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Therapeutic Drug Monitoring Market Revenue Poised for Significant Growth During the Forecast Period of 2021-2027

According to the current analysis of Reports and Data, 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 %.


New York, NY -- (SBWIRE) -- 02/23/2021 -- Reports and Data has recently added a new report titled "Global Therapeutic Drug Monitoring Market Forecasts to 2027" to its ever-expanding repository. The report provides extensive coverage of the Therapeutic Drug Monitoring Market pertaining to market size, share, volume, trends, demands, and advancements in technology and products. The report also discusses in detail the lucrative business opportunities and assists the readers in making strategic investment plans. The report presents a comprehensive overview of the market along with a thorough analysis of the competitive landscape and the regional spread of the market.

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.

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The key players operating in the industry are

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

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


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

Colorimetric Immunoassays
Other Immunoassays

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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

The report further segments the market on the basis of key regions where the market has already established its presence. The regional analysis covers the supply and demand ratio, production and consumption patterns, trends, import/export, and the presence of key manufacturers in the regions.

Regional analysis covers:

North America (U.S., Canada, Mexico)
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)

Table of Contents:

Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018 – 2026
Chapter 3. Indicative Metrics
3.1. Increasing incidences of chronic and infectious diseases
3.2. Use in Monitoring of Biosimilars in Autoimmune Diseases
3.3. Technological advancements
3.4. Operational Barriers Faced while Conducting TDM Tests
Chapter 4. Therapeutic Drug Monitoring Segmentation & Impact Analysis
4.1. Therapeutic Drug Monitoring Segmentation Analysis

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Key Highlights from the Therapeutic Drug Monitoring Market Report:

Comprehensive overview of the Therapeutic Drug Monitoring Market along with detailed analysis of the current and emerging trends of the industry.
Detailed analysis of the competitive landscape of the market with company profile, product portfolio, and expansion strategies
Comprehensive assessment of the mergers and acquisitions, joint ventures, partnerships, and other collaborations
In-depth regional analysis to provide a detailed understanding of the market spread and competition in key regions of the market
Complete assessment of the risks, trends, demands, opportunities, and threats in the industry
Strategic recommendations to the new players and established countries to assist them in gaining a strong foothold in the market

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