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Drug Screening Market to reach up to USD 25.3 billion by 2031, at a CAGR of 16.3% during the projection period

07-28-2022 03:17 PM CET | Health & Medicine

Press release from: Global Insight Services

Drug Screening Market to reach up to USD 25.3 billion by 2031, at

New York, The global drug screening market was valued at USD 5.6 billion in 2021 and it is expected to reach up to USD 25.3 billion by 2031, at a CAGR of 16.3% during the projection period.

Global Drug Screening Market report from Global Insight Services is the single authoritative source of intelligence on Drug Screening Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Read more about Drug Screening Market here: https://www.globalinsightservices.com/reports/drug-screening-market/

Drug screening is the process of recognizing illicit and some recommended drugs in the blood, urine, and other biological samples. A drug screening process is also called the analysis and detection of performance-enhancing drugs consumed by professional athletes like steroids and HGH in order to improve stamina and performance at the time of the sport.

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Market Trends and Drivers
The key factor boosting the growth of the market is growing drug and alcohol consumption. Drug abuse and alcohol consumption are increasing worldwide. According to the World Drug Report 2021, in 2019, an estimated 275 million people across the globe aged 15-64, or 1 in every 18 people in that age group, have used drugs at least once in the previous year. In the same year, drug use killed almost half a million people, while drug use disorders resulted in 18 million years of healthy life lost, mainly owing to opioids. Alcohol consumption has shown similar increases, with consequences witnessed in the growing incidence of impaired driving. The increasing consumption of illicit drugs & alcohol will further boost the development of drug screening products & services on the road, thereby driving the overall market growth.

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Global Drug Screening Market Segmental Overview
The report analyses the global drug screening market based on the products & services, sample type, end users, and regions.

Global Drug Screening Market by Products & Services

Based on products & services, it is segmented into drug screening products, analytical instruments, rapid testing devices, oral fluid testing devices, oral fluid testing devices, consumables, and drug screening services. The drug screening products segment is likely to dominate the market during the forecast period. The growing drug and alcohol consumption coupled with the enforcement of stringent laws mandating drug & alcohol testing is boosting the growth of the market.

Global Drug Screening Market by Sample Type

Based on sample type, it is segmented into urine samples, breath samples, oral fluid samples, hair samples, and others. The urine samples segment is likely to dominate the market during the forecast period. The key factors attributing to the growth of the market are the enforcement of stringent law mandating drug & alcohol testing, rising regulatory approvals for drug screening products & services are boosting the growth of the market.

Global Drug Screening Market by End Users

Based on end users, it is segmented into drug testing laboratories, workplaces, criminal justice & law enforcement agencies, hospitals, drug treatment centers, individual users, pain management centers, school & colleges. The drug testing laboratories segment is likely to boost the market growth during the forecast period. The key factors boosting the growth of the market are stringent regulations by government agencies mandating alcohol and drug testing for safety purposes and increasing initiatives to monitor and combat substance abuse are likely to boost the growth of the market.

Geographical Analysis of Global Drug Screening Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North American region is likely to dominate the market during the forecast period. The key factor attributed to the growth of the market is the growing consumption of illicit drugs, the availability of government funding to curb abuse, laws supporting drug screening, the growing burden of accidents owing to alcohol impairment, and the presence of key players in the region are boosting the growth of the market.

Major Players in the Global Drug Screening Market
The key players studied in the global drug screening market are LabCorp (US), Quest Diagnostics (US), Abbott Laboratories (US), Thermo Fisher Scientific, Inc. (US), Alfa Scientific Designs, Inc. (US), OraSure Technologies, Inc. (US), Siemens Healthineers (Germany), Roche (Switzerland), MPD Inc. (US), Shimadzu (Japan), LifeLoc Technologies (US), Drägerwerk (Germany), Premier Biotech, Inc. (US)

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With Global Insight Services, you receive:
- 10-year forecast to help you make strategic decisions
- In-depth segmentation which can be customized as per your requirements
- Free consultation with lead analyst of the report
- Excel data pack included with all report purchases
- Robust and transparent research methodology

Contact Us:
Global Insight Services LLC
16192, Coastal Highway, Lewes DE 19958
E-mail: info@globalinsightservices.com
Phone: +1-833-761-1700

About Global Insight Services:
Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

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