South Korea Drug Of Abuse Testing Services Market Size & Outlook
South Korea drug of abuse testing services market, 2018-2030 (US$M)
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South Korea drug of abuse testing services market highlights
- The South Korea drug of abuse testing services market generated a revenue of USD 62.6 million in 2023 and is expected to reach USD 79.4 million by 2030.
- The South Korea market is expected to grow at a CAGR of 3.5% 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.
Drug of abuse testing services market data book summary
| Market revenue in 2023 | USD 62.6 million |
| Market revenue in 2030 | USD 79.4 million |
| Growth rate | 3.5% (CAGR from 2023 to 2030) |
| Largest segment | Cannabis/marijuana |
| Fastest growing segment | Cannabis/Marijuana |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, South Korea accounted for 1.0% of the global drug of abuse testing services market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China drug of abuse testing services market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 417.3 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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South Korea 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 24.28% in 2023. Horizon Databook has segmented the South Korea 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.
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Our clientele includes a mix of drug of abuse testing services market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea drug of abuse testing services market , including forecasts for subscribers. This country databook contains high-level insights into South Korea drug of abuse testing services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea drug of abuse testing services market size, by drug type, 2018-2030 (US$M)
South Korea Drug Of Abuse Testing Services Market Outlook Share, 2023 & 2030 (US$M)
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