(MENAFN- Ameliorate Solutions) The report " Global Precision Medicine Market, By Technology (Bioinformatics, Drug Discovery, Gene Sequencing, Precision Molecular Diagnostics, and Big Data Analytics), By Application (Oncology, CNS, Respiratory, Immunology, Hematology, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030.'
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Key Highlights:
- In January 2018, Syapse collaborated with Roche in order to advance precision medicine in oncology. Also, this partnership focuses on clinical delivery and product development for introducing precision medicine to more patients.
- In March 2018, DSM partnered with Mixfit to provide personalized nutrition solutions by combining Artificial Intelligence (AI) technology.
Analyst View:
Growing demand and advancements in cancer biology will drive personalized medicine market during the forecast period. Accessibility to large-scale human genome database including next-generation sequencing (NGS) and computational tools foster industry growth. Development of innovative genetic technologies examines the functional effect of genetic makeup that leads to developing cancer, thus, should propel huge demand for cancer biology. Several such tools are widely used to study the mechanism of DNA repair, epigenetic changes related to cancer and gene regulation in cancerous cells that offer opportunities for cancer biology in personalized medicine. Moreover, improving efficiencies within the health care system will serve to be a positive impact rendering factor personalized treatment business growth. Benefits offered by personalized medicines and treatment includes target treatment for the patient, optimal dosing, focus on prevention and earlier intervention as well as preventing adverse events. Thus, the above mentioned features will foster the demand for personalized medication market growth.
Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on 'Global Precision Medicine Market', By Technology (Bioinformatics, Drug Discovery, Gene Sequencing, Precision Molecular Diagnostics, and Big Data Analytics), By Application (Oncology, CNS, Respiratory, Immunology, Hematology, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030
Key Market Insights from the report:
The global precision medicine market accounted for US$ 48.5 billion in 2018 and is projected to register a moderate CAGR of 9.70% over the forecast period. The market report has been segmented on the basis of technology, application, and region.
- By technology, Drug discovery segment held over 21% revenue share and is projected to grow significantly.
- By application, oncology is believed to have the largest market size and is expected to witness a CAGR of 10.3%, during the forecast period.
- By region, North America currently dominates the market for precision medicine and is expected to continue its stronghold for a few more years.
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Competitive Landscape:
The prominent player operating in the global precision medicine market includes Novartis AG, Intomics A/S, Ferrer Incode SL, Nanostring Technologies, Inc., Pfizer, Inc., Teva Pharmaceuticals, Merck & Co., Inc., Qiagen N.V., and Quest Diagnostics Incorporated.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory framework across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
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Some Important Points Answered in this Market Report Are Given Below:
- Explains an overview of the product portfolio, including product development, planning, and positioning
- Explains details about key operational strategies with a focus on R & D strategies, corporate structure, localization strategies, production capabilities, and sales performance of various companies
- Detailed analysis of this market revenue in previous & next coming years
- Examining various outlooks of the market with the help of Porter's five forces analysis.
- Study on the product type that is anticipated to dominate the market.
- Study on the regions that are expected to register the fastest growth over the forecast period.
Key Topics Covered
Introduction - Study Deliverables
- Study Assumptions
- Scope of the Study
Research Methodology Executive Summary - Opportunity Map Analysis
- Market at Glance
- Market Share (%) and BPS Analysis, by Region
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
Investment Analysis Competitive Analysis Contact Us:
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