Pune, 17, April, 2023: A global healthcare business-consulting firm, Maximize Market Research, has published a market intelligence and competitive landscape report on the “Drug Screening Market”, which is a combination of primary data and secondary data. According to the report, the market is to grow from USD 7.88 Bn in 2022 to USD 22.24 Bn in 2029 at a CAGR of 15.97 percent.
Drug Screening Market Report Scope and Research Methodology
The Drug Screening Market research provides a comprehensive market segmentation analysis along with market estimation for the period 2023-2029. The dynamics section in the report provides detailed information on the market drivers, opportunities, restraints, challenges and advantages. The report focuses on the trends and growth prospects of the Drug Screening industry. To understand the impact of the various factors on the Drug Screening Market, Porter’s five forces analysis is provided in the report. These factors include the bargaining power of suppliers, the competitive intensity of competitors, the threat of substitutes, the threat of new entrants and the bargaining power of buyers, which makes the Drug Screening Market report an investor’s guide. SWOT analysis was conducted to provide the strengths and weaknesses of the Drug Screening Market, while PORTER, PESTEL analysis was employed to understand the potential impact of macro-economic and micro-economic factors influencing the market.
Drug Screening Market Dynamics
Government funding for pharmaceutical development is a major factor driving the growth of the market. During the forecast period, illicit drug consumption and the increasing prevalence of drug addiction is expected to drive the market. Drug screening adoption is also increasing due to the increasing crime rates associated with drug abuse.
The global Drug Screening Market is expected to be hampered by stringent government regulations. The lack of infrastructure in developing nations is also restraining market growth.
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Drug Screening Market Regional Insights
The North America region dominated the global market by holding the largest Drug Screening Market share of about 38.8 percent. This growth of the market is due to the increasing ingesting of illegal drugs.
The Asia Pacific region is expected to grow at a CAGR of 12.5 percent during the forecast period. This growth of the market is attributed to the increasing number of drug addicts and the development of advanced drug and alcohol screening devices.
Drug Screening Market Segmentation
By Product & Services
By Sample Type
By Drug Type
By End-User
Drug Screening Key Competitors include:
Table of Content for Global Drug Screening Market
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Key questions answered in the Drug Screening Market are:
Key Offerings:
Maximize Market Research is leading Healthcare research firm, has also published the following reports:
Drug and Alcohol Screening Market – The market size is expected to reach USD 19.21 billion by 2029 at a CAGR of 17.2 percent during the forecast period. The market is expected to be driven by the developing medication and liquor consumption.
Breast Cancer Drug Market – The market size is expected to reach USD 98.04 billion by 2029 at a CAGR of 14.8 percent during the forecast period. The market is expected to be driven by the high prevalence of breast cancer amongst population across the world.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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Media ContactCompany Name: MAXIMIZE MARKET RESEARCH PVT. LTD.Contact Person: Geeta YevleEmail: Send EmailPhone: +91 9607365656Address:3rd Floor, Navale IT Park, Phase 2, Pune Banglore Highway, Narhe,City: PuneState: MaharashtraCountry: IndiaWebsite: https://www.maximizemarketresearch.com/market-report/global-drug-screening-market/1352/