Drug Screening Market to Perceive Excellent CAGR of 17.3% by 2029, Size, Share, Growth Rate, Emerging Trends, Development Status and Revenue
Global drug screening market was valued at USD 5.3 billion in 2021 and is expected to reach USD 18.99 billion by 2029, registering a CAGR of 17.3% during the forecast period of 2022-2029. The "urine" accounts for the largest sample type segment in the drug screening market within the forecasted period owing to the benefits it offers such as cost-effectiveness, high detection accuracy of multiple drugs and instant results. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Drug Screening Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Growing Drugs Consumption
The rising consumption of illicit drugs is also expected to accelerate the market's overall growth as they further increase the adoption of drug screening products and services on the road. Moreover, the illegal drug use by teens will bolster the market growth.
Furthermore, the screening is easy to implement, thus offering flexible and effective workplace drug testing, which is also expected to fuel market growth. The increase in governmental funding to control drug trafficking is a significant factor that is projected to cushion the market's growth. The increasing road accidents due to overdose of drugs while driving and prescription drug misuse will further expand the drug screening market's growth rate in the future.
Restraints/Challenges Global Drug Screening Market
Prohibition of Drug Testing
The drug testing at some places (especially at workplace) is considered as a violation of employee privacy, which is expected to obstruct market growth.
The ban in consumption of drugs in certain places and accuracy issues related to breathalyzers are projected to challenge the drug screening market in the forecast period of 2022-2029.
Some of the major players operating in the drug screening market are LabCorp (US), Quest Diagnostics (US), Abbott (US), Thermo Fisher Scientific, Inc. (US), Alfa Scientific Designs, Inc. (US), OraSure Technologies, Inc. (US), Siemens (Germany), F. Hoffmann-La Roche Ltd (Switzerland), MPD Inc. (US), Shimadzu Corporation (Japan), Lifeloc Technologies, Inc. (US), Drägerwerk AG & Co. KGaA (Germany), Premier Biotech, Inc. (US), Omega Laboratories, Inc. (US), Psychemedics Corporation (US), Clinical Reference Laboratory Inc., (US), American Bio Medica Corporation (US), ACM Global Laboratories (US), Sciteck, Inc. (US), Synens SAS (France), Intoximeters (US), AccuSource Inc., (US), Cordant Health Solutions (US), and Millennium Health (US) among others.
In August 2021, Select Health of South Carolina and Quest Diagnostics have reached an agreement to expand Select Health's laboratory network for Medicaid and Medicare-Medicaid dual-eligible enrollees and improve members' access diagnostics information services.
Global Drug Screening Market Scope
The drug screening market is segmented on the basis of product and services, sample type and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product and Services
Rapid Testing Devices (RTD)
On the basis of product and services, the drug screening market is segmented into equipment, rapid testing devices (RTD), consumables and laboratory services. Equipment is further sub segmented into immunoassay analyzers, chromatography instruments, and breath analyzers. Breath analyzers is further sub segmented into semiconductor breath analyzers and fuel cell analyzers. Rapid testing devices (RTD) is further sub segmented into oral fluid testing devices and urine testing devices. Consumables is further sub segmented into assay kits, calibrators and controls, and sample collection cups.
Oral Fluid or Saliva
On the basis of sample type, the drug screening market is segmented into oral fluid or saliva, breath, hair, urine and other samples. Urine sample is projected to dominate the market owing to the benefits it offers such as cost-effectiveness, high detection accuracy of multiple drugs and instant results.
Workplace and Schools
Criminal Justice Systems and Law Enforcement Agencies
Drug Testing Laboratories
Drug Treatment Centers
Pain Management Centers
On the basis of end user, the drug screening market is bifurcated into workplace and schools, criminal justice systems and law enforcement agencies, drug testing laboratories, drug treatment centers, hospitals, personal users and pain management centers.
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It is crucial to identify audiences before beginning a campaign. In addition to this vital to know which countries to penetrate, we can provide you information.
It allows you to determine where to focus your efforts and which regions competition are located. You will be looking at the global market scenario, along with the GDP Growth of Drug Screening Market that particular region. In this way, an accurate assessment of the global market is made possible.
To stay competitive, every organization must stay one step ahead. By working with us, you will get a better understanding of your competitors.
You will also be presented with several competitive profiles, along with their updated financials, latest R&D developments, and projected growth for the next few years. We will also be informing you about recent developments to keep you up-to-date and allow you to take appropriate action.
Besides analyzing the segments and growth rates, we will also help you find out the key players in this industry and identify what previous developments have taken place. To help you focus on the right segments, we will provide a 360-degree snapshot of this market.
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