Drug of Abuse Testing Market (Impact Of COVID-19) Growth, Overview With Detailed Analysis 2022-2028

According to Precision Business Insights (PBI), the latest report, the drug of abuse testing market is expected to be worth USD 2,904.0 million in 2022, growing at 5.6% CAGR from 2022 to 2028. The global drug of abuse testing market is segmented into the following types: By Product Type (Analyzers, Rapid Testing Devices and Consumables), Sample Type (Saliva, Urine, Blood and Other Sample Types), End User (Hospitals, Diagnostic Laboratories, Forensic Laboratories and Other End Users) and Geography (North America, Europe, Asia Pacific, Latin America, and MEA) Forecast to 2028. Key players' profiles in the drug of abuse testing market report are Danaher Corporation, LabCorp, Abbott Laboratories, Quest Diagnostics, Inc., Cordant Health Solutions, DrugScan, Legacy Medical Services, Mayo Clinic Laboratories, LGC Group and Precision Diagnostics.

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Analyzers Segment to Dominate the Drug of Abuse Testing Market:
Analyzers segment is expected to account for a larger revenue share in the global drug of abuse testing market, with a value share worldwide. To test for the presence of any drugs in the urine of a patient who has been admitted with a suspicion of a drug overdose, medical drug testing is frequently carried out at a hospital clinical laboratory. An automated analyzer is used in a hospital laboratory to perform medical drug testing. In the majority of cases, these analyzers use immunoassays that have FDA approval. The leading players in the market are acquiring or working with other companies to gain a more significant stake in the drug of abuse testing market as a result of the companies' growing interest in the industry.

North America Drug of Abuse Testing Market:
The North America market is expected to increase in the global drug of abuse testing market over the forecast period. It is projected to grow at a CAGR of 6.3% in the coming years. A rapid growth is anticipated as a result of the increase in the use of illegal drugs in this area. The US government employs a number of processes to look out for the signs of drug abuse and decide whether a person is engaging in it. For instance, the Patients and Communities Act of 2018 was passed by the country to reduce drug use. Additionally, due to the region's rising drug addiction, Asia Pacific is expected to increase at the fastest rate during the projected period. The market for drug testing equipment in the Asia Pacific region has great potential because of emerging economies like China and India.

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Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global drug of abuse testing market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance, In May 2018, The Omega Hair 17-panel drug test, developed by Omega Laboratories, may identify 45 distinct drugs, including eight commonly misused benzodiazepine variations.

Detailed Segmentation
The drug of abuse testing market is segmented based on product type, sample type, end user, and geography.
Based on the product type, the market is segmented into the following:
• Analyzers
• Rapid Testing Devices
• Consumables

Based on the sample type, the market is segmented into the following:
• Saliva
• Urine
• Blood
• Other Sample Types

Based on the end user, the market is segmented into the following:
• Hospitals
• Diagnostic Laboratories
• Forensic Laboratories
• Other End Users

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