Saudi Arabia Drug Screening Laboratory Market Size Zooming 2.9X to Surpass USD 179 Million by 2030

Published | 23 September 2024

Saudi Arabia Drug Screening Laboratory Market is flourishing because of growing awareness and stringent workplace drug policies.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Saudi Arabia Drug Screening Laboratory Market size at USD 62.04 million in 2023. During the forecast period between 2024 and 2030, BlueWeave expects Saudi Arabia Drug Screening Laboratory Market size to expand at a CAGR of 16.10% reaching a value of USD 179.33 million by 2030. The Saudi Arabia Drug Screening Laboratory Market is projected to grow owing to many factors, including the growing awareness of substance usage, strict workplace regulations aimed at employee monitoring, and encouraging government programs aimed at addressing drug addiction problem in the Kingdom.

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Opportunity - Rising Prevalence of Amphetamines Abuse

Amphetamines drug type holds the largest share in Saudi Arabia Drug Screening Laboratory Market, as the growing illegal consumption of amphetamines is a growing concern in the Kingdom. The drug is abused for its euphoric and stimulant effects that lead to altered mental states. A study reveals that the prevalence of amphetamines is around 38.6% among patients in addiction treatment settings, which is fueling the demand for drug screening laboratories in Saudi Arabia. Other major drug type segments in Saudi Arabia Drug Screening Laboratory Market include alcohol, cannabis/marijuana, cocaine, opiates, and others (including benzodiazepines, barbiturates, and phencyclidine).

Impact of Escalating Geopolitical Tensions on Saudi Arabia Drug Screening Laboratory Market

The escalating geopolitical tensions could negatively impact the growth of Saudi Arabia Drug Screening Laboratory Market. Conflicts between countries directly leads to supply chain disruption due to trade restrictions, which results in shortage of instruments, reagents and other materials involved in drug screening. The gap in the demand and supply of these materials in the Saudi market causes increase in prices and affects its availability in the country. In addition, geopolitical tensions may also hinder foreign investment due to uncertainty in the region, which may cause lack of funding and opportunities for expanding and upgrading laboratory facilities.

Diagnostic Labs Lead Saudi Arabia Drug Screening Laboratory Market

The diagnostic laboratories segment dominates Saudi Arabia Drug Screening Laboratory Market. An increasing rate of drug abuse cases is fueling the demand for screening tests, which is contributing to the growth of diagnostic laboratories in the Kingdom. However, the workplace segment is anticipated to register a high growth rate during the forecast period owing to the stringent policies of companies to maintain a drug-free environment. The other key end user segments in Saudi Arabia Drug Screening Laboratory Market include hospitals, law enforcement agencies, criminal justice & law enforcement, and rehabilitation centers.

Competitive Landscape

Saudi Arabia Drug Screening Laboratory market is intensely competitive, as a number of companies are competing to gain a significant market share. Key players in the market include King Faisal Specialist Hospital & Research Centre, Saudi Diagnostic Laboratory, Al Borg Diagnostics, Bioscientia International, Dammam Regional Laboratory, King Abdulaziz Medical City Laboratory, King Saud Medical City Laboratory, and Al Razi Medical Laboratories.

To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Don’t miss the business opportunity in Saudi Arabia Drug Screening Laboratory Market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and Saudi Arabia Drug Screening Laboratory Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Saudi Arabia Drug Screening Laboratory Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Scope of the Report

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