logo
logo

Therapeutic Drug Monitoring Market by consumer demand, Growth, Manufacture Sales, Revenue and Industry Share Forecasts by 2026

avatar
Chetan Khachne
Oct 08, 2021 10:51
img

The global Therapeutic Drug Monitoring market was valued at USD 1.21 Billion in 2018 and is expected to reach USD 1.91 Billion by year 2026, at a CAGR of 5.8 %. The study covers Therapeutic drug monitoring - a branch of clinical pharmacology and chemistry, which measures and maintains specific ingredient concentration levels in body fluids or blood streams. The monitoring process is aimed at refining patient care for better outcomes by adjusting the medicine dosage.

Therapeutic Drug Monitoring is available for monitoring wide range of diseases and conditions. Recent emergence of this monitoring technique is proving to be a major disruptive finding in therapeutics sector. In line with this, the market leaders and players are adopting various strategies to provide better solutions in disease monitoring. For instance, In May 2019, Roche, a leader in advanced lab testing partnered with GE Healthcare, an American multinational conglomerate, launched NAVIFY Tumor Board with medical imaging capabilities to enable more personalized treatment decisions in cancer care. The NAVIFY Tumor Board is specifically designed for optimal diagnostics and treatment plan for cancer patients.

Rising number of organ transplantation incidences all over the globe, unmet needs of monitoring the patients, increased focus of pharmaceutical companies on development of novel mechanisms for medicine monitoring, upcoming patent expiry, increased public as well private funds for research, and favorable regulatory scenario all over the globe, are some of the key factors propelling market growth in the industry. However, associated reimbursement issues, and dearth of finances for clinical interpretation of the therapeutic drug monitoring results, are the major hindrances for market growth during 2019-2026.

Top Companies Profiled in the Report Include

Hoffmann-La Roche, Bio-Rad Laboratories Inc., Beckman Coulter, Inc., Roche Diagnostics, Siemens Healthineers, Thermo Fisher Scientific, Danaher Corporation, Alpco, Randox Laboratories Ltd., and others

Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/2274

Market Overview:

The pharma and healthcare industry has undergone a revolutionary change owing to the COVID-19 pandemic with individuals increasing their focus on health and wellness. Companies operating in the industry have invested heavily in clinical trials and research studies to develop medications to cater to the growing unmet clinical demand on a global level. Implementation of cutting-edge technology in healthcare sector and increasing investment in research and development have contributed significantly to revenue growth of the market in the recent past. In addition, availability of favorable health insurance and reimbursement policies have also positively impacted the healthcare sector with more and more individuals opting to get treatment at hospital and clinical facilities. Rapid development of novel drugs and pharmaceuticals, increasing incidence of lifestyle and chronic diseases, establishment of state-of-the-art healthcare facilities, and rising availability of over-the-counter medications have significantly contributed to the revenue growth of the market.  

Request a discount on the report @ https://www.reportsanddata.com/discount-enquiry-form/2274

The report has gather vital information about recent mergers and acquisitions, joint ventures, collaborations, partnerships, brand promotions, R&D activities, and government and corporate deals, among others through extensive primary and secondary research. The report also offers detailed analysis of each competitor along with their financial standing, global market position, product portfolio, manufacturing and production capacity, and business expansion plans.

The report offers a comprehensive overview of the regional bifurcation of the market with respect to market share, market size, revenue growth, import/export, production and consumption patterns, macro and micro economic growth factors, regulatory framework, investment and funding opportunities, and presence of key players in each region including North America, Asia Pacific, Latin America, Europe, and Middle East & Africa. The report offers a country-wise analysis to further discuss the revenue growth and lucrative growth opportunities for the Therapeutic Drug Monitoring market in these key regions.

Country-wise regional analysis covers:

  • North America
    • US.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK.
    • BENELUX
    • Italy
    • Spain
    • Switzerland
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Rest of LATAM
  • Middle East & Africa
    • Saudi Arabia
    • UA.E.
    • South Africa
    • Turkey
    • Rest of MEA

To know more about the report @ https://www.reportsanddata.com/press-release/global-therapeutic-drug-monitoring-market

Additionally, the report consists a detailed analysis of the segmentation of the Therapeutic Drug Monitoring market based on product types and end-use/application offered in the Therapeutic Drug Monitoring market.

Product Type (Revenue, USD Million; 2016–2026)

  • Consumables
  • Equipment 

Technology Type (Revenue, USD Million; 2016–2026)

  • Immunoassays
  • Colorimetric Immunoassays 
  • Radioimmunoassays 
  • Other Immunoassays 
  • Chromatography-MS 

Class of Drug Type (Revenue, USD Million; 2016–2026)

  • Antiepileptic Drugs 
  • Antiarrhythmic Drugs 
  • Immunosuppressant Drugs 
  • Antibiotic Drugs 
  • Bronchodilator Drugs 
  • Psychoactive Drugs 
  • Other Drug Classes

End Use (Revenue, USD Million; 2016–2026)

  • Hospital Laboratories 
  • Commercial/Private Laboratories 
  • Other End Users

Thank you for reading our report. For customization inquiry or further information, please connect with us and we will ensure you get the report that meets your requirements.

Read More Reports

Human Insulin Market @ https://www.medgadget.com/2020/03/human-insulin-market-to-reach-usd-50-36-billion-by-2027.html

injectable Drug Delivery Market @ https://www.medgadget.com/2020/03/injectable-drug-delivery-market-to-reach-usd-1208-49-billion-by-2027.html

Medical Membranes Market @ https://www.medgadget.com/2020/03/medical-membranes-market-to-reach-usd-4-56-billion-by-2027.html

About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

Contact Us:                       

John W

Head of Business Development

Reports and Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: [email protected]

collect
0
avatar
Chetan Khachne
Oct 08, 2021 10:51
guide
Zupyak is a free content platform for publishing and discovering stories, software and startups.