SAN FRANCISCO, October 8, 2021 / PRNewswire / – A new market study released by Global Industry Analysts Inc., (GIA), the leading market research firm, today released its report titled “Drug Screening – Global Market Trajectory & Analytics”. The report presents new perspectives on the opportunities and challenges in a dramatically transformed post-COVID-19 market.
FACTS AT A GLANCE
Editing: 6; Posted: April 2021
Executive pool: 2629
Companies: 55 – Players covered include Alere, Inc .; Alfa Scientific Designs, Inc .; Dragerwerk AG & Co. KGaA; F. Hoffmann-La Roche SA; Laboratory Corporation of America Holdings (LabCorp); Lifeloc Technologies, Inc .; MPD, Inc .; Omega Laboratories, Inc .; OraSure Technologies, Inc .; Premier Biotech, Inc .; Psychedelic society; Quest Diagnostics, Inc .; Shimadzu Company; Siemens Healthineers; Thermo Fisher Scientific, Inc. et al.
Blanket: All major geographies and key segments
Segments: Component (Products, Services); Sample type (urine, breath, oral fluid, hair, other types of samples)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; UK; and rest of Europe); Asia Pacific; Rest of the world.
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Global Drug Testing Market To Reach $ 10.5 billion by 2026
Amid the COVID-19 crisis, the global drug testing market is estimated to be US $ 6.3 billion in 2020, is expected to reach a revised size of US $ 10.5 billion by 2026, with a CAGR of 8.8% over the analysis period. Products, one of the segments analyzed in the report, is expected to register a CAGR of 7.9% and reach 7.5 billion US dollars at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the Services segment is readjusted to a revised CAGR of 10.7% for the next 7 year period.
The US market is estimated at $ 2.1 billion in 2021, when China is expected to reach $ 1.8 billion by 2026
The drug testing market in the United States is estimated at US $ 2.1 billion in 2021. China, the world’s second-largest economy, is expected to reach a projected market size of US $ 1.8 billion by 2026, with a CAGR of 8.3% over the analysis period. Other notable geographic markets include Japan and Canada, each projects growth of 8% and 7.2% respectively over the period of analysis. In Europe, Germany is expected to grow at around 7.2% CAGR. Following
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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher, the only influencer-focused market research company in the world. Proudly serving more than 42,000 clients in 36 countries, GIA has been recognized for its accurate forecasting of markets and industries for more than 33 years.
Director, Corporate Communications
Global Industry Analysts, Inc.
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SOURCE Global Industry Analysts, Inc.