Therapeutic Drug Monitoring Market: An In-Depth Exploration of the Industry
Emergen Research’s latest market research report focuses on the global Therapeutic Drug Monitoring Market, and the report provides in-depth analysis of each of its major segments. Reports about the global Therapeutic Drug Monitoring Market provide a comprehensive overview of the market, including market size, revenue growth rate, industry statistics, revenue shares among regional markets, gross profits, production costs, and product portfolios. The report also highlights the most important factors influencing industry revenue growth, including drivers, opportunities, trends, restraints, challenges, demand and supply ratios, production and consumption patterns, strict regulatory frameworks, and a multitude of micro-economic and macro-economic factors. Therapeutic Drug Monitoring industry projections and qualitative and quantitative assessments have been provided by the report's authors.
The global therapeutic drug monitoring market size reached USD 1.75 Billion in 2021 and is expected to register a revenue CAGR of 9.3% during the forecast period, according to latest analysis by Emergen Research. Therapeutic Drug Monitoring (TDM) market revenue growth is driven by factors such as increasing preference of precision medicine, importance of TDM across various therapeutic fields, importance of TDM in organ transplant procedures, growing focus on R&D related to TDM, increasing adoption in the treatment of autoimmune diseases and technological advancements.
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The report contains updated information about the ongoing COVID-19 pandemic and acts as an accurate analysis of the COVID-19 impact on the Therapeutic Drug Monitoring market. The report draws attention to the COVID-19 impact on the market and its crucial segments. As per the report, the current pandemic is one of the major contributing elements for the potential decline of the market in the coming years. The business sector has been drastically affected by the pandemic, which has adversely altered the market dynamics and demand trends. Financial difficulties brought by the pandemic have delayed the progress rate of various businesses and disrupted the global supply chains. The report further provides a future impact assessment of the Therapeutic Drug Monitoring market concerning COVID-19.
Additional information offered by the report:
- Along with a complete overview of the global Therapeutic Drug Monitoring market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
- The report elaborates on the global Therapeutic Drug Monitoring market size and share governed by the major geographies.
- It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
- It further presents a detailed description of the company profiles of the key market contenders.
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Therapeutic Drug Monitoring market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
Key Companies Profiled in the Report are:
Abbott, Thermo Fisher Scientific Inc., F. Hoffmann-LA Roche Ltd., Siemens Healthcare GmbH, Danaher, Bio-Rad Laboratories, Inc., BIOMÉRIEUX, Grifols, S.A., Exagen Inc., apDia Group
The research report offers a comprehensive regional analysis of the market with regards to production and consumption patterns, import/export, market size and share in terms of volume and value, supply and demand dynamics, and presence of prominent players in each market.
Regional Analysis Covers:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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The report bifurcates the Therapeutic Drug Monitoring market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Therapeutic Drug Monitoring Market Segmentation:
-
Product Outlook (Revenue, USD Billion; 2019-2030)
- Consumables
- Equipment
- Immunoassay Analyzers
- Chromatography & MS Detectors
- Clinical Chemistry Analyzers
- Others
-
Technology Outlook (Revenue, USD Billion; 2019-2030)
- Immunoassays
- Chemiluminescence Immunoassays
- Fluorescence Immunoassays
- Colorimetric Immunoassays
- Radio Immunoassays
- Chromatography-MS
- Liquid Chromatography-MS
- Gas Chromatography-MS
- Immunoassays
-
Class of Drugs Outlook (Revenue, USD Billion; 2019-2030)
- Anti-Epileptic Drugs
- Anti-Arrhythmic Drugs
- Immunosuppressant Drugs
- Antibiotic Drugs
- Bronchodilator Drugs
- Psychoactive Drugs
- Other Drugs
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