combat drug trafficking create an opportunity for drug screening devices. 

The primary restraints for the growth of the global drug screening market include the inaccuracy of breathalyzers, alcohol consumption bans in various countries, and privacy issues associated with drug testing.

The reports include an in-depth analysis of macroeconomic indicators, market trends, and underlying factors, as well as market attractiveness by segment. The reports include a qualitative impact map of different market factors. COVID-19 (Corona Virus) had an impact on the product industry chain based on upstream and downstream markets, on regions and countries, and the future development of the industry.

The reports on the Global Drug Screening Market provide readers with a better understanding of the market and competitive landscape to support better decision-making. Report contents include an overview of participants, revenue results, sales volume, gross margin, capital investment, and global Drug Screening Market growth rates.

Researchers gather and validate the market size and demand information with market experts. They also examine the geographical distribution of the Drug Screening Market. Top manufacturers, distributors, traders, and dealers use these market studies to gain insights into the industry. It will provide an overview of the product, the market, the driving forces, the risks and opportunities, and the research findings.

Impact Analysis of COVID-19

A detailed study of Covid-19 impacts the Drug Screening Market is provided in the report.

The World Health Organization has declared Covid-19 a global health emergency due to its impact on thousands of people worldwide. The Coronavirus disease, which already affects these groups, had affected Drug Screening Market segments.

While the death toll continues to climb, the economic damage is already evident, making this the world's worst economic shock in decades.

Chaos can lead to several undesirable outcomes, including restaurant closings, flight cancellations, travel restrictions, indoor event venues losing permits, customer confidence eroding, stock markets fluctuating, and citizens becoming anxious.

The report extensively examines the fundamental aspects of the Global Drug Screening Market, including its future prospects and competitive landscape. The Porter's Five Forces analysis of the Drug Screening Market provides insight into the factors influencing its growth. This market study breaks down the Drug Screening Market into segments, regions, and players in order to present an accurate picture of the current market environment. The study also includes macroeconomic and microeconomic analyses. Several graphs and charts appear in the report effectively.

Regional Overview

An analysis of the Drug Screening Market at the country level looks at segments classified as potentially high-growth, countries with the largest market share, and countries with the best growth prospects. Among the regional breakdowns in the Drug Screening Market study are North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), Other countries.

Leading Competitors

The leading prominent competitors in the global Drug Screening Market are:

LabCorp (U.S.)
Quest Diagnostics (U.S.)
Alere (U.S.)
OraSure (U.S.)
Alfa Scientific Designs (U.S.)
Thermo Fisher Scientific (U.S.)
Drägerwerk (Germany)
LifeLoc (U.S.)
MPD Inc. (U.S.)
Omega Laboratories (U.S.)
Premier Biotech (U.S.)
Psychemedics (U.S.)
Roche (Switzerland)
Shimadzu (Japan)
Siemens Healthineers (Germany)

Scope of the Report

The global Drug Screening Market segmentation focuses on:

Segmentation based on Product and Service

Drug Screening Products
Analytical Instruments
Immunoassay Analyzers
Chromatography Instruments
Breathalyzers
Fuel-cell Breathalyzers
Semiconductor Breathalyzers
Other Breathalyzers
Rapid Testing Devices
Urine Testing Devices
Drug Testing Cups
Dip Cards
Drug Testing Cassettes
Oral Fluid Testing Devices
Consumables
Assay Kits
Sample Collection Tubes
Calibrators & Controls
Other Consumables
Drug Screening Services

Segmentation based on Sample Type

Urine Samples
Oral Fluid Samples
Breath Samples
Hair Samples
Other Samples

Segmentation based on End-User

Workplaces
Drug Testing Laboratories
Criminal Justice Systems & Law Enforcement Agencies
Hospitals
Drug Treatment Centers
Individual Users
Pain Management Centers
Schools & Colleges

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This release was published on openPR.