Drug Screening Market
Top 5 Leading Companies in Drug Screening Market | Latest Investment, Growth Strategies and Business Plan for Coming Year 2028
Overview of Global Drug Screening Market Size, Share, and Growth Forecast for 2023-28
The report aims to provide a comprehensive perspective on the Global Drug Screening Market : Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028. It offers an industry overview, including an analysis of historical and future market growth. Key parameters such as revenue, demand, and applicable supply data are highlighted. The study offers regional estimates, forecasts, and trend analyses for various countries.
Report's Study Period:
Historical period: 2018 – 2021
Base Year: 2022
Forecasting period: 2023 – 2028
Insights and Analysis of the Global Drug Screening Market for the Period 2023-2028:
The Global Drug Screening Market size was valued at USD 7.5 billion in 2022 and is projected to grow at a CAGR of around 11.33% during the forecast period, i.e., 2023-28. As substance abuse continues to be a prevailing concern, the demand for drug screening solutions and services has escalated. Stringent legislation regarding alcohol & drug testing is another crucial factor contributing to the market's growth. Governments & regulatory bodies worldwide have implemented strict policies mandating drug & alcohol testing in various sectors like transportation, healthcare, and workplaces, to ensure public safety and maintain a productive workforce.
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Global Drug Screening Market Dynamic:
Industry Driving Factor:
The Surge in Drug and Alcohol Consumption - According to the World Drug Report 2021 released by the United Nations Office on Drugs and Crime (UNODC) in 2022, there has been a significant 22% rise in the number of drug users worldwide. Similarly, The UNODC's findings in 2021 revealed that approximately 200 million individuals, accounting for 4% of the global population, were cannabis users. Moreover, the number of cannabis users witnessed an 18% increase. Additionally, around 20 million people, representing 0.4% of the global population, were reported to have consumed cocaine.
According to WHO, Cannabis continues to be the most prevalent illicit substance in the African Region, with West and Central Africa experiencing the highest rates of use and witnessing an alarming increase. Reported prevalence in this region ranges from 5.2% to 13.5%. As drug consumption continues to escalate among the population, the demand for drug screening services is projected to soar, subsequently fostering substantial market growth during the study period.
Segmentation Analysis of the Drug Screening Market for the Period 2023-2028:
Our team of analysts has carefully studied the market using various methods and calculations to create a detailed analysis. We've broken down the market into different sections and thoroughly examined each one. This in-depth exploration has helped us identify the standout performing segment in each section by closely examining various aspects of the market.
We have delved into the factors and trends driving increased activity in these specific segments. Additionally, we have identified the main market participants who are actively involved in these segments, giving us a complete understanding of their unique characteristics. Our study also includes a comprehensive view of the market's structural expansion, offering a clear framework to understand how it has evolved.
· By Product & Service
o Drug Screening Product
o Analytical Instruments
§ Breathalyzers
§ Immunoassay Analyzer
§ Chromatography Instruments
o Rapid Testing Devices
o Oral Fluid Testing Devices
o Consumables
§ Assay Kits
§ Sample Collection Devices
§ Calibrators & Controls
§ Other Consumables
o Drug Screening Service
· By Sample Type
o Urine Samples
o Breath Samples
o Oral Fluid Samples
o Hair Samples
o Others
· By End Users
o Drug Testing Laboratories
o Workplaces
o Criminal Justice & Law Enforcement Agencies
o Hospitals
o Drug Treatment Centers
o Individual Users
o Pain Management Centers
o Schools & Colleges
· By Region
o North America
o South America
o Europe
o The Middle East & Africa
o Asia-Pacific
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Leading Market Position in The Drug Screening Market
In analysing the Drug Screening Market, we conduct a thorough competitive benchmarking assessment involving key firms such as
· Labcorp
· Quest Diagnostics
· Abbott Laboratories
· Orasure Technologies
· Alfa Scientific Designs
· ThermoFisher Scientific
· Dragewerk
· Lifeloc Technologies
· MPD Inc.
· Omega Laboratories
· Premier Biotech
· Psychmedics
· Siemens Healthineers
· Shimadzu Corporation
· Hoffmann-La Roche Ltd
· Others
This evaluation entails a detailed review of each company's product value, capabilities, and notable attributes. Moreover, our study encompasses recent mergers, acquisitions, and product launches by these firms, aiming to offer stakeholders valuable insights into the prevailing market dynamics.
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Drug Screening Market Recent Development:
· In June 2023, Quest Diagnostics, Inc. (DGX) entered into a partnership with Coriell Life Sciences to offer pharmacogenomics testing services to specific members of medical plans. This test assesses the influence of various genes and their variations on how a person responds to medications.
The Drug Screening Market Research Report for 2023-28 addresses several key questions:
1. How will the growth rate of the Drug Screening market progress during the projected period?
2. What market factors will serve as the foundation for shaping client and business strategies?
3. Which factors are currently exerting influence, including increased demand and ongoing market advancements?
4. Among the studied market segments, which one’s present promising avenues for extended growth opportunities?
5. Which company currently holds the leading market position?
Other Reports –
2. https://uchatoo.com/read-blog/53202
3. https://www.rugbynflforum.com/read-blog/12922
4. https://www.mymeetbook.com/read-blog/45693
5. https://www.diccut.com/read-blog/9030
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