Drug Screening market in terms of revenue was estimated to be worth $5.3 billion in 2021 and is poised to reach $11.6 billion by 2026, growing at a CAGR of 16.8% from 2021 to 2026 according to a latest report published by MarketsandMarkets™. Growth in this market is attributed to the growing drug & alcohol consumption and the enforcement of stringent laws mandating drug & alcohol testing, rising regulatory approvals for drug screening products & services. On the other hand, bans on alcohol consumption in Islamic countries and prohibitions on workplace drug testing in specific countries are some major factors that may hinder market growth.
Download an Illustrative overview: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=162987773
Drug Screening market major players covered in the report, such as:
Buy a Drug Screening Industry Report (223 Pages PDF with Insightful Charts, Tables, and Figures): https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=162987773
The study categorizes the Drug screening market into the following segments and subsegments:
By Product and Service
By Sample Type
By End User
By Region
Request for FREE Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=162987773
The key stakeholders in the Drug Screening market include:
These stakeholders collectively shape the drug screening market, influencing its development, adoption, and impact on public health and safety.
Recent Developments:
Frequently Asked Questions (FAQs) of Drug Screening Market:
Question1. What is the impact of COVID-19 on the drug screening market?Answer: The COVID-19 (coronavirus) outbreak has disrupted business and economic activities globally. It is expected to have a short-term impact on the Drug screening market to a certain extent.
Question 2. Who are the key players in the drug screening market?Answer: The prominent players operating in this market include LabCorp (US), Quest Diagnostics (US), Abbott Laboratories (US), OraSure Technologies (US), Alfa Scientific Designs (US), LifeLoc (US), Omega Laboratories (US), Premier Biotech (US).
Question 3: Which product and service segment dominates in the Drug screening market?Answer: Services segment expected to dominate the drug screening market, mainly due to the growing drug & alcohol consumption worldwide, funding initiatives for drug testing laboratories, service launches and regulatory approvals, and geographic expansion of drug testing laboratories.
Question 4: Which end user segment of the global drug screening market is expected to witness the highest growth?Answer: Drug Testing laboratories is expected to witness the highest growth.
Question 5: What is the market for drug screening?Answer: The global drug screening market is projected to reach USD 11.6 billion by 2026, from USD 5.3 billion in 2021, at a CAGR of 16.8% during the forecast period.
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=162987773
Report Objectives:
Media ContactCompany Name: MarketsandMarkets™ Research Private Ltd.Contact Person: Mr. Aashish MehraEmail: Send EmailPhone: 18886006441Address:630 Dundee Road Suite 430City: NorthbrookState: IL 60062Country: United StatesWebsite: https://www.marketsandmarkets.com/Market-Reports/drug-alcohol-screening-market-162987773.html