MarkNtel Advisors, a leading market research firm, has showed its latest study titled "Global Precision Medicine Market", offering a detailed industry overview and market perspective. This comprehensive research provides insights into the current state of the market, highlighting recent advancements and emerging trends.
The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.
Analysis and Insights into the Global Precision Medicine Market: 2024-2030
The Global Precision Medicine Market size was valued at around USD 48.8 Billion in 2023 & is estimated to grow at a CAGR of around 10.6% during the forecast period, i.e., 2024-30.
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Global Precision Medicine Market Driver:
Rising Demand for Personalized Therapies to Boost Market Growth – Over the past few years, research by academic institutions, non-profit organizations, etc. has revealed that every individual responds differently to medicine due to genetic, physiological, environmental, and lifestyle factors. According to Stanford Medicine, in 2021, it was revealed that almost 99.5% of individuals have an abnormal or atypical response to at least one therapeutic drug. This variability in medication response slows down the efficacy of the treatments. As a result, healthcare facilities are adopting a personalized therapeutic approach, including tailored treatments based on patient characteristics. These tailored approaches optimize therapeutic outcomes and minimize the risk of adverse drug reactions.
Moreover, these personalized approaches also offer therapies based on the patient's disease analysis, which helps in the early detection of disease risk, identification of high-risk individuals, and implementation of preventive measures. Therefore, individuals are seeking personalized therapies to mitigate disease progression and improve long-term health outcomes, driving the Precision Medicine Market.
Global Precision Medicine Market Segmentation:
The Global Precision Medicine Market is categorized in to different segments. Analyzing growth across these segments enables a comprehensive understanding of key growth areas within the industry. This segmentation provides valuable market insights, empowering stakeholders to make strategic decisions and identify primary market applications effectively.
By Technology
-Big Data Analytics- Market Size & Forecast 2019-2030F, USD Million
-Bioinformatics- Market Size & Forecast 2019-2030F, USD Million
-Whole Genome Sequencing- Market Size & Forecast 2019-2030F, USD Million
-Companion Diagnostics- Market Size & Forecast 2019-2030F, USD Million
-Molecular Imaging- Market Size & Forecast 2019-2030F, USD Million
-Artificial Intelligence- Market Size & Forecast 2019-2030F, USD Million
-Others (Pharmacogenomics, Genetic Testing, etc.)- Market Size & Forecast 2019-2030F, USD Million
By Solution Offering
-Consumables- Market Size & Forecast 2019-2030F, USD Million
-Reagents- Market Size & Forecast 2019-2030F, USD Million
-Assay Kits- Market Size & Forecast 2019-2030F, USD Million
-Instruments- Market Size & Forecast 2019-2030F, USD Million
-Real-Time PCR Machines- Market Size & Forecast 2019-2030F, USD Million
-Next-Generation Sequencing (NGS) Systems- Market Size & Forecast 2019-2030F, USD Million
-Microarray Scanners- Market Size & Forecast 2019-2030F, USD Million
-Others (Flow Cytometers, Imaging Systems, etc.) - Market Size & Forecast 2019-2030F, USD Million
-Services- Market Size & Forecast 2019-2030F, USD Million
-Genetic Testing and Counseling- Market Size & Forecast 2019-2030F, USD Million
-Pharmacogenomics Testing- Market Size & Forecast 2019-2030F, USD Million
-Cancer Genomic Profiling- Market Size & Forecast 2019-2030F, USD Million
By End User
-Pharmaceutical & Biotechnology Company- Market Size & Forecast 2019-2030F, USD Million
-Diagnostic Laboratories- Market Size & Forecast 2019-2030F, USD Million
-Healthcare IT- Market Size & Forecast 2019-2030F, USD Million
-Research Centers- Market Size & Forecast 2019-2030F, USD Million
-Healthcare Providers- Market Size & Forecast 2019-2030F, USD Million
-Others (Academic Institutes, Non-Profit Organization, etc.)- Market Size & Forecast 2019-2030F, USD Million
By Application
-Oncology- Market Size & Forecast 2019-2030F, USD Million
-Immunology- Market Size & Forecast 2019-2030F, USD Million
-Central Nervous System (CNS) - Market Size & Forecast 2019-2030F, USD Million
-Respiratory- Market Size & Forecast 2019-2030F, USD Million
-Gastroenterology- Market Size & Forecast 2019-2030F, USD Million
-Others (Endocrinology, Neurology, etc.)- Market Size & Forecast 2019-2030F, USD Million.
Geographical Analysis into the Global Precision Medicine Market:
· North America
· South America
· Europe
· The Middle East & Africa
· Asia-Pacific
Read Detailed Index of full Research Study at – https://www.marknteladvisors.com/research-library/global-precision-medicine-market.html
Competitive Landscape and Global Precision Medicine Market Share Analysis:
The competitive landscape of the Global Precision Medicine Market includes comprehensive details about competitors. These details encompass company overviews, financial performance, revenue generation, market potential, investments in research and development, new market strategies, production facilities, strengths and weaknesses, product launches, ongoing trials, approvals, patents, product range, dominant applications, and technology life cycle.
The report features major players including:
Hoffmann-La Roche Ltd., Astra Zeneca, Qiagen, Thermo Fisher Scientific Inc., Amgen Inc., Bayer AG, Biogen Inc., Illumina Inc., Medtronic Plc, Novartis Pharmaceutical Corporation, Kailos Genetics, LLC., C2i Genomics, Astarte Medical, PerkinElmer Inc., and others.
Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address.
Questions Addressed in this Study
· What factors are driving the Global Precision Medicine Market growth?
· How is the Global Precision Medicine Market expected to grow over the next five years?
· What are the key insights into the current trends in the Global Precision Medicine Market?
· What is the current size of the Global Precision Medicine Market, and how is it projected to change in the future?
· What is the future outlook for the Global Precision Medicine Market in terms of technological advancements and market expansion?
Why choose MarkNtel?
MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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