123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Business >> View Article

What Is The Market For Global Drug Screening?

Profile Picture
By Author: Johnny
Total Articles: 114
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

Drug screening tests analyze biological samples, including blood, hair, and urine. Diagnosing substance abuse or the presence of metabolites in the patient's body.

The global drug screening market is projected to reach USD 11.6 billion by 2026, from USD 5.3 billion in 2021, at a CAGR of 16.8% during the forecast period. The growth of this market is driven by increasing drug and alcohol consumption, stricter laws mandating drug and alcohol testing, and increasing regulatory approvals for drug screening products and services.

Recent Developments

In August 2021, Quest Diagnostics and Select Health of South Carolina entered into an agreement to expand Select Health’s laboratory network for its Medicaid and Medicare-Medicaid dual-eligible enrollees and to enhance access to diagnostics information services for members.
LabCorp Entered into a multi-year agreement with Infirmary Health (US) to offer laboratory testing services in the eastern Gulf Coast.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=162987773

Services segment is expected to grow at the highest ...
... CAGR during the forecast period.

The services segment accounted for the largest share of 57.4% of the drug screening market. This segment is also expected to register the highest CAGR during the forecast period, mainly due to the growing drug & alcohol consumption worldwide, funding initiatives for drug testing laboratories, service launches and regulatory approvals, and geographic expansion of drug testing laboratories.

Analytical instruments are expected to dominate the drug screening products market.

The analytical segment is expected to dominate the market with a share of 53.0%. The high growth in this segment is owing to their recurring requirement and repetitive usage.

Based on the sample type, the urine sample segment is accounted for the largest share of the drug screening market.

The urine sample segment is expected to account for the largest share of 61.5%. The high growth of this segment is attributed due to the benefits it offers such as easy collection method, high accuracy in the detection of multiple drugs, cost-effectiveness, and instant results.

North America to dominate the drug screening market.

North America is expected to dominate the market with a share of 48.2%, followed by Europe. The large share of this geographical segment is attributed to factors such as growing consumption of illicit drugs, the availability of government funding to curb drug abuse, laws supporting drug screening, the growing burden of accidents due to alcohol impairment, and the presence of key players in the region are driving the growth of the drug screening market in this region.

Key Market Players:

Abbott Laboratories (US), Thermo Fisher Scientific (US), Quest Diagnostics (US), Alfa Scientific Designs (US), Roche (Switzerland), OraSure Technologies (US), MPD Inc. (US), and Shimadzu (Japan).

Request for Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=162987773

LabCorp (US): LabCorp is a leading player in the US drug screening services market. The company’s leading position is attributed to its wide drug testing portfolio, including over 4,800 tests

Total Views: 216Word Count: 456See All articles From Author

Add Comment

Business Articles

1. Industrial Applications And Material Advantages Of Aluminium Sheets
Author: Inox Steel India

2. Safe, Lightweight Access Solutions: Frp Ladder Sale And Rental In Bhubaneswar
Author: Safex Scaffolding

3. Copper Wire, Cable Scrap, And Copper Mill Berry: A Seller's Guide For India
Author: Shri Sabhari

4. Special Effect Masterbatches Market In United States: Trends, Forecast And Competitive Analysis To 2035
Author: Lucintel LLC

5. Trodat 54045 Heavy Duty Custom Date Stamp 1-3/4 Diameter
Author: engineersealstamps

6. The Ultimate Guide To Industrial Bars And Valves For Modern Engineering Applications
Author: pipex.ai

7. Luxury Front Doors – Creating A Grand First Impression
Author: mike

8. Sheet: Types, Benefits, And Buying Guide For Industrial Applications
Author: Pipex.ai

9. Silicone Door Beading Manufacturers: Delivering Durable And High-performance Sealing Solutions
Author: armol polymers

10. Luxury Doors – Redefining Elegance And Functionality In Modern Architecture
Author: mike

11. Boats For Sale Near Me: What Local Suppliers Don't Tell You Before You Buy
Author: Devon Curran

12. Tile And Grout Cleaning Charlotte: What Restores What Regular Mopping Leaves Behind
Author: Charles Steven

13. Carpet Cleaning Charlotte: What Professional Cleaning Does That Regular Vacuuming Cannot
Author: Charles Steven

14. 5 Digital Innovations To Conquer Your Competition By 2023
Author: brainbell10

15. Temporary Pool Fencing Solutions For Safe Swimming Areas In Washington
Author: Alice Brin

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: