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Therapeutic Drug Monitoring Market Report and Forecast 2024-2032

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    Report

  • 140 Pages
  • November 2023
  • Region: Global
  • Expert Market Research
  • ID: 5910813
The global therapeutic drug monitoring market size was valued at USD 2.2 billion in 2023, driven by the increasing demand for personalized medicine and the rising prevalence of chronic diseases across the globe. The market size is anticipated to grow at a CAGR of 9.05% during the forecast period of 2024-2032 to achieve a value of USD 4.8 billion by 2032.

Therapeutic Drug Monitoring: Introduction

Therapeutic Drug Monitoring (TDM) is a clinically valuable practice that involves measuring specific drug levels in a patient's blood at designated intervals to ensure optimal dosage. The primary objective of TDM is to enhance patient care by adjusting drug dosages to achieve maximum therapeutic effectiveness while minimizing the risk of adverse effects or toxicity. This practice is particularly crucial for drugs with narrow therapeutic indices, where the range between efficacy and toxicity is small.

TDM is widely used in managing medications for conditions such as epilepsy, psychiatric disorders, and organ transplantations. By tailoring drug regimens to individual patient needs based on their response and metabolism, TDM plays a critical role in personalized medicine, improving treatment outcomes and promoting safe medication practices.

Key Trends in the Global Therapeutic Drug Monitoring Market

The global therapeutic drug monitoring (TDM) market is witnessing significant trends shaping its landscape. First and foremost, there's a growing emphasis on personalized medicine, driving demand for TDM as it enables tailored drug dosages based on individual patient responses. Advancements in technology are another key trend, with the development of more sophisticated, rapid, and sensitive testing methods, including point-of-care testing devices, which are enhancing the efficiency and accessibility of TDM. There's also an increasing prevalence of chronic diseases and complex medication regimens, particularly in aging populations, necessitating closer monitoring of therapeutic drug levels.

Additionally, the integration of artificial intelligence and machine learning in healthcare is improving the predictive analytics of TDM, leading to more accurate dosing recommendations. Regulatory bodies are increasingly recognizing the importance of TDM, leading to more stringent guidelines and recommendations, which further drives market growth. Despite these positive trends, challenges such as high costs and the need for specialized equipment and training persist. Nonetheless, the global TDM market is poised for continued growth as it plays an increasingly vital role in enhancing patient outcomes and optimizing pharmacotherapy.

Global Therapeutic Drug Monitoring Market Segmentation

Market Breakup by Product Type

  • Consumables
  • Devices
  • Immunoassay Analyzers
  • Chromatography and Ms Detectors
  • Clinical Chemistry Analyzers
  • Others

Market Breakup by Type

  • Immunoassays
  • Proteomic Technologies

Market Breakup by Drug Class

  • Antiepileptic
  • Antiarrhythmic
  • Immunosuppressants
  • Antibiotic Drugs
  • Bronchodilator Drugs
  • Psychoactive Drugs
  • Others

Market Breakup by End User

  • Hospitals
  • Commercial and Private Laboratories
  • Others

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Global Therapeutic Drug Monitoring Market Overview

The global therapeutic drug monitoring (TDM) market is experiencing significant growth, driven by the increasing demand for personalized medicine and the rising prevalence of chronic diseases. This growth is further fuelled by technological advancements in diagnostic methodologies, leading to more efficient, accurate, and accessible TDM practices. The market is also benefiting from a heightened awareness among healthcare professionals about the importance of drug level monitoring in optimizing treatment outcomes and minimizing adverse drug reactions. Aging populations worldwide, coupled with the escalating use of complex medication regimens, are additional factors contributing to market expansion.

Government initiatives and favourable reimbursement policies in certain regions are also encouraging the adoption of TDM. Despite facing challenges like high costs and the need for skilled professionals to interpret results, the TDM market is projected to continue its upward trajectory, driven by its crucial role in enhancing the safety and efficacy of pharmacotherapy in diverse clinical settings.

Global Therapeutic Drug Monitoring Market: Competitor Landscape

The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
  • ABBOTT
  • THERMO FISHER SCIENTIFIC
  • F. HOFFMANN-LA ROCHE
  • SIEMENS HEALTHINEERS AG
  • DANAHER CORPORATION
  • BIO-RAD LABORATORIES
  • BIOMÉRIEUX SA
  • THERADIAG
  • GRIFOLS S.A.
  • EXAGEN INC.
  • ARK DIAGNOSTICS, INC.
  • R-BIOPHARM A
  • APDIA GROUP
  • BIOTEZ BERLIN BUCH GMBH
  • EAGLE BIOSCIENCES, INC.
The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.


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Table of Contents

1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage - Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Therapeutic Drug Monitoring Market Overview
3.1 Global Therapeutic Drug Monitoring Market Historical Value (2017-2023)
3.2 Global Therapeutic Drug Monitoring Market Forecast Value (2024-2032)
4 Global Therapeutic Drug Monitoring Market Landscape
4.1 Global Therapeutic Drug Monitoring Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Therapeutic Drug Monitoring Product Landscape
4.2.1 Analysis by Product
4.2.2 Analysis by Type
4.2.3 Analysis by Drug Class
5 Global Therapeutic Drug Monitoring Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Therapeutic Drug Monitoring Market Segmentation
6.1 Global Therapeutic Drug Monitoring Market by Product Type
6.1.1 Market Overview
6.1.2 Consumables
6.1.3 Devices
6.1.3.1 Immunoassay Analyzers
6.1.3.2 Chromatography and Ms Detectors
6.1.3.3 Clinical Chemistry Analyzers
6.1.3.4 Others
6.2 Global Therapeutic Drug Monitoring Market by Type
6.2.1 Market Overview
6.2.2 Immunoassays
6.2.3 Proteomic Technologies
6.3 Global Therapeutic Drug Monitoring Market by Drug Class
6.3.1 Market Overview
6.3.2 Antiepileptic
6.3.3 Antiarrhythmic
6.3.4 Immunosuppressants
6.3.5 Antibiotic Drugs
6.3.6 Bronchodilator Drugs
6.3.7 Psychoactive Drugs
6.3.8 Others
6.4 Global Therapeutic Drug Monitoring Market by End User
6.4.1 Market Overview
6.4.2 Hospitals
6.4.3 Commercial and Private Laboratories
6.4.4 Others
6.5 Global Therapeutic Drug Monitoring Market by Region
6.5.1 Market Overview
6.5.2 North America
6.5.3 Europe
6.5.4 Asia Pacific
6.5.5 Latin America
6.5.6 Middle East and Africa
7 North America Therapeutic Drug Monitoring Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Therapeutic Drug Monitoring Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Therapeutic Drug Monitoring Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.5 ASEAN
9.6 Australia
9.7 Others
10 Latin America Therapeutic Drug Monitoring Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Therapeutic Drug Monitoring Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Patent Analysis
12.1 Analysis by Type of Patent
12.2 Analysis by Publication year
12.3 Analysis by Issuing Authority
12.4 Analysis by Patent Age
12.5 Analysis by CPC Analysis
12.6 Analysis by Patent Valuation
12.7 Analysis by Key Players
13 Grants Analysis
13.1 Analysis by year
13.2 Analysis by Amount Awarded
13.3 Analysis by Issuing Authority
13.4 Analysis by Grant Application
13.5 Analysis by Funding Institute
13.6 Analysis by NIH Departments
13.7 Analysis by Recipient Organization
14 Funding & Investment Analysis
14.1 Analysis by Funding Instances
14.2 Analysis by Type of Funding
14.3 Analysis by Funding Amount
14.4 Analysis by Leading Players
14.5 Analysis by Leading Investors
14.6 Analysis by Geography
15 Partnership and Collaborations Analysis
15.1 Analysis by Partnership Instances
15.2 Analysis by Type of Partnership
15.3 Analysis by Leading Players
15.4 Analysis by Geography
16 Supplier Landscape
16.1 ABBOTT
16.1.1 Financial Analysis
16.1.2 Product Portfolio
16.1.3 Demographic Reach and Achievements
16.1.4 Mergers and Acquisition
16.1.5 Certifications
16.2 THERMO FISHER SCIENTIFIC
16.2.1 Financial Analysis
16.2.2 Product Portfolio
16.2.3 Demographic Reach and Achievements
16.2.4 Mergers and Acquisition
16.2.5 Certifications
16.3 F. HOFFMANN-LA ROCHE
16.3.1 Financial Analysis
16.3.2 Product Portfolio
16.3.3 Demographic Reach and Achievements
16.3.4 Mergers and Acquisition
16.3.5 Certifications
16.4 SIEMENS HEALTHINEERS AG
16.4.1 Financial Analysis
16.4.2 Product Portfolio
16.4.3 Demographic Reach and Achievements
16.4.4 Mergers and Acquisition
16.4.5 Certifications
16.5 DANAHER CORPORATION
16.5.1 Financial Analysis
16.5.2 Product Portfolio
16.5.3 Demographic Reach and Achievements
16.5.4 Mergers and Acquisition
16.5.5 Certifications
16.6 BIO-RAD LABORATORIES
16.6.1 Financial Analysis
16.6.2 Product Portfolio
16.6.3 Demographic Reach and Achievements
16.6.4 Mergers and Acquisition
16.6.5 Certifications
16.7 BIOMÉRIEUX SA
16.7.1 Financial Analysis
16.7.2 Product Portfolio
16.7.3 Demographic Reach and Achievements
16.7.4 Mergers and Acquisition
16.7.5 Certifications
16.8 THERADIAG
16.8.1 Financial Analysis
16.8.2 Product Portfolio
16.8.3 Demographic Reach and Achievements
16.8.4 Mergers and Acquisition
16.8.5 Certifications
16.9 GRIFOLS S.A.
16.9.1 Financial Analysis
16.9.2 Product Portfolio
16.9.3 Demographic Reach and Achievements
16.9.4 Mergers and Acquisition
16.9.5 Certifications
16.10 EXAGEN INC.
16.10.1 Financial Analysis
16.10.2 Product Portfolio
16.10.3 Demographic Reach and Achievements
16.10.4 Mergers and Acquisition
16.10.5 Certifications
16.11 ARK DIAGNOSTICS, INC.
16.11.1 Financial Analysis
16.11.2 Product Portfolio
16.11.3 Demographic Reach and Achievements
16.11.4 Mergers and Acquisition
16.11.5 Certifications
16.12 R-BIOPHARM A
16.12.1 Financial Analysis
16.12.2 Product Portfolio
16.12.3 Demographic Reach and Achievements
16.12.4 Mergers and Acquisition
16.12.5 Certifications
16.13 APDIA GROUP
16.13.1 Financial Analysis
16.13.2 Product Portfolio
16.13.3 Demographic Reach and Achievements
16.13.4 Mergers and Acquisition
16.13.5 Certifications
16.14 BIOTEZ BERLIN BUCH GMBH
16.14.1 Financial Analysis
16.14.2 Product Portfolio
16.14.3 Demographic Reach and Achievements
16.14.4 Mergers and Acquisition
16.14.5 Certifications
16.15 EAGLE BIOSCIENCES, INC.
16.15.1 Financial Analysis
16.15.2 Product Portfolio
16.15.3 Demographic Reach and Achievements
16.15.4 Mergers and Acquisition
16.15.5 Certifications
17 Global Therapeutic Drug Monitoring Market - Distribution Model (Additional Insight)
17.1 Overview
17.2 Potential Distributors
17.3 Key Parameters for Distribution Partner Assessment
18 Key Opinion Leaders (KOL) Insights (Additional Insight)
19 Company Competitiveness Analysis (Additional Insight)
19.1 Very Small Companies
19.2 Small Companies
19.3 Mid-Sized Companies
19.4 Large Companies
19.5 Very Large Companies
20 Payment Methods (Additional Insight)
20.1 Government Funded
20.2 Private Insurance
20.3 Out-of-Pocket

Companies Mentioned

  • Abbott
  • Thermo Fisher Scientific
  • F. Hoffmann-La Roche
  • Siemens Healthineers Ag
  • Danaher Corporation
  • Bio-Rad Laboratories
  • Biomérieux Sa
  • Theradiag
  • Grifols S.A.
  • Exagen Inc.
  • Ark Diagnostics Inc.
  • R-Biopharm A
  • Apdia Group
  • Biotez Berlin Buch Gmbh
  • Eagle Biosciences Inc.

Methodology

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