Therapeutic Drug Monitoring Market To Discern Steadfast Expansion by 2025 | Global Key Vendors -Roche, Thermo Fisher, Beckman Coulter, Agilent, Quest Diagnostics, Bio-Rad, Omnica

Global Therapeutic Drug Monitoring Market Synopsis:

The report covers a forecast and an analysis of the Therapeutic Drug Monitoring Market on a global and regional level. The study provides historical data for 2015, 2016, 2017 and 2018 along with a forecast from 2020 to 2025 based on revenue (USD Million) and volume (Kilotons). The study includes drivers and restraints of the Therapeutic Drug Monitoring Market along with the impact they have on the demand over the forecast period.

Major key factors driving the growth of the Global Therapeutic Drug Monitoring Market are increasing number of organ transplant procedures and the use of Therapeutic Drug Monitoring in traditional anticancer therapies. Furthermore, Drug monitoring aids the healthcare practitioners to monitor and maintain the drug concentration range in blood or plasma, within the defined therapeutic window, which is specific to a drug. The Therapeutic Drug Monitoring is the primary diagnostic tool employed to deliver an optimized dose of the drugs that are known to cause adverse drug reactions (ADRs), to define the drug concentration-response relationship, and the pharmacokinetic parameters of the drug entities that influence the drug metabolism patterns, with the aim of achieving better therapy outcomes in patients.

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On the basis of geographic analysis, North America is expected to account for the largest share of this market in 2018, followed by Europe. Growth in the North American market is mainly driven by the increasing per capita healthcare expenditure and the presence of technologically advanced healthcare infrastructure in the region. The Therapeutic Drug Monitoring Market in the APAC is projected to register the highest growth rate of during the forecast period. Asian countries, particularly China, India, and Japan, show the highest growth rates in terms of healthcare spending.

This report contains a complete product overview and its scope in the market to define the key terms and provide the clients a holistic idea of the market and its tendency. It comprehensively evaluates the Global Therapeutic Drug Monitoring Market with different perspectives for the purpose of providing a detailed, informative, and accurate analysis of regional growth, competition, market segmentation, and other important aspects.

Global Key Players:

1 Roche AG

2 Siemens Healthineers

3 Thermo Fisher Scientific

4 Beckman Coulter

5 Agilent Technologies

6 BioMérieux

7 Sekisui Medical

8 Grifols

9 Ortho-Clinical Diagnostics

10 Quest Diagnostics

11 Tosoh

12 Bio-Rad

13 ALPCO

14 BIOHIT Healthcare

15 ARK Diagnostics

16 Probe Scientific and More………………….

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Product Type Segmentation

1 Chemiluminescence Immunoassay (CLIA)

2 Fluorescence Immunoassay (FPIA)

3 Radioimmunoassay (RIA)

4 Colorimetric Immunoassay

5 Other Immunoassays

Industry Segmentation

1 Antiepileptic Drugs

2 Immunosuppressant

3 Antitumor Drugs

4 Psychotropic Drugs

5 Antibiotic/Antifungal/Cardiovascular Drugs/Antiasthmatic

Worldwide Medical Industry News:

Thermo Fisher Scientific (July 13, 2020) - Thermo Fisher Scientific and First Genetics JCS Partner to Develop Next-Generation Sequencing-Based Diagnostics in Russia - Thermo Fisher Scientific and First Genetics JCS, a manufacturer of diagnostic equipment and IVD kits intended to advance molecular genetic technologies into clinical practice, today announced a strategic partnership focused on commercializing next-generation sequencing (NGS)–based diagnostics in Russia. The agreement enables First Genetics to market its F-Genetics NGS System and IVD assays to Russian labs for reproductive health testing and cancer diagnostics. The F-Genetics System is based on Thermo Fisher's Ion GeneStudio S5 System.

First Genetics has already received its first registration certificate for an IVD kit by Roszdravnadzor, the Russian medical device regulatory agency. The company's Reproline kit is now approved for detecting chromosomal abnormalities in embryos on the F-Genetics NGS System prior to IVF implantation. While IVF is now government-funded as part of Russia's policy to help boost the national birth rate, preimplantation genetic testing for aneuploidies (PGT-A) had not previously been certified in Russia. The certification now enables Russian prenatal centers, which have doubled in number over the last decade, to leverage PGT-A.

"High-throughput technologies for genetic analysis are the future of molecular diagnostics," said Nikolai Kuznetsov, CEO, First Genetics. "Today we have expanded applications of NGS into reproductive medicine in Russia, and in the future, we intend to offer clinically certified solutions for other clinical applications, such as oncology testing. This is our contribution to the development of clinical diagnostics in Russia."

Thermo Fisher has entered into a number of agreements with assay developers like First Genetics to expand the use of NGS-based molecular diagnostics in the clinic and to advance precision medicine globally. Similar partnerships with other organizations have led to approvals by regulatory agencies in China, the United States and Europe.

"It is our mission to help bring molecular testing to all parts of the world so those who need it most can benefit from the genetic information next-generation sequencing provides," said Yan Zhang, general manager, reproductive health at Thermo Fisher. "We are pleased that couples in Russia now have access to First Genetics' solutions to assist in family planning and reduce the emotional burdens they face while undergoing fertility treatment."

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Major Points in Table of Contents:

Global Therapeutic Drug Monitoring Market Report 2020

1 Therapeutic Drug Monitoring Product Definition

2 Global Therapeutic Drug Monitoring Market Manufacturer Share and Market Overview

2.1 Global Manufacturer Therapeutic Drug Monitoring Shipments

2.2 Global Manufacturer Therapeutic Drug Monitoring Business Revenue

2.3 Global Therapeutic Drug Monitoring Market Overview

2.4 COVID-19 Impact on Therapeutic Drug Monitoring Industry

3 Manufacturer Therapeutic Drug Monitoring Business Introduction

3.1 Roche AG Therapeutic Drug Monitoring Business Introduction

3.2 Siemens Healthineers Therapeutic Drug Monitoring Business Introduction

3.3 Thermo Fisher Scientific Therapeutic Drug Monitoring Business Introduction

3.4 Beckman Coulter Therapeutic Drug Monitoring Business Introduction

3.5 Agilent Technologies Therapeutic Drug Monitoring Business Introduction

3.6 BioMérieux Therapeutic Drug Monitoring Business Introduction

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