Global Drug Testing Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Drug Testing Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Drug testing includes different testing methods which are conducted to detect presence of drugs in the human body. These drugs are tested through blood, sweat, saliva, oral fluid and urine. Drug testing is done mainly for illegal drugs. Illegal drugs are non-prescribed drug which are banned by governments. These drugs are consumed for non-medicinal reasons which can affects mental and physical health of addicts.

Market Overview:

The latest research study on the global Drug Testing market finds that the global Drug Testing market reached a value of USD 4259.29 million in 2022. It’s expected that the market will achieve USD 6320.91 million by 2028, exhibiting a CAGR of 6.8% during the forecast period.

Limitations

With the proliferation of drug abuse worldwide, and government agencies targeting sports, schools, workplaces and others. In addition, leading manufacturers are focusing on technological advances in drug abuse testing devices that will help the market grow. However, Lack of awareness and perception of drug testing in some countries as a violation of privacy. This limits the growth of the global market
In addition, the specificity and accuracy of drug testing equipment is a major challenge for market participants.
With the development of the economy, people have higher demands on wages, which has led to an increase in labor prices in various regions of the world. the cost of manufacturers increases as labor costs increase.

Opportunities

With the prevalence of drug abuse, the drug testing market is expected to grow significantly in the forecasted future. The main factors of the growth of the drug testing market is the increase in personal drug abuse. In addition, the aging population, increased government funding for drug testing activities, increased awareness of drug testing in different sports areas, and strict laws and regulations implemented by governments around the world have contributed to the growth of the global drug testing market.
In addition, some new equipment, products and services may receive authoritative approvals and are expected to be implemented in corporate organizations and government agencies. This will bring huge market development opportunities to the development of the drug testing market.

Region Overview:

In 2022, the share of the Drug Testing market in North America stood at 52.84%.

Company Overview:

Alere Inc. is one of the major players operating in the Drug Testing market, holding a share of 19.1% in 2023.

Alere Inc.

Alere Inc. was a global manufacturer of rapid point-of-care diagnostic tests. The company was founded in 1991 and was headquartered in Waltham, Massachusetts.

Quest Diagnostics

Quest Diagnostics Incorporated provides diagnostic testing, information, and services. The Company operates a national network of full-service laboratories, rapid response laboratories, and patient service centers. Quest Diagnostics offers esoteric, routine medical, drugs of abuse, and non-hospital-based anatomic pathology testing services.

Segmentation Overview:

As for product types, the Urine segment held the largest market share in 2022.

Application Overview:

The market's largest segment by application is the segment Workplace and Schools, with a market share of 47.9% in 2022.

Key Companies in the global Drug Testing market covered in Chapter 3:

Alere Inc.
Express Diagnostics
Shimadzu
Laboratory Corporation
Thermo Fisher Scientific
Drägerwerk
Siemens Healthineers
Quest Diagnostics
Sonic Healthcare

In Chapter 4 and Chapter 14.2, on the basis of types, the Drug Testing market from 2018 to 2029 is primarily split into:

Blood
Urine
Saliva/Oral Swab
Sweat
Hair Follicle

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Drug Testing market from 2018 to 2029 covers:

Drug Testing Laboratories
Workplace and Schools
Criminal Justice System and Law Enforcement Agencies
Drug Treatment Centers
Hospitals

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)