Europe Drug Of Abuse Testing Services Market Size & Outlook
Europe drug of abuse testing services market, 2018-2030 (US$M)
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Europe drug of abuse testing services market highlights
- The Europe drug of abuse testing services market generated a revenue of USD 1,412.5 million in 2023.
- The market is expected to grow at a CAGR of 3.4% from 2024 to 2030.
- In terms of segment, cannabis/marijuana was the largest revenue generating drug type in 2023.
- Cannabis/Marijuana is the most lucrative drug type segment registering the fastest growth during the forecast period.
- Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 1,412.5 million |
| Market revenue in 2030 | USD 1,783.0 million |
| Growth rate | 3.4% (CAGR from 2023 to 2030) |
| Largest segment | Cannabis/marijuana |
| Fastest growing segment | Cannabis/Marijuana |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Alcohol, Cannabis/Marijuana, Cocaine, Opioids, Amphetamine & Methamphetamine, LSD, Other Drug Types |
| Key market players worldwide | Quest Diagnostics Inc, Abbott Laboratories, Clinical Reference Laboratory, Cordant Health Solutions, ZeOmega, Psychemedics Corp, Millennium HealthCare Inc, Mayo Clinic, Precision Diagnostics, LGC Group, Labcorp Drug Development, Legacy Medical, Drugscan, USDTL |
Other key industry trends
- In terms of revenue, Europe region accounted for 21.6% of the global drug of abuse testing services market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 4,717.6 million by 2030.
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Drug Of Abuse Testing Services Market Scope
Drug Of Abuse Testing Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe drug of abuse testing services market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to drug of abuse testing services market will help companies and investors design strategic landscapes.
Cannabis/marijuana was the largest segment with a revenue share of 24.27% in 2023. Horizon Databook has segmented the Europe drug of abuse testing services market based on alcohol, cannabis/marijuana, cocaine, opioids, amphetamine & methamphetamine, lsd, other drug types covering the revenue growth of each sub-segment from 2018 to 2030.
Europe held the second-largest share in the drug of abuse testing services market, in 2019. This can be attributed to the increasing prevalence of drug abuse and substance use disorder in key countries, including Germany, the UK, France, Italy, and Spain.
In addition, growing number of initiatives undertaken by several regulatory bodies to increase drug abuse testing is anticipated to create a high demand for drug of abuse testing services.
However, many European countries have forbidden workplace drug testing or random screening, while several countries allow it in safety-critical industries such as energy, transport, and construction. Thus, such unclear regulations related to workplace drug testing in some countries may limit the demand for drugs of abuse testing serveries and hinder the market.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe drug of abuse testing services market , including forecasts for subscribers. This continent databook contains high-level insights into Europe drug of abuse testing services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe drug of abuse testing services market size, by country, 2018-2030 (US$M)
Europe Drug Of Abuse Testing Services Market Outlook Share, 2023 & 2030 (US$M)
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