Dublin, Sept. 03, 2024 (GLOBE NEWSWIRE) -- The "Drug Abuse Testing - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Drug Abuse Testing was estimated at US$63.9 Billion in 2023 and is projected to reach US$92.3 Billion by 2030, growing at a CAGR of 4.7% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. 
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Laboratory Services segment, which is expected to reach US$52 Billion by 2030 with a CAGR of 5.1%. The Testing Consumables segment is also set to grow at 3.4% CAGR for the next 8-year period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $17.2 Billion in 2023, and China, forecasted to grow at an impressive 7.8% CAGR to reach $20.4 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Drug Abuse Testing Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Drug Abuse Testing Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Drug Abuse Testing Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Abbott Laboratories, Baxter International, Inc., Bayer AG, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 42 Featured):
- Abbott Laboratories
- Baxter International, Inc.
- Bayer AG
- Becton, Dickinson and Company
- Boston Scientific Corporation
- GlaxoSmithKline PLC
- Johnson & Johnson
- Medtronic PLC
- Novartis AG
- Smith & Nephew PLC
Key Attributes
| Report Attribute | Details |
| No. of Pages | 173 |
| Forecast Period | 2023-2030 |
| Estimated Market Value (USD) in 2023 | $63.9 Billion |
| Forecasted Market Value (USD) by 2030 | $92.3 Billion |
| Compound Annual Growth Rate | 4.7% |
| Regions Covered | Global |
Key Topics Covered
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Drug Abuse Testing - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
- Global Economic Update
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Growing Incidence of Substance Abuse Drives Demand for Drug Abuse Testing Solutions
- Advances in Immunoassay and Chromatography Techniques Propel Growth in Drug Abuse Testing Market
- Increasing Focus on Workplace Safety and Compliance Strengthens Business Case for Drug Abuse Testing
- Rising Adoption of Drug Testing in Law Enforcement Expands Market Opportunities
- Growing Use of Drug Abuse Testing in Healthcare and Rehabilitation Centers Drives Market Demand
- Increasing Investments in Forensic Toxicology Propel Growth in Drug Abuse Testing Market
- Technological Innovations in Lab-on-a-Chip and Microfluidics Propel Adoption in Drug Abuse Testing
- Growing Applications of Drug Abuse Testing in Sports and Athletics Drive Market Expansion
- Advances in Home and At-Home Testing Kits Propel Growth in Consumer-Driven Drug Testing Solutions
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/d5kvc8
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