Rapid Oral Fluid Screening Devices Market Analysis & Forecast, 2020 – 2025

The global rapid oral fluid screening devices market generated revenue of US$ 387.7 million in 2020 and is expected to reach US$ 554.2 million by 2025, with a CAGR of 7.4% in the forecast period. Increasing consumption of alcohol & drugs and rising rates of implementation of strict laws & mandates to control drug abuse are the two major factors driving the growth of the rapid oral fluid screening devices market, globally. Growing rates of consumption of alcohol and drugs is the main factor fueling the demand for usage of drug screening devices. With the increasing consumption of alcohol and drugs, demand for their testing has increased to prevent accidents due to drink & drive cases, drug abuse, and mandate usage of drugs, to maintain law enforcement. Thus, this is increasing the demand for usage of rapid oral fluid screening devices as they possess advantages such as feasible testing and rapid results, compared to other drug screening devices.

The rapid oral fluid screening devices market report offers a comprehensive market analysis of the different segments and regions that lets readers make crucial business-related decisions with a wealth of information enclosed in this report. The research report offers both qualitative and quantitative information on the global rapid oral fluid screening devices market. In qualitative terms, the rapid oral fluid screening devices market report provides insights into numerous factors, such as market determinants, value chain analysis, emerging trends, growth opportunity analysis, Porter five-force model analysis, and macro-economic factors, segment analysis, regional analysis at a granular level. Similarly, in quantitative terms, the report provides historical and forecast market numbers of rapid oral fluid screening devices in various segments such as by type, application, and end-user at global, regional, and country-level. Also, the report provides a detailed analysis of the market vendors and their product offerings. The report also covers details of the competitive market environment and includes information on the capabilities and competencies of market vendors.

Segment Analysis

• Strips segment accounts for the dominating position in the market. 
  • Based on types, the rapid oral fluid screening devices market is segmented into strips, cassettes, and swabs. The strips segment holds the dominating position in the market in 2020 and is expected to grow with the highest CAGR during the forecast period. Owing to the increasing rates of alcohol and drug consumption, the need for drug screening has increased. Strips are more efficient, reliable, & cheap compared to swabs and cassettes and provide results at a rapid pace. Thus, demand for usage of strips is increasing and this, in turn, is driving the growth of the rapid oral fluid screening devices market, at the global level.
• Workplace testing application is expected to grow with the highest CAGR in the forecast period.
  • Based on application, the rapid oral fluid screening devices market is segmented into criminal justice systems, workplace testing, and others. The workplace testing segment holds a dominant market position in 2020 and is expected to remain dominant over the forecast period. Due to growth in safety concerns at the workplace and to follow the government laws related to drug use, drug testing has been made mandatory. And this is providing a boost to the demand for oral drug screening devices, thus, in turn, fueling the growth of the rapid oral fluid screening devices market, on a global scale.
• The hospital segment accounts for the dominating position in the market.
  • Based on end-user, the rapid oral fluid screening devices market is segmented into hospitals, forensic laboratories, private employers, clinics, and law enforcement facilities. The hospital segment holds the dominating position in the market in 2020 and is expected to grow with the highest CAGR during the forecast period. Hospitals contain a large pool of patients related to the treatment and diagnosis of all kinds of health issues related to drug abuse and excess alcohol & narcotics consumption. Thus, due to these reasons, the hospital segment attributes to the largest market share in providing growth to the rapid oral fluid screening market, from an end-user point of view.
• North America accounts for the dominating position in the market.
  • Based on the region, the rapid oral fluid screening devices market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America is expected to contribute to the larger market share in 2020. The United States and Canada are the largest market-driven countries in this region. Owing to the increasing consumption of narcotics and alcohol, among all age groups, this is driving the need for screening of drug usage in the North American region. Rapid oral screening devices are cheap and provide rapid results compared to other drug screening devices, thus, this, in turn, is providing market growth to the rapid oral fluid screening devices, globally. For instance, 3.3 million deaths are registered every year due to excess alcohol consumption, globally. (Source: WHO).
• Rapid oral fluid screening devices Market Players:
  • Some of the major players of rapid oral fluid screening devices market are Abbott Laboratories, Orasure Technologies, Oranoxis Inc., Premier Biotech Inc., Screen Italia SRL, UCP Biosciences, Medaxc Ltd., Accubiotech Ltd., Guangzhou Wondfo Biotech Co. Ltd., ecuretec Detektions-Systeme AG, Lifeloc Ltd., Geratherm Medicals, Tritech Forensics, and Biosynex Inc. The study also focuses on different business or inorganic market growth strategies through technology advancement, business expansion, alliances, and mergers and acquisitions to create disruptive technologies and consumer networks.
• Key questions the report answers
  • Which factors will contribute to a change in the demand for rapid oral fluid screening devices during the evaluation phase?
  • What are the major driving factors that accelerate the growth of the market?
  • What are the restraints which hinder the growth of the market?
  • What segment offers the most development opportunities?
  • Which region provides the key growth opportunity to the market?
  • Who are the major industry players?
  • What are the key strategies adopted by the market players?