(PharmaNewsWire.Com, March 08, 2017 ) According to the report Global Precision Medicine Market, published by Market Data Forecast, the global market is projected to reach USD 69.8 billion by 2021, at a CAGR of 11.5% from 2016 to 2021
Precision medicine is an emerging approach for disease treatment and prevention according to personal variability in genes, environments, and lifestyle for each person. It will lead to start of new era of medicine in which researchers, providers, and patients work together to develop individual care.
The market for Precision Medicine is mainly driven due to increased incidence of cancer and rise in cancer susceptible aging population, technological innovation and advancement, increasing demand for personalized treatment and increasing efforts to specified genes. But the market progress is hindered due to threads associated with sharing of patients genetic data and reducing trends in FDA pharmacotherapy approval rate.
The Precision Medicine Market is segmented as following: Based on Technology: Introduction Big Data Analytics Bioinformatics Gene Sequencing Drug Discovery Companion Diagnostics Others Y-o-Y Growth Analysis, By Technology Market Attractiveness Analysis, By Technology Market Share Analysis, By Technology
Based on Application Introduction Oncology CNS Immunology Respiratory Others Y-o-Y Growth Analysis, By Application Market Attractiveness Analysis, By Application Market Share Analysis, By Application Geographical Segmentation: North America Precision Medicine Market Europe Precision Medicine Market Asia-Pacific Precision Medicine Market Latin America Precision Medicine Market Middle East and Africa Precision Medicine Market
The major companies operating in the global Precision Medicine Market are Pfizer, Roche, Covance, Novartis, Qiagen, Biocrates Life Sciences, Teva Pharmaceutical, Nanostring Technologies, Laboratory Corporation of America Holdings, Tepnel Pharma Services, Intomics, Ferrer InCode, Silicon Biosystems, Eagle Genomics, Medtronic, and Quest Diagnostics.
The Precision Medicine Market study offers the following deliverables: Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analysing the level of competition and business strategy development A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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