“Global Drug Screening Laboratory Services Market” report contains detailed information on factors influencing demand, growth, opportunities, challenges, and restraints. It provides detailed information about the structure and prospects for global and regional industries. In addition, the report includes data on research & development, new product launches, product responses from the global and local markets by leading players. The structured analysis offers a graphical representation and a diagrammatic breakdown of the Drug Screening Laboratory Services Market by region.
Global Drug Screening Laboratory Services Market is valued approximately at USD 6.7 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 9.4% over the forecast period 2020-2027.
Request To Download Sample of This Strategic Report: –https://reportocean.us/sample-request/report_id/BIZWIT733
Drug screening tests are usually used to detect biological samples, such as blood, hair, & urine, to examine substance obsession or its metabolites in the patient’s body. In general, drug screening tests are used to assess a person’s addiction to drugs at a specific point in time. These tests are performed at hospitals, on trained athletes, at place of employment, school, and post-accident. Drug screening is a rapid & painless analysis and is considered as a vital part of enduring treatment and diagnosis. The drug screening device further improve the execution of evolving technologies that provide precise and reliable results for individuals These screening tests are increasingly used by employers to maintain a clean, safe, and healthy personnel, which aids to increase productivity and an appropriate work environment. An increase in consumption of drugs and alcohol among youth and elderly population, overconsumption of prescribed drugs, and the implementation of stringent laws mandating for alcohol & drug testing are the few factors responsible for the CAGR of the market during the forecast period.
According to the World Drug Report released by UNODC (United Nations Office on Drugs and Crime), in 2019, around 35 million people were suffered from drug use disorders across the globe, while only 1 in 7 individuals receive proper diagnosis & treatment. Likewise, as per the World Drug Report 2017, the UNODC estimated that around 29.5 million people were affected by drug use disorders all over the world. This, in turn, is anticipated to accelerate the demand for drug screening laboratory services thereby, making a significant impact on the market growth in the forecast years. However, the prohibition of workplace drug testing in some countries and lower demand across underdeveloped countries are the major factors restraining the market growth over the forecast period of 2020-2027.
The regional analysis of the global Drug Screening Laboratory Services market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the rise in consumption of alcohol and illicit drugs at the workplace, increasing government funding for drug testing, and the presence of a significant number of manufacturers in the region. Whereas Europe is anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027. Factors such as a surge in the prevalence of drug abuse & drug addiction, along with the rise in healthcare reforms would create lucrative growth prospects for the Drug Screening Laboratory Services market across the European region.
Major market player included in this report are:
Abbott Laboratories
Quest Diagnostics Incorporated.
Clinical Reference Laboratory, Inc
Laboratory Corporation of America Holdings
Sterling Healthcare Opco LLC,
Cordant Health Solutions
ACM Global Laboratories, Inc.
Omega Laboratories
Millennium Health LLC
Mayo Foundation
Download Sample of This Strategic Report: –https://reportocean.us/sample-request/report_id/BIZWIT733
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Service Type:
Workplace Drug Testing
Clinical Toxicology
By Sample Type:
Urine Sample
Oral Fluid Sample
Hair Sample
Others
By End-User:
Hospital Laboratories
Clinical Laboratories
Others
By Region:
North America: U.S., Canada
Europe: UK, Germany, France, Spain, Italy, Rest of Europe (ROE)
Asia Pacific: China, India, Japan, Australia, South Korea, Rest of Asia Pacific (RoAPAC)
Latin America: Brazil, Mexico, Rest of Latin America (RoLA)
Rest of the World
Request Free Sample Report (Exclusive Offer on this report): –https://reportocean.us/sample-request/report_id/BIZWIT733
Report Overview:
This research offers a comprehensive exploration of the emerging trends poised to shape the future business landscape. It delves deep into the pivotal factors driving the growth of the Drug Screening Laboratory Services market over the projected period. Furthermore, the report sheds light on strategic initiatives undertaken by leading industry players to fortify their market positions.
Market Dynamics:
Encompassing a global perspective, this study presents insights into the influential entities within the worldwide Drug Screening Laboratory Services market. It encompasses contact details, sales figures, and global market estimates. The research draws from reputable sources and institutions, aggregating a wealth of information and insightful analysis pertaining to the global Drug Screening Laboratory Services market.
Marketing Insights:
The study furnishes essential facts and statistics relevant for marketers, consultants, and decision-makers navigating the global Drug Screening Laboratory Services market landscape. With comprehensive regional breakdowns, this research offers a vital resource for newcomers venturing into the global Drug Screening Laboratory Services market. It encapsulates indispensable insights extracted from the Drug Screening Laboratory Services Market domain, facilitating informed decision-making processes.
This report covers several key questions related to the global Drug Screening Laboratory Services market, including:
- What can be expected for the Drug Screening Laboratory Services market in the next decade?
- What are the primary drivers of growth in the global Drug Screening Laboratory Services market?
- Which technologies are likely to experience the most rapid growth, both by market and region?
- How do opportunities within the Drug Screening Laboratory Services market vary based on the size of the end market?
- What is the breakdown of Drug Screening Laboratory Services by type and application?
- How have recent events such as the COVID-19 pandemic and the Russia-Ukraine conflict impacted the Drug Screening Laboratory Services market?
Our most recent research report showcases the thriving expansion of the global Drug Screening Laboratory Services Market and offers in-depth insights into the projected market size, share, and revenue until 2031.
Request Full Report –https://reportocean.us/sample-request/report_id/BIZWIT733
About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean believes in providing quality reports to clients to meet the top line and bottom-line goals which will boost your market share in today’s competitive environment. Report Ocean is a ‘one-stop solution’ for individuals, organizations, and industries that are looking for innovative market research reports.
Get in Touch with Us:
Report Ocean:
Email: sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 – UNITED STATES
Tel:+1 888 212 3539 (US – TOLL FREE)
Website: https://reportocean.us/