Projections indicate Drug Abuse Testing Market to Attain Valuation of Around US$ 10.28 Billion by 2030
10 Feb, 2024

Drug Abuse Testing Market is expected to reach a valuation of approximately US$ 10.28 Billion by 2030, driven by increasing awareness, government crackdowns, expanding workplace testing, and advancements in testing technologies, among other factors.

In a report titled "Drug of Abuse Testing Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2030," published recently by Renub Research, market share insights are included along with a thorough industry analysis. The report also includes research on regions, competitors, and the recent expansion of the Drug Abuse Testing Market.

Drug Abuse Testing Market is anticipated to expand at a CAGR of 7.54% between 2023 and 2030. The drug abuse test market sees a fine surge due to heightened drug abuse awareness, spurring demand across various settings like places of work, schools, and healthcare centres. This recognition has led to multiplied adoption of drug testing packages by employers, ensuring protection and productivity in the workforce. Schools are incorporating drug testing to deter student drug use and keep stable learning environments. Athletes undergo drug testing to uphold fair opposition requirements, and regulation enforcement groups accentuate checking out of suspects for convictions and public safety. This growing focus additionally drives individuals to seek help, contributing to a demand for drug testing services in treatment packages and healthcare settings.

Advancements in testing technologies extensively influence the drug abuse testing market, driving extended demand for more correct, dependable, and sensitive strategies beyond traditional tactics. These improvements, spanning new testing methods able to detect a broader range of drugs at lower levels alongside more sensitive equipment, enhance the general effectiveness and comprehensiveness of drug testing. Developing non-invasive testing techniques provides comfort and decreases invasiveness by removing the desire for blood or urine samples. Those technological improvements contribute to cost reduction, making drug testing increasingly available to a much broader array of employers and companies.

Likewise, government crackdowns on drug abuse are appreciably impacting the industry, fostering improved funding for drug testing applications resulting in an extraordinary uptick in the range of assessments performed. Governments globally are enacting new legal guidelines and regulations mandating drug testing in unique industries and occupations, further contributing to the heightened activity in testing. Simultaneously, authorities' guides for drug testing groups and companies enhance affordability and accessibility. Beyond those outcomes, authorities' actions raise public attention to drug abuse, prompting multiplied tasks in search of assistance and implementing drug testing programs using employers and businesses.

Laboratory services segment is well-positioned to continue to play a leading role in the drug of abuse testing market

Laboratory tests are the most accurate approach for detecting drug use, using trained experts with sophisticated devices. Known for their comprehensiveness, those tests cater to the needs of employers, regulation enforcement, and agencies requiring thorough drug testing. Offering flexibility, they may be custom-designed primarily based on precise choices, accommodating versions in the set of drugs examined. With reduced testing fees, affordability has increased, making it accessible to a much more comprehensive range of groups.

Urine segment is a vital part of the drug of abuse testing market

Urine tests offering high accuracy and detection for drug use are non-invasive, easily collected, cost-effective, and convenient for various settings like workplaces, schools, and healthcare facilities, with their accessibility proving particularly advantageous in time-critical law enforcement situations. Employers use urine tests for job screening, schools to deter drug use and create a secure learning environment, athletes for sports integrity, and law enforcement for criminal convictions and public protection. The urine segment is driven by increasing awareness of drug abuse and government regulations mandating drug testing in industries such as transportation and healthcare.

Cannabis sector is significantly impacting the drug abuse testing market

Cannabis, the most broadly used illicit drug globally, with around 200 million annual customers, is driving elevated demand for drug testing, mainly in offices and different prohibited-use settings. Testing for cannabis poses unique challenges because of the plant's complexity and diverse compounds like cannabinoids and terpenes. Legalizing cannabis in many areas impacts drug abuse testing, prompting changes in guidelines and processes for employers in legalized jurisdictions. Furthermore, the cannabis sector drives innovation in testing technology, improving state-of-the-art checks for correct detection, influencing employers to modify testing policies, inspiring advancements by cannabis testing businesses, and prompting governments to set up guidelines for particular testing.

Workplace sector is making significant use of drug abuse testing to ensure the safety and productivity of its workforce

Drug abuse poses safety hazards in the workplace, leading to accidents and injuries, prompting employers to use drug testing for employee and customer safety. Beyond safety concerns, drug abuse also correlates with decreased productivity and increased absenteeism, compelling employers to identify and address substance abuse issues. Legal requirements mandate drug testing in specific industries, like transportation and healthcare. The workplace sector benefits from growing drug abuse awareness, resulting in more employers implementing testing programs. Drug testing is expanding to new industries like retail and hospitality, and governments offer incentives to offset testing costs, further promoting its adoption.

China is well-positioned to drive the demand for drug abuse testing in the coming years

Rising drug use in China, estimated at 30 million people, is attributed to monetary increases, urbanization, and social media. In response, the government is intensifying its crackdown with multiplied drug testing, elevated remedy applications, and stricter penalties. Growing consciousness is propelling individuals to seek help, and employers are implementing drug testing packages. China's monetary increase fuels calls for workplace drug testing, screening process applicants, and testing employees. Globalization boosts drug testing desires in transportation and logistics. China gains from developments like advancing drug testing technology, decreasing prices, and the authorities' support for drug testing companies and organizations.

Competitive Landscape

Thermo Fisher Scientific Inc., Danaher Corporation, Abbott Laboratories, LabCorp, Bio-Rad Laboratories Ltd., Quest Diagnostics, and F. Hoffmann-La Roche Ltd. are among the prominent competitors in the drug abuse testing market 

Market Summary

• Product and Services – The report analyses the Drug Abuse Testing Market by product from 4 angles (Analyzers, Rapid Testing Devices, Consumables and Laboratory Services).
• Sample Type – Renub Research report on the Drug Abuse Testing Market looks at sample type from 5 angles (Urine, Oral Fluid, Breath, Hair and Others).
• Drug Type – The report analyses the Drug Abuse Testing Market by drug type from 7 angles (Alcohol, Cannabis/Marijuana, Cocaine, Opioids, Amphetamine & Methamphetamine, LSD, and Others).
• End-User – The report analyses the Drug Abuse Testing Market by end-user from 6 different angles (Drug Testing Laboratories, Workplaces, Hospitals, Rehabilitation Centers, Academic Institutes and Research Centers and Others).
• Countries – There are 25 different perspectives on the Drug Abuse Testing Market by countries (United States, Canada, France, Germany, Italy, Spain, United Kingdom, Belgium, Netherlands, Turkey, China, Japan, India, South Korea, Thailand, Malaysia, Indonesia, Australia, New Zealand, Mexico, Brazil, Argentina, Saudi Arabia, UAE, and South Africa). 
• Key Players – Every significant player in the Drug Abuse Testing Market has been discussed from 3 perspectives (Overview, Recent Developments, and Revenue): Thermo Fisher Scientific Inc., Danaher Corporation, Abbott Laboratories, LabCorp, Bio-Rad Laboratories Ltd., Quest Diagnostics, and F. Hoffmann-La Roche Ltd.

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