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Synthetic drug is pharmaceutical medication created through man made engineering in contrast to natural ingredients. They are also known as new psychoactive substances (NSPs) and aim at mimicking the effects of illegal drugs including cannabis and cocaine. Major types of synthetic drugs include synthetic cannabinoids, piperazines, and synthetic cathinones. Few of the side effects associated with intake of synthetic drugs include dry mouth, euphoria, increased appetite, and feeling of wellbeing. Furthermore some toxic effects associated include seizures and strokes. Some of the famous synthetic drugs are spice or K2, bath salts, gravel, DMT, and molly. One of the major concern associated with the use of synthetic drugs is its addiction among the youth. Youth comprise almost half of the recipients of these drugs. This is attributed to reasons such as cheap prices and easy availability around gas stations, smoke and head shops. Additionally, current regulatory frameworks in many regions have failed to keep track of abuse of these drugs among the youth.
COVID-19 Impact Analysis
Pharmaceutical and biotech companies together with governments around the globe are working to address the COVID-19 outbreak, from supporting the development of vaccines to planning for medicine supply chain challenges. Currently, around 115 vaccine candidates and 155 molecules are in the R&D pipeline. Moreover, commonly used drugs such as hydroxychloroquine have witnessed a dramatic surge in demand for the management of COVID-19. Such high demand for these drugs has presented huge opportunities for manufacturers of COVID-19 management drugs, as many developed countries are facing shortage of these drugs. Thus, the pharmaceutical and biotechnology industries are expected to witness a significant growth in the future, owing to the demand for vaccine and treatment drugs for COVID-19. This, in turn, is expected to have a significant impact on the global synthetic drugs market.
Top Impacting Factors
Key Market Trends
Key Benefits of the Report
Questions Answered in the Synthetic Drugs Report
Synthetic Drugs Market Report Highlights
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Key Market Players | Insys Therapeutics, Inc., CB Therapeutics, Inc., Mylan N.V., Emerald Health Pharmaceuticals, Ginkgo Bioworks, Renew Biopharma, Hyasynth Biologicals, Inc., Alkem Labs, Lygos Inc., Noramco, KBL Merger Corp. IV |
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