THERAPEUTIC DRUG MONITORING MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2023 - 2028)


Therapeutic Drug Monitoring Market Analysis:

The therapeutic drug monitoring market is projected to exhibit a compound annual growth rate (CAGR) of 7.5% over the forecast period. The global healthcare system faced significant challenges during the COVID-19 pandemic, with hospitals being understaffed and overburdened. The accurate and rapid diagnosis of SARS-CoV-2 infection was crucial, particularly for serological and immunological testing of asymptomatic and symptomatic individuals. Consequently, the pandemic had a profound impact on the market. According to a study published in Expert Review of Clinical Immunology in June 2021, enzyme-linked immunosorbent assays (ELISAs), chemiluminescent immunoassays (CLIAs), and lateral flow immunoassays (LFIAs) were the primary methodologies used for serology-based tests for detecting SARS-CoV-2. Additionally, a study titled “Rapid chromatographic immunoassay-based evaluation of COVID-19,” published in February 2021, found that rapid chromatographic immunoassay-based tests offered quick and accurate detection of COVID-19 with excellent specificity and moderate sensitivity. Although the market lost some traction as the pandemic subsided, it is expected to experience stable growth during the study’s forecast period.

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