Drug Screening Market to Garner US$ 22.67 Bn by 2030 - Impact of COVID-19 Pandemic and Global Analysis by Business Market Insights

Drug Screening Market crossed the US$ 6.63 billion mark in 2022 and is expected to hit US$ 22.67 billion by 2030, recording a CAGR of 16.6% during the forecast period.

Rising demand for drug screening methods, growing alcohol consumption, and increasing drug abuse cases are some of the major factors driving the market's growth. According to United Nations Office on Drugs and Crime (UNODC), in 2020, approximately 275 million people consumed drugs worldwide, and approximately 36 million people suffered from drug use disorders. Thus, the growing drug consumption indicates the surge in demand for drug screening instruments and devices, complementing the drug screening market's growth during the forecast period.

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Some of the companies competing in the Drug Screening Market are:
• Abbott
• Omega Laboratories, Inc.
• Roche Monitoring Services.
• Siemens Healthcare GmbH
• Thermo Fisher Scientific Inc.
• Quest Diagnostics Incorporated
• Premier Biotech, Inc.
• OraSure Technologies, Inc.
• Psychemedics Corporation

Increasing use of Drug Testing in various industries is one of the major factors accelerating the market growth:
The industries for drug testing are transportation, government, sport, construction & manufacturing, healthcare, and others. Among these industries, the transportation industry is one such industry, wherein the use of drug screening devices is increasing for employ and infrastructure safety and to avoid potential damages from workplace accidents. Additionally, as a mandatory part of Department of Transportation (DoT) guidelines, drug testing in this industry is used extensively. The sports industry is also encouraging drug testing to prevent cheating in sports by taking performance-enhancing drugs.

Drug Screening Market Segmentation:

Product Type:
• Analytical Instruments
• Rapid Testing Devices
• Consumables

Sample Type
• Breath
• Hair
• Oral Fluid
• Urine
• Others

End User:
• Drug Testing Laboratories
• Drug Treatment Centers
• Pain Management Centers
• Criminal Justice Systems and Law Enforcement Agencies
• Hospitals
• Others

Region
• North America
• Europe
• Asia Pacific (APAC)
• South & Central America
• Middle East & Africa

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The final report will add the analysis of the Impact of Covid-19 in this report Drug Screening Market.
Adapting to the recent novel COVID-19 pandemic, the impact of the COVID-19 pandemic on the global Drug Screening Market is included in the present report. The influence of the novel coronavirus pandemic on the growth of the Drug Screening Market is analyzed and depicted in the report.

The report scrutinizes different business approaches and frameworks that pave the way for success in businesses. The report used expert techniques for analyzing the Drug Screening Market; it also offers an examination of the global market. To make the report more potent and easy to understand, it consists of infographics and diagrams. Furthermore, it has different policies and development plans which are presented in summary. It analyzes the technical barriers, other issues, and cost-effectiveness affecting the market.

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Reasons for buy this Report
• Highlights key business priorities to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the Drug Screening market, thereby allowing players to develop effective long term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest to components, type, and end-users.

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This release was published on openPR.