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™ , global 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%.Major Growth Drivers:Growth in this market is attributed to 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.On the other hand, bans on alcohol consumption in Islamic countries and the prohibition of drug testing at workplaces in certain regions are some major factors that may hinder the market growth.The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research.
This study involved four major activities in estimating the current size of the drug screening market.
Exhaustive secondary research was carried out to collect information on the market, its peer markets, and its parent market.Expected Revenue Growth:[192 Pages Report] The global 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%.COVID-19 impact on the drug screening marketCOVID-19 has resulted in significant disruptions to businesses and economic activities globally and is expected to have a short-term negative impact on the drug screening market due to limited or non-availability of medical facilities/treatment centers, harm reduction service providers, and the fear of infection transmission.
To reduce the strain on the healthcare system and decrease disease transmission, various governments worldwide provided guidelines to postpone or delay non-essential medical and surgical procedures.Browse in-depth TOC on “Drug Screening Market”192 – Tables35 – Figures192 – PagesDownload PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=162987773The rapid testing devices segment will witness the highest growth during the forecast period.Based on product, the drug screening market is segmented into analytical instruments, rapid testing devices, and consumables.
Rapid testing devices market is further subsegmented into urine testing devices and oral fluid testing devices.
The urine testing devices segment is expected to account for the largest market share in 2019.