Press release
Drug Screening Market on Track for Strong Growth, Estimated to Grow at 15% CAGR Through 2029
Drug Screening Market
What Is the Expected CAGR for the Drug Screening Market Through 2025?
The size of the drug screening market has seen a rapid expansion in recent years. Its growth is expected to escalate from $8.57 billion in 2024 to $9.79 billion in 2025, projecting a compound annual growth rate (CAGR) of 14.2%. Factors contributing to the surge in the historic period include pharmaceutical drug analysis, healthcare and clinical assessment, substance misuse therapy, R&D expenditure, along with the rising adoption of drug testing kits and gadgets.
What's the Projected Size of the Global Drug Screening Market by 2029?
The market size of drug screening is predicted to experience a significant increase in the following years, reaching $17.1 billion in 2029, with a compound annual growth rate (CAGR) of 15.0%. This growth for the forecasted period can be linked to factors such as the legalization of cannabis* and the opioid crisis, a surge in sports events, quick and point-of-care testing, changing drug policies and regulations, an increase in health and wellness programs in workplaces, as well as the expansion of the international market. Key trends to watch for in the forecast period include heightened drug detection technologies, the rise of telemedicine and remote testing, investment inflow into research and development, cutting-edge drug testing kits and devices, and technological enhancements in testing procedures.
View the full report here:
https://www.thebusinessresearchcompany.com/report/drug-screening-global-market-report
Top Growth Drivers in the Drug Screening Industry: What's Accelerating the Market?
The escalating usage of drugs and alcohol is anticipated to drive the growth of the drug screening market. Drug addiction, which affects an individual's brain and behavior leading to an uncontrollable urge to use either legal or illegal drugs or medication, is a disease. Substances like alcohol, marijuana, and nicotine are also categorized as drugs. The increase in drug and alcohol addiction subsequently elevates the risk of diseases, fueling the demand for drug screening. For instance, in 2022, the global concern over drug and alcohol consumption remained significant. The National Survey on Drug Use and Health (NSDUH) disclosed that 13.5% of Americans aged 12 and older used drugs in the past month, reflecting a 3.8% yearly increase. The study further revealed that 59.277 million or 21.4% of individuals aged 12 and older misused prescription drugs or used illegal drugs within the past year. The effects of the pandemic have also increased drug risks, with youth's cannabis* usage rising up to fourfold in certain areas globally. Therefore, the rise in drug and alcohol consumption is paving the way for the growth of the drug screening market during the forecasted period.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6369&type=smp
What Trends Will Shape the Drug Screening Market Through 2029 and Beyond?
The emergence of ground-breaking products is a significant trend gaining traction in the drug screening market. Major players in this market are concentrating on creating and introducing new products to satisfy the rapidly expanding industry requirements and solidify their market standing. Moreover, the sudden shift in drug screening strategies due to COVID has altered the screening procedures, fostering innovation and the development of new products from companies. These companies are striving to create innovative products like a highly effective new drug test that can be extensively utilized by laboratories. A case in point, in September 2022, Sysmex Corporation, a healthcare firm based in Japan, introduced a novel product for urine sediment testing and screening called the UF-1500 Fully Automated Urine Particle Testing Analyzer. This new product retains the excellent functionality and user-friendliness of the UF-5000 Fully Automated Urine Particle Analyzer, Sysmex's top-of-the-line model for urine sediment testing, while reducing the size of the former model.
What Are the Main Segments in the Drug Screening Market?
The drug screening market covered in this report is segmented -
1) By Products: Rapid Testing Devices, Consumables, Other Products
2) By Sample Type: Oral Fluid Sample, Hair Sample, Urine Sample, Breath Sample, Other Sample Types
3) By End User: Drug Testing Laboratories, Workplaces, Criminal Justice and Law Enforcement Agencies, Hospitals, Drug Treatment Centers, Individual Users, Pain Management Centers, Schools and Colleges
Subsegments:
1) By Rapid Testing Devices: Urine Drug Test Kits, Saliva Drug Test Kits, Blood Drug Test Devices, Instant Test Strips
2) By Consumables: Reagents and Assays, Sample Collection Devices, Calibration Standards
3) By Other Products: Laboratory Equipment, Software Solutions, Storage and Transport Solutions
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=6369&type=smp
Which Top Companies are Driving Growth in the Drug Screening Market?
Major companies operating in the drug screening market include 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., Premier Biotech Inc., Psychemedics Corporation, F. Hoffmann-La Roche Ltd., Shimadzu Corporation, Siemens Healthineers AG, Medtox Scientific Inc., American Screening Corporation, Clinical Reference Laboratory Inc., Express Diagnostics International Inc., Global Drug Testing Services, Kroll Laboratory Specialists Inc., Medscreen Laboratories, National Screening Centers Inc., American Bio Medica Corporation, Mayo Clinic Laboratories, ACM Global Laboratories, Intertek Group plc, Eurofins Scientific SE
Which Regions Will Dominate the Drug Screening Market Through 2029?
North America was the largest region in the drug screening market in 2024. Asia-Pacific is expected to be the fastest-growing region in the drug screening market during the forecast period. The regions covered in the drug screening market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=6369
This Report Supports:
1. Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2. Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3. Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4. Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Drug Screening Market on Track for Strong Growth, Estimated to Grow at 15% CAGR Through 2029 here
News-ID: 4077056 • Views: …
More Releases from The Business Research Company
Chained Consumer Food Service Market Structure, Emerging Trends, And Leading Pla …
The chained consumer food service industry is on track for substantial expansion in the coming years as it adapts to evolving consumer preferences and technological advancements. A combination of digital innovation and changing dining habits is set to steer this market towards impressive growth. Let's explore the current market size, key drivers, major players, emerging trends, and segmentation details shaping this dynamic industry.
Projected Market Size and Expected Growth for the…
Key Industry Players Strengthening Their Position In The Carbon Dioxide Recyclin …
Exploring the future potential of carbon dioxide recycling methanol reveals a promising path toward sustainable fuel production. As industries focus on reducing carbon footprints, this sector stands out for its rapid expansion, driven by technological innovation and strategic collaborations. Let's dive into the current landscape, leading players, influential trends, and key market segments shaping the outlook for carbon dioxide recycling methanol.
Projected Market Size and Growth Trajectory for Carbon Dioxide Recycling…
Global Trends Analysis: How The Cancer Antibody Drug Conjugates Market Is Rapidl …
The cancer antibody drug conjugates market is rapidly gaining traction as a promising segment within oncology therapeutics. With ongoing innovations and increasing investments, this market is set to experience substantial growth over the coming years. Let's explore the market's forecast, key drivers, major players, emerging trends, and detailed segmentation to understand the landscape better.
Projected Market Value and Growth Trajectory of the Cancer Antibody Drug Conjugates Market
The cancer antibody drug conjugates…
Rising Industry Demand Identified as a Major Catalyst Accelerating Wireless Loca …
What Will the Wireless Local Area Network (WLAN) Devices Market Size Reach by 2025?
The market encompassing wireless local area network (WLAN) apparatuses has experienced swift expansion lately, projected to advance from its 2024 valuation of $28.17 billion to $33.47 billion by 2025, reflecting an impressive compound annual growth rate (CAGR) of 18.8%. This upward trajectory during the past period stems from several key factors, including the wider acceptance of smart…
More Releases for Drug
Injectable Drug Delivery Market Injectable Drug Delivery Market
Leading market research firm SkyQuest Technology Group recently released a study titled ' Injectable Drug Delivery Market Global Size, Share, Growth, Industry Trends, Opportunity and Forecast 2024-2031,' This study Injectable Drug Delivery report offers a thorough analysis of the market, as well as competitor and geographical analysis and a focus on the most recent technological developments. The research study on the Injectable Drug Delivery Market extensively demonstrates existing and upcoming…
Global Advanced Drug Delivery Systems Market Size - By Product Type(Oral Drug De …
Market Overview and Report Coverage
Advanced Drug Delivery Systems (ADDS) refer to innovative technologies designed to improve the administration and efficacy of therapeutics, enhancing the way medications are delivered to targeted areas within the body. These systems aim to optimize treatment outcomes by increasing the bioavailability, reducing side effects, and facilitating controlled drug release. Employing methods such as nanoparticles, liposomes, and implantable pumps, ADDS are revolutionizing personalized medicine and expanding therapeutic…
Global Cancer Antibody Drug Conjugate Market Size, Drug Sales, Drug Dosage, Pric …
Global Cancer Antibody Drug Conjugate Market Size, Drug Sales, Drug Dosage, Price, and Clinical Trials Outlook 2029 Report Highlights:
* Global Antibody Drug Conjugates Market Opportunity: > 40 Billion By 2029
* Global and Regional Antibody Drug Conjugate Market Insight
* Approved Drugs Sales Insight Global and Regional, Yearly and Quarterly, 2019 -2023
* Approved Antibody Drug Conjugates - Availability, Dosage and Price Insight
* Insight On Antibody Drug Conjugates In Clinical Trials: > 550…
Alcohol Testing And Drug Testing Equipment Market 2025 Segmentation, Application …
Market Study Report, LLC, has compiled an exhaustive research study of the ‘Alcohol Testing And Drug Testing Equipment market’, detailing every single market driver and intricately analyzing the business vertical. This ‘Alcohol Testing And Drug Testing Equipment market’ study will aid in seeking out new business opportunities and fine-tuning existing marketing strategies through insights regarding SWOT analysis, market valuation, competitive spectrum, regional share, and revenue predictions.
Alcohol abuse and drug…
How much Diabetes Drug Market Impact Worldwide Medical Drug Industry?
Diabetes Drug Market From an insight perspective, the market report focuses on various levels of analyses — industry analysis, market rank analysis, and company profiles, which together comprise and discuss basic views on the competitive landscape, high-growth regions, and countries as well as their respective regulatory policies, Types ,Applications and opportunities in the market.
Diabetes is a metabolic disorder in which the body glucose level is elevated. There are two types of diabetes…
Hepatitis Drug Market Hepatitis Drug Clinical Pipeline Report 2023
For Report Sample Contact: neeraj@kuickresearch.com or +91-11-47067990
Report Table of Contents
1. Introduction to Hepatitis Disease
1.1 Prologue
1.1.1 History of Hepatitis
1.1.2 Causes of Hepatitis Disease
1.2 Types of Viruses which are Responsible for Hepatitis Disease
2. Global Prevalence of Hepatitis Infection
3. Available Drug Classes for Hepatitis Disease Treatment
3.1 Interferon Alfa Therapy
3.2 Protease Inhibitors Therapy
3.3 Polymerase…
