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Follow on Google News | Therapeutic Drug Monitoring Market Share, Growth and Demand Forecast to 2030According to the latest market research study published by P&S Intelligence, the worldwide therapeutic drug monitoring industry is projected to surge to USD 3,764.1 million by the end of 2030.
By: P&S Intelligence This growth of the market can be credited to the growing need for genetic testing, advancing healthcare infrastructure, improvements in diagnostic techs, surging research and development expenditure in healthcare, increasing product launches, rising patient base suffering from chronic illnesses, and the existence of supportive government guidelines and governing guidelines regarding the usage of drug monitoring. The rising demand for therapeutic drug monitoring for cancer, CVD, and for managing other diseases is the key driver of the market. These diseases are quite common and their incidence is increasing dramatically in many countries on a global level. For example, according to the CDC, CVD is asserted to be killing one person every 33 seconds in the U. S. Moreover, in 2021, it was estimated that about 700000 people died from heart diseases alone. Also, CHD is one of the causes that led to the death of more than 375000 people in the U. S Secondly, according to the WHO, cancer also ranked among the leading causes of death in the world and killed 10 million people in 2020. Browse detailed report analysis on "Therapeutic Drug Monitoring Market Growth and Forecast Report, 2030 (https://www.psmarketresearch.com/ Key Insights
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