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Pharmacy benefit management market
Oral Fluid Drug Test System Market REPORT OVERVIEW
The global oral fluid drug test system market size was USD 288.3 million in 2021, the market is expected to reach USD 580.9 million in 2028, exhibiting a CAGR of 10.4% during the forecast period.
One of the key factors propelling the growth of the oral fluid testing market is the increase in substance abuse instances. Future market expansion is also anticipated to be fueled by the rising rate of diagnostic test utilization in hospitals and the healthcare sector, as well as the rising demand for home care settings. Additionally, it is anticipated that a growing regulatory environment combined with technological improvement will present profitable prospects for market participants.
Drugs can be found in a person's system through the use of oral fluid drug testing. Saliva is examined in order to achieve this since it contains evidence of drugs that have either been smoked or taken orally. A type of drug test called an oral fluid drug test can be performed to find and keep track of drugs and medications in the body. People who are compelled to test themselves, such as parents whose children participate in school testing programs, frequently use it for personal benefit. Oral fluid drug testing is also used to keep track of how doctors and other medical personnel are being treated. Oral fluid drug test swabs are a rapid, easy-to-use collection device for oral fluids. A swab is pressed against the cheek to collect saliva and then rubbed onto a test strip contained in the package of an Oral Fluid Drug Test Strip or cassette. The result can be read within minutes after placing it on a reader.
COVID-19 Impact: Growth in The Regional Market for Drug Abuse to Boost Market Growth
The COVID-19 pandemic had a favourable effect on the local market for drug abuse testing in 2020. To stop the disease's spread, the governments of several nations, including the US, Canada, and Mexico, enacted state wide lockdowns. Drug use dramatically increased between 2020 and 2021 as consumers continued to use illicit drugs while staying at home. These elements will influence the region's growing use of drugs of abuse testing products. As a result, growth in the regional market for drugs of abuse testing is anticipated over the forecast period.
LATEST TRENDS
"Private Employer’s Oral Fluid Drug Test System to Increase Demand for The Product"
Saliva samples are tested for drug use using the private employer’s oral fluid drug test system. Government regulations state that private businesses are only permitted to provide drug tests to workers if it is necessary for safety-related tasks or if they are under the effect of drugs that might impair their performance at work. These tests also assist parents who want to test their kids who are being treated for issues with drugs like Ritalin.
Oral Fluid Drug Test System Market SEGMENTATION
- By Type
Based on type market is classified as consumables and equipment.
- By Application
Based on application market is classified as workplace testing, criminal justice testing and rehabilitation therapy.
DRIVING FACTORS
"Time efficient Drug Test Cassettes to Provide Impetus to The Market "
Oral fluid drug test cassettes are quick drug testing tools that can be used to check oral fluid samples for the presence of particular substances. These cassettes use lateral flow immunoassay technology to check human saliva for drugs that are often abused, including cocaine, marijuana, amphetamines, and opiates (morphine/heroin). Drug testing that uses oral fluid produces findings in under ten minutes is known as oral fluid drug test cassettes. Oral fluid drug test swabs are a quick, simple way to collect oral fluids. A test strip included in the package of an oral fluid drug test strip or cassette is used after saliva is collected using a swab against the cheek. After placing the result on a reader, it can be read in a matter of minutes.
"Use In Assessing the Degree of Drug Abuse to Propel Market Growth"
An oral fluid drug testing gadget can be used to check for any chemical. These examinations are useful in assessing the degree of drug abuse and addiction as well as other health problems linked to certain medications such opioids, anti-anxiety medications, caffeine, etc. Hospitals utilise oral fluid drug testing methods to control medicine administration, ensuring that only patients who actually need a medication are given it and not others. It has been proven to be successful when used to identify whether a patient requires an opioid or another kind of painkiller following surgery.
RESTRAINING FACTORS
"High Costs to Impede Market Growth"
The high costs are one of the main obstacles to the expansion of the global market for drug misuse testing. High-quality analytical products for testing drugs of abuse are offered by key market leaders like Merck, Shimadzu, and Thermo Fisher Scientific, but these are all highly expensive, making it difficult for labs to use them. a mass spectrometer that is inexpensive, has the most basic settings, and may include a built-in or attached liquid handling system. Costs might skyrocket when researchers attempt to make minute adjustments since the manufacturer must change numerous factors to provide a compliant product.
Oral Fluid Drug Test System Market REGIONAL INSIGHTS
"North America to Dominate the Market Due to Robust Healthcare Infrastructure"
The North America area has a very robust healthcare infrastructure and a well-established logistics network, and as a result, it dominates the global oral fluid drug test system market share. One of the elements that has helped to the growth of the oral fluid drug test system market in North America is the region's abundance of local producers. Oral fluid drug test equipment is thought to have a mature and consolidated market in North America.
KEY INDUSTRY PLAYERS
"Key Players Focus on Partnerships to Gain a Competitive Advantage"
Prominent market players of oral fluid drug test system are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
List of Market Players Profiled
- OraSure Technologies (U.S.)
- Draeger (Germany)
- Abbott Laboratories (U.S.)
- Securetec Detektions-Systeme (Germany)
- Quest Diagnostics (U.S.)
- Oranoxis (U.S.)
- Premier Biotech (U.S.)
REPORT COVERAGE
The report anticipates a detailed analysis of the global market size at the regional and national level, the ssegmentation market growth and market share. The prime objective of the report is to help user understand the market in terms of definition, market potential, influencing trends, and the challenges faced by the market. Aanalysis of sales, the impact of the market players, recent developments, opportunity analysis, strategic market growth analysis, territorial market expansion, and technological innovations are the subject matter explained in the report.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 288.3 Million in 2021 |
Market Size Value By |
US$ 580.9 Million by 2028 |
Growth Rate |
CAGR of 10.4% from 2021 to 2028 |
Forecast Period |
2024-2032 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the oral fluid drug test system market expected to touch by 2028?
The global oral fluid drug test system market size is expected to reach USD 580.9 million by 2028.
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What CAGR is the oral fluid drug test system market expected to exhibit by 2028?
The oral fluid drug test system market is expected to exhibit a CAGR of 10.4% by 2028.
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Which are the top companies operating in the oral fluid drug test system market?
Abbott Laboratories, OraSure Technologies, Oranoxis Inc, Premier Biotech, Inc, UCP Biosciences, SCREEN ITALIA SRL, Securetec Detektions-Systeme, MEDACX, AccuBioTech, Guangzhou Wondfo Biotech Co., Ltd. are the top companies operating in the oral fluid drug test system market.
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Which are the driving factors of the oral fluid drug test system market?
Time efficient drug test cassettes and use in assessing the degree of drug abuse are the driving factors of the oral fluid drug test system market growth.
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What is the leading region in the oral fluid drug test system market?
North America to dominate the oral fluid drug test system market due to robust healthcare infrastructure.