Therapeutic Drug Monitoring Market GLOBAL INDUSTRY INSIGHTS, TRENDS, OUTLOOK, AND OPPORTUNITY ANALYSIS, 20172025
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REPORT DESCRIPTION Therapeutic Drug Monitoring Market – Overview Therapeutic drug monitoring is a multidisciplinary practice of measuring drug amount in bloodstream to maintain its effective concentration. It is used to maximize efficacy of drug, avoid toxicity and adverse drug reactions (ADR), facilitate dose adjustment according patient requirement, and to identify therapeutic failure. It is used especially for drugs characterized by narrow therapeutic window, drugs that are highly protein bound and those in which the metabolite might be toxic. Physicians and hospitals use therapeutic drug monitoring to maximize the clinical benefits of the drug by minimizing the toxic side effects thereby improving the quality of life for the patients. North America holds the dominant position in therapeutic drug monitoring (TDM) market, owing to robust health care infrastructure, high awareness for treatment regime and increasing patient awareness regarding adverse drug reaction (ADR). According to 2013 survey by Medical Expenditure Panel published in Scientific American, 1 in 7 American adult consume Anti-Psychotic drug, a class of drugs which requires TDM. Stringent government regulations regarding safe medication practices especially with drugs having narrow therapeutic range would propel growth therapeutic drug monitoring. Moreover, increasing adoption of instruments such as monitors and analytic equipment, reagents, and diagnostics tools for drug monitoring is driving the growth of therapeutic drug monitoring market. Š Coherent market Insights. All Rights Reserved
REPORT DESCRIPTION
Therapeutic Drug Monitoring Market Taxonomy: On the basis of product type: ●
Equipment
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Consumables (Assay kits)
On the basis of technology: ●
Enzyme Immunoassay
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HPLC
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Fluorescence Polarization Immunoassay
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Mass Spectrometry
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REPORT DESCRIPTION Therapeutic Drug Monitoring Market: Key Players ●
Roche Diagnostics,
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Thermo Fisher Scientific,
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Bio Rad Laboratories.
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Siemens Healthcare Diagnostics.
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Beckmann Coulter.
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Abbott Diagnostics.
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