Global Therapeutic Drug Monitoring Market to Reach $4.2 Billion by 2030
The global market for Therapeutic Drug Monitoring estimated at US$2.4 Billion in the year 2023, is expected to reach US$4.2 Billion by 2030, growing at a CAGR of 8.3% over the period 2023-2030. Therapeutic Drug Monitoring Consumables, one of the segments analyzed in the report, is expected to record 8.8% CAGR and reach US$3.5 Billion by the end of the analysis period. Growth in the Therapeutic Drug Monitoring Equipment segment is estimated at 6.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $629.9 Million, While China is Forecast to Grow at 12.5% CAGR
The Therapeutic Drug Monitoring market in the U.S. is estimated at US$629.9 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.1 Billion by the year 2030 trailing a CAGR of 12.5% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4% and 7.3% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4.9% CAGR.
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