Development of cost-effective research approaches for genomics and molecular genetics, and growing the usage of extensive data are some of the main drivers that drive the market demand.
The global Precision Medicine Market is expected to reach USD 132.66 Billion by 2027, according to a new report by Emergen Research. The proliferation of sequencing methodologies, especially Next Generation Sequencing (NGS), is expected to drive the market due to the increasing sequencing costs and the advancement of the Human Genome Project in the field of genomics.
The research study presents an industry-wide summary of the Precision Medicine market, including drivers, constraints, technological advancements, product developments, limitations, growth strategies, growth prospects, etc. among others. The Precision Medicine report analyzes the market based on different categories, such as product types, end-user applications, and leading geographical regions.
Key Highlights From The Report
- Based on technology, drug discovery is projected to grow with a CAGR of 9.8% in the forecast period, due to the growing emphasis of bio-pharmaceutical players on developing precision medicine for treating diseases, including cancer, which will further boost the market growth.
- The diagnostic companies expected to grow with a CAGR of 10.4% in the forecasted period, owing to a wide variety of applications for which big players in the precision medicine industry are engaged in various investment programs.
- Key participants include Biocrates Life Sciences, Tepnel Pharma Services, Menarini Silicon Biosystems, NanoString Technologies, Quest Diagnostics, Qiagen, Teva Pharmaceutical, Eagle Genomics, Novartis, and Pfizer, among others.
The Precision Medicine market intelligence report talks about the market size, share, value, and production cost analysis over the forecast period 2020-2027.
Precision Medicine Market Region:
The market intelligence report exhaustively examines the market value, share, demand, growth prospects, latest and historical trends, manufacturers, gross revenue collection, competitive terrain, market growth forecast, available products, and end-use applications.
Middle East & Africa
To identify the key trends in the industry, click on the link [email protected] https://www.emergenresearch.com/industry-report/precision-medicine-market
Precision Medicine Market Segmentation:
For imparting a clear understanding, the market is segmented on the basis of types, applications, and key geographical regions.
- Technology Outlook (Revenue: USD Billion; 2017-2027)
- Big Data Analytics
- Gene Sequencing
- Drug Discovery
- Companion Diagnostics
- End-Use Outlook (Revenue: USD Billion; 2017-2027)
- Pharmaceutical Companies
- Diagnostic Companies
- Healthcare IT companies
- Application Outlook (Revenue: USD Billion; 2017-2027)
Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Precision Medicine Market Segmentation & Impact Analysis
4.1. Precision Medicine Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
126.96.36.199. Rise in the online collaborative forums in developed economies Increased adoption of gene therapy globally
188.8.131.52. Increasing usage of big data analytics in precision medicine in developing economies
4.2.3. Market restraints analysis
184.108.40.206. High cost of precision medicine
220.127.116.11. Violation of the privacy rule and misinterpretation of genetic and health data
18.104.22.168. Reimbursement challenges
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Precision Medicine Market By Technology Insights & Trends, Revenue (USD Million)
5.1. Technology Dynamics & Market Share, 2019 & 2027
5.1.1. Big Data Analytics
5.1.3. Gene Sequencing
5.1.4. Drug Discovery
5.1.5. Companion Diagnostics
Chapter 6. Precision Medicine Market By End Use Insights & Trends Revenue (USD Million)
6.1. End Use Dynamics & Market Share, 2019 & 2027
6.1.1. Pharmaceutical Companies
6.1.2. Diagnostic Companies
6.1.3. Healthcare IT companies
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