Pharmacogenomics explores how the genome affects drug responses.

According to Market Research Future (MRFR), the Global Pharmacogenomics Market Analysis is Projected to Expand at a CAGR of 5.8% Over the Forecast Period (2017-2023).The deciding factors in the pharmacogenomics market growth include the surging expenditure in research and development (R) along with the elevating rate of adverse reactions.

World over, there has been a rising focus on precision medicine coupled with the growing need for drug safety as well as efficacy, which has led to the market expansion in recent years.

On that note, the strong focus on precision medicine is striving to expand the pharmacogenomics market, as the primary aim of precision medicine is integrating genetic as well as environmental information of certain diseases along with their responses to specific treatments.This factor helps in targeted drug therapies, in addition to the growing adoption of treatment procedures that reduce the side effects and achieve accurate results, which makes extensive use of pharmacogenomics.

For instance, in 2015, the United States (U.S.) government had implemented a new precision medicine initiative to augment the development of individualized care, which includes genetic variability for a variety of chronic disorders.Additionally, the rapid growth in the number of research studies associated with sequencing, particularly next-generation sequencing, will raise the demand for pharmacogenomic tests in the years to come.

(U.S.), Future Science Group (U.S.), GeneTech (U.S.), 23andMe, Inc. (U.S.), and others.Market Segmentation The global market for pharmacogenomics has been segmented on the basis of technology, application, and end user.The types of technology in the market include microarray, sequencing, polymerase chain reaction, and others.

The sequencing segment is further segmented on the basis of Sanger sequencing, pyrosequencing, next-generation sequencing, and others.The segments based on application are oncology, cardiology, neurological disorders, and others.

Pharmacogenomics is the study of the relationship between genes and the drug response in humans.

The pharmacogenomics market is driven by significant growth in the pharmaceutical sector.

According to The European Federation of Pharmaceutical Industries and Associations’ Key Data 2019, the pharmaceutical sector in Europe was valued at US$ 139, 287 million in 2000, which increased to US$ 284, 028 million (est.)

According to the American Cancer Society, in 2019, there will be an estimated 1,762,450 new cancer cases diagnosed and 606,880 cancer deaths in the U.S.  Pharmacogenomics has been greatly beneficial to clinical pharmacology by enabling pharmacists to customize treatment plans for patients with specific deficiencies or risks that would not have been treatable without this knowledge.

In April 2021, Vertex received European Commission label extension approval for triple combination cystic fibrosis treatment Kaftrio, extending its use for the ‘majority of patients aged 12 years and older in the U.K, Germany, and other European nations.

The field of pharmacogenomics now encompasses many types of research and studies.

The Global Pharmacogenomics Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.

The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.The comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.

The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.The report classifies the market into different segments based on method, therapeutic application and application.

These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.

The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Final Report will cover the impact of COVID-19 on this industry.Browse the complete Global Pharmacogenomics Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 @ https://www.decisiondatabases.com/ip/15450-pharmacogenomics-market-reportThe report also covers the complete competitive landscape of the global Pharmacogenomics market with company profiles of key players such as:Abbott Laboratories, Inc.Affymetrix, Inc.AstraZeneca plcBayer AGBristol-Myers Squibb CompanyF.

Hoffmann-La Roche Ltd.GE HealthcareGlaxoSmithKline plcJohnson & JohnsonMerck & Co., Inc.A detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT:By Method:Haplotype AnalysisMultivariate TechniquesBy Therapeutic Application:CancerOncologyCardiovascularBy Applications:Drug SafetyTailor TreatmentsDrug DiscoveryBy Geography:North America (NA)Europe (EU)Asia Pacific (APAC)Rest of the World (RoW)Download Free Sample Report of Global Pharmacogenomics Market @ https://www.decisiondatabases.com/contact/download-sample-15450The Global Pharmacogenomics Market has been exhibited in detail in the following chapters –Chapter 1 Pharmacogenomics Market PrefaceChapter 2 Executive SummaryChapter 3 Pharmacogenomics Industry AnalysisChapter 4 Pharmacogenomics Market Value Chain AnalysisChapter 5 Pharmacogenomics Market Analysis By MethodChapter 6 Pharmacogenomics Market Analysis By Therapeutic ApplicationChapter 7 Pharmacogenomics Market Analysis By ApplicationsChapter 8 Pharmacogenomics Market Analysis By GeographyChapter 9 Competitive Landscape Of Pharmacogenomics CompaniesChapter 10 Company Profiles Of Pharmacogenomics IndustryPurchase the complete Global Pharmacogenomics Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-15450Other Reports by DecisionDatabases.com:Global ePharmacy Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Genomics Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Single Cell Genomics Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.