Drug Screening Market Future Growth, High Demand, Recent Trends, Industry Analysis, and Outlook 2027

September 3, 2021

This comprehensive study provides various aspects of business such as important definition, end use and total revenue generated across various regions. The study is a professional probe into the revenue generated and capacity estimates for the Drug Screening Market for the forecast period 2020 – 2027 empower the business owners to maintain a competitive edge over their rivals. The research further examines and provides data on the market by type, application and geography interspersed with illustrations and other graphical representations. The market analysis not only determines the attractiveness of the industry but also the evolving challenges and opportunities and their association with the weaknesses and strengths of prominent market leaders. Other factors taken into consideration when studying the industry include profitability, manufacturing capability, distribution channels and industry cost structure and major success factors.

The global drug screening market was valued at USD 3.83 Billion in 2019 and is projected to reach USD 13.56 Billion by 2027, at a CAGR of 17.1% during the forecast period. Upsurge in consumption of illegal substances and alcohol and implementation of stringent regulations in developing as well as developed regions are propelling the drug screening market. The drug screening process has become quite common at airports and railway stations to ensure the safety of the local population.

The latest market study, Drug Screening Market blends in qualitative and quantitative research techniques to present vital data on the competitive landscape for the period of 2020 – 2027.This research allows the business owners/individuals/ stakeholders to collect decisive information about market segmentation based on product category, usage and sale volume across the various geographical regions. Business stakeholders can prepare effective expansion plan by using the statistics on market share, size and the growth rate discussed in the report, for the forecast period of 2020 – 2027.Unmatched information on past, present and upcoming market trends covered in the study offer lucidity on the future projection of the industry.

Key Highlights of Report

In May 2020, Psychemedics Corporation launched a vaping panel to detect the use of nicotine, marijuana, and Cannabidiol (CBD). This test helps businesses and schools detect the presence of any drugs ingested by any means. It is specifically designed to combat the e-cigarette trend among youngsters.

Breathalyzers are used to estimate the content of alcohol from the breath. The product witnesses high demand as it is easy to acquire, it gives accurate results, and the test can be conducted from anywhere.

Breath samples have also been observed to offer various advantages for drug screening, as they are less intrusive, less invasive, and less time-consuming as compared to urine or blood samples

The workplace end-use segment held the largest market share in 2019, as several companies observe a strict random drug test policy to maintain a safe working environment and enhance productivity. Several professional sporting events also conduct drug screening to prevent cheating.

North America held the largest share of the global drug screening market in the year 2019. Increased incidence of drug abuse in the region and implementation of regulations permitting drug screening are likely to drive the market in North America during the forecast period.

Key market participants include Quest Diagnostics, LabCorp, Drägerwerk, Thermo Fisher Scientific, Alfa Scientific Designs, Omega Laboratories, Roche Diagnostics Limited, Siemens Healthineers, Premier Biotech, and Psychemedics

You Can Download Free Sample PDF Copy of Drug Screening Market at https://www.emergenresearch.com/request-sample/442

Regional Landscape

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Market Taxonomy:

Chapter 1: Methodology & Scope

Definition and forecast parameters
Methodology and forecast parameters
Data Sources

Chapter 2: Executive Summary

Business trends
Regional trends
Product trends
End-use trends

Chapter 3: Industry Insights

Industry segmentation
Industry landscape
Vendor matrix
Technological and innovation landscape

Chapter 4: Regional Landscape

Chapter 5: Company Profile

Business Overview
Financial Data
Product Landscape
Strategic Outlook

About Us:

At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.

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