The Global Precision Medicine Market report provides a detailed analysis of the market's current state, key players, emerging trends, and future growth prospects. The report is divided into several sections, each focusing on different aspects of the market, such as market size, geographical shares, competitive landscape, and market dynamics.
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Global Precision Medicine Market Key Points and Findings (2024-2030)
Precision Medicine Market Overview: -
The Global Precision Medicine Market size is estimated to grow at a CAGR of around 10.6% during the forecast period, i.e., 2024-30. In recent years, the lifestyle of individuals has drastically changed, as they are following unhealthy diets, consuming excessive alcohol, and rarely engaging in physical activities like sports. The transition of individuals toward unhealthy lifestyles has led to rising instances of chronic diseases like diabetes, cardiovascular diseases, etc. According to the British Heart Foundation, as of 2024, almost 110 million men 80 million women are suffering from coronary heart disease. The higher prevalence of chronic illnesses across the globe is resulting in the requirement for accurate treatment medicines to improve an individual's health condition, driving the Global Precision Medicine Market.
Regional Analysis:
- North America
- Europe
- Asia Pacific
- Middle East/Africa
- South America
Among them, the North America experienced considerable growth in the Global Precision Medicine Market.
Top 10 Industry Competitive: Precision Medicine Market
- 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.
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Market Segmentation:
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
Precision Medicine Market Dynamics:
Key Factor Driving Market–
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.
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Frequently Asking Questions (FAQ’s):
- Which companies lead the Global Precision Medicine Market?
- How will current trends shape the market in the coming years?
- What opportunities, challenges, and driving forces characterize the Precision Medicine Industry?
- Which specific Precision Medicine market segments should industry competitor target to capitalize on recent technological advancements?
- What is the projected growth rate of the global Precision Medicine market?
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