The report predicts the global Drug Screening Market to grow with a CAGR of 9.5% over the forecast period from 2022-2031.
In terms of value, the drug and alcohol testing market is expected to reach $ 6.3 billion by 2031, with a CAGR of 9.5%. Markets are categorized based on products and services, sample types, end users, and regions. End users include workplaces and schools, law enforcement and criminal justice systems, hospitals, pain management centers, drug treatment centers, and drug testing laboratories. The criminal justice and law enforcement segment is expected to grow at the highest CAGR over the next five years. Growth in this segment will be driven by an increase in roadside accidents by DUI, government initiatives to curb DUI incidents, and government support for the criminal justice system in the form of funding.
The main factors contributing to the growth of the global drug and alcohol testing market are the growth and aging of the global population (leading to increased use of alcohol, prescription drugs and illegal drugs), and drug testing by the US federal government. There is a growing awareness of drug testing in developing countries. In addition, the enactment of strict laws by each country is a major factor driving the growth of the market. For example, from January 2014, the Federal Government of Brazil has required all professional drivers to pass a hair drug test when applying for or renewing their license. Such initiatives will drive the growth of the drug testing market in the region. Increased vehicle base in China and India (increased likelihood of road accidents due to DUI), increased drug addiction, development of advanced drug and alcohol screening equipment, increased awareness of the importance of drug and alcohol testing , Opened various opportunities in the drug and alcohol testing market. However, the ban on alcohol consumption in some Muslim-dominated countries is one of the factors restraining the growth of this market. In addition, in Canada and European countries, employees have the right to privacy and drug testing is considered an infringement of those rights. This could hinder the growth of this market in such countries
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Apart from comprehensive geographic and product analysis and market size, this report also provides a competitive environment that covers the growth strategies adopted by industry players over the last three years. In addition, the corporate profile includes basic views on key players in the drug and alcohol testing market, as well as product portfolios, developments, and strategies adopted by market players to maintain and expand market share in the near future. increase. The above market research data, current market size, and forecast of future trends are for key players and new entrants to invest in R & D for product delivery, geographical focus, strategic approach changes, product and technology innovation. , And help make the necessary decisions about production levels to stay successful
Reasons to buy a report:
This report enriches both existing and new entrants / small and medium-sized companies and measures market beating. Helps companies gain greater market share. Companies purchasing this report may use one or a combination of the following five strategies (market penetration, product development / innovation, market development, market diversification, competitive assessment) to enhance market share: This report provides
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insights on the following pointers:
- Market Penetration: Comprehensive information on the product portfolio of top players in the drug and alcohol testing market. This report analyzes this market by product and service, sample type, end user, and region.
- Product Development / Innovation: Details on upcoming technology, R & D activities, and new product launches in the drug and alcohol testing market. Insights
- Competitiveness Assessment: Detailed assessment of market strategies, geographic and business segments, and product portfolios of key players in the drug and alcohol testing market
- Market Development: Comprehensive information about profitable emerging markets. This report analyzes the markets for various drug and alcohol testing products by region.
- Market Diversification: Thorough market diversification: new products and services, undeveloped regions, recent developments, and investment in the drug and alcohol testing market.
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