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Drug Screening Market to Perceive Excellent CAGR of 17.30% by 2029, Emerging Trends, Development Status and Revenue

10-31-2023 10:36 AM CET | Health & Medicine

Press release from: Data Bridge Market Research

Drug Screening Market to Perceive Excellent CAGR of 17.30%

The large scale  Drug Screening Market research report is extensive as well as object-oriented which has been formulated with the nice combination of an admirable industry experience, talent solutions, industry insight and most modern tools and technology. The report has been produced by taking into account the market type, size of the organization, accessibility on-premises and the end-users' organization type, and availability at global level in areas such as North America, South America, Europe, Asia-Pacific, Middle East and Africa. The credible Drug Screening Market report gives precise information about market trends, industrial changes, and consumer behaviour etc.

Drug Screening Market document helps disclose ambiguities that may happen due to changes in business activities or entry of a new product in the market. Under market definition topic of this report, market drivers which indicate the factors causing rise in the market growth and market restraints which indicate the factors causing fall in the market growth have been explored. The report also showcases important product developments and tracks recent acquisitions, mergers and research in the Healthcare industry by the key players of the market. Global Drug Screening Marketing report not only works to compete but also to outshine the competition.

Data Bridge Market Research analyses that the drug screening market, which was USD 6.22 billion in 2022, would reach up to USD 22.28 billion by 2030 and is expected to undergo a CAGR of 17.30% during the forecast period. The "urine" dominates in the sample type segment of the drug screening market owing to its benefits, such as cost-effectiveness, high detection accuracy of multiple drugs, and instant results. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Visit full Study Report @ https://www.databridgemarketresearch.com/reports/global-drug-screening-market

Drug screening helps to identify the existence of drugs or their metabolic by-products in an individual's biological specimen, frequently urine, blood, saliva, or hair. Employers, healthcare providers, and law enforcement entities commonly deploy drug screening to evaluate drug usage or misuse. This pre-emptive measure aids in upholding workplace security, adhering to regulations, and pinpointing potential health hazards. The screening process typically involves laboratory examination or swift tests and aims to recognize the presence of elements such as, opioids, amphetamines, and other regulated drugs.

Global Drug Screening Market Dynamics

Drivers

Rising Workplace Regulations for Employees

Stringent employment regulations and workplace policies necessitate routine drug testing, particularly in safety-sensitive industries such as transportation, construction, and healthcare. Employers must implement drug screening programs to adhere to legal requirements, ensuring a safe working environment and minimizing potential liabilities. This driver underscores the critical role of drug testing in maintaining workplace safety, employee well-being, and compliance with industry-specific standards.

Rising Substance Abuse Issues

The escalating prevalence of substance abuse problems, including the opioid crisis, propels the demand for robust drug screening measures. Industries and healthcare organizations face the challenge of promptly identifying and addressing substance abuse to mitigate its impact on individual health and overall societal well-being. The urgent need to combat substance abuse-related issues positions drug screening as a crucial tool in early detection, intervention, and prevention, aligning with broader public health objectives and regulatory imperatives.

Some of the major players operating in the global drug screening market are:

LabCorp (U.S.)
Quest Diagnostics (U.S.)
Abbott (U.S.)
Thermo Fisher Scientific, Inc. (U.S.)
Alfa Scientific Designs, Inc. (U.S.)
OraSure Technologies, Inc. (U.S.)
Siemens (Germany)
F. Hoffmann-La Roche Ltd (Switzerland)
MPD Inc. (U.S.)
Shimadzu Corporation (Japan)
Lifeloc Technologies, Inc. (U.S.)
Drägerwerk AG & Co. KGaA (Germany)
Premier Biotech, Inc. (U.S.)
Omega Laboratories, Inc. (U.S.)
Psychemedics Corporation (U.S.)
Clinical Reference Laboratory Inc. (U.S.)
American Bio Medica Corporation (U.S.)
ACM Global Laboratories (U.S.)
Sciteck, Inc. (U.S.)
Synens SAS (France)
Intoximeters (U.S.)
AccuSource Inc., (U.S.)
Cordant Health Solutions (U.S.)
Millennium Health (U.S.)

Global Drug Screening Market Scope

The global 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

Equipment
Rapid Testing Devices (RTD)
Consumables
Laboratory Services

Sample Type

Oral Fluid or Saliva
Breath
Hair
Urine
Other Samples

End User

Workplace and Schools
Criminal Justice Systems and Law Enforcement Agencies
Drug Testing Laboratories
Drug Treatment Centers
Hospitals
Personal Users
Pain Management Centers

Some of the Most Important Questions Scrutinized in the Business Intelligence Report:

What are the key growth parameters for this global market during the forecast period?
Which key players are expected to hold the largest market share over the forecast period?
Who are the leading vendors and manufacturers in this  Drug Screening Market ?
What are the key strategies adopted by leading players in the market for business development and geographical expansion?
Which end-use industries can trigger high demand in the market over the forecast period?
What are the key segments in this market?
Which regional player will have anticipated leading the global market in terms of size?
What is the impact of the novel coronavirus pandemic?
Which obstacles must new players overcome in order to occupy a major position?

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About Data Bridge Market Research:
An absolute way to forecast what future holds is to comprehend the trend today!
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavours to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process. Data Bridge is an aftermath of sheer wisdom and experience which was formulated and framed in the year 2015 in Pune.
Data Bridge Market Research has over 500 analysts working in different industries. We have catered more than 40% of the fortune 500 companies globally and have a network of more than 5000+ clientele around the globe. Data Bridge adepts in creating satisfied clients who reckon upon our services and rely on our hard work with certitude. We are content with our glorious 99.9 % client satisfying rate.

Contact Us:
Data Bridge Market Research
US: +1 888 387 2818
UK: +44 208 089 1725
Hong Kong: +852 8192 7475
Email: - corporatesales@databridgemarketresearch.com

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