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
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)
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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.
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