The Therapeutic Drug Monitoring Market studied was anticipated to grow with a CAGR of nearly 7% during the forecast period 2021-2027.
Therapeutic drug monitoring is a test that measures various drugs in the bloodstream. It helps to ensure that the amount of medication administered is effective and does not cause major side effects or reactions. Most drugs can be taken without therapeutic drug monitoring, but some types of antiepileptic, antiarrhythmic, immunosuppressive, antibiotic, and psychotropic drugs require monitoring to ensure safety and effectiveness. Key technologies used for therapeutic drug monitoring include immunoassays, chromatography, proteomics, and spectrophotometry. The growing global elderly population is driving the growth of the market during the forecast period. However, the lack of trained professionals essential to the therapeutic drug monitoring process poses a major challenge for creating demand for the therapeutic drug monitoring industry.
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Market Segments
By Product
- Consumables
- Equipment
By Technology
- Immunoassays
- Chromatography-MS
By Class of Drug
- Antiepileptic Drugs
- Antiarrhythmic Drugs
- Immunosuppressant Drugs
- Antibiotic Drugs
- Bronchodilator Drugs
- Psychoactive Drugs
- Other Drug Classes
Key Players
Key players operating in the therapeutic drug monitoring market include Abbott Diagnostics, Danaher Corporation, F. Hoffmann-La Roche AG, Bio-Rad Laboratories Inc., Siemens Healthcare, Roche Diagnostics, Thermo Fisher Scientific, and Agilent Technologies.
Scope of the Report
The research study analyzes the global Therapeutic Drug Monitoring industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
A full report of Global Therapeutic Drug Monitoring Market is available at: https://www.orionmarketreports.com/therapeutic-drug-monitoring-2-market/72198/
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Therapeutic Drug Monitoring Market Report
1. What was the Therapeutic Drug Monitoring Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
2. What will be the CAGR of the Therapeutic Drug Monitoring Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Therapeutic Drug Monitoring Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Therapeutic Drug Monitoring market.
- The market share of the global Therapeutic Drug Monitoring market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Therapeutic Drug Monitoring market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Therapeutic Drug Monitoring market.
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