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Drug Screening Market Expected to Reach $6.3 Billion Growing at CAGR of 9.5 by 2019

Press Release   •   Dec 17, 2015 06:51 EST

Drug screening market size, in terms of value, is expected to reach $6.3 billion by 2019 from $4 billion in 2014, at a CAGR of 9.5%. The market is categorized on basis of products and services, sample types, end users, and regions. End users include workplaces and schools, law enforcement agencies and criminal justice systems, hospitals, pain management centers, drug treatment centers, and drug testing laboratories. The criminal justice and law enforcement segment is expected to grow at the highest CAGR in the coming five years. This segment’s growth will be driven by the rise in roadside accidents due to DUI, government initiatives to curb DUI cases, and government support for the criminal justice system in the form of funding. The major factors contributing to growth of the global drug screening market include growing world population and aging population (that leads to an increase in the use of alcohol and prescription and illicit drugs), funding by U.S. federal governments for drug testing, and growing awareness on drug testing in developing nations.

Browse 127 market data tables & 38 figures spread through 170 pages and in-depth TOC on " Drug Screening Market " at http://www.rnrmarketresearch.com/drug-screening-market-by-products-and-services-immunoassay-analyzers-chromatography-breath-analyzers-rapid-testing-devices-assay-kits-and-reagents-sample-type-urine-breath-saliva-hair-bloo-market-report.html .

Furthermore, the enactment of stringent laws by various countries is a major factor driving drug screening market growth. For instance, effective from January 2014, the Brazilian federal government has made it compulsory for all professional drivers to pass a hair drug test while applying for or renewing their licenses. Such initiatives would encourage the growth of drug screening market in this region. The rising vehicle base in China and India (increased probability of road accidents due to DUI), growing number of drug addicts, the development of advanced drug alcohol screening market, and rising awareness regarding the importance of drug and alcohol testing have opened an array of opportunities for the drug and alcohol testing market. However, the ban on alcohol consumption in several Muslim-majority countries is one of the factors restraining the growth of this market. Furthermore, in Canada and various European countries, employees have privacy rights and drug screening market is considered a violation of those rights. This may inhibit the growth of this market in such countries.

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Global drug screening market research report. Apart from comprehensive geographic & product analysis and market sizing, the report also provides a competitive landscape that covers growth strategies adopted by drug screening industry players over last three years. In addition, company profiles comprise the product portfolios, developments, and strategies adopted by market players to maintain and increase their shares in market. Above mentioned market research data, current market size, and forecast of future trends will help key drug screening market players and new entrants to make the necessary decisions regarding product offerings, geographic focus, change in strategic approach, R&D investments for innovations in products and technologies, and levels of output in order to remain successful in market.

Key players in the drug screening market include Quest Diagnostics (U.S.), Laboratory Corporation of America Holdings (U.S.), Alere, Inc., (U.S.), Roche Diagnostics (Switzerland), Thermo Fisher Scientific, Inc. (U.S.), Drägerwerk AG & Co. KGaA (Germany), Siemens Healthcare (Germany), Express Diagnostics Int'l Inc. (U.S.), Shimadzu (Japan), and MPD, Inc. (U.S.).

Drug Screening Market by Products and Services (Immunoassay Analyzers, Chromatography, Breath Analyzers, Rapid Testing Devices, Assay Kits and Reagents), Sample Type (Urine, Breath, Saliva, Hair, Blood, Skin, Sweat) – Global Forecast to 2019research report can be requested

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