Market Trends of Rapid Oral Fluid Screening Device Industry
Strips Segment Holds a Healthy Growth in the Rapid Oral Fluid Screening Device Market.
Strips are used more often as the end-users are opting for them over swabs and cassettes due to the advantages of the strips. Easy portability with the minimum inconvenience involved makes strip a feasible option as compared to other forms of rapid oral fluid screening devices. In addition, strips are highly cost-effective as compared to swabs and cassettes, which is why many prefer using them. Apart from the advantages of the strips, the other set of factors boosting the growth of the segment is the increasing need for screening drugs and alcohol, due to the increase in consumption and addiction. Workplace Testing is a major cohort using strip-based devices.
In addition, according to the Centers for Disease Control and Prevention, in 2021, it has been stated that drug overdose deaths In 2021 Increased half as much as in 2020 within the United States, overdose deaths involving opioids increased from an estimated 70,029 in 2020 to 80,816 in 2021. Overdose deaths from synthetic opioids (primarily fentanyl), psychostimulants such as methamphetamine, and cocaine also continued to increase in 2021 compared to 2020. Thereby, there is a high need for various testing products such as strips in order to carry out drug tests and prevent drug overdosing. Hence this is elevating the growth of the segment.
Moreover, in April 2022, Quest Diagnostics performed drug testing and collected 11 million unidentifiable urine, hair, and oral fluid sample results between January and December 2021. According to Quest Diagnostics the annual drug index data published in March 2022, with 7.5 percent of employees testing were positive for marijuana between January and December 2021. According to the same report, based on over six million urine samples, marijuana had the highest positive rates in the United States workforce increasing by 8.3% in the same period. Hence, the rising consumption of drugs among people is expected to increase the demand for drug screening products such as strips that help in taking samples, in turn, benefitting the overall market growth.
Therefore, the strips segment is expected to witness significant growth over the forecast period due to the abovementioned factors.
North America Has Significant growth the in the Market and Expected to do Same in the Forecast Period
North America is expected to witness significant growth in the market owing to factors such as the high prevalence of drug abuse and tougher regulations and mandates for drug and alcohol testing by the government. An increase in the rapid oral fluid screening devices for rapid results in the United States is among the key factors which contribute to the growth of the studied market in North America.
As per an article titled "Substance Abuse in 2022: How bad is addiction in the United States?", published in 2022, it has been stated that substance abuse and addiction is a tragic experience that directly impacts millions of individuals each year. Alcohol abuse makes up the lion's share of substance abuse in the U.S. population. It accounts for 73% of substance abuse. 37% of the population struggles with illicit drug use and 12% struggle with both alcohol and drug use.
Similarly, according to the same article mentioned above, it states that in 2022 around 3.4% of the American population over the age of 12 years old will misuse opioids at least once over a 12-month span. Thereby, this is elevating the need for rapid oral drug screening devices in order to minimize the crime rate and drug abuse.
Moreover, according to the Centers for Disease Control and Prevention estimates the total financial load of prescription opioid misuse alone in the United States is USD 78.5 billion a year, including the costs of healthcare, lost efficiency, addiction treatment, and criminal justice involvement. Such statistics prove that there is an enormous need for the screening of drug abuse in-home care settings, roadside testing and as well as in workplaces. In such areas, the results should be on the spot and efficient which is why the rapid oral screening devices market is growing at a higher rate in this region.
Therefore, owing to the aforesaid factors the growth of the studied market is anticipated in the North America Region.
