Therapeutic Drug Monitoring Market Size And Global Industry Forecast


Johnnyandrew

Uploaded on Sep 9, 2024

Browse 178 market data Tables and 50 Figures spread through 221 Pages and in-depth TOC on "Therapeutic Drug Monitoring Market by Product (Consumables, Equipment-Immunoassay Analyzers, Chromatography & MS Detectors, Clinical Chemistry Analyzers), Technology, Class of drugs, End user and Region - Global Forecast to 2027" View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/therapeutic-drug-monitoring-market-155350443.html

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Therapeutic Drug Monitoring Market Size And Global Industry Forecast

Drug Screening Market Global Forecast to 2029 Drug Screening Market is expected to reach $19.5 Billion by 2029 Growing at a CAGR of 16.6% (2024 – 2029) Request Sample DRUG SCREENING MARKET WORTH $19.5 BILLION BY 2029 MARKET CAGR of 16.8 TWO OF THE KEY OPPORTUNITY KEY MARKET 2024 – DRIVERS OF THE OVER NEXT 5 PLAYERS 2029 6  MARKET WILL BE:YEARS 19.5 Abbott Laboratories (US)Bn CAGR 4  Thermo Fisher Scientific  Growing drug and9.1 Bn (US) alcohol consumption 2  Quest Diagnostics (US) 0 2024 2029 North America to dominate the MARKET drug screening market SEGMENTATION BY EQUIPMENT  ServiCcAesT EsGegOmRYe:nt is expected to grow at the highest CAGR during the The rising drug & alcohol forecast period consumption, the  enforcement of stringent laws Based on the sample mandating drug and alcohol type, the urine sample segment is accounted for testing, government funding the largest share of the in major markets, and drug screening market. regulatory approvals and product and service launches are the major factors driving the growth of this market. Drug Screening Market worth $19.5 billion by 2029 The report "Drug Screening Market by Product (Rapid Testing (Urine, Oral), Analytical (Breathalyzer, Immunoassay, Chromatography)), Sample (Urine, Breath, Hair), Drug (Alcohol, Cannabis, Opioids), End User (Workplace, Hospital, Law) - Global Forecast to 2029", is projected to reach USD 19.5 billion by 2029, from USD 9.1 billion in 2024, at a CAGR of 16.6%. Factors such as mounting drug & alcohol consumption, enforcement of stringent laws mandating drug and alcohol testing, increasing government funding in major markets, and rising regulatory approvals and service and product launches are the some of the factors driving the growth of this market. Browse 740 market data Tables and 62 Figures spread through 504 Pages and in-depth TOC on "Drug Screening Market by Product (Rapid Testing (Urine, Oral), Analytical (Breathalyzer, Immunoassay, Chromatography)), Sample (Urine, Breath, Hair), Drug (Alcohol, Cannabis, Opioids), End User (Workplace, Hospital, Law) - Global Forecast to 2029" Drug Screening Market worth $19.5 billion by 2029 Services segment is expected to grow at the highest CAGR during the forecast period. Based on service and product, the drug screening market is segmented into services and products. The services segment account ed 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 . Based on the product, the drug screening market is segmented into analytical instruments, rapid testing devices, and consumables. 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. Drug Screening Market worth $19.5 billion by 2029 Based on the sample type, the urine sample segment is accounted for the largest share of the drug screening market. By sample type, drug screening market is segmented into urine, breath, oral fluid, hair, and other samples. Among these, 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 . In 2020, 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. Drug Screening Market worth $19.5 billion by 2029 The drug screening market is highly competitive with the presence of several small and big players. Some of the players offer ing products for drug screening market include 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). Don’t miss out on business opportunities in Drug Screening Market. Speak to our analyst and gain crucial industry insights that will help your business grow. About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. 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