Drug Screening Market Growth is set to be driven by the Growing Drug Usage after the COVID-19 pandemic - PowerPoint PPT Presentation

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Drug Screening Market Growth is set to be driven by the Growing Drug Usage after the COVID-19 pandemic

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Global Drug Screening Market is estimated at $4.8 Bn (2020) growing at a CAGR of 15.8% through 2020-2025. – PowerPoint PPT presentation

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Title: Drug Screening Market Growth is set to be driven by the Growing Drug Usage after the COVID-19 pandemic


1
Global Drug Screening Market Growth By Top
Leading Players Orasure Technologies, Quidel,
Thermo Fisher, DrugScan, Inc.
2
Drug screening is majorly used at workplaces for
testing employees, in the criminal justice
system, pain management clinics, Federal drug
testing programs and in hospitals. Global Drug
Screening Market is estimated at 4.8 Bn (2020)
growing at a CAGR of 15.8 through 2020-2025.
Growing drug usage after the COVID-19 pandemic
and an increase in the abuse of illicit drugs
like cannabis are the main factors driving the
drug screening market growth. COVID-19 pandemic
led to increase in drug abuse In the wake of the
COVID-19 crisis, more than 100 million people
lost their jobs. Globally, there is an increase
in mental health issues. This may have led to an
increase in drug abuse. In parallel, drug
traffickers have quickly recovered from initial
setbacks caused by lockdown restrictions, driven
in part by a rise in the use of technology (drug
traffickers using online platforms etc.) and
cryptocurrency payments that are operating
outside the regular financial system. The demand
for drug screening services/products is projected
to rise as a result of these factors. The
pandemic fueled discussions about substance use
disorders (SUDs), as drug and alcohol use along
with the associated deaths from their overdoses
increased. Confusion, loneliness, and
unemployment caused more people to either
start/increase drugs and alcohol consumption,
when many treatment centers and support groups
were unavailable during the pandemic CEO,
Leading Drug and Alcohol Screening Laboratory
3
Explore Premium Report on Drug Screening Market
_at_ https//meditechinsights.com/global-drug-screeni
ng-market/ The U.S. witnessed a 30 increase in
deaths related to drug overdose in 2020 During
the COVID-19 pandemic, the U.S. witnessed a worse
substance abuse crisis. During the pandemic, more
than one in ten adults started or increased their
alcohol or drug usage. Drug overdose-related
deaths increased as a result of this. According
to CDC statistics, deaths due to drug overdose
(primarily driven by opioids) recorded 30
increase in 2020 and reached over 93,000 from
about 72,000 deaths in 2019. The need for drug
screening in the US has significantly increased
as a result. Regional Adoption Drug Screening
Market Comprehensive regional assessment of the
global drug screening market suggests that U.S.
is presently the largest market for drug
screening. The major reason being - drug
screening is mandatory/legal for all private or
public employees in the U.S. The employers are
allowed to perform random tests for their
existing employees as well as pre-employment test
in case of hiring new employees. Pre-employment
or random screening, however, is banned in
several European countries. The unfavorable
regulations have been the major obstacle for
growth in the European drug screening
market. Competitive Landscape Analysis of Drug
Screening Market Some of the key players in
global drug screening market are Quest
Diagnostics, Abbott, LabCorp, Clinical Reference
Laboratory, Inc., Orasure Technologies, Quidel,
Thermo Fisher, DrugScan, Inc., Lion Laboratories,
Drägerwerk, and Intoximeters.
4
For More Detailed Insights, Contact Us
_at_ https//meditechinsights.com/contact-us/ About
Medi-Tech Insights Medi-Tech Insights is a
healthcare-focused business research insights
firm. Our clients include Fortune 500 companies,
blue-chip investors hyper-growth start-ups. We
have completed 100 projects in Digital Health,
Healthcare IT, Medical Technology, Medical
Devices Pharma Services. Contact Ruta
Halde Associate, Medi-Tech Insights 32 498 86 80
79 info_at_meditechinsights.com
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