Therapeutic Drug Monitoring Market Canvassed in M&M Report Available at MarketPublishers.com05 Apr 2016 • by Natalie Aster
LONDON – With effectiveness of therapeutic drug monitoring becoming increasingly important and investments in R&D activities being on the rise, the market for therapeutic drug monitoring is set to show grow at a one digit rate in the upcoming years.
The global marketplace was worth just under USD 1.8 billion in 2015, and it is expected to be approximately USD 2.6 billion by 2020.
As of 2015, North America held a position of the largest player in this space, and its market share was more than 50 percent. This can be attributed to high awareness of therapeutic drug monitoring in the country, acceptance of benefits it offers and growth taking place in healthcare expenditure.
Europe shows slower growth of this market since this region still recovers from the economic downturn and local facilities work on minimizing costs of healthcare delivery.
In the meantime, a lack of skilled personnel poses a major challenge to the swift growth of the market in APAC.
The research study “Therapeutic Drug Monitoring Market by Product, Technology, Class of Drug, End User - Global Forecast to 2020” prepared by M&M provides a detailed analysis of the world’s market for therapeutic drug monitoring. The report offers a bird’s eye view of this marketplace. It investigates market dynamics and contains deep insights into factors driving this market and restraining it. A discussion of opportunities and challenges of the marketplace is on hand in the study, too. The research report examines the market on the basis of products, technologies, classes of drugs and end-uses.
It also investigates performance of regional markets and pays special attention to major countries in this space. The research study outlines the competitive situation and explores competitive trends. The report profiles companies and comprises global market forecasts to 2020.
Companies mentioned include: Abbott Laboratories, Roche Diagnostics, Danaher Corporation, Alere Inc., and more.
Therapeutic Drug Monitoring Market by Product, Technology, Class of Drug, End User - Global Forecast to 2020
Published: March, 2016
Price: US$ 4,650.00
More cutting-edge studies by our market research partner can be found at M&M page.