MarkNtel Advisors, a leading market research firm, has showed its latest study titled "Drug Screening Market", offering a detailed industry overview and market perspective. This comprehensive research provides insights into the current state of the market, highlighting recent advancements and emerging trends.
The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.
Analysis and Insights into the Drug Screening Market: 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.
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What are the primary factors driving the growth of the Drug Screening market?
Global Drug Screening Market Driver 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.
Drug Screening Market Segmentation:
The Drug Screening market is categorized in to different segments. Analyzing growth across these segments enables a comprehensive understanding of key growth areas within the industry. This segmentation provides valuable market insights, empowering stakeholders to make strategic decisions and identify primary market applications effectively.
By Product & Service
-Drug Screening Product
-Analytical Instruments
--Breathalyzers
--Immunoassay Analyzer
--Chromatography Instruments
-Rapid Testing Devices
-Oral Fluid Testing Devices
-Consumables
--Assay Kits
--Sample Collection Devices
--Calibrators & Controls
--Other Consumables
-Drug Screening Service
By Sample Type
-Urine Samples
-Breath Samples
-Oral Fluid Samples
-Hair Samples
-Others
- Of them all, the drug screening market size for urine samples is projected to significantly expand during 2023-28 due to the rising demand for drug testing across different sectors, including workplaces, sports, & law enforcement.
By End Users
-Drug Testing Laboratories
-Workplaces
-Criminal Justice & Law Enforcement Agencies
-Hospitals
-Drug Treatment Centers
-Individual Users
-Pain Management Centers
-Schools & Colleges
Geographical Analysis into the Drug Screening Market:
- North America: US, Canada, Mexico
- Europe: Germany, The UK, France, Spain, Italy, Rest of Europe
- Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, South Africa, Rest of MEA
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Competitive Landscape and Drug Screening Market Share Analysis:
The competitive landscape of the Drug Screening market includes comprehensive details about competitors. These details encompass company overviews, financial performance, revenue generation, market potential, investments in research and development, new market strategies, production facilities, strengths and weaknesses, product launches, ongoing trials, approvals, patents, product range, dominant applications, and technology life cycle.
The report features major players including:
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
Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address.
Questions Addressed in this Study
- What factors are driving the Drug Screening Market growth?
- How is the Drug Screening Market expected to grow over the next five years?
- What are the key insights into the current trends in the Drug Screening Market?
- What is the current size of the Drug Screening Market, and how is it projected to change in the future?
- What is the future outlook for the Drug Screening Market in terms of technological advancements and market expansion?
Why choose MarkNtel?
MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 14.8 diverse industrial verticals.
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