Therapeutic Drug Monitoring Market Outlook 2024-2029: Driving Precision Medicine with AI and Advanced Diagnostics
The global Therapeutic Drug Monitoring (TDM) market is poised for steady growth, expanding at a CAGR of 8.4% from USD 2.30 billion in 2024 to USD 3.44 billion by 2029. This upward trajectory is fueled by the rising prevalence of lifestyle-related and chronic diseases such as cancer and heart conditions that demand precise medication management. Innovations in AI-powered diagnostic tools and technological...
Precision in Every Dose: The Rising Growth of the Global Therapeutic Drug Monitoring Market
In today’s world of precision medicine, where treatments are tailored to individual patients rather than populations, therapeutic drug monitoring (TDM) has emerged as a vital component of modern healthcare. By ensuring the optimal dosage of medications for each patient, TDM is helping clinicians improve treatment outcomes, reduce toxicity, and personalize therapy across a range of chronic and complex...
Emerging Technologies Shaping the Future of Therapeutic Drug Monitoring
Therapeutic Drug Monitoring Market in terms of revenue was estimated to be worth $1.8 billion in 2022 and is poised to reach $2.9 billion by 2027, growing at a CAGR of 9.6% from 2022 to 2027 according to a new report by MarketsandMarkets™. The growth of this market is majorly driven by the Increasing incidence of chronic and infectious diseases and growing awareness about early disease diagnosis....
The Therapeutic Drug Monitoring Market: Understanding the Key Trends and Drivers
The Global Therapeutic Drug Monitoring Market in terms of revenue was estimated to be worth $1.8 billion in 2022 and is poised to reach $2.9 billion by 2027, growing at a CAGR of 9.6% from 2022 to 2027. The growth of this market is primarily driven by an amplifying focus on research experimentation associated with therapeutic drug monitoring and an increase in severe diseases. However, the requirement...
Therapeutic Drug Monitoring Market Dynamics| Worldwide By Key Players- Siemens Healthcare (Germany), Thermo Fisher Scientific (U.S.), Bio-Rad Laboratories Inc. (U.S.)
Therapeutic Drug Monitoring Market
MarketsandMarkets Research Report’s View on Revenue Impact?
The Global Therapeutic Drug Monitoring Market is projected to reach USD 2.0 billion by 2025 from USD 1.4 billion in 2020, at a CAGR of 6.9% from 2020 to 2025.
Factors Responsible for Growth and In-Depth Analysis?
Therapeutic drug monitoring (TDM) is used to measure the...
Therapeutic Drug Monitoring Market 2018, Trend, Geographical Segmentation, Forecast, Application
According to the new market research report “Therapeutic Drug Monitoring Market by Product (Consumable, Equipment (Immunoassay analyzer)), Technology (Fluorescence Immunoassay, Radioimmunoassay, GCMS), Class of drugs (Antibiotics, Bronchodilators), End User (Hospital Lab) – Global Forecast to 2023″, published by MarketsandMarkets™, the Global Therapeutic Drug Monitoring Market is...
Rising Organ Transplantation Procedures to Boost the Growth of Therapeutic Drug Monitoring Market
The global therapeutic drug monitoring market is expected to reach USD 1.63 billion by 2023 from USD 1.23 billion in 2018, at a CAGR of 5.9% during the forecast period.
The growth of this market is majorly driven by the rising number of organ transplant procedures and the use of TDM in traditional anticancer therapies. However, the lack of financial provisions for the clinical interpretation of TDM...