Therapeutic drug monitoring Market expected to hit US$ 3.0 billion by 2030 - Business Market Insights

The market crossed US$ 2.0 billion mark in 2022 and is expected to hit US$ 3.0 billion by 2030, recording a CAGR of 9.0% during the forecast period.

Precision medicine is a novel approach that involves selecting drugs wholly tailored to a patient based on disease condition and history. With the technological advancement and surge in the incidence of chronic diseases, the demand for therapeutic drug monitoring is also increasing. Although this practice expands into all disease areas, oncology has progressed the most. The consumables segment will hold the maximum share during the forecast period owing to rising immunoassays tests being performed worldwide.

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The report offers in-depth assessment of the growth and other aspects of the Therapeutic drug monitoringmarket in important regions. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue, production, and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2022 to 2030. These analyses will help the reader to understand the potential worth of investment in a particular region.

Major key players covered in this Therapeutic drug monitoringMarket report:

Abbott Laboratories
Agilent Technologies, Inc.
Bio-Rad Laboratories Inc
bioMerieux SA
Bühlmann Laboratories AG
Danaher Corporation
F. Hoffmann-La Roche Ltd
Randox Laboratories Ltd.
Sekisui Medical Co. Ltd.
Siemens Healthineers
Thermo Fisher Scientific

In this report, the market has been segmented on the basis of:

Product:
Equipment
Consumables

Technology:
Immunoassays
Chromatography-MS
Radioimmunoassays
Others

Drug Class:
Antibiotic drugs
Antiepileptic drugs
Antiarrhythmic drugs
Bronchodilator drugs
Immunosuppresant drugs
Psychoactive drugs
Anti-cancer drugs
Other drugs

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Therapeutic drug monitoringMarket: Competitive Landscape
This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, during the forecast period of 2022 to 2030.

Major Key Points of Therapeutic drug monitoringMarket
• Therapeutic drug monitoringMarket Overview
• Therapeutic drug monitoringMarket Competition
• Therapeutic drug monitoringMarket, Revenue and Price Trend
• Therapeutic drug monitoringMarket Analysis by Application
• Company Profiles and Key Figures in Therapeutic drug monitoringMarket
• Market Dynamics
• Methodology and Data Source

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Leading market players and manufacturers are studied to help give a brief idea about them in the report. The challenges faced by them and the reasons they are on that position is explained to help make a well informed decision. Competitive landscape Therapeutic drug monitoringmarket is given presenting detailed insights into the company profiles, developments, merges, acquisitions, economic status and best SWOT analysis.

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