SAN FRANCISCO, July 18, 2018 /PRNewswire/ --
Global Therapeutic Drug Monitoring Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are rising enormously across the globe. Therapeutic Drug Monitoring (TDM) is the scientific repetition of determining specific drugs at selected interludes to uphold a constant concentration in a patient's bloodstream, thus enhancing individual dosage routines. Rising knowledge of pharmacokinetics and pharmacogenetics of drugs, developing R&D sectors with enhanced technology and growing occurrence of cancer and psychiatric diseases are documented as major factors of Therapeutic Drug Monitoring Market that are estimated to enhance the growth in the years to come. However, lack of skilled resources and high cost of infrastructure are the factors that may restrain overall market growth in the coming years.
Therapeutic Drug Monitoring Market is segmented based on product type, drug class, technology, end user, and region. Product types such as equipment and consumables classify Therapeutic Drug Monitoring. Equipment comprise polarimeters, immunoassay analyzers, spectrophotometers, proteomics equipment, and thin-layer chromatography systems. Drug class such as Psychoactive Drugs, Antiepileptics, Bronchodilators, Antibiotics, Antiarrhythmic Drugs, Immunosuppressants, and others like Antineoplastic Drugs classify Therapeutic Drug Monitoring. Technology such as Proteomics Technologies, Immunoassays, and others classify Therapeutic Drug Monitoring. End users such as Commercial/Private Laboratories, Hospital Laboratories, Pharmaceutical Companies, Physicians' Offices, Academic Institutions, and Research Institutes classify Therapeutic Drug Monitoring. Therapeutic Drug Monitoring Market is segmented geographically into Americas (North America, South America, and Latin America), Europe (Eastern Europe, Western Europe), Asia Pacific, Latin America, Middle East and Africa.
Globally, North America accounted for the substantial market share and is estimated to lead the overall market in the coming years. The reason behind the overall market growth could be developed healthcare infrastructure, rising healthcare expenditure, and high awareness regarding advantages of therapeutic drugs. The United Sates is a major consumer of Therapeutic Drug Monitoring in the region. Europe and the Asia Pacific are also expected to have a positive influence on the future growth. Europe is the second largest region with significant market share. However, Asia Pacific is expected to grow at fastest pace with the highest CAGR in the foremost period. The developing countries like India and China are the major consumers in this region.
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The key players of Therapeutic Drug Monitoring Market are Danaher Corporation, F. Hoffmann-La Roche AG, Bio-Rad Laboratories Inc., Siemens Healthcare, and Thermo Fisher Scientific. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As companies all over the world have to believe that alliance with a market would permit them proportional market existence and authority to declare the leadership position.
This report studies the global Therapeutic Drug Monitoring market status and forecast, categorizes the global Therapeutic Drug Monitoring market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, Asia-Pacific, South America, and Middle East & Africa. In 2017, the global Therapeutic Drug Monitoring market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx.x% between 2018 and 2025.
The major manufacturers covered in this report
- F. Hoffmann-La Roche AG
- Siemens Healthcare
- Thermo Fisher Scientific
- Bio-Rad Laboratories Inc.
- Danaher Corporation
Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering
- North America
- South America
- Middle East & Africa
The regional scope of the study is as follows:
- North America
- United States
- South Korea
- Rest of Asia-Pacific
- Rest of Europe
- Central & South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- Rest of Middle East & Africa
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
- Blood Test
- Urine Test
- Saliva Test
- Other Test
On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including
- Hospital Laboratories
- Commercial/Private Laboratories
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