Drug Screening Market: Key Success Factors, Growth Trends & Forecast 2021-2026

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The Drug Screening Market is estimated to grow from USD 4.4 billion in 2020 to USD 11.1 billion by 2026 at a healthy CAGR of 17% during the forecast period.

Market Insights

The Drug Screening Market is estimated to grow from USD 4.4 billion in 2020 to USD 11.1 billion by 2026 at a healthy CAGR of 17% during the forecast period.

Market Dynamics

Increasing drug and alcohol testing measures in various countries to curb the menace of drug and alcohol abuse is likely to drive the market growth significantly.

  • The global market growth is primarily driven by an increase in consumption of drugs and alcohol across the geographies particularly among the youth and elder population.
  • The players operating in the market are emphasizing product innovation to strengthen their market presence and attain a competitive edge over other market players.

Some key takeaways from this report –

The report offers key drivers that trigger the growth in the Drug Screening Market. The insights mentioned in this report helps market players in formulating strategies to gain market presence or to sustain during the hard times. The research also mentions restraints of the market. Critical data on growth opportunities, current and upcoming trends are mentioned to assist market players in taking further steps by determining the potential in untapped regions.

The research offers segment wise analysis of the Drug Screening Market. Extensive analysis of sales, revenue, growth rate, and market share of each for the historic period and the forecast period is offered with the help of tables, graphs, pie charts and more.

End User Trends

The workplace segment accounted for the largest market share in 2020.

Based on end user, the market has been divided into workplace, criminal justice systems and law enforcement agencies, drug treatment centers, pain management centers, drug testing laboratories and others. The segment growth can be attributed to rising safety concern for the staff.

Regional Trends

The market in North America accounted for the largest share in 2020 due to the high consumption of drugs and alcohol. Additionally, supporting government measures to curb the use of drugs is likely to add significantly to the market growth. The market in Europe accounted for the second-largest market share in 2020.

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Stratview Research is a global market research firm, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with insightful market data to aid strategic decision making. These exclusive reports are the result of exclusive research methodology and are available for key industries such as chemicals, composites, advanced materials, technology, renewable energy, and more.

 

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