SAN FRANCISCO, Oct. 8, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Drug Screening - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 6; Released: April 2021
Executive Pool: 2629
Companies: 55 - Players covered include Alere, Inc.; Alfa Scientific Designs, Inc.; Dragerwerk AG & Co. KGaA; F. Hoffmann-La Roche AG; Laboratory Corporation of America Holdings (LabCorp); Lifeloc Technologies, Inc.; Mpd, Inc.; Omega Laboratories, Inc.; OraSure Technologies, Inc.; Premier Biotech, Inc.; Psychemedics Corporation; Quest Diagnostics, Inc.; Shimadzu Corporation; Siemens Healthineers; Thermo Fisher Scientific, Inc. and Others.
Coverage: All major geographies and key segments
Segments: Component (Products, Services); Sample Type (Urine, Breath, Oral Fluid, Hair, Other Sample Types)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Drug Screening Market to Reach $10.5 Billion by 2026
Amid the COVID-19 crisis, the global market for Drug Screening estimated at US$6.3 Billion in the year 2020, is projected to reach a revised size of US$10.5 Billion by 2026, growing at a CAGR of 8.8% over the analysis period. Products, one of the segments analyzed in the report, is projected to record a 7.9% CAGR and reach US$7.5 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 10.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2.1 Billion in 2021, While China is Forecast to Reach $1.8 Billion by 2026
The Drug Screening market in the U.S. is estimated at US$2.1 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.8 Billion by the year 2026 trailing a CAGR of 8.3% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8% and 7.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7.2% CAGR. More
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About Global Industry Analysts, Inc. & StrategyR™
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