Dublin, Feb. 23, 2022 (GLOBE NEWSWIRE) -- The "Drug Screening Market by Product (Consumables, Urine Testing Devices, Analytical, Breathalyzer, Chromatography, Immunoassay) & Services, Sample Type (Urine, Breath), End User (Workplace, Laboratories, Criminal Justice, Hospitals) - Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.
The global drug screening market is projected to reach USD 11.6 billion by 2026, from USD 5.3 billion in 2021, at a CAGR of 16.8% during the forecast period.
Market growth can be largely attributed to the growing drug & alcohol consumption and the enforcement of stringent laws mandating drug & alcohol testing, rising regulatory approvals for drug screening products & services. On the other hand, bans on alcohol consumption in Islamic countries and prohibitions on workplace drug testing in specific countries may hinder the growth of this market to a certain extent.
Drug screening services are expected to grow at the highest CAGR during the forecast period
Drug screening market is segmented into products and services. In 2020,the services segment is expected to hold the largest share 57.4% of the drug screening market, growth in this segment is attributed to factors such growing drug & alcohol consumption worldwide, funding initiatives for drug testing laboratories, service launches and regulatory approvals, and geographic expansion of drug testing laboratories.
By sample type, urine samples are expected to dominate the market during the forecast period
The drug screening market is segmented into urine, breath, hair, oral, and other samples on the basis of sample type. The urine sample segment is expected to hold the largest share 61.5% of the drug screening market in 2020 due to the benefits it offers such as easy collection method, high accuracy in the detection of multiple drugs, cost-effectiveness, and instant results.
Key Highlights
- Drug Screening Services Market to Record the Highest CAGR During the Forecast Period
- Analytical Instruments Segment to Dominate the Drug Screening Products Market, 2021-2026 (USD Million)
- Drug Testing Laboratories are Expected to Account for the Largest Share of the End-User Market During the Forecast Period (USD Million)
- Geographic Snapshot of the Drug Screening Market
Premium Insights
- Growing Consumption of Illicit Drugs and Alcohol to Drive Market Growth
- Services Segment to Register the Highest CAGR During the Forecast Period (USD Million)
- Drug Screening Market, by Sample Type - Oral Fluid Samples Segment to Grow at the Highest CAGR During the Forecast Period (USD Million)
- India to Witness the Highest Growth Rate in the Drug Screening Market During the Forecast Period
Market Dynamics
Drivers
- Growing Drug & Alcohol Consumption
- Enforcement of Stringent Laws Mandating Drug & Alcohol Testing
- Rising Regulatory Approvals for Drug Screening Products & Services
Restraints
- Ban on Alcohol Consumption in Several Islamic Countries
- Prohibition on Workplace Drug Testing in Specific Countries
Opportunities
- Oral Fluid Testing
- Fingerprint-Based Drug Testing
- Emerging Economies
Challenges
- Accuracy and Specificity Concerns Related to Breathalyzers
Companies Mentioned
- Labcorp
- Quest Diagnostics
- Abbott Laboratories
- Orasure Technologies
- Alfa Scientific Designs
- Thermo Fisher Scientific
- Dragerwerk
- Lifeloc Technologies
- Mpd Inc.
- Omega Laboratories
- Premier Biotech
- Psychemedics
- Roche
- Shimadzu
- Siemens Healthineers
- American Bio Medica Corporation
- Acm Global Laboratories
- Carehealth America Corp
- Clinical Reference Laboratory
- Intoximeters
- Sciteck, Inc.
- Accusource
- Cordant Health Solutions
- Synens
- Millennium Health
For more information about this report visit https://www.researchandmarkets.com/r/99ynqa
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