Drug Testing Industry Procurement Intelligence, Supplier Intelligence, Supplier Ranking Day One Analysis Report, 2020 – 2027
Procurement Outlook
Drug testing is a technical analysis of various biological specimen of a human, like urine, blood, exhaled air, sweat, saliva, hair, etc. to determine the presence or absence of alcohol or any other drug in the metabolites of the subject. Drug testing is subjected to commonly determine the presence of the drugs like alcohol, marijuana, opioids, amphetamines, cocaine, steroids, barbiturates, phencyclidine, etc. Sports organizations and forensic sectors are the largest consumers of a drug tests.
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Demand Outlook
The global drug testing market is expected to reach USD 11.2 million by 2027 having grown at a CAGR of 4.9% from 2020 - 2027. Stringent rules from the sports association have led to regular dope testing activities among players. In addition to this, the rising problem with drug abuse globally along with the fight against drugs has led to an increased number of drug testing among suspected offenders. Also, one of the rising markets for drug testing is the health testing done during employment. Several companies have taken drug testing and another health testing on a stride and this, in turn, has helped bolster the market for drug testing. North America is one of the largest markets for drug testing with urine samples being the largest sub-category under drug testing.
Cost Drivers
Innovative analyzing methods have led to a reduction in the time of analysis. This has resulted in a higher number of samples being analyzed per hour and therefore a lower turnaround time per sample. In addition to newer methods of analysis several innovations like laboratory management systems or inventory control help in automating the process of quality control. These efforts help in achieving an overall lower turnaround time. As such, these elements act as cost drivers to the drug testing industry.
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