The lab services have increased in the last year due to the utmost pressure of COVID-19 throughout the world. The drug testing market is expected to boost the growth rate by almost 9% CAGR for the next 10 to 15 years.
The global drug testing market is expected to reach more than USD 5 billion by 2022, growing at a CAGR of ~9% over the forecast period 2022-2030. Drug tests analyze biological samples such as blood, hair, and urine. Detection of drug addiction or the presence of metabolites in the patient’s body. Drug tests are used to determine if a person was affected by a drug at a specific time. Drug testing equipment has been improved with the introduction of new technologies. It provides users with accurate and concise results.
Increasing alcohol consumption, prescription drug abuse, and drug and illicit drug use by men and women of all ages are the major drivers of the market. The global drug testing industry is segmented by equipment, service, sample type, end user, and region. On the basis of equipment and services, the market is segmented into safety testing, chromatography equipment, breath analyzers, breath analyzers, rapid testing, and urinalysis equipment. Respiratory analysis is subdivided into fuel cell respiration analysis, semiconductor respiration analysis and other instruments.
Major market players:
Quest Diagnostics Incorporated, Abbott Laboratories, Quidel Corporation, F. Hoffmann-La Roche, Thermo Fisher Scientific Inc., Siemens Healthineers, Bio-Rad Laboratories Inc., Agilent Technologies Inc., LabCorp, Dr√§gerwerk AG & CO. KGaA, Clinical Reference Laboratory (CRL) Inc., Cordant Health Solutions, Legacy Medical Services LLC, Omega Laboratories Inc.
Rapid Test Equipment (RTD) is subdivided into urine test equipment and oral/saliva test equipment. Urinalysis equipment is divided into urine test cups, swallow cards and strips based on consumer test kits, sample collection tubes, calibrators, controls and other consumables. Lab Services has a large market share in this region. Sample types are divided into urine samples, breath samples, mouthwash samples, hair samples and other samples (blood and sweat). Urine samples are common and occupy most of the room. According to end users, this segment is divided into workplaces and schools, drug testing laboratories, criminal justice and law enforcement agencies, hospitals, drug treatment centers, pain treatment centers and individuals.
This study provides a detailed analysis of the global market from 2016 to 2023 as well as current trends and forecasts for future investment pockets, market drivers and growth. Provides comprehensive factor analysis. The revised market scenario describes key players and strategies for understanding the potential of the competitive market as opportunities increase and key companies impacting this market are identified both globally and regionally.
By Product & Service: Equipment, Safety Analyzers, Chromatography Equipment, Breath Analyzers, Liquid Fuel Cell Testers, Liquid Testers, Liquid Testers, Breath Analyzers, Rapid Testers, Equipment for End User Urine Testing (Blood and Sweat, sample): workplace, school, laboratory medical examinations, criminal justice and law enforcement services, hospitals, drug addiction treatment centers, pain, individual consumers.
Main market regions:
The study on Drug testing market was global in nature and conducted in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa). In addition, areas like Market size, Y-O-Y growth & Opportunity Analysis, market players competitive study, investment opportunities, demand for future outlook etc. have been covered and displayed in the Global Drug testing market research report to ensure it dives deep to achieve strategic competitive intelligence in the segment.