Albany, NY -- (SBWIRE) -- 05/04/2018 -- Therapeutic drug monitoring (TDM) is the clinical practice of determining the concentration of a specific drug in a patient's bloodstream at different intervals. Therapeutic drug monitoring (TDM) helps to sustain a constant volume of drug in bloodstream required to show therapeutic effects without toxic effects, thereby optimizing individual dosage regimens. Therapeutic drug monitoring (TDM) is generally not deployed for majority of drugs, rather it is used primarily for monitoring drugs with narrow therapeutic window, medicines for which required concentrations are challenging to monitor, drugs with marked pharmacokinetic variability, and drugs known to cause adverse effects. TDM begins with the initiation of medication, and involves determining a preliminary dosage regimen suitable for the clinical state and patient characteristics as age, body mass index, weight, organ function, and associated drug therapy. TDM serves in assessing the efficiency and safety of a medication when administered into the individual patient.
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Geographically, the therapeutic drug monitoring (TDM) market can be segmented into North America, Europe, Asia Pacific, Middle East and Africa and Latin America. North America is estimated to hold the largest share of the global therapeutic drug monitoring (TDM) market due to the presence of superior health care base, strong regional economics, and greater emphasis on prevention and wellness by government. This trend is also reflected in other countries. The therapeutic drug monitoring (TDM) market in Europe is expected to witness rapid growth, attributed to high consciousness about wellbeing in the region coupled with increasing spending on healthcare services. Countries such as China, Japan, and India in the Asia Pacific are poised to be the most promising markets for therapeutic drug monitoring (TDM) in the near future. Major factors for the positive outlook are extensive development of health care infrastructure, and growing emphasis on research and development in the health care sector.
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.
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In terms of region the dendritic cell and CAR-T therapies market has been segmented into North America, Latin America, Europe, Middle East & Africa, and Asia Pacific. North America and Europe dominate the market. Rising prevalence of disease, world class diagnosis techniques, growing awareness among people, and increasing geriatric population are driving market in these regions. High investment in R&D activities and presence of African American population who are susceptible to cancer are boosting the market in the U.S. The market in Asia Pacific is projected to expand at a sluggish pace during the forecast period. Rising awareness regarding cancer, favorable government initiatives, advanced diagnosis laboratories with novel immunotherapies are driving the market in Asia Pacific. Increasing investment in research & development of immunotherapy and targeted therapies is creating a factor triggering the expansion of the market in Asia Pacific. Latin America and Middle East are projected to hold minimum share of the market due to late adoption of advanced technologies.
Major players operating in dendritic cell and CAR-T therapies market includes Novartis AG, Kite Pharma, Eureka Therapeutics, Fortress Biotech, Immune Therapeutics, Juno Therapeutics, Sorrento therapeutics, TILT Biotherapeutics, and Ziopharm.
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