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Drug Screening Market to Reach Higher by 2027, Globally

Author : univdatos
Publish Date : 2021-10-22 11:39:59
Drug Screening Market to Reach Higher by 2027, Globally

A comprehensive overview of the Drug Screening market is recently added by UnivDatos Market Insights to its humongous database. The drug screening market report has been aggregated by collecting informative data of various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Drug Screening market. The Drug Screening market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the Drug Screening market at the global and regional levels. The Global Drug Screening Market is expected to grow Higher by 2027.

Market Overview

Increasing consumption of alco-hol is anticipated to propel the demand for Drug Screening in the forthcoming years. Alco-hol consumption in India amounted to about 5.4 billion liters in 2016 and was estimated to reach about 6.5 billion liters in 2020. The steady increase in consuming these beverages can be attributed to multiple factors including the rising levels of disposable income and a growing urban population, among others.

Furthermore, the increased alco-holic consumption among the younger age group has also been boosting the market drug screening market. According to the 2019 NSDUH, an estimated 414,000 adolescents ages 12 to 17 (1.7% of this age group) had AUD. This number includes 163,000 males (1.3% of males in this age group) and 251,000 females7 (2.1% of females in this age group). Similarly, according to a study, over 88% of Indians aged under 25 purchase or consume alco-holic beverages even though it is illegal. As per the Australia Institute of Health and Welfare, in 2018, young adults aged 18–24 were the most likely of all age groups to exceed single occasion risk guidelines at least monthly (41%), compared with 25% of people aged 14 and over, in Australia as well.

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COVID-19 Impact

The COVID19 has resulted in a profound re-evaluation of the advantages and costs of Drug Screening. The COVID-19 pandemic has disrupted health systems worldwide. This has had a profound impact on drug screening tests. Due to limited or non-availability of medical facilities/treatment centers, harm reduction service providers, and the fear of infection transmission, it has caused significant disruptions to businesses and economic activities around the world, and it is expected to have a short-term negative impact on the drug screening market. A recent survey performed by the Current Consulting Group (CCG) in 2021, found that since the start of the pandemic, 21% of employers have reported a drop of 61% or more in the number of drug tests that they perform on employees in the US states. Restrictions and lockdowns were also imposed in travel, business operations, public gatherings, and shelter-in-place orders, all of which have further impacted market growth. For instance, in 2020 after the COVID-19 outbreak worldwide, sixty-eight countries had limited the export of their protective equipment supplies to other countries further breaking down the distribution networks of the international supply chain.

However, government associations have been working on increasing adoption for fingerprint drug screening because of its multiple advantages such as efficiency, non-invasiveness, low cost, accuracy and hygienic. For instance, Intelligent Fingerprinting launched fingerprint drug screening kits and devices such as: Intelligent Fingerprinting DSR-Plus, Intelligent Fingerprinting Drug Screening Cartridges; etc.

Global Drug Screening Market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

By Product and Services, the market is primarily bifurcated into

  • Drug Screening Products
  • Analytical Instruments
    • Immunoassay Analyzers
    • Chromatography Instruments
    • Breathalyzers
  • Rapid Testing Devices
    • Urine Testing Devices
    • Oral Fluid Testing Devices
  • Consumables
  • Assay Kits
  • Sample Collection Tubes
  • Calibrators & Controls
  • Other Consumables
  • Drug Screening Services

The drug screening products segment dominated the by product and services of the global Drug Screening market and will row at X% CAGR to reach US$ X billion by the year 2027.

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By Sample, the market is primarily segmented into

  • Urine Samples
  • Oral Fluid Samples
  • Breath Samples
  • Hair Samples
  • Other Samples

Amongst the sample, urine samples accounted for the largest share in 2020 and is expected to grow at X% CAGR during the forecast period 2021-2027.

By End-Users, the market is primarily bifurcated into

  • Workplaces
  • Drug Testing Laboratories
  • Criminal Justice Systems & Law Enforcement Agencies
  • Hospitals
  • Drug Treatment Centers
  • Individual Users
  • Pain Management Centers
  • Schools & Colleges

The workplace segment is dominated by end-users of the global Drug Screening market and will row at X% CAGR to reach US$ X billion by the year 2027.

Drug Screening Market Geographical Segmentation Includes:

  • North America (United States, Canada, and Rest of North America)
  • Europe (Germany, United Kingdom, Italy, France, Spain, and Rest of Europe)
  • Asia-Pacific (China, Japan, India, Australia, and Rest of Asia-Pacific)
  • Rest of the World

Based on the estimation, the North America region dominated the Drug Screening market with almost US$ X billion in revenue in 2020 on account of the of rising consumption of illicit drugs, availability of government funding to curb drug abuse, and the presence of laws supporting drug screening.

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The major players targeting the market includes

  • Siemens
  • Thermo Fisher
  • LabCorp
  • Alere
  • Omega Laboratories
  • Roche
  • OraSure
  • Biomedical Diagnostics
  • Quest Diagnostics
  • Laboratory Corporation of America Holdings

Competitive Landscape

The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Drug Screening market. The major players have been analyzed by using research methodologies for getting insight views on global competition.

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Key questions resolved through this analytical market research report include:

  • What are the latest trends, new patterns, and technological advancements in the Drug Screening market?
  • Which factors are influencing the Drug Screening market over the forecast period?
  • What are the global challenges, threats, and risks in the Drug Screening market?
  • Which factors are propelling and restraining the Drug Screening market?
  • What are the demanding global regions of the Drug Screening market?
  • What will be the global market size in the upcoming years?
  • What are the crucial market acquisition strategies and policies applied by global companies?

We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature and geography. Please let us know If you have any custom needs.

Final Report will add the analysis of the impact of COVID-19 on this industry.”

In the highly import dependent Indian medical devices market, a large number of indigenous manufacturers of syringes & needles have managed to come up. However, it does not mean that imports are low for this market. Imports, as in the case with other medical devices, are quite high but the domestic manufacturers have been able to tap foreign markets through increasing exports. The target base of consumers is growing steadily which is expected to significantly boost sales in the market.

The report provides a snapshot of the syringes & needles market. It begins with the introduction section which mentions the features and uses of syringes & needles along with a brief description of the various phases in their development. The market overview section provides an insight into the market and highlights the market size. Import and export figures for syringes & needles, both in terms of volume and value have been provided in the next section. It also includes the regional break-up of the imports and exports.

An analysis of the drivers explains the factors leading to the growth of the market which include increasing need of insulin doses, increasing demand for vaccines, improving health infrastructure, growing incidence of diseases, changing demographics and health check-up packages. Some of the major challenges to the market are illegal recycling of syringes & needles and problems associated with usage. Government legislation in the market has been discussed in the next section.

The competition section highlights the features of the major players operating in the market. A brief profile of the major domestic and foreign players in the market along with their financials has been included in this section.

A section providing strategic recommendations has been given at the end of the report which gives effective solutions to existing and potential players for improving market share and increasing profitability. The Market report answers the following questions:

What is the aim of the report?

  • The market report presents the estimated market size of Drug Screening market by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
  • Based on various indicators, the Year on Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
  • An overview of the Market based on geographical scope, market segmentation and financial performance of key players is presented in the report.
  • The report presents current trends in the industry and future scope of the Market in North America, Asia Pacific, Europe, Latin America and Middle East and Africa.
  • The various parameters accelerating the growth of Market are incorporated in the research report.

Category : business

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