Published by news degree
Posted on August 4, 2021
11 min readLast updated: January 21, 2026
Growing incidences of organ transplantation, increasing adoption of therapeutic drug monitoring in numerous diseases, growing geriatric population, increased demand for better health care services, increased use in traditional anticancer therapies, and increased private as well as government funding are key factors contributing to high CAGR of Therapeutic Drug Monitoring during forecast period.
According to the current analysis of Reports and Data, the global Therapeutic Drug Monitoring market was valued at USD 1.21 Billion in 2018 and is expected to reach USD 1.91 Billion by year 2026, at a CAGR of 5.8 %. The study covers Therapeutic drug monitoring – a branch of clinical pharmacology and chemistry, which measures and maintains specific ingredient concentration levels in body fluids or blood streams. The monitoring process is aimed at refining patient care for better outcomes by adjusting the medicine dosage.
Therapeutic Drug Monitoring is available for monitoring wide range of diseases and conditions. Recent emergence of this monitoring technique is proving to be a major disruptive finding in therapeutics sector. In line with this, the market leaders and players are adopting various strategies to provide better solutions in disease monitoring. For instance, In May 2019, Roche, a leader in advanced lab testing partnered with GE Healthcare, an American multinational conglomerate, launched NAVIFY Tumor Board with medical imaging capabilities to enable more personalized treatment decisions in cancer care. The NAVIFY Tumor Board is specifically designed for optimal diagnostics and treatment plan for cancer patients.
Rising number of organ transplantation incidences all over the globe, unmet needs of monitoring the patients, increased focus of pharmaceutical companies on development of novel mechanisms for medicine monitoring, upcoming patent expiry, increased public as well private funds for research, and favorable regulatory scenario all over the globe, are some of the key factors propelling market growth in the industry. However, associated reimbursement issues, and dearth of finances for clinical interpretation of the therapeutic drug monitoring results, are the major hindrances for market growth during 2019-2026.
Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/2274
Further key findings from the report suggest
Request a discount on the report @ https://www.reportsanddata.com/discount-enquiry-form/2274
For the purpose of this report, Reports and Data has segmented the Therapeutic Drug Monitoring market on the basis of Product type, Technology type, drug type, end use, and region:
Product Type (Revenue, USD Million; 2016–2026)
Technology Type (Revenue, USD Million; 2016–2026)
Class of Drug Type (Revenue, USD Million; 2016–2026)
End Use (Revenue, USD Million; 2016–2026)
Regional Outlook (Revenue in USD Million; 2016–2026)
Request a customization of the report @ https://www.reportsanddata.com/request-customization-form/2274
Benefits of Therapeutic Drug Monitoring Market Report:
Thank you for reading our report. For customization or further inquiry, please get in touch with us. Our team will ensure the report is tailored according to your requirements.
Explore Reports and Data’s Prime Analysis of the global Healthcare & Pharmaceutical Industry:
Vaccines Market @ https://www.google.kg/url?q=https://www.reportsanddata.com/report-detail/vaccines-market
Clinical Laboratory Tests Market @ https://www.google.co.zw/url?q=https://www.reportsanddata.com/report-detail/clinical-laboratory-tests-market
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About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Read Full Press Release: https://www.reportsanddata.com/press-release/global-therapeutic-drug-monitoring-market
The post Therapeutic Drug Monitoring Market Size To Reach USD 1.91 Billion By 2026 – Reports and Data first appeared on News Degree | Hub for Latest and Trending News from Around the Globe.
Growing incidences of organ transplantation, increasing adoption of therapeutic drug monitoring in numerous diseases, growing geriatric population, increased demand for better health care services, increased use in traditional anticancer therapies, and increased private as well as government funding are key factors contributing to high CAGR of Therapeutic Drug Monitoring during forecast period.
According to the current analysis of Reports and Data, the global Therapeutic Drug Monitoring market was valued at USD 1.21 Billion in 2018 and is expected to reach USD 1.91 Billion by year 2026, at a CAGR of 5.8 %. The study covers Therapeutic drug monitoring – a branch of clinical pharmacology and chemistry, which measures and maintains specific ingredient concentration levels in body fluids or blood streams. The monitoring process is aimed at refining patient care for better outcomes by adjusting the medicine dosage.
Therapeutic Drug Monitoring is available for monitoring wide range of diseases and conditions. Recent emergence of this monitoring technique is proving to be a major disruptive finding in therapeutics sector. In line with this, the market leaders and players are adopting various strategies to provide better solutions in disease monitoring. For instance, In May 2019, Roche, a leader in advanced lab testing partnered with GE Healthcare, an American multinational conglomerate, launched NAVIFY Tumor Board with medical imaging capabilities to enable more personalized treatment decisions in cancer care. The NAVIFY Tumor Board is specifically designed for optimal diagnostics and treatment plan for cancer patients.
Rising number of organ transplantation incidences all over the globe, unmet needs of monitoring the patients, increased focus of pharmaceutical companies on development of novel mechanisms for medicine monitoring, upcoming patent expiry, increased public as well private funds for research, and favorable regulatory scenario all over the globe, are some of the key factors propelling market growth in the industry. However, associated reimbursement issues, and dearth of finances for clinical interpretation of the therapeutic drug monitoring results, are the major hindrances for market growth during 2019-2026.
Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/2274
Further key findings from the report suggest
Request a discount on the report @ https://www.reportsanddata.com/discount-enquiry-form/2274
For the purpose of this report, Reports and Data has segmented the Therapeutic Drug Monitoring market on the basis of Product type, Technology type, drug type, end use, and region:
Product Type (Revenue, USD Million; 2016–2026)
Technology Type (Revenue, USD Million; 2016–2026)
Class of Drug Type (Revenue, USD Million; 2016–2026)
End Use (Revenue, USD Million; 2016–2026)
Regional Outlook (Revenue in USD Million; 2016–2026)
Request a customization of the report @ https://www.reportsanddata.com/request-customization-form/2274
Benefits of Therapeutic Drug Monitoring Market Report:
Thank you for reading our report. For customization or further inquiry, please get in touch with us. Our team will ensure the report is tailored according to your requirements.
Explore Reports and Data’s Prime Analysis of the global Healthcare & Pharmaceutical Industry:
Vaccines Market @ https://www.google.kg/url?q=https://www.reportsanddata.com/report-detail/vaccines-market
Clinical Laboratory Tests Market @ https://www.google.co.zw/url?q=https://www.reportsanddata.com/report-detail/clinical-laboratory-tests-market
Neurosurgery Navigation Software Market @ https://www.google.co.tz/url?q=https://www.reportsanddata.com/report-detail/neurosurgery-navigation-software-market
Capillary Blood Collection Market @ https://www.google.sc/url?q=https://www.reportsanddata.com/report-detail/capillary-blood-collection-market
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Read Full Press Release: https://www.reportsanddata.com/press-release/global-therapeutic-drug-monitoring-market
The post Therapeutic Drug Monitoring Market Size To Reach USD 1.91 Billion By 2026 – Reports and Data first appeared on News Degree | Hub for Latest and Trending News from Around the Globe.
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