Therapeutic Drug Monitoring Market

Abbott (US) and Thermo Fisher Scientific (US) are the Major Players in the Therapeutic Drug Monitoring Market

The global therapeutic drug monitoring market is projected to reach USD 2.7 billion by 2026 from USD 1.6 billion in 2020, at a CAGR of 9.4% during the forecast period. The growth of this market is majorly driven by the rising number of organ transplant procedures, the use of TDM across various therapeutic fields, the increasing preference for precision medicine, a growing focus on R&D related to TDM, and technological advancements in immunoassay instruments. However, the need for high capital investments and the reluctance of small hospitals to offer TDM services may restrain the growth of this market.

The Therapeutic Drug Monitoring market is highly consolidated and is dominated by various players. The major players operating in this market are Abbott (US), Thermo Fisher Scientific (US), F. Hoffmann-La Roche Ltd. (Switzerland), Siemens Healthineers AG (Germany), Danaher Corporation (US), Bio-Rad Laboratories (US), bioMérieux SA (France), Theradiag SA (France), Grifols S.A. (Spain), Exagen Inc. (US), R-Biopharm AG (Germany), ApDia Group (Belgium), UTAK (US), Randox Laboratories Ltd. (Ireland), ARK Diagnostics, Inc. (US).

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Abbott (US) held the leading position in the Therapeutic Drug Monitoring market in 2020. The company offers an exhaustive product portfolio consisting of various Therapeutic Drug Monitorings. The company’s strong heritage of technology, leadership, and innovation has provided a solid foundation for the continued development of safe and cost-effective products.

Thermo Fisher Scientific (US) accounted for the second-largest share of the global Therapeutic Drug Monitoring in 2020. The company provides its robust portfolio of Therapeutic Drug Monitorings and efforts to develop innovative products by investing in R&D. The company has a wide geographic presence in North America, Europe, and the Asia Pacific. The company has a strong direct and indirect distribution network across the globe, which protects its business from demand fluctuations in various geographies

Related Reports:

Therapeutic Drug Monitoring Market by Product (Consumables, Equipment-Immunoassay Analyzers, Chromatography & MS Detectors, Clinical Chemistry Analyzers), Technology, Class of drugs, End user and Region - Global Forecast to 2026

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Report Code
MD 4185
RI Published ON
2/1/2022
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