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Global Therapeutic Drug Monitoring Market Growing Factors and Emerging Trends 2020|Abbott laboratories, Bayer AG, bioMérieux, Inc, Alere, Inc, Danaher Corporation, Theradiag, Tecan Trading AG,  SQI Diagnostics, Sekisui Medical Co ltd, Quest Diagnostics

Global Therapeutic Drug Monitoring Market is expected to reach USD 3.62 Billion by 2025, from USD 2.03 billion in 2017 growing at a CAGR of 7.5 % during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2017, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

Some of the major players operating in the global therapeutic drug monitoring market are Beckman Coulte, Bio-Rad Laboratories, F. Hoffmann-La Roche, Siemens Healthcare, Thermo Fisher Scientific, Abbott laboratories, Bayer AG, bioMérieux, Inc, Alere, Inc, Danaher Corporation, Theradiag, Tecan Trading AG,  SQI Diagnostics, Sekisui Medical Co ltd, Quest Diagnostics, Myriad Genetics, Miraca Life Sciences, Merck Millipore, InSource Diagnostics, Exagen Diagnostics, Euro Diagnostica AB, Diasorinb SPA, Adaptive Biotechnologies, among others.

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Opportunities in the market report

  1. Comprehensive quantitative analysis of the industry is provided for the period of 2019-2026 to assist stakeholders to capitalize on the prevailing market opportunities.
  2. Comprehensive analysis of the factors that drive and restrict the market growth is provided in the report.
  3. Comprehensive quantitative analysis of the industry is provided for the period of 2019-2026 to assist stakeholders to capitalize on the prevailing market opportunities.
  4. Extensive analysis of the key segments of the industry helps in understanding the trends in types of point of care test across Europe.
  5.  Extensive analysis of the key segments of the industry helps in understanding the trends in types of point of care test across Global.

Competitive Analysis: 

The global therapeutic drug monitoring market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of therapeutic drug monitoring market for global, Europe, North America, Asia Pacific and South America.

Major Market Drivers and Restraints:

  • New technology and new diseases are expected to drive the market in the forecast period
  • Production of new drugs based on new technology.
  • Rising geriatric, cancer, HIV population and diabetes
  • Increased investment in research and development of membrane devices
  • Downward pricing pressure owing to its commodity nature

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Market Segmentation: Global Therapeutic Drug Monitoring Market

By product

(consumables and devices),

By technology

(immunoassays, proteomic technologies),

By class of drugs

(antiepileptic, antiarrhythmic, immunosuppresants and others),

By Therapeutic areas

(alimentary tract, hematological disease, and others),

By End Users

(Hospital Labs, Labs and others),

By Geography

(North America, South America, Europe, Asia-Pacific, Middle East and Africa)

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