Therapeutic Drug Monitoring (TDM) Market 2022 Emerging Trends, Top Players, Growth Insights Forecast To 2028

The research report "Therapeutic Drug Monitoring (TDM) Market: By Drug Type (Antibiotics, Addiction Therapeutics, Alzheimer Disease, Analeptics, Analgesics, Antiarrhythmic, Anticancer, Anticoagulants, Antidepressants, Antiepileptics, Anti-HIV, Antihypertensive, Antipsychotics, Hormones, Immuno-Suppressants, Antifungals), By Technology (Immuno- Assay, Mass Spectrometry, GC-MS/MS, Others), By End User (Hospital Laboratories, Private Laboratories) -Global/Region/Country Forecast to 2028." The global therapeutic drug monitoring market is valued at USD 2.2 billion in 2021 and witnessing a CAGR rate of 4.9% during the forecast period 2022-2028.

View the detailed report description here - https://precisionbusinessinsights.com/market-reports/global-therapeutic-drug-monitoring-market/

Therapeutic Drug Monitoring (TDM) Market Overview:
To maintain a medicine's effective concentration, therapeutic drug monitoring is a multidisciplinary process that measures drug quantities in the bloodstream. It is used to increase drug effectiveness, prevent toxicity and adverse drug reactions (ADR), make dose adjustments easier in accordance with patient needs, and spot therapeutic futility. It is employed particularly for medications with limited therapeutic windows, medications that are tightly linked to proteins, and medications whose metabolite might be hazardous. Therapeutic drug monitoring is a tool used by doctors and hospitals to improve the lives of patients by maximizing the clinical advantages of medicine and limiting its hazardous side effects.

The Therapeutic Drug Monitoring (TDM) Market Growth Factors:
The market for therapeutic drug monitoring is expanding at a faster rate due to personalized medicine, which is fueling consumer demand for improved treatment outcomes with fewer drug side effects. For instance, TDM is primarily utilized for the monitoring of anti-cancer medications, for which numerous oncology journals and associations-among them, the European Journal of Oncology-recommend standard recommendations. Advanced treatment modalities including pharmacogenomics, gene testing, as well as proteomics are also anticipated to support the market's expansion. One of the major factors propelling the expansion of the TDM market is the rise in antimicrobial resistance. Additionally, the market expansion for therapeutic drug monitoring is organ transplant procedures. The mainstay of organ transplant therapy is immunosuppressive medication, which needs TDM to prevent adverse drug reactions (ADR) and side effects.

Request sample report at https://precisionbusinessinsights.com/request-sample?product_id=20609

The Therapeutic Drug Monitoring (TDM) Market Regional Analysis:
The therapeutic drug monitoring (TDM) market is dominated by North America, thanks to the region's strong healthcare infrastructure, high patient awareness of treatment regimens, and high level of patient awareness of adverse drug reactions (ADR). The expansion of therapeutic drug monitoring would be fueled by strict government laws governing safe pharmaceutical practices, particularly when it comes to medications with a limited therapeutic window. The market for therapeutic drug monitoring is expanding due to the rising use of devices including monitors, analytic equipment, reagents, as well as diagnostic tools for drug monitoring.

Contact:
Mr. Satya
Precision Business InsightsTM | Toll Free: +1 866 598 1553
Email: sales@precisionbusinessinsights.com
Kemp House, 152 - 160 City Road, London EC1V 2NX
Web: https://precisionbusinessinsights.com/ | D U N S® Number: 852781747

About Precision Business Insights:
We are a market research company that strives to provide the highest quality market research insights. Our diverse market research experts are enthusiastic about market research and therefore produce high-quality research reports. We have over 500 clients with whom we have a good business partnership and capacity to provide in-depth research analysis for more than 30 countries. In addition to deliver more than 150 custom solutions, we already have accounts with the top five medical device manufacturers. Precision Business Insights offers a variety of cost-effective and customized research services to meet research requirements. We are a leading research service provider because of our extensive database built by our experts and the services we provide.

This release was published on openPR.