Global Drug Testing market was valued at USD 5.3 billion in 2021 and is projected to reach USD 9.45 billion in 2029

 The global Drug Testing market was valued at USD 5.3 billion in 2021 and is projected to reach USD 9.45 billion in 2029, at a Compound Annual Growth Rate (CAGR) of 7.5 % during the forecast period 2022-2029.

A drugs test, sometimes likewise alluded to as drugs screening, is any test administered for the technical analysis of biological specimens of the human body, to detect the presence, or in some cases any earlier use, of illicit drugs or their metabolites. A metabolite is essentially a parent drug's metabolised, inactive form. For instance, these tests are usually compulsory under various scenarios such as job applications, random employee testing, police investigations, etc.

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Drug Testing Market Dynamics

Illicit drug use is rising worldwide. As per the World Drug Report 2021, in 2019, an estimated 275 million people worldwide aged 15–64, or 1 in every 18 individuals in that age bunch, have used drugs at least once in the earlier year (range: 175 million to 374 million). In 2019, 36.3 million people, or around 13% of the global population, were assessed to be suffering from drug use disorders. In the same year, drug use killed around half a million people, while drug use disorders resulted in 18 million years of healthy life lost, primarily due to opioids.

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Research Methodology

The study period of the market is considered to be 10 years (2019-2029) which will be analysed through the two major research techniques – Primary and Secondary Research methods. The primary research method includes the interviews of the key personnel in the industry considered as the industry experts, major distributors, suppliers, and consumer base sample survey to understand the direct perspective of the market. Additionally, these data are backed by the secondary research method which includes company overview through websites, annual reports, SEC filings, investor presentations, news, and databases.

Benefits of The Report

• The report is designed to understand the past, present, and future market scenarios considering all the growth, restraining, and other factors influencing the market studied.
• To gain a clear insight for a better future perspective of the market studied in 360-degree synopsis.

Top Major Players List :- Drug Testing Market

• Premier Biotech
• Alfa Scientific Designs
• OraSure Technologies
• Drägerwerk
• LifeLock
• Thermo Fisher Scientific
• MPD Inc.
• Omega Laboratories
• Psychemedics
• Abbott Laboratories
• Shimadzu

 

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