Global Drug Screening Market to Witness Rapid Growth in Coming Years – Projected to Reach Worth USD 14.14 Billion in 2027
Published | 23 June 2021
A recent study conducted by the strategic consulting and market
research firm BlueWeave Consulting revealed that the global drug
screening market was worth USD 4.47 Billion in the year 2020 and
anticipated to grow at a CAGR of 18.6% during 2021-2027 (forecast period). Concerns
about growing alcohol and drug abuse cases around the world have contributed to
the market's growth. The drug screening market has also grown in
popularity due to increased demand from institutions such as workplaces,
schools, and the sports industry. Drug testing is performed to screen athletes
for drug misuse. It is also used for screening employers before hiring or
random inspection. Rising public awareness about the dangers of drug usage, as
well as government funding for drug screening programs, have all contributed to
the market's growth.
The
drug screening market has also grown as a result of new and diverse drug
screening applications, as well as creative product developments. This has
resulted in better services for customers, such as faster and more accurate
results. However, the ongoing controversy over invasion of privacy as a result
of drug screening has reduced market demand. The banning of alcohol consumption
in many Islamic countries has also affected the geographical expansion of the
drug and screening market across the globe. The drawback of the breathalyzer
test's inefficiency has also resulted in a reduction in drug and screening
market growth.
Innovative
Products Expanding Market Opportunities
The
drug screening industry is experiencing a surge in demand as a result of the
availability of novel goods, which has enhanced consumer satisfaction. For
example, the innovative organ-on-a-chip system has revolutionized the drug
screening process and is also aiding in clinical studies. It is a microfluidic
chip that can stimulate any organ like the liver, gut, and even tumors on a
chip. Fingerprint-based testing has also emerged as a novel breakthrough in this
market and has gained prominence throughout the pandemic. Fingerprint-based
testing is highly preferred as they are non-invasive, hygienic, facilitates social
distancing, and requires no specific preparation for sample collection. The
growing opportunities offered by such innovations are likely to replace urine, hair,
and blood samples in the future.
Concern
Over Substance Abuse Creating Driving Demand
The
rate of increased drug and alcohol consumption all over the globe is an
alarming issue. According to the American Academy of Child & Adolescent
Psychiatry, alcohol and drug abuse accounts for approximately 50% all
deaths in the 15–24 age group. Among teenagers, the figures are alarming. Every
day about 28 people in the U.S. die due to drunk-driving-related accidents, i.e.,
1 person in every 52 minutes. Such alarming numbers have resulted in a greater
awareness of the dangers of drug and alcohol use. This has created a demand for
the drug screening market across the globe. Additionally, many governments are
providing funds for testing programs and passing stringent laws to reduce these
alarming numbers.
Urine
Sample Segment Dominates the Market
The
global drug screening market, based on sample type, is categorized into oral
fluid,hair, breath, urine, and other samples. The urine sample segment held the
largest market share in 2020. The driving factor for the growth of this segment
is lost cost procedure and reliability of results. They are used in drug
screening for the presence of cocaine, marijuana, and opiates. They are demanded
in many workplace organizations to conduct screening procedures before hiring
new employees. As a result of this demand, this segment has a sizable market
share in the worldwide drug screening market.
Impact
of COVID-19
The
outbreak of the coronavirus pandemic has had a negative impact on the growth of
the drug screening market. Many sectors' industrial activity has been
significantly hampered as a result of the nationwide lockdown and temporary
closures. The closure of manufacturing, processing, and commercial
organizations has also impacted the drug screening market's product
availability. Travel bans and trade restrictions have widened the gap between
supply and demand for the market. Furthermore, the focus of the healthcare
sector, majorly on COVID-related cases, has also reduced the demand for the drug
screening market. However, the rapid testing devices segment of this market has
found its massive application in the diagnosis of coronavirus.
North
America Contributing Largest Market Share
Based
on region, the Drug Screening Market is categorized into North America, Europe,
the Asia-Pacific, Latin America, and the Middle East & Africa. North
America dominated the global market with the largest share in 2020. Rising
drug abuse cases in this region have prompted the government to release funds
for spreading awareness related to drug testing programs, which in turn is
driving the growth of the marker. For instance, the Drug Testing Center of
America has focused its efforts on providing cost-effective drug testing services
to its population. During the projected period, however, the Asia-Pacific
region is predicted to contribute the most to the worldwide drug screening
market. The alarming rise in drug and alcohol use in this region has created
market demand. Around 147,660 cases of drug abuse were reported in medical centers
from Taiwan alone. As per the China Real-Time report, about 51% of teens are
involved in alcohol consumption.
Competitive
Landscape
The
Drug Screening Market is highly competitive and fragmented with international
and regional players. The key players dominating the market are LabCorp, Quest Diagnostics, Abbott Rapid Diagnostics, OraSure
Technologies, Alfa Scientific
Designs, Thermo Fisher Scientific, Dragerwerk AG, Lifeloc Technologies, MPD Inc., Omega Laboratories, Premier Biotech
Inc., Psychemedics Corporation, Roche AG, Shimadzu Corporation, Siemens Healthcare, BioMerieux SA, Synergy Health plc., CareHealth America Corporation, Biomedical Diagnostics, Agilent Technologies, and other
prominent players. Many firms are collaborating with government and agencies to
raise awareness about substance abuse. This has improved the consumer reach of
this market and contributed to the benefit of society.
Don’t miss the business opportunity of the
global drug screening market. Consult our analysts to gain crucial insights and
facilitate your business growth.
The report's in-depth analysis provides information about growth potential, upcoming trends, and theglobal drug screening market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the global drug screening market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
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