Drug Screening Market to Perceive Excellent CAGR of 17.3% by 2029, Emerging Trends, Development Status and Revenue
Drug Screening Market report gives an edge to compete and to outdo the competition. By understanding client’s requirements precisely, this report brings together business and product information for the sustainable growth in the market. A team of multi-lingual analysts and project managers is right there who are skilled to serve clients on every strategic aspect including product development, key areas of development, application modelling, use of technologies, the acquisition strategies, exploring niche growth opportunities and new markets. The large scale Drug Screening Market research report estimates the growth rate and the market value based on market dynamics and growth inducing factors.
Global drug screening market was valued at USD 5.3 billion in 2021 and is expected to reach USD 18.99 billion by 2029, registering a CAGR of 17.3% during the forecast period of 2022-2029. The “urine” accounts for the largest sample type segment in the drug screening market within the forecasted period owing to the benefits it offers such as cost-effectiveness, high detection accuracy of multiple drugs and instant results. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Drug screening test basically analyses biological samples including blood, hair and urine; to diagnose the presence of drug abuse or its metabolites in patient’s body. Drug screening tests are used to determine whether or not a person is or was under the influence of drugs at any given time. Due to the introduction of new technology, providing users with precise and accurate results.
Some of the major players operating in the drug screening market are LabCorp (US), Quest Diagnostics (US), Abbott (US), Thermo Fisher Scientific, Inc. (US), Alfa Scientific Designs, Inc. (US), OraSure Technologies, Inc. (US), Siemens (Germany), F. Hoffmann-La Roche Ltd (Switzerland), MPD Inc. (US), Shimadzu Corporation (Japan), Lifeloc Technologies, Inc. (US), Drägerwerk AG & Co. KGaA (Germany), Premier Biotech, Inc. (US), Omega Laboratories, Inc. (US), Psychemedics Corporation (US), Clinical Reference Laboratory Inc., (US), American Bio Medica Corporation (US), ACM Global Laboratories (US), Sciteck, Inc. (US), Synens SAS (France), Intoximeters (US), AccuSource Inc., (US), Cordant Health Solutions (US), and Millennium Health (US) among others.
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.
Global Drug Screening Market Scope
The 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
On the basis of product and services, the drug screening market is segmented into equipment, rapid testing devices (RTD), consumables and laboratory services. Equipment is further sub segmented into immunoassay analyzers, chromatography instruments, and breath analyzers. Breath analyzers is further sub segmented into semiconductor breath analyzers and fuel cell analyzers. Rapid testing devices (RTD) is further sub segmented into oral fluid testing devices and urine testing devices. Consumables is further sub segmented into assay kits, calibrators and controls, and sample collection cups.
Sample Type
· Oral Fluid or Saliva
· Breath
· Hair
· Urine
· Other Samples
On the basis of sample type, the drug screening market is segmented into oral fluid or saliva, breath, hair, urine and other samples. Urine sample is projected to dominate the market owing to the benefits it offers such as cost-effectiveness, high detection accuracy of multiple drugs and instant results.
End User
· Workplace and Schools
· Criminal Justice Systems and Law Enforcement Agencies
· Drug Testing Laboratories
· Drug Treatment Centers
· Hospitals
· Personal Users
· Pain Management Centers
On the basis of end user, the drug screening market is bifurcated into workplace and schools, criminal justice systems and law enforcement agencies, drug testing laboratories, drug treatment centers, hospitals, personal users and pain management centers.
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It's in your best interest to take this report into consideration because:
· Strong and extensive research methods were used to construct this study. The thoroughness and precision of the market reports produced by Data Bridge Market Research have earned them a great reputation.
· A complete picture of the competitive scenario of the Drug Screening market is depicted by this report.
· The wide range of research on how these innovations may affect market expansion in the future.
· The report's findings are presented in an approachable format, with accompanying visuals (such as histograms, bar graphs, pie charts, etc.) that make the data readily digestible.
· The potential, threats, and difficulties in the Drug Screening market, as well as the factors driving and restraining it, are discussed at length.
· It gives an all-encompassing evaluation of the anticipated conduct of the future market and the changing market condition.
· This study provides a number of strategic business approaches to assist you in making educated business decisions.
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