Drug Testing Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

Drug Testing Category Overview

The drug testing category is expected to grow at a CAGR of 6.5% from 2023 to 2030. The key drivers of the market growth are the increasing consumption of alcohol by young people and the elderly, the overuse of prescribed medications, and the rising use of narcotics. The demand for drug testing is also anticipated to increase due to the increased instances of illegal drug use and the rising crime rates linked to drug misuse. There is more competition among manufacturers, and those developing innovative products across a wider range of categories are capturing a larger share of the market.

Technologies such as gas chromatography-mass spectrometry (GC-MS), liquid chromatography-mass spectrometry (LC-MS), and enzyme-linked immunosorbent assay (ELISA) are used in this category. Quest Diagnostics uses GC-MS technology, which identifies and quantifies drugs in complex biological samples and separates the components of a sample based on their volatility and mass-to-charge ratio. Labcorp uses ELISA technology that uses enzymes to detect the presence of drugs in blood or urine samples.

This category is highly fragmented with many companies offering a variety of products and services. It includes a mix of large, established companies as well as smaller, specialized companies that focus on specific types of testing or serve niche markets. There are many companies that provide services outside of the traditional laboratory setting such as point-of-care testing devices and at-home drug testing kits.

Suppliers often use a volume-based pricing strategy. Suppliers frequently offer discounts and other incentives to customers who require numerous tests, which in turn helps the suppliers to increase their sales. Additionally, it provides a cost-effective choice for individuals who require ongoing or recurring services. The cost of the equipment, which includes drug testing kits that range from USD 2 to USD 350 depending on the accuracy and kind of sample, is a significant cost component. The typical cost of other equipment, including sterilizing supplies, lab coats, and other sanitary things, is typically between USD 200 - USD 500. The cost of insurance, which must be purchased to cover losses and damages that may result from conducting testing, is another significant cost component. It includes property and general liability and may cost between USD 500 - USD 2,500.

The United States and China are the global leaders in this category as they are heavily investing in research and development to improve the accuracy and efficiency of drug testing technologies. Choosing a trustworthy supplier with a track record of delivering high-quality goods and first-rate customer service is the finest sourcing strategy in the category. Another key parameter to consider is whether the goods adhere to industry norms and rules. Observing OSHA's (Occupational Safety and Health Administration) standards, for instance. In order to prevent tampering or contamination and to guarantee the integrity and authenticity of the results, it is essential to maintain a safe and documented chain of custody for samples.

Drug Testing Procurement Intelligence Report Scope