The Therapeutic Drug Monitoring Global Market Report 2023, provides comprehensive information on the therapeutic drug monitoring market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global therapeutic drug monitoring market size is expected to grow from $1.93 billion in 2022 to $2.10 billion in 2023 at a compound annual growth rate (CAGR) of 8.83%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global therapeutic drug monitoring market size is expected to reach $3.03 billion in 2027 at a CAGR of 9.66%.
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Product innovations are a key trend gaining popularity in the therapeutic drug monitoring market. Major companies in the therapeutic drug monitoring sector are focused on developing new products to meet customer needs and strengthen their market position. In October 2021, Promise Proteomics, a France-based proteomics company, launched mAbXmise kits, a proprietary solution that combines labeled monoclonal antibodies, reagents, and laboratory supplies for quantifying therapeutic monoclonal antibodies by mass spectrometry. This multiplexing technique outperforms previous analytical methods, giving scientific, clinical, and economic perspectives that completely fulfil the limits of routine therapeutic drug monitoring.
The therapeutic drug monitoring market is segmented:
1) By Product: Consumables, Equipment, Immunoassay Analyzers, Chromatography And Detectors
2) By Technology: Immunoassays, Chemiluminescence Immunoassays, Chemiluminescence Immunoassays, Colorimetric Immunoassays, Fluorescence Immunoassays, Radioimmunoassay, Other Immunoassays, Chromatography-Ms, Lc-Ms, Gc-Ms
3) By Class Of Drug: Antiepileptic Drugs, Antibiotic Drugs, Immunosuppressant Drugs, Antiarrhythmic Drugs, Bronchodilator Drugs, Psychoactive Drugs, Other Drugs
4) By End-user: Hospital Laboratories, Commercial and Private Laboratories, Other End Users
North America was the largest region in the therapeutic drug monitoring market in 2022.
The table of contents in TBRC’s therapeutic drug monitoring market report includes:
- Executive Summary
- Therapeutic Drug Monitoring Market Characteristics
- Therapeutic Drug Monitoring Market Trends And Strategies
- Therapeutic Drug Monitoring Market – Macro Economic Scenario
- Therapeutic Drug Monitoring Market Size And Growth
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- Africa Therapeutic Drug Monitoring Market
- Therapeutic Drug Monitoring Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Therapeutic Drug Monitoring Market
- Therapeutic Drug Monitoring Market Future Outlook and Potential Analysis
- Appendix
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