The Global Drug Screening Laboratory Services Market was valued at US$ 6,922.0 Million in 2019 and is expected to reach US$ 7,756.0 Million by 2027 growing at a Compounded Annual Growth Rate (CAGR) of 1.43% during the forecast period.
The Market is studied through the below listed segments. This segmentation has been built taking in account the material impact that each of these segments have on the overall ecosystem of the Drug Screening Laboratory Services Market.
By Service Type
• Workplace Drug Testing
• Clinical Toxicology Testing Equipment
The Workplace Drug Testing sub-segment has the largest impact on the Drug Screening Laboratory Services Market when segmented By Service Type with a share of ~72%
By Sample Type
• Urine Sample
• Oral Fluid Sample
• Hair Sample
The Urine Sample sub-segment has the largest share in the Drug Screening Laboratory Services Market when segmented By Sample Type with a share of ~92%
By End User
• Oil and Gas
• Other Workplaces
• Hospital Laboratories
• Clinical Laboratories
• Other Laboratories
The largest sub-segment within the Drug Screening Laboratory Services Market when segmented By End User is Other Workplaces with a share of ~17%
From a geographic segmentation perspective, the report focuses on the regions that have a material and significant effect on the market dynamics. The broad level coverage of the report includes the regions and key countries within the regions of Global, North America, Europe, APAC, MEA
The North America Region has the largest share in the Drug Screening Laboratory Services Market from a Geographic Analysis point of view with a share of ~72%
The Drug Screening Laboratory Services Market is fairly fragmented. While the key companies continue to drive innovation and, in most cases, adopt digital transformations, the overall competitive ecosystem is dominated by Market leaders as well as emerging players with niche offerings.
This Drug Screening Laboratory Services Market report profiles some of the key market players while reviewing significant market developments and strategies adopted by them.
While looking at Organic and Inorganic strategies separately, the report studies not only outlook based (short-mid-long term), but also strategy based (strategic vs operational) market activity.
Key Companies profiled in this report include:
• ABBOTT LABORATORIES (ALERE)
• QUEST DIAGNOSTICS INCORPORATED
• CLINICAL REFERENCE LABORATORY, INC
• LABORATORY CORPORATION OF AMERICA HOLDINGS
• STERLING HEALTHCARE OPCO, LLC/CORDANT HEALTH SOLUTIONS
• ACM GLOBAL LABORATORIES, INC
• ACM GLOBAL LABORATORIES, INC
• PRECISION DIAGNOSTICS
• MILLENNIUM HEALTH
• MAYO FOUNDATION FOR MEDICAL EDUCATION AND RESEARCH
While most of the Key Profiles are of Market Leaders, the profiling involves coverage of the market ecosystem. Based on the Market Strategy that a client is exploring, the Competitive Landscape is customized to make the CI data more actionable and relevant for the strategy execution.
Company profiles usually include:
• Company Overview
• Performance Overview
• Products / Services Overview
• Recent Developments
The Covid19 pandemic has transformed the market landscape. The second-wave in 2021 has highlighted the importance of Business Resilience and is putting lot of impetus on the business strategies involving bottom-line management like vendor-management, cost-optimization, etc., This report covers the aftermath of the Covid19 catastrophe and the key trends that need to be incorporate in Business plans.
Our dynamic and proprietary data-mining technology has given us the flexibility to maintain both precision and speed while delivering exclusive and custom insights to our clients.
We conduct customization of the Research data on all key fronts • Regional, Segment, Competitive landscape level. For every report-purchase, we offer 25 free analyst-hours to address critical factor sought in the Research activity
From a business-objective perspective, the Report details out the key take-aways necessary to formulate business strategies like:
• New product launch
• New client acquisition
• New opportunity mapping (market level and geography level)
• Competitive benchmarking
• Cost optimization strategies
• Inorganic expansion plans