India
therapeutic drug monitoring market is forecast to grow from
an estimated $ 85 million in FY 2021 to $ 119 million by FY 2026 owing to
the rising need of maintaining the drug levels in blood for prevention of
diseases. Therapeutic drug monitoring is the practice of monitoring drug levels
in the blood and maintaining them to an optimum level with the motive of
preventing diseases, eradicating toxicity and many other health-related issues.
India
therapeutic drug monitoring market has been gaining traction over years due to
the increase in Indian population, especially the old age population. Precision
medicines have been taking over normal medicines over the last few years, which
has also led to the growth of the market. Furthermore, increasing government funding
and novel product launches have fueled the market growth. However, scarcity of
competent skillset is expected to hamper the market growth over the course of next
five years.
India therapeutic
drug monitoring market is segmented into product,
technology, class of drug, end user, and region. The technology segment is
further divided into immunoassays, chromatography-ms and others, out of which,
immunoassays segment is expected to dominate the market in FY2021 as it is a
precise method and gives more specific results compared to other technologies.
Another driving factor of the segment is that it requires minimal maintenance
and skills for operation.
The major players operating in India therapeutic drug monitoring market are Roche Diagnostics India Pvt Ltd, Abbott India Limited,
bioMérieux India, Bio-Rad laboratories India Pvt.Ltd, Thermo Fisher Scientific,
Danaher Corporation, Siemens Healthineers India, Randox Laboratories (India)
Private Limited, Sekisui Chemical India Private Limited, amongst others.
Years
considered for this report:
Historical Years: FY2016 - FY2019
Base Year: FY2020
Estimated
Year: FY2021
Forecast Period: FY2022 - FY2026
Objective of the Study:
- To analyze and estimate the market size of India therapeutic drug
monitoring market from FY2016 to FY2019.
- To estimate and forecast the market size of India therapeutic drug
monitoring market from FY2020 to FY2026.
- To classify and forecast India therapeutic drug monitoring market
based on product, technology, class of drug,
end user, region and company.
- To identify dominant region or segment in the India therapeutic
drug monitoring market.
- To identify drivers and challenges for India therapeutic drug
monitoring market.
- To examine competitive developments such as expansions, new product
launches, mergers & acquisitions, etc., in India therapeutic drug
monitoring market.
- To conduct pricing analysis for India therapeutic drug monitoring market.
- To identify and analyze the profile of leading players operating in
India therapeutic drug monitoring market.
- To identify key sustainable strategies adopted by market players in
India therapeutic drug monitoring market.
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TechSci Research performed both primary as well as exhaustive
secondary research for this study. Initially, TechSci Research sourced a list
of market players operating across
the country. Subsequently, TechSci Research conducted
primary research surveys with the identified companies. While interviewing, the
respondents were also enquired about their competitors. Through this technique,
TechSci Research could include the service
providers which could not be identified due to the
limitations of secondary research. TechSci Research analyzed the service providers, distribution channels and presence of all major players
across the country.
TechSci
Research calculated the market size of India therapeutic drug monitoring market using a bottom-up approach, wherein
data for various end-user segments was recorded and forecast for the future
years. TechSci Research sourced these values from the industry experts and
company representatives and externally validated through analyzing historical
data of these product types and applications for getting an appropriate,
overall market size. Various secondary sources such as company websites, news
articles, press releases, company annual reports, investor presentations and
financial reports were also studied by TechSci Research.
Key Target Audience:
- End users, hospitals, laboratories and other
stakeholders
- Government bodies such as regulating
authorities and policy makers
- Organizations, forums, and alliances related
to therapeutic drug monitoring
- Market research and consulting firms
The study is useful in providing answers to several critical
questions that are important for the industry stakeholders such as service
providers, end users, etc., besides allowing them in strategizing investments
and capitalizing on market opportunities.
Report Scope:
In this report, India therapeutic drug
monitoring market has been segmented into following categories, in
addition to the industry trends which have also been detailed below:
- Market, By Product:
- Market, By Technology:
- Immunoassays
- Chromatography-Ms
- Others
- Market, By Class of Drug:
- Antiepileptic Drugs
- Antiarrhythmic Drugs
- Immunosuppressant Drugs
- Antibiotic Drugs
- Others
- Market, By End User:
- Market, By Region:
Competitive
Landscape
Company Profiles: Detailed analysis of the major
companies present in India therapeutic drug monitoring market.
Available Customizations:
With the given market data, TechSci Research offers
customizations according to a company’s specific needs. The following
customization options are available for the report:
Company Information
- Detailed analysis and profiling of
additional market players (up to five).
This report captures the
direct impact assessment on this market and in-direct impact assessment on the
market’s allied sectors due to outbreak of Corona virus and the same has been
considered in our market forecast model.
In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com