Precision Medicine Market Trends Analysis 2022-2029


Posted July 6, 2022 by chathurya

Precision Medicine Market is expected to grow at a CAGR of 9.50% during the forecasting period (2022-2029)

 
Precision Medicine Market Growth Rate Analysis:
The growth of the market can be primarily attributed to the rising interest in biomarkers identification for therapy, diagnosis, and prognosis for personalized medicine development. Researchers are focusing on the identification and monitoring of different biomarkers that can be later used for developing efficient personalized medicine and pharmacogenomics.
The technology will combine big-data analysis along with advanced technologies such as wearables for ensuring continuous precise data acquisition. Hence, such advancements in biomarker analysis will promote the development of personalized medicines.
The personalized medicine therapeutics segment is expected to witness a lucrative growth rate over the forecast period. The increasing development of genomic medicines and biopharmaceuticals based on specific sequencing data can be primarily attributed to segment growth.
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North America dominated the personalized medicine market and accounted for the largest revenue share in 2020. The region is expected to continue its dominance during the forecast period.
In the Asia Pacific, the market is expected to grow fast over the forecast period. This is primarily owing to the low cost associated with conducting clinical trials of newly developed precision medicines and diagnostics in this region, which attracts foreign investments in this region.
Market Segmentation:
By Technology:
Big Data Analytics
Bioinformatics
Gene Sequencing
Drug Discovery
Companion Diagnostics
Others
By Application:
Oncology
CNS
Immunology
Respiratory
Others
By Product:
Consumables
Instruments
Services
By End-Users:
Pharma & Biotech Companies
Diagnostic Tool Companies
Healthcare IT/Big Data Companies
Clinical Laboratories
Geographical Classification:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Major Companies:
Pfizer, Medtronic, Eagle Genomics Ltd, Ferrer Incode, Laboratory Corporation Of America Holdings, Roche Holding Ag, Intomics, Biocrates Life Sciences Ag, Qiagen, Teva Pharmaceuticals, Nanostring Technologies, Novartis.
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We monitor and analyze the market by dissecting various market influencers, competitive intensity, innovations, trends, and emerging products. This aids us in providing a detailed scenario of the present and future of the market.
Contact Information:
Sai Kiran
DataM Intelligence 4Market Research LLP
+1 877-441-4866
[email protected]
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Issued By chathurya
Country India
Categories Business , Industry , Marketing
Tags market growth , market industry , market size , market trends , market value
Last Updated July 6, 2022