Drug Screening Market worth $10.0 billion by 2025 - Exclusive Report by MarketsandMarkets

Nachrichtenquelle: PR Newswire (engl.)
02.12.2020, 15:30  |  141   |   |   

CHICAGO, Dec. 2, 2020 /PRNewswire/ -- According to the new market research report "Drug Screening Market by Product (Consumables, Urine testing devices, Analytical, Breathalyzer, Chromatography) & Services, Sample Type (Urine, Breath), End User (Workplace, Laboratories, Criminal Justice, Hospitals) - Global Forecast to 2025", published by MarketsandMarkets, the Drug Screening Market is projected to reach USD 10.0 billion by 2025 from USD 4.5 billion in 2020, at a CAGR of 17.3% during the forecast period.

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The rising drug & alcohol consumption, the enforcement of stringent laws mandating drug and alcohol testing, government funding in major markets, and regulatory approvals and product and service launches are the major factors driving the growth of this market.

Services segment expected to grow at the highest CAGR during the forecast period.

Based on service and product, the drug screening market is segmented into services and products. Services segment accounted for the largest share of the market in 2019. This segment is also expected to register the highest CAGR during the forecast period, mainly due to the growing drug and alcohol consumption worldwide, funding initiatives for drug testing laboratories, new service launches, and regulatory approvals, and geographic expansion of drug and alcohol testing laboratories.

Analytical instruments are expected to dominate the drug screening products market in 2019.

Based on the product, the drug screening market is segmented into analytical instruments, rapid testing devices, and consumables. In 2019, the analytical segment is expected to dominate the market. Growing alcohol consumption and drunken driving cases, stringent government laws mandating drug and alcohol testing, and technological advancements in this market are some of the key factors driving the growth of the analytical instruments market.

Based on the sample type, the oral fluid segment is projected to grow at the highest CAGR during the forecast period.

By sample type, drug screening market is segmented into urine, breath, oral fluid, hair, and other samples. Among these, the oral fluid segment is expected to register the highest CAGR during the forecast period. The high growth of this segment is attributed to the increasing preference for oral fluid samples because of the convenient collection method, no specific requirement for sample collection, and low risk of sample adulteration.

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Drug Screening Market worth $10.0 billion by 2025 - Exclusive Report by MarketsandMarkets CHICAGO, Dec. 2, 2020 /PRNewswire/ - According to the new market research report "Drug Screening Market by Product (Consumables, Urine testing devices, Analytical, Breathalyzer, Chromatography) & Services, Sample Type (Urine, Breath), End User …

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