Market revenue in 2023 | USD 2,415.2 million |
Market revenue in 2030 | USD 3,308.3 million |
Growth rate | 4.6% (CAGR from 2023 to 2030) |
Largest segment | Consumables |
Fastest growing segment | Rapid Testing Devices |
Historical data covered | 2018 - 2022 |
Base year for estimation | 2023 |
Forecast period covered | 2024 - 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 36.12% in 2023. Horizon Databook has segmented the North America drug testing market based on consumables, instruments, rapid testing devices, services covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of drug testing market in North America can majorly be attributed to the increasing incidence of drug abuse, stringent government regulations, and active screening programs. The governments are actively engaged in controlling the consumption of hazardous drugs to minimize the cost burden associated with it.
In addition, the authorities are focusing on formulating new policies. For instance, in September 2023, San Francisco Human Services Agency (SFHSA) announced a new initiative that would need people suffering from substance use disorder who wish to gain access to county funds to enroll in treatment and services.
Furthermore, in January 2021, Canadian Nuclear Safety Commission updated its alcohol and drug testing requirements for the people. The new updates focus on revised drug testing thresholds and authorized methods for point-of-collection testing & oral fluid testing.
Horizon Databook provides a detailed overview of continent-level data and insights on the North America drug testing market , including forecasts for subscribers. This continent databook contains high-level insights into North America drug testing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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