The Global Therapeutic Drug Monitoring (TDM) Market is projected to reach USD 2.7 billion by 2028 from USD 1.6 billion in 2020, at a CAGR of 9% during the forecast period 2022-2028.
Therapeutic drug monitoring is a multidisciplinary practice of measuring the amount of a drug in the bloodstream to maintain an effective concentration. It is used to maximize the efficacy of drugs, prevent toxicity and adverse drug reactions (ADRs), facilitate dose adjustment based on patient requirements, and identify treatment failures. It is especially used for drugs with a narrow therapeutic range, drugs with high protein binding rates, and drugs whose metabolites can be toxic. Physicians and hospitals use therapeutic drug monitoring to maximize the clinical benefits of drugs by improving patients’ quality of life by minimizing toxic side effects.
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Market Segments
On the basis of product type
- Equipment
- Consumables (Assay kits)
On the basis of technology
- Enzyme Immunoassay
- HPLC
- LC/MS
- GC/MS
- Fluorescence Polarization Immunoassay
- Mass Spectrometry
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 (TDM) 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
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 (TDM) Market Report
1. What was the Therapeutic Drug Monitoring (TDM) Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of Therapeutic Drug Monitoring (TDM) Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Therapeutic Drug Monitoring (TDM) 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 (TDM) market.
- The market share of the global Therapeutic Drug Monitoring (TDM) 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 (TDM) market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Therapeutic Drug Monitoring (TDM) market.
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