The Global Precision Medicine market report provides an in-depth overview of Product Specification, technology, product type and production analysis considering major factors such as Revenue, Cost, Gross and Gross Margin. The company profiles of all the key players and brands that are dominating the Precision Medicine market with moves like product launches, joint ventures, merges and accusations which in turn is affecting the sales, import, export, revenue and CAGR values are mentioned in the report. The report is generated based on the market type, size of the organization, availability on-premises and the end-users’ organization type, and the availability in areas such as North America, South America, Europe, Asia-Pacific and Middle East & Africa.
Precision Medicine Market accounted to USD 40.1 billion in 2016 growing at a CAGR of 10.5% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Major Market Competitors: Global Precision Medicine Market
Some of the major players operating in precision medicine market are Orion Health, Ariel Precision Medicine, Inc., Metabolon, Inc., Pfizer, Inc., Biocrates Life Sciences, Medtronic, Novartis AS, Quest Diagnostics Incorporated, F.Hoffmann-La Roche Ltd., Teva Pharmaceutical Industries Ltd., Menarini Silicon Biosystems, Lantern Pharma, Nanostring Technologies, Inc., Hologic, Inc. Intomics A/S, among others.
Global Precision Medicine Market,By Technology (Big Data Analytics, Bioinformatics, Gene Sequencing, Drug Discovery, Companion Diagnostics, Others), By Application (Oncology, Hematology, Infectious Diseases, Cardiology, Neurology, Endocrinology, Pulmonary Diseases, Ophthalmology, Metabolic Diseases, Pharmagenomics, Others), By End User (Pharmaceuticals, Biotechnology, Diagnostic Companies, Laboratories, Healthcare IT Specialist), By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
The precision medicine market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of mass spectrometry market for global, Europe, North America, Asia Pacific and South America.
• The study provides an in-depth analysis of the Precision Medicine market size along with the current trends and future estimations to elucidate the imminent investment pockets.
• It offers a quantitative analysis from 2017 to 2025, which is expected to enable the stakeholders to capitalize on the predominant Precision Medicine market opportunities.
• A comprehensive analysis of all the geographical regions is provided to determine the prevailing opportunities.
• The profiles and growth strategies of the key players are thoroughly analyzed to understand the competitive outlook of the global Precision Medicine market.
Precision medicine is an emerging technique for treating diseases and prevention according to individual’s variability of genes, environment and lifestyle of the patient. The approach allows the doctors and researchers to predict, treat and take preventive strategies for a particular disease.
Major Market Drivers And Restraints:
- Increasing online collaborative forums
- R&D investments for characterizing genes
- Increased incidences of cancer
- Hazard of data sharing
- Lack of knowledge and skilled professionals
By technology:- big data analytics, bioinformatics, gene sequencing, drug discovery, companion diagnostics, and others.
By application:- oncology, hematology, infectious diseases, cardiology, neurology, endocrinology, pulmonary diseases, ophthalmology, metabolic diseases, pharmagenomics, and others.
On the basis of end-users:- pharmaceuticals, biotechnology, diagnostic companies, laboratories, and healthcare it specialist.
On the basis of geography:- North America & South America, Europe, Asia-Pacific, and Middle East & Africa. U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
In 2017, North America is expected to dominate the market.
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