Market revenue in 2024 | USD 354.9 million |
Market revenue in 2030 | USD 464.8 million |
Growth rate | 4.6% (CAGR from 2024 to 2030) |
Largest segment | Consumables |
Fastest growing segment | Rapid Testing Devices |
Historical data | 2018 - 2023 |
Base year | 2024 |
Forecast period | 2025 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Consumables, Instruments, Rapid Testing Devices, Services |
Key market players worldwide | Quest Diagnostics Inc, Abbott Laboratories, QuidelOrtho Corp, Roche Holding AG ADR, Thermo Fisher Scientific Inc, Siemens Healthineers AG ADR, Bio-Rad Laboratories Inc, Agilent Technologies Inc, Labcorp Holdings Inc, Clinical Reference Laboratory, Cordant Health Solutions, Legacy Medical, Draegerwerk AG & Co KGaA, Omega Laboratories |
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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 testing market will help companies and investors design strategic landscapes.
Consumables was the largest segment with a revenue share of 34.52% in 2024. Horizon Databook has segmented the Canada drug testing market based on consumables, instruments, rapid testing devices, services covering the revenue growth of each sub-segment from 2018 to 2030.
The market also reflects a shift toward portable and rapid testing solutions, allowing for onsite testing and quick results. In Canada, drug testing is governed by federal and provincial regulations, ensuring a balance between workplace safety and individual privacy rights.
Moreover, employers are adopting comprehensive testing programs to ensure a safe working environment. In addition, increasing number of industry developments such as joint ventures, collaborations, and acquisitions is projected to have a positive impact on the market.
For instance, in March 2023, SOBR Safe, Inc., one of the leading providers of alcohol detection solutions, signed a strategic collaboration with Alco Prevention Canada (Alco) to consolidate its presence in Canada.
Horizon Databook provides a detailed overview of country-level data and insights on the Canada drug testing market , including forecasts for subscribers. This country databook contains high-level insights into Canada drug testing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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