Covid-19 Impact on Drug Screening Market to Witness Steady Growth Through 2028
This strategic assessment report provides a comprehensive analysis that reflects today’s Drug Screening Market realities and future possibilities for the forecast period of 2022 to 2028.
Stratview Research announces the launch of a new research report on the Drug Screening Market is Segmented by Product & Services (Analytical Instruments, Rapid Testing Devices, Consumables, Drug Screening Services), by Sample Type (Urine Samples, Breath Samples, Oral Fluid Samples, Hair Samples, Other), by End User (Workplace, Criminal Justice Systems, and Law Enforcement Agencies, Drug Treatment Centers, Pain Management Centers, Drug Testing Laboratories, Others), and Region.
Report Features
The report delivers a detailed view of the industry based on global Drug Screening Market size, market growth, and opportunities. The report also analyses market key aspects such as-
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Covid-19 Impact analysis.
- Market environment analysis: Growth drivers and constraints, and SWOT analysis.
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
Highlights from the Report
The drug screening market was estimated at USD 5.24 billion in 2021 and is likely to grow at a CAGR of 16.74% during 2022-2028 to reach USD 15.52 billion in 2028.
What is drug screening?
Drug screening is defined as the process of collecting and analyzing blood, hair, urine, or saliva to detect the presence of contaminants and chemicals left in the body as a result of drug consumption. In this process, potential drugs are identified and optimized before selecting a candidate drug for a clinical trial. Drug screening is done in order to determine if a person is or has consumed drugs at a certain point in time.
COVID-19 IMPACT
The covid-19 outbreak affected the growth of the drug screening market for a short period of time due to disruption in business and economic activities across geographies. Postponement of non-essential medical services amid the covid-19 outbreak also affected the growth of the drug screening market. However, with the reopening of the economy, the market is likely to experience growth during the review period.
Market Dynamics
Increasing drug and alcohol testing measures in various countries to curb the menace of drug and alcohol abuse is likely to drive market growth significantly.
- The market growth is primarily driven by an increase in the consumption of drugs and alcohol across the geographies, particularly among the youth and elder population.
- The players operating in the market are emphasizing product innovation to strengthen their market presence and attain a competitive edge over other market players.
Regional Analysis:
The market in North America accounted for the largest share in 2021 due to the high consumption of drugs and alcohol. Additionally, supporting government measures to curb the use of drugs is likely to add significantly to the market growth. The market in Europe accounted for the second-largest market share in 2021.
According to the report, the key players in the market are –
- Alere Inc. (The U.S),
- Laboratory Corporation of America Holdings (The U.S),
- OraSure Technologies (The U.S),
- Quest Diagnostics (The U.S),
- Thermo Fisher Scientific (The U.S),
- Alfa Scientific Designs, Inc. (The U.S),
- MPD Inc. (The U.S),
- Lifeloc Technologies, Inc. (The U.S),
- Omega Laboratories Inc. (The U.S),
- Sciteck Diagnostics Inc (The U.S),
- ACM GLOBAL LABORATORIES (The U.S), and
- Carehealth America Corporation (The U.S).
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