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HEALTHCARE & PHARMACEUTICAL

Anti-Asthma TDM Assay Kits Market Segmentation by Product Type (ELISA Assay Kits, Immunoassay Kits, and Others); by Assay Type (Anti-Asthma, and Bronchodilator); and by End-User (Hospitals, Diagnostic Laboratories, and Research Centers & Academic Institutes) – Global Demand Analysis & Opportunity Outlook 2031

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  • June 6, 2022: Thermo Fisher Scientific joins hands with TransMIT GmbH on an Orbitrap Mass Spectrometry Imaging Platform.

  • September 8, 2021: Carterra and Bio-Techne, a leading supplier of innovative and high-quality tools for life science research, collaborated on clinical research for the COVID-19 variant analysis.

Global Anti-Asthma TDM Assay Kits Market Highlights Over 2022 - 2031

The global anti-asthma TDM assay kits market is estimated to garner notable CAGR over the forecast period, i.e., 2022 –  2031. The growth of the market can be attributed to escalating cases of asthma worldwide. TDM is used to measure the plasma concentration of the drug in the given therapy, and it involves measuring drug concentration and clinical interpretation of the result. Furthermore, the data released by the World Health Organisation states that in 2019, asthma affected an estimated 262 million people and caused 455,000 deaths. The surging cases of asthma are estimated to fuel the global anti-asthma TDM assay kits market growth during the forecast period. Moreover, the rising health expenditure is also expected to act as a catalyst for the growth of the global anti-asthma TDM assay kits market during the forecast. As per the data released by the World Bank, the current health expenditure was 9.84% of the total world GDP, in 2019. Apart from this, scientists claim that tobacco smoke is a common trigger for asthma. The smoke from tobacco products, such as cigars, cigarettes, or pipes can aggravate the condition. The data released by the World Health Organization states that in 2020, 22.3% of the world population used tobacco. On account of excessively increasing tobacco users, the global anti-asthma TDM assay kits market is estimated to grow during the forecast period. Also, the worsening air quality is causing various respiratory diseases and asthma is the most common of all. This is also estimated to fuel the global anti-asthma TDM assay kits market growth during the forecast period.

Anti-Asthma TDM Assay Kits Market

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The market is segmented by end-user into hospitals, diagnostic laboratories, and research centers & academic institutes. Out of which, the hospital sub-segment is anticipated to hold the largest share in the global anti-asthma TDM assay kits market on account of the availability of a specialized team of doctors. Moreover, hospitals are equipped with technological advancements which make patients feel comfortable. Owing to this the global anti-asthma TDM assay kits market is estimated to witness remarkable growth during the forecast period. 

Major Macro-Economic Indicators Impacting the Market Growth

Healthcare Expenditure per Capita, (USD), 2015-2018

According to the statistics by the World Health Organization, the global per capita healthcare expenditure amounted to USD 1,064.741 in the year 2017. The worldwide healthcare expenditure per person grew from USD 864.313 in 2008 to USD 1,110.841 in 2018, where the U.S. is the top country that amounted to healthcare expenditure of USD 10, 623.85 per capita in 2018. As of 2018, the domestic general government healthcare spending in the U.S. was USD 5355.79, which grew from USD 3515.82 in 2008. These are some of the factors responsible for market growth over the past few years. Moreover, as per the projections by the Centers for Medicare & Medicaid Services (CMS), the estimated average annual percent change related to National Health Expenditures (NHE) in the U.S. was 5.2% in 2020 as compared to 2019 (4.5%). Furthermore, the National Health Expenditures are projected to reach USD 6,192.5 Billion in 2028, where the per capita expenditure is estimated to touch USD 17,611 in the same year. These are notable indicators that are anticipated to create lucrative business opportunities in upcoming years.

Global Anti-Asthma TDM Assay Kits Market Regional Synopsis

Regionally, the global anti-asthma TDM assay kits market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa region. The market in North America region is estimated to witness modest growth over the forecast period on the back of the increasing healthcare expenditure in the region. As per the data released by the Centers for Medicare & Medicaid Services, the United States health care spending reached USD 4.1 trillion. Moreover, the mushrooming number of asthma patients in the region is projected to fuel the global anti-asthma TDM assay kits market growth during the forecast period. A recent report published by the Asthma and Allergy Foundation of America states that approximately 25 million people living in the United States have asthma.

The global anti-asthma TDM assay kits market is estimated to witness remarkable growth during the forecast period in the Asia Pacific region. The region consists of two highly populous countries India and China. Additionally, as per the data released by United Nations Population Fund, the Asia Pacific region has 60% of the world’s population. Asthma is becoming a common respiratory disease in the region due to the high intake of tobacco by the people and deteriorating air condition. The surging asthma cases in the region are also estimated to foster growth. 

Anti-Asthma TDM Assay Kits Market Share

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The global anti-asthma TDM assay kits market is further classified on the basis of region as follows: 

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook 

  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook 

  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook 

  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook 

  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook 

Market Segmentation 

Our in-depth analysis of the global anti-asthma TDM assay kits market includes the following segments:  

By Product Type 

  • ELISA Assay Kits
  • Immunoassay Kits
  • Others 

By Assay Type  

  • Anti-Asthma
  • Bronchodilator 

By End-User

  • Hospitals
  • Diagnostic Laboratories
  • Research Centers & Academic Institutes

Growth Drivers  

  • Globally Increasing Asthma Cases
  • Rising Government Initiatives

Challenges 

  • Lack of Awareness Amongst People

Top Featured Companies Dominating the Market 

  • F. Hoffmann-La Roche Ltd.
    • Company Overview 
    • Business Strategy 
    • Key Product Offerings 
    • Financial Performance 
    • Key Performance Indicators 
    • Risk Analysis 
    • Recent Development 
    • Regional Presence 
    • SWOT Analysis 
  • Bio-Techne Corporation
  • Svar Life Science AB
  • Thermo Fisher Scientific Inc.
  • Eagle Biosciences, Inc.
  • Merck KGaA
  • Elabscience Biotechnology Inc.
  • MyBioSource Inc.
  • Creative Diagnostics
  • Diagnostic Automation (Cortez Diagnostics, Inc.)

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