Drug Testing Equipment Market Trends

  • Report ID: 3821
  • Published Date: Jul 24, 2024
  • Report Format: PDF, PPT

Drug Testing Equipment Market Trends

Growth Drivers

  • Stringent Regulations of Sports Association – The adoption of several programs that are designed to detect the use of banned substances and strict drug testing for illegal drug abuse by athletes worldwide during the sports session is anticipated to propel the market growth. Sports organizations such as the International Olympic Committee (IOC), the International Sports Federation (ISF), and others have made drug testing mandatory for participants before participating in a sporting event.
  • Collaborations & Innovations in Testing Technology – The tangible benefits of collaborations include reduced medical errors, medication errors, and redundant tests, as well as innovative brainstorming, faster patient throughput, and improved provider satisfaction that come with a democratized and collegial care process. Intoximeters, Inc. with Abbott Healthcare Private Limited agreed to market SoToxa Mobile Test System of Abbott together with Alco-Sensor brand breath alcohol-testing products of Intoximeters.  SoToxa is a handheld oral fluid testing solution that will be used to detect drug use.
  • Emerging Laws – As per the Biden-Harris Administration’s Unity Agenda, around USD 3.8 billion has been invested through the American Rescue Plan by the administration to address the mental health crisis and drug overdose plague in the United States.

Challenges

  • Emerging Policies & Ban on Testing of Drugs - Drug testing in some places (particularly the workplace) is regarded as a violation of employee privacy, which is expected to impede market growth. The drug consumption ban in certain areas, as well as accuracy issues, are expected to pose challenges to the drug screening market.
  • Lack of Accuracy in Many Cases
  • Slower Penetration Due to Privacy Concerns

Drug Testing Equipment Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

11.3%

Base Year Market Size (2023)

USD 6.68 Billion

Forecast Year Market Size (2036)

USD 26.86 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Browse Key Market Insights with Data Illustration:


Author Credits:  Radhika Pawar


  • Report ID: 3821
  • Published Date: Jul 24, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of drug testing equipment is estimated at USD 7.36 Billion.

The drug testing equipment market size was over USD 6.68 Billion in 2023 and is anticipated to cross USD 26.86 Billion by the end of 2036, witnessing more than 11.3% CAGR during the forecast period i.e., between 2024-2036. The rising use of intoxicants and controlled substances and the rising misuse of prescribed medicines are the major factors driving the market growth.

North America industry is poised to hold 40% of the revenue share by 2036, driven by existence of giant players in the industry encouraging drug screening in the region.

Sandoz International GmbH, Quest Diagnostics Incorporated, Butterfly Network, Inc., F. Hoffmann-La Roche, Thermo Fisher Scientific, Inc., Siemens AG, Bio-Rad Laboratories, Inc., Cordant Health Solutions, Legacy Medical Services, LLC, Omega Laboratories, Inc., GE Healthcare
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