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Drugs of Abuse Testing Market | Industry Key Players - Alere, Inc., Laboratory Corporation of America Holdings, F. Hoffmann-La Roche AG, Thermo Fisher Scientific, Inc., Drägerwerk AG & Co. KGaA, Siemens Healthcare, Express Diagnostics International

06-19-2019 09:52 AM CET | Health & Medicine

Press release from: MRRSE

Drugs of Abuse Testing Market

Drugs of Abuse Testing Market

The abuse of drugs—illicit and medication drugs—has become rampant, posing risk to loss in workplace productivity; public safety; and repercussion on the health and welfare of the drug abuser, thereby compelling various governmental and NGOs to counter drug abuse. Drug testing is profoundly being used as a dissuasion to illicit drug use. As such, drug abuse testing is meant to document drug abuse among job applicants, patients, athletes, students and employees.

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These actionable insights are according to the intelligence report, titled, “Drugs of Abuse Testing Market—Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018-2026,” which has been of late added to Market Research Reports Search Engine’s (MRRSE) ever-expanding repository.

Though most employers tend to focus their drug testing efforts on job candidates, an increasing number of employers are testing current employees, too through random programs. Substance addiction or abuse has led to decreased attendance and missed deadlines. Productivity that is tapering off leads to dwindling profits and drug abuse also emanates theft—an extra break on profits.

Drug abuse has led to sharp rise in the medical cost for business owners. According to the U.S. Department of Justice, drug abuse may cost business owners in the U.S. more than $140 billion a year. As such, work place drug testing has facilitated employers to contain their health cost and health insurance premiums by lowering drug-induced illness and on-the-job accidents. With the win-win situation lowering cost for employers and enhancing health of employees, drug abuse testing has surged inevitably over the years.

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Qualitative and quantitative analysis propel the report on the drugs of abuse testing market. In addition, the report comprehensively focuses on facets in the market that are expected to have impact on the development of the drugs of abuse testing market in both small- and large-scale. Those facets include drivers, trends, opportunities, and restraints. Nonetheless, the report also focuses on segmentation of the market that aims at providing an exhaustive analysis on drugs of abuse testing.

Furthermore, the report delves into benchmarking which is aimed at analyzing the performance of the products, solutions and business processes. Benchmarking also focuses on the strategy of rival companies— both within and outside the industry to remain ahead in the market.

The in-depth and robust analysis of the competitive landscape of the drugs of abuse testing market depends upon Porters’ Five Force Analysis. In addition, the Porters’ Five Force Analysis presents invaluable analysis on the potential strategies of the leading players in the drugs of abuse testing market. Nevertheless, the business strategies counts on product portfolio, recent development, company profile, SWOT analysis, and key differentiation.

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The report on drugs of abuse testing counts on primary research and secondary research that offers deep dive and intelligence insights on the market. In doing so, the report offers deep-dive insights, veracious projections pertaining to market size, and historical data. In addition, the report cash in on authentic and honest sources that have significant bearing in preparation of the report. Meanwhile, the report also hinges upon primary sources that is fostered by honest and intelligent analysis from well-grounded experts, telephonic interview and thorough analysis from seasoned analyst, and surveys. In addition, the secondary sources incorporates EC filing, Factiva, press release, trade journals, governmental websites and resourceful database. The research report transpires as a repository of assessment and information for drugs of abuse testing market.

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