Therapeutic Drug Monitoring Market Size, Share, Trends, COVID-19 impact, Growth Analysis Report and Industry Forecast (2021 to 2030)

The latest market study announced by Absolute Markets Insights to its extensive repository contains brief and comprehensive information on Therapeutic Drug Monitoring Market. The report is structured in a way that it helps readers make proper decisions in the businesses. The research report also includes an in-depth analysis of various market segments such as type, size, applications, and end-users. It provides different aspects of the market sector which can be identified as significant market driving and restraining factors.

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Technological advancements in healthcare sector have brought personalized medicine into practice. Therapeutic drug monitoring is form of personalized medicine technology which enables individualization of medicine dosage by analyzing and maintaining plasma or blood drug concentrations within a target range. Therapeutic drug monitoring has evolved considerably in past few years with development of highly efficient and portable solutions which enable on-site or point-of-care therapeutic drug monitoring. This shift of therapeutic drug monitoring from laboratory-based settings to near patient settings has decreased the wait time and costs associated with delayed treatments.

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Key Findings of the Report:
• The global therapeutic drug monitoring market was valued at US$ 1465.62 Mn in 2021 and is anticipated to witness a compound annual growth rate of 6.27% over the forecast period owing to the significant rise in chronic diseases.
• The growing prevalence of cardiovascular disease amongst worldwide population coupled with the need for analyzing effects of drugs in these patients is driving the share of cardiac drugs in global therapeutic drug monitoring market.
• Fluorescence immunoassay technology contributed for a significant share of global therapeutic drug monitoring market owing to its high specificity, reliability and ease of handling.

Key players operating in the therapeutic drug monitoring market:
Abbot, Agilent Technologies, apDia Group, ARK Diagnostics, Inc., Beckman Coulter, Inc., bioMérieux S.A., Bio-Rad Laboratories, Inc., BioTeZ Berlin Buch GmbH, BÜHLMANN, Chromsystems Instruments & Chemicals GmbH, Exagen, Inc., F. Hoffmann-La Roche Ltd, Hamilton Company, Immundiagnostik AG, Quest Diagnostics Incorporated, Randox Laboratories Ltd., R-Biopharm AG, SEKISUI CHEMICAL CO., LTD., Siemens Healthcare Private Limited, THERADIAG, Thermo Fisher Scientific Inc. and UTAK amongst others.

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Global Therapeutic Drug Monitoring Market:
• By Drugs
o Antibiotics
o Cardiac Drugs
o Antiepileptics
o Bronchodilators
o Immunosuppressants
o Anti-cancer drugs
o Psychiatric drugs
o Antiarrythmics
o Others

• By Products
o Consumables
o Equipment
 Immunoassay Analyzers
 Chromatography and MS Detectors
 Others
o Others

• By Technology
o Fluorescence Immunoassay
o Chemiluminescent Immunoassays
o Radioimmunassay
o Thin Layer Chromatography
o Radio immuno assay
o Enzyme immune assay
o Spectrophotometry and Fluorimetry
o Others

• By End Users
o Hospitals & Clinics
o Diagnostic centers
o Research institutes
o Others

• By Region
o North America
 U.S
 Canada
 Mexico
 Rest of North America
o Europe
 France
 The UK
 Spain
 Germany
 Italy
 Nordic Countries
 Denmark
 Finland
 Iceland
 Sweden
 Norway
 Benelux Union
 Belgium
 The Netherlands
 Luxembourg
 Rest of Europe
o Asia Pacific
 China
 Japan
 India
 New Zealand
 Australia
 South Korea
 Southeast Asia
 Indonesia
 Thailand
 Malaysia
 Singapore
 Rest of Southeast Asia
 Rest of Asia Pacific
o Middle East and Africa
 Saudi Arabia
 UAE
 Egypt
 Kuwait
 South Africa
 Rest of Middle East & Africa
o Latin America
 Brazil
 Argentina
 Rest of Latin America

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