Press release
Drug Screening Market to Reach USD 22.24 Bn by 2029, emerging at a CAGR of 15.97 percent and forecast 2023-2029
Drug Screening Market Report Scope:Our latest report explores the expansive landscape of the global Drug Screening Market. It encompasses a range of drug screening techniques used for detecting substances in blood, urine, and other biological samples. Notably, it delves into the increasing consumption of alcohol among various age groups, the overuse of prescribed medication, and the rising demand for opioid painkillers and illegal drugs. The report discusses the primary drivers fueling market growth, the impact of the COVID-19 pandemic, and the latest technological advancements.
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Drug Screening Market Research Methodology:
To compile this report, we used a combination of primary and secondary data from various sources, including industry experts and reports from regulatory bodies. Employing both quantitative and qualitative analyses, we provide an accurate portrayal of the Drug Screening Market. This approach combines historical data with contemporary market analysis to predict the market's future trajectory.
What are Drug Screening Market Dynamics:
Pre-employment drug testing supports firms in risk mitigation because hiring a drug-addicted worker is risky and expensive. A single rogue employee's absenteeism, workers' compensation claims, and any legal implications can bankrupt a corporation. A pre-employment drug test is performed to determine whether a prospective employee abuses prescribed medication or illegal narcotics. It is also used for personnel returning to work after an injury or absence, in which case it is referred to as a pre-placement drug test. Employers frequently require pre-employment drug tests of job prospects, and a job offer may be contingent on the applicant's ability to pass.
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What is Drug Screening Market Segmentation:
by Product & Services Drug
Screening Product
Analytical Instruments
Rapid Testing Devices
Oral Fluid Testing Devices
Consumables
Drug Screening Service
by Sample Type
Urine Samples
Blood Samples
Oral Fluid Samples
Hair Samples
Other Samples
by Drug Type
Alcohol
Cannabis/Marijuana
Opioids
Amphetamine & Methamphetamine
LSD
Others
by End-User
Drug Testing Laboratories
Workplaces
Hospitals
Others
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Who are Drug Screening Market Key Players:
1. LabCorp (US)
2. Quest Diagnostics (US)
3. Abbott Laboratories (US)
4. Thermo Fisher Scientific, Inc. (US)
5. Alfa Scientific Designs, Inc. (US)
6. OraSure Technologies, Inc. (US)
7. MPD Inc. (US)
8. LifeLoc Technologies (US)
9. Premier Biotech, Inc. (US)
10.Omega Laboratories, Inc. (US)
11.Psychemedics (US)
12.Clinical Reference Laboratory (US)
13.American Bio Medica Corporation (US)
14.ACM Global Laboratories (US)
15.Care Health America Corp (US)
16.Sciteck, Inc. (US)
17.Synens (France)
18.Intoximeters (US)
19.AccuSource (US)
20.Cordant Health Solutions (US)
21.Millennium Health (US)
22.Siemens Healthineers (Germany)
23.Drägerwerk (Germany)
24.Synens SAS (France)
25.Roche (Switzerland)
Shimadzu (Japan)
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Table of content for the Drug Screening Market includes:
Drug Screening Market: Research Methodology
Drug Screening Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
3. Drug Screening Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
MandA by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
4.Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Drug Screening Market Regional Insights:
North America: The North American market, holding a substantial market share of about 38.8% in 2022, dominated the Drug Screening Market. It is expected to maintain its dominance throughout the forecast period due to factors like growing illicit drug consumption, government funding against drug abuse, stringent laws, and the presence of key players in the region.
Reasons for Regional Growth: This regional dominance is further propelled by factors such as significant players undertaking broad expansion strategies, stringent workplace testing regulations, attractive reimbursement conditions, and the widespread adoption of highly technological solutions.
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Key Offerings:
Past Market Size and Competitive Landscape (2022 to 2029)
Past Pricing and price curve by region (2022 to 2029)
Market Size, Share, Size and Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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