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19-Feb-2019

Therapeutic Drug Monitoring Market Consumption Volume, Competitive Dynamics And Worldwide Overview 2028

Therapeutic drug monitoring is used to determine dose at which a drug will be the safest and effective. Therapeutic drug monitoring is used during treatment and for diagnostic purposes in order to know the concentrations of drugs in body fluids, usually plasma. The selection of drugs for therapeutic drug monitoring is important as the concentrations of many drugs are not clearly related to their effects. For selected drugs therapeutic drug monitoring aims to enhance drug efficacy, reduce toxicity or assist with diagnosis.

Major factor driving growth of the global therapeutic drug monitoring market is rising geriatric population in develop and developing countries and increasing demand for better healthcare facilities. In addition, development of innovative tools in medication management are some other factors expected to support growth of the global market.

The global therapeutic drug monitoring market report has been segmented on the basis of product type, drug class, end user, and region.

The product type segment in the global target market is segmented on the basis of equipment and consumables. The equipment segment is expected to contribute significant revenue share in the global market over the forecast period.

The drug class segment in the global target market is segmented on the basis of antiepileptic drugs, antiarrhythmic drugs, immunosuppressant drugs, antibiotic drugs, bronchodilator drugs, and psychoactive drugs. The antibiotic drugs segment is expected to contribute significant revenue share in the global market over the forecast period.

The end user segment in the global target market is segmented on the basis of commercial/private labs and hospital labs. The hospital labs segment is expected to contribute significant revenue share in the global market over the forecast period.

On the basis of region, the global target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

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North America is expected to dominate the global market and is expected to continue its dominance over the forecast period. This can be attributed increasing investment for R&D activates and presence of major players operating in the countries in this region. The markets in Latin America and Middle East & Africa are expected to witness moderate growth over the forecast period.

Key players operating in the target market include Abbott Laboratories Inc., F. Hoffmann-La Roche Ltd., Siemens Healthineers, Inc., Thermo Fisher Scientific Inc., Danaher Corporation, Bio-Rad Laboratories, Inc., bioMérieux S.A., Buehlmann Laboratories AG, Sekisui Medical Co., Ltd., and Randox Laboratories Limited.

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Last Updated: 19-Feb-2019