(MENAFN- EIN Presswire) Precision Medicine Market Size 2023
Precision medicine is a rapidly evolving field that aims to tailor medical treatments to an individual's unique genetic, environmental, and lifestyle factors.
PUNE, MAHARASHTRA, INDIA, February 27, 2023 /einpresswire.com / -- precision medicine is novel approach toward disease treatment in healthcare, medications are customized based on patients personalized healthcare needs such as, influence of genes & surrounding environment on patients health and result of various tests carried out on various levels. Follow-up on tests and treatment can be planned based on response of the patients toward treatment, which reduces side effects of drug and multiple administration of medications.
What is the future for Precision Medicine?
Precision medicine is a rapidly evolving field that aims to tailor medical treatments to an individual's unique genetic, environmental, and lifestyle factors. With advancements in technology and research, the future for precision medicine looks very promising.
One significant trend in precision medicine is the increasing use of genomic sequencing to identify specific genetic variations that could affect a patient's response to treatment. As genetic testing becomes more affordable and accessible, clinicians will be better equipped to make informed decisions about the most effective therapies for their patients.
Another area of growth in precision medicine is the use of artificial intelligence (AI) and machine learning algorithms to analyze vast amounts of patient data and identify patterns that could lead to more personalized treatment options. These technologies could help clinicians predict which patients are at the highest risk of developing a particular disease and customize preventative measures accordingly.
Moreover, precision medicine is expected to become increasingly integrated into routine clinical practice as more evidence-based guidelines are established and validated. The development of new biomarkers, therapeutic targets, and diagnostic tools will further improve the accuracy and effectiveness of precision medicine.
Get Sample PDF Report with Graphs and Figures Here:
What are the trends in Precision Medicine?
Surge in global incidence of cancer and increase in aging population susceptible to diseases are expected to boost the demand of precision medicines. Government initiatives & grants and private companies investing in R&D of precision medicines boost the market growth. However, strict regulation set by governments and risk associated with sharing genetic data of patients impedes the growth of precision medicine market.
Top Key Players of Precision Medicine
.Roche Holding AG
.Illumina Inc.
.Thermo Fisher Scientific Inc
.QIAGEN
.Quest Diagnostics
.Laboratory Corporation of America Holdings
.Novartis AG
.AstraZeneca
.Bristol-Myers Squibb
.Eli Lilly & Company
Precision Medicine market segmentation can be done based on several factors, including:
By Technology
.Genomics
.Transcriptomics
.Epigenomics
By Sequencing Technology
.Sequencing by Synthesis
.Ion Semiconductor Sequencing
.Sequencing by Ligation
.Pyrosequencing
.Single Molecule Real Time Sequencing
.Chain Termination Sequencing
.Nanopore Sequencing
By Product
.Consumables
.Instruments
.Services
By Application
.Oncology
.CNS
.Immunology
.Respiratory Medicine
.Infections
.Others Applications
By End user
.Diagnostic Tool companies
.Pharma & Biotech Companies
.Clinical Laboratories
Purchase the Report:
Our Market Research Solution Provides You Answer to Below Mentioned Question:
.Which are the driving factors responsible for the growth of market?
.Which are the roadblock factors of this market?
.What are the new opportunities, by which market will grow in coming years?
.What are the trends of this market?
.Which are main factors responsible for new product launch?
.How big is the global & regional market in terms of revenue, sales and production?
.How far will the market grow in forecast period in terms of revenue, sales and production?
.Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
.How will each segment grow over the forecast period and how much revenue will these segments account for in 2030?
.Which region has more opportunities?
By Region Outlook
. North America
(U.S., Canada, Mexico)
. Europe
(Germany, France, UK, Italy, Spain, Rest of Europe)
. Asia-Pacific
(Japan, China, India, Rest of Asia-Pacific)
. LAMEA
(Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
Top Trending Reports
.Gene Therapy Market:
.3D Cell Culture Market:
.Molecular diagnostics market:
.Digital Pathology Market:
.MRI Coils Market:
.Health And Wellness Market:
Contact Details:
David Correa
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of“Market Research Reports” and“Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
David Correa
Allied Analytics LLP
+ +1 503-894-6022
email us here
Visit us on social media:
facebook
twitter
linkedin