Precision Medicine Market: Information, Figures and Analytical Insights 2022- 2027

 

Precision Medicine Market

 

Precision medicine is a growing approach for the treatment of disease and preventive health. According to MRFR reports, the precision medicine market will likely hit USD 126.14 billion by the end of 2025, with a CAGR of 12.48%.  The precision medicine market allows the patient's participation in taking care of personal health and offers more targeted therapies to the individuals that will propel the precision medicine market growth in the coming years. The growing prevalence of numerous genetic diseases is anticipated to boost the growth of the precision medicine market. The introduction of pharma and biotech industries with big data healthcare companies is likely to propel precision medicine market growth.

The growth of the Precision Medicine Market is attributed to many growth drivers like the rise of data-driven healthcare, increasing incidence rate of cancer, cost-effective profiling of DNA, companion diagnostic assay, and increasing approval of the drug. Furthermore, the rising use of 'multi-omics' in research and the penetration of high-throughput sequencing platforms is also likely to fuel the market's growth in a forecasted period.  The present rise in the price of drug discovery with the rise in regulatory needs has boosted the demand for personalized medicines, which is offering momentum to market growth. However, the increased costs of diagnosis and rise in concerns regarding data security might impede the market's growth.

Get Sample Reports: https://www.marketresearchfuture.com/sample_request/925

Competitive Analysis

The list of prominent leaders in the precision medicine market growth includes the companies like

·         CETICS Healthcare Technologies GmbH,

·         Cepheid Inc.,

·         bioMérieux SA,

·         Almac Group, Ltd.,

·         GlaxoSmithKline Plc (GSK),

·         Johnson & Johnson,

·         Pfizer Inc, Qiagen,

·         Randox Laboratories Ltd,

·         Quest Diagnostics Inc.,

·         Roche Holding AG-Br,

·         Caris Life Sciences,

·         HealthCore, Inc.,

·         Molecular Health GmbH, and

·         Precision for Medicine,

·         IBM,

·         Intel Corporation,

·         Sanofi Pharma,

·         BIOBASE GmbH (Subsidiary),

·         Intomics A/S,

·         ASURAGEN, Inc.,

·         ABBOTT LABORATORIES,

·         LABORATORY CORPORATION OF AMERICA HOLDINGS and many others.

Segment Analysis

The global precision medicine market is bifurcated into numerous segments based on ecosystem players, therapeutics, and submarkets.

·         Based on sub-markets, the classification is done as molecular diagnostics, targeted therapeutics, pharmacogenomics or PGX, companion diagnostics, biomarker-based tests, and many more.

·         The global precision medicine market segmentation based on therapeutics includes infectious disease, cancer or oncology, central nervous system, cardiovascular disease or CVD, and others. The ecosystem players segment includes healthcare IT specialists or big data companies, clinical laboratories, pharmaceuticals, biotechnology companies, and diagnostics companies.

Regional Analysis

On the basis of geography, the precision medicine market is divided into regions like the Middle East, Africa, Europe, Asia-Pacific, Latin America, and North America. Among all these, the North American regional market for precision medicines is projected to account for the largest market share in the forecasted period. The growth of advanced gene mapping technologies is the major factor boosting the regional market growth.  The European region has been recorded as the second-largest shareholder in the global precision medicine market attributed to better electronic health care records, drugs, and diagnostics tools. For the Asia Pacific region, the Singapore precision medicine market is likely to register substantial growth mainly due to the better healthcare infrastructure and increased disposable income.

Table Of content:

1 Report Scope

1.1 Scope Of The Study 26

1.2 Precision Medicine: Report Coverage 27

1.3 Research Methodology 29

1.3.1 Research Methodology For The Global Market Study 30

1.3.1.1 Geographical Analysis 30

1.3.1.2 Demand Side & Supply Side Analysis 31

1.3.1.3 Data Synthesis And Bridging 31

1.3.2 Global Precision Medicine: Research Methodology 32

1.3.3 Key Data Point Sources 33

1.3.3.1 Data Points Taken From Secondary Sources 33

1.3.3.2 Data Points Taken From Primary Sources 33

1.4 Report Description 34

2 Executive Summary

3 Market Overview

3.1 Introduction 42

3.2 Market Timeline 42

3.3 Key Participants, Strategies & Developments 50

3.3.1 Government Agencies 50

3.3.2 Academic Institutions 50

3.3.3 Device & Service Providers 51

3.4 Key Market Strategies And Developments 51

3.4.1 Introduction 51

3.4.2 Partnerships, Agreements, And Collaborations 52

3.4.3 Mergers & Acquisitions 54

3.4.4 Product Development And Launch 56

3.4.5 Business Expansion/Contracts 57

3.4.6 Patents, Approvals, And Certifications 59

3.4.7 Others (Events & Recognitions) 60

 

Industry News

·         Selvita has confirmed that its strategic investment has been concluded by acquiring Fidelta. The transaction completes soon after the very first notice. For a market valuation of €31.2 million plus standard allowance for total capital and corporate capital, Selvita bought 100 per cent of the shareholders' equity of Fidelta.

About US:

Market Research Future (MRFR) enable customers to unravel the complexity of various industries through Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact us:

Market Research Future (part of Wantstats Research and Media Private Limited),

99 Hudson Street,5Th Floor, New York,

New York 10013

 

 

Comments

Post a Comment

Popular posts from this blog

Ayurvedic Products Market Outlook, Trend, Growth and Share Estimation Analysis and Forecast 2020-2030

Image
  Global Ayurvedic Products Market Overview Ayurvedic Products are generally used in personal care and healthcare products. Ayurvedic products originated from India, and thus, the concentration of ayurvedic product suppliers is the highest in the country. According to the latest research reports Due to growing inclination for natural treatment, the Ayurvedic Products Market , size is projected to reach USD 28830.5 Million by 2030 at 12.3% CAGR. Many factors are influencing a significant rise in the growth rate between during forecast periods. Increasing adoption of traditional methods for medicinal purposes is observed to cause a significant boost in the global Ayurvedic Products Market With a rise in the working woman population, rising disposable income, and a growing inclination towards chemical free and herbal cosmetics are some of the primary factors contributing to the ascension of the global ayurvedic market. Apart from personal care, ayurvedic healthcare products are...
Read more

Pain Management Devices Market Set To Exhibit Strong Growth, Valuable Research Factors and Industry Forecast to 2030

Image
  Pain Management Devices Market – Overview The Pain Management Devices Market can anticipate expansion at a rate of 7.12% from 2020 to 2030, believes MRFR (Market Research Future). Progress in technology and better research capabilities have led to the development of devices that can control pain with limited use of drugs. Focused Market reports connected to the healthcare sector among others lately have been made available by Market Research Future which publishes a report on this sector. The development of pain management devices has been useful to control pain in a wide range of ailments. The level of relief from pain that is experienced, is one of the major driving factors for the industry, as patients who use such devices are prone to chronic pain daily. Cancer patients and the geriatric population are among the major user segments for the pain management devices as medication alone may not be sufficient to provide pain relief in their situation. The industry is antici...
Read more

Breast Cancer Market 2022-2027 Worldwide Demand and Growth Analysis Report 2022-2027

Image
  Breast Cancer is the second-most common type of cancer in women and one of the paramount concerns, globally. According to WHO, every year, around 200,000 new cases get registered, and the digits are continuously increasing. Many statistics show that breast cancer is more prevalent in developed countries such as the UK, the US, and Australia as their women are more prone to acquire the disease. This doesn’t mean that women from developing countries like India and China are out of breast cancer’s radar. On the contrary, they are more vulnerable than women from developed regions. Unavailability of proper treatment due to the lack of funds and awareness towards the government’s programs is killing them more than breast cancer can. Advancements in medical science and biotechnology have improved the outlook of diagnosis. However, the recovery is still challenging as survivors adjust to the scars that remain mentally and physically. Surprisingly, the Breast Cancer Market is still a...
Read more