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Nov 02, 2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Drug Screening/Testing Market.

It was estimated prior to this unanticipated outbreak that the Drug Screening/Testing  Market is estimated to grow at a Healthy CAGR during the forecast period.

This report, from Stratview Research, studies the clinical diagnostics market - drug screening/testing over the trend period of 2014 to 2017 and forecast period of 2018 to 2025. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

Highlights

In the developed markets such as the USA, the UK, Australia and others, drug tests are considered much more reliable and accurate than simple drug screens, although these tests are lot pricier i.e. ~ $200 and take a lot longer to perform i.e. around 1-7 days. However, these tests are far more in demand for pre-employment services, rehabilitation services, sports & training academy, defence departments and others.

The future of random and pre-employment drug and alcohol testing is expected to be enforced within all job activities at least in all the major markets across the globe. Recent trends in the industry indicate that it will be almost impossible for recreational drug users to get a job with small and larger companies especially in countries like the USA, Germany, the UK, France, GCC, Canada, etc. Enforcing drug testing at work is probably the single most effective weapon the market and the law makers are expecting to use against younger and adult substance abuse.

This report highlights the demand that is expected to come from different sectors in various regions in the next 5-7 years and which can help the manufactures of drug diagnostic kits and reagents and also the services sector to prioritize their marketing plans and product launches accordingly.

Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The Drug Screening/Testing  analysis report discusses the following heads in great detail:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• COVID-19 Impact Assessment
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors 

Know more about Stratview Research:

Stratview Research is a global market research company and is known to offer custom research reports in varied fields such as aerospace & Defense, Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas. Our team makes sure to have deep research about the topics so that the most useful insights can be delivered to the professionals.

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Direct: +1-313-307-4176

AUG 13,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Global Drug Screening Market.

The Global Drug Screening Market is estimated to grow from USD 4.4 billion in 2020 to USD 11.1 billion by 2026 at a healthy CAGR of 17% during the forecast period.

Drug screening is defined as the process of collecting and analysing blood, hair, urine, or saliva to detect the presence of contaminants and chemicals left in the body as a result of drug consumption. In this process, potential drugs are identified and optimized before selecting a candidate drug for a clinical trial. Drug screening is done in order to determine if a person is or has consumed drugs at a certain point of time.

Market Dynamics

Increasing drug and alcohol testing measures in various countries to curb the menace of drug and alcohol abuse is likely to drive the market growth significantly.

• The global market growth is primarily driven by an increase in consumption of drugs and alcohol across the geographies particularly among the youth and elder population.
• The players operating in the market are emphasizing product innovation to strengthen their market presence and attain a competitive edge over other market players.

Segment Analysis

End User Trends

The workplace segment accounted for the largest market share in 2020.

Based on end user, the market has been divided into workplace, criminal justice systems and law enforcement agencies, drug treatment centers, pain management centers, drug testing laboratories and others. The segment growth can be attributed to rising safety concern for the staff.

Regional Trends

The market in North America accounted for the largest share in 2020 due to the high consumption of drugs and alcohol. Additionally, supporting government measures to curb the use of drugs is likely to add significantly to the market growth. The market in Europe accounted for the second-largest market share in 2020.

Key Players:               

• Alere Inc. (The U.S),
• Laboratory Corporation of America Holdings (The U.S),
• OraSure Technologies (The U.S),
• Quest Diagnostics (The U.S),
• Thermo Fisher Scientific (The U.S),
• Alfa Scientific Designs, Inc. (The U.S),
• MPD Inc. (The U.S),
• Lifeloc Technologies, Inc. (The U.S),
• Omega Laboratories Inc. (The U.S),
• Sciteck Diagnostics Inc (The U.S),
• ACM GLOBAL LABORATORIES (The U.S), and
• Carehealth America Corporation (The U.S).

Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The Global Drug Screening Market analysis report discusses the following heads in great detail:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• COVID-19 Impact Assessment
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors