Drug Screening Market: Projected to Reach till $6.3 billion at CAGR of 9.5%

Press Release   •   Feb 03, 2016 04:05 EST

Drug Screening Market Research segments on basis of products & services, sample types, end users, and regions. In samples segment, urine samples accounted for largest share in 2014.

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%. 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. 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.

Browse 127 market data tables & 38 figures spread through 170 pages and in-depth TOC on "Drug Screening Market" at http://www.reportsnreports.com/reports/345782-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-2019.html .

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. Furthermore, the enactment of stringent laws by various countries is a major factor driving 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 testing 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 and alcohol screening devices, and rising awareness regarding the importance of Drug Screening have opened an array of opportunities for the Drug Screening 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 testing is considered a violation of those rights. This may inhibit the growth of this market in such countries.

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

Report provides insights on the following pointers:

  • Market Penetration: Comprehensive information on the product portfolios of the top players in the Drug Screening Market. The report analyzes this market by products and services, sample types, end users, and regions
  • Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and new product launches in the Drug Screening Market
  • Competitive Assessment: In-depth assessment of market strategies, geographical and business segments, and product portfolios of leading players in the Drug Screening Market
  • Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the market for various Drug Screening Market products across regions
  • Market Diversification: Exhaustive information about new products and services, untapped geographies, recent developments, and investments in the Drug Screening 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.).

Priced at $4650 for a single user PDF, a sample copy of “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 at www.reportsnreports.com/contacts/RequestSample.aspx?name=345782 .

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