Global Therapeutic Drug Monitoring Market to grow at a CAGR of 7.5% during the period 2017 - 2021; Finds New Report

Report forecast the global therapeutic drug monitoring market to grow at a CAGR of 7.5% during the period 2017-2021.

Therapeutic drug monitoring is a branch of clinical pharmacology and clinical chemistry that specializes in the measurement of drug concentration in blood. It is mainly performed on the drugs with a narrow therapeutic window. Therapeutic drug monitoring aims at improving patient care by regulating the dose of drugs. It is based on a priori pharmacogenetic, demographic, and clinical information. It also considers a posteriori measurement of drug concentration in the blood.

The report covers the present scenario and the growth prospects of the global therapeutic drug monitoring market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

• Americas
• APAC
• EMEA

According to the report, one driver in the market is increasing demand for personalized medicine. The increasing need for personalized medicine has driven the demand for therapeutic drug monitoring. It is important to get the drug right in content and in quantity (dosage) to offer better care to individuals; however, in many cases, it is given manually by the physicians. This could affect the patient compliance. Therefore, therapeutic drug monitoring is required to find out the correct content and dosage specific to the individual.

Further, the report states that one challenge in the market is shortage of skilled technicians for performing diagnostic techniques. Shortage of skilled laboratory technicians for performing diagnostic techniques poses a challenge to the market. Although the degree of technological innovation in the diagnostic sector is high, the availability of skilled labor is still uncertain. Innovative assays and platforms improve the general working conditions by aiding repetitive and complex tasks. However, technically trained professionals are required to operate them.

Global Therapeutic Drug Monitoring Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global therapeutic drug monitoring market: Beckman Coulter, Bio-Rad Laboratories, F. Hoffmann-La Roche, Siemens Healthcare and Thermo Fisher Scientific.

Other Prominent Vendors in the market are: Adaptive Biotechnologies, AESKU.Diagnostics, Alere, bioMérieu, Bio-Techne, BÜHLMANN Laboratories, DiaSorin, Euro Diagnostica, Exagen Diagnostics, IDEXX Laboratories, InSource Diagnostics, Merck Millipore, Miraca Life Sciences, Myriad Genetics, Phadia, Quest Diagnostics, SEKISUI MEDICAL, SQI Diagnostics, Tecan, and Theradiag.

Market driver

• Increasing demand for personalized medicine
• For a full, detailed list, view our report

Market challenge

• Shortage of skilled technicians for performing diagnostic techniques
• For a full, detailed list, view our report

Market trend

• Advent of POC tests
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 70 pages and 39 Exhibits “Global Therapeutic Drug Monitoring Market 2017 - 2021” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, An overview of therapeutic drug monitoring, Market segmentation by product type, Market segmentation by drug class, Market segmentation by end-users, Geographical segmentation, Decision framework, Drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

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