According to analysts at Vantage Market Research, the Global Therapeutic Drug Monitoring Market size is worth USD 2.5 Billion in 2024 and is projected to reach USD 6.04 Billion by 2035, growing at a CAGR (Compound Annual Growth Rate) of 8.35% from 2024 to 2035. Key trends of market include advancements in immunoassay technologies, integration of AI for data analysis, growing adoption of point-of-care testing, increasing focus on precision medicine, and expanding biomarker applications.

Market Overview

The growing incidence of chronic diseases is a key factor driving the expansion of the Therapeutic drug monitoring market. Conditions like cancer, cardiovascular diseases, diabetes, and neurological disorders often require complex and intensive pharmacological treatments, making TDM essential for ensuring the proper functioning of medications, minimizing side effects, and improving patient outcomes. To address the increasing demand for TDM solutions, many companies are focusing on partnerships, product innovations, and strategic investments. For example, in 2023, Thermo Fisher strengthened its market position by acquiring Phadia, a leading brand in immunoassay and allergy testing, which also provides advanced diagnostic technologies that aid in drug monitoring for chronic disease treatments.

Recent advancements in immunoassay technologies present significant opportunities for improving the accuracy and speed of drug monitoring in the therapeutic drug monitoring market. Modern immunoassays enable real-time drug monitoring, both in clinical settings and outside the hospital environment. With high-throughput capabilities, the volume of tests performed can increase, while automation enhances precision and speed, streamlining processes and improving laboratory efficiency. This reduces the time needed to obtain results. Leading companies such as Roche, Abbott, Thermo Fisher, and Siemens are at the forefront, developing innovative systems designed for precision medicine and personalized care.

Danaher Acquires Abcam plc, a Leading Supplier of Protein Consumables

• In December 2023, Danaher finalized the acquisition of Abcam plc, a prominent global supplier of validated antibodies, reagents, biomarkers, and protein consumable tests

Key Takeaways from the Report

• In 2024, North America dominated the market with 41.6% market share. The market is driven by high public awareness and government policies
• Based on the Product, the Consumables category accounted for significant market share of 64.5% in 2024. The segment is driven by increasing prevalence of chronic conditions such as heart disease, diabetes, and neurological disorders
• In 2024, by Drug Class, Antiarrhythmic Drugs dominated the largest market share. The segment is driven by increasing prevalence of heart diseases with arrhythmias, advancements in personalized medicine for enhanced drug efficacy
• By End User, Hospital Laboratories dominated the market with market share of 47.5%. The segment is driven by increasing significance of therapeutic drug monitoring (TDM) in organ transplant procedures and the growing preference for precision medicine and tailored treatments

Top Companies

• Thermo Fisher Scientific Inc.
• Biomerieux SA
• Abbott Laboratories
• SEKISUI CHEMICAL CO., LTD.
• Danaher Corporation
• F. Hoffmann-La Roche Ltd.
• Siemens AG
• Chromsystems Instruments & Chemicals GmbH
• Exagen Inc.
• Bio-Rad Laboratories Inc.

Report Coverage

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Latest News

Thermo Fisher Launches Advanced LC-MS Solution for Clinical Research

• In July 2024, Thermo Fisher introduced an advanced LC-MS solution, designed to enhance clinical research with its combination of high sensitivity, speed, and throughput

Beckman Coulter to Introduce Automated Clinical Chemistry Analyzer DXC 500 AU at Medlab Middle East

• In January 2024, Beckman Coulter Diagnostics, a subsidiary of Danaher Corporation, plans to unveil the automated DXC 500 AU clinical chemistry analyzer at Medlab Middle East in Dubai

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