Global Drug Screening Market: Significant Growth Driven by Innovation and Changing Regulations

"
The Emergence of New Technologies and Regulations Are Transforming the Future of the Drug Screening Market

What Is The Projected Market Size Of The Global Drug Screening Market And Its Growth Rate?
The global drug screening market is predicted to experience significant growth in the coming years driven by an array of factors, primarily technological advancements and changing regulations. Key statistics are as follows:
• The market value will grow from $8.57 billion in 2024 to $9.79 billion in 2025, marking a CAGR of 14.2%
• The substantial growth is linked to pharmaceutical drug testing, investments in research and development, healthcare, clinical diagnostics, and substance abuse treatment
• By 2029, the market is projected to reach a staggering $17.1 billion with a CAGR of 15.0%
• Factors contributing to this projected increase include the legalization of and the opioid crisis, increasing sports events, the development of point-of-care and rapid testing, evolving drug policies and regulations, and growing workplace wellness and health programs.

What Is Driving The Growth In The Drug Screening Market?
The worldwide drug screening market is on an upward trend due to the growing prevalence of drug and alcohol consumption. Drug addiction negatively impacts the brain and behaviour, causing the inability to control the use of legal or illegal drugs, including substances like alcohol, marijuana and nicotine. Increased drug and alcohol consumption raises disease risks, leading to a higher need for drug screening. The National Survey on Drug Use and Health reported that in 2022, 13.5% of Americans aged 12 and over used drugs in the last month, marking a 3.8% YoY increase. The report also indicated that 59.277 million or 21.4% of individuals aged 12 and over used illegal drugs or misused prescription drugs in the past year. The pandemic further magnified the issue, increasing youth intake by up to four times in parts of the world, thereby driving the growth of the drug screening market.

Request A Free Sample Copy:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6369&type=smp

Who Are the Key Players Driving Drug Screening Market Growth?
The global drug screening market comprises of several major players driving its growth, including:
• Laboratory Corporation
• Quest Diagnostics Incorporated
• OraSure Technologies Inc.
• Alfa Scientific Designs Inc.
• Abbott Laboratories
• Thermo Fisher Scientific Inc.
• Drägerwerk AG & Co. KGaA
• LifeLoc Technologies Inc.
• MPD Inc.
• Omega Laboratories Inc.

What Are The Key Trends In The Drug Screening Market?
The drug screening market is marked by several emerging trends including:
• Advanced drug detection technology
• Telemedicine and remote testing
• Heightened investments in research and development
• Innovative drug testing kits and devices
• Technological advancements in testing

What Are The Segments Of The Global Drug Screening Market?
The drug screening market can be segmented into:
• Products: Rapid Testing Devices, Consumables, Other Products
• Sample Type: Oral Fluid Sample, Hair Sample, Urine Sample, Breath Sample, Others
• End-User: Drug Testing Laboratories, Workplaces, Criminal Justice and Law Enforcement Agencies, Hospitals, Drug Treatment Centers, Individual Users, Pain Management Centers, Schools, and Colleges

Which Region Leads The Drug Screening Market?
North America led the drug screening market in 2024, with Asia-Pacific projected to be the fastest growth region in the forecast period. The report covers various regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Pre-book the Report for Swift Delivery:
https://www.thebusinessresearchcompany.com/report/drug-screening-global-market-report

What Is Covered In The Drug Screening Market Global Market Report?
• Market Size Analysis
• Market Segmentation Analysis
• Key Player Focus
• Growth Trends Analysis
• Market Contribution
• Growth Drivers
• Industry Challenges
• Competitive Developments

Request Customization for This Report:
https://www.thebusinessresearchcompany.com/Customise?id=6369&type=smp

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company
Learn More About the Business Research Company. With over 15,000+ reports across 27 industries covering 60+ geographies, The Business Research Company has built a reputation for delivering comprehensive data-rich research and insights. The firm's flagship product, the Global Market Model (GMM) is a premier market intelligence platform delivering comprehensive and up-to-date forecasts to support informed decision-making.

This release was published on openPR.