Precision Medicine Market Is Estimated To Witness High Growth Owing To Increasing Demand for Personalized Treatment

Sachin Sadgir

Precision Medicine Market Is Estimated To Witness High Growth Owing To Increasing Demand for Personalized Treatment

The global Precision Medicine Market is estimated to be valued at US$ 73,946.2 Million In 2022 and is expected to exhibit a CAGR of 10.3% over the forecast period 2022-2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Precision medicine refers to a medical model that tailors healthcare decisions and interventions to individual patients based on their genetic, environmental, and lifestyle factors. It involves the use of advanced technologies, such as genetic sequencing and molecular diagnostics, to develop targeted therapies for specific individuals. The precision medicine market offers several advantages, including improved treatment outcomes, reduced side effects, and minimized healthcare costs. The need for personalized treatments has emerged due to the increasing prevalence of chronic diseases, rising healthcare expenditure, and advancements in genomic research.

Market Key Trends:

One key trend in the precision medicine market is the increasing focus on genomic medicine. Genomic medicine involves the analysis of a patient's genetic information to understand their individual risks for certain diseases and to develop targeted therapies. Advances in genomic sequencing technologies, decreasing costs of genetic testing, and the availability of large-scale genomic databases have fueled the adoption of genomic medicine in precision medicine. Genomic medicine enables healthcare providers to identify genetic markers that can be used to predict disease risk, personalize treatment options, and improve patient outcomes.

PEST Analysis

Political: In the global Precision Medicine Market, political factors can play a significant role in shaping the industry's growth. Government regulations and policies regarding healthcare, pharmaceuticals, and biotechnology can impact the adoption and development of precision medicine. For example, changes in regulatory frameworks that promote personalized medicine and facilitate the approval process for novel therapeutics can drive market growth.

Economic: The economic factors influencing the precision medicine market include factors such as healthcare spending, GDP growth, and per capita income. Economic conditions can impact the affordability and accessibility of precision medicine technologies and treatments. Increasing healthcare expenditure, particularly in emerging economies, and the growing disposable income of individuals can contribute to the market's expansion.

Social: Social factors encompass societal attitudes, demographics, and lifestyle choices that can shape the demand for precision medicine. Factors such as aging population, rising prevalence of chronic diseases, and increasing awareness about personalized medicine and its benefits can drive the adoption of precision medicine solutions.

Technological: Technological advancements have a significant impact on the precision medicine market. Innovations in genomics, molecular diagnostics, and data analytics have transformed the field by enabling more accurate diagnostics, targeted therapies, and personalized treatment plans. Moreover, the integration of artificial intelligence (AI) and machine learning in precision medicine has the potential to revolutionize disease management and treatment.

Key Takeaways

The global precision medicine market is expected to witness high growth, exhibiting a CAGR of 10.3% over the forecast period. This growth can be attributed to several factors, including the increasing prevalence of chronic diseases, advancements in genetics and molecular diagnostics, and the shift towards personalized medicine.

In terms of regional analysis, North America is expected to be the fastest-growing and dominating region in the precision medicine market. The presence of well-established healthcare infrastructure, favorable government initiatives, and significant investments in research and development contribute to the region's growth. Additionally, the active participation of key players in this region further stimulates market expansion.

Key players operating in the precision medicine market include Intomics, GENinCode, NanoString, Tepnel Pharma Services Limited, Pfizer Inc., Novartis AG, Teva Pharmaceutical Industries Ltd., Merck & Co., Inc, QIAGEN, Quest Diagnostics Incorporated, Medtronic, Thermo Fisher Scientific Inc., Laboratory Corporation of America Holdings, bioMérieux SA, F. Hoffmann-La Roche Ltd, Eli Lilly & Company, GlaxoSmithKline plc, Cepheid, AstraZeneca PLC, Myriad Genetics, Inc., Bristol-Myers Squibb Company, and Found. These key players play a crucial role in driving innovation, research, and development in the precision medicine field, contributing to the market's growth.

Sachin Sadgir

Precision Medicine Market Is Estimated To Witness High Growth Owing To Advances in Genomics and Rising Demand for Personalized Treatment

Vaishnavi Kashid 2023-08-16

The global Precision Medicine Market is estimated to be valued at US$ 73,946. Driver: Advances in GenomicsAdvancements in genomics have played a crucial role in driving the adoption of precision medicine. Driver: Rising Demand for Personalized TreatmentThe growing demand for personalized treatment options is another major driver of the precision medicine market. The increasing awareness among patients and healthcare providers about the benefits of personalized medicine is driving the demand for precision medicine solutions. Regional Analysis: North America is expected to be the fastest growing and dominating region in the precision medicine market.

Precision Medicine Market Overview 2024-2033 – Competitive Landscape and Strategies

Uday Kiran 2024-03-04

Learn More On The Precision Medicine Market:https://www. The precision medicine market size is expected to see strong growth in the next few years. The rising prevalence of cancer is projected to fuel the growth of the precision medicine market. Therefore, the rising prevalence of cancer drives the growth of the precision medicine market. info/ Healthcare Blog: https://healthcareresearchreports.

Precision Medicine Market Upcoming Trends, Strategies Development and Forecast 2022 – 2030

Tani Shah 2023-03-08

The Global Precision Medicine Market Research Report added by Emergen Research to its expanding repository is an all-inclusive document containing insightful data about the Precision Medicine market and its key elements. The global Precision Medicine Market is expected to reach USD 132. Global Precision Medicine Market has been developing at a rapid rate and is contributing significantly to the global economy in terms of revenue, growth rate, sales, market share, and size. The Global Precision Medicine Market report is a comprehensive research document that provides valuable insights to the readers to understand the fundamentals of the Precision Medicine market. It further fragments the global Precision Medicine market into a broad product spectrum.

Precision Medicine is Estimated to Witness High Growth Owing to Opportunity in Disease Risk Stratification and Personalized Treatment

Rajkumar cmi 2024-01-12

The global precision medicine market focuses on administering the right treatment to the right patient at the right time. The global Precision Medicine Market is estimated to be valued at US$ 236. With the help of precision medicine, the process of risk stratification can be made more precise by considering genetic and lifestyle factors. The opportunity to stratify disease risk more precisely and offer targeted treatment presents lucrative growth prospects for players in the precision medicine market. The global Precision Medicine Market is estimated to be valued at US$ 236. Key players analysis related content: Key players operating in the precision medicine market are C L Pharm, Cure Pharmaceutical, Sunovion Pharmaceuticals Inc.

Precision Medicine: Bridging the Gap between Research and Clinical Practice

harries jackson 2023-06-16

However, precision medicine aims to overcome this gap by integrating cutting-edge research findings into routine clinical care. One way precision medicine bridges this gap is through the integration of genomics and molecular biology into clinical practice. Furthermore, Precision Medicine leverages technology and data analytics to translate research insights into actionable information for healthcare professionals. Moreover, precision medicine fosters collaboration between researchers, clinicians, and patients. By breaking down silos and encouraging collaboration, precision medicine accelerates the translation of research findings into clinical practice.

Precision Medicine Market: Revolutionizing Disease Management During The Forecast Period From 2022-2030

Cmitejashree 2023-08-04

One of the key aspects of precision medicine in disease management is its emphasis on early detection and prevention. By analyzing an individual's genetic predisposition to certain diseases, healthcare providers can identify potential risks at an early stage. Furthermore, the integration of precision medicine with digital health technologies, such as wearable devices and remote patient monitoring, has enhanced disease management strategies. However, implementing precision medicine in disease management does come with challenges. In conclusion, precision medicine is revolutionizing disease management by offering personalized, data-driven, and patient-centric approaches to understanding and treating medical conditions.

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Artificial Intelligence (AI) in Precision Medicine Market Research Release the Growth Rate and Business Opportunities till 2025 | MarkNtel Advisors

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The Artificial Intelligence (AI) in Precision Medicine Market is projected to grow at around 50% CAGR during 2020-25. html NOTE: We deliver explicit analysis on the effects of Covid-19 on Artificial Intelligence (AI) in Precision Medicine Market Report, with unbiased insights on the consumer behavior, driver, challenges, trends, opportunities, and other market estimates. html This research report provides information about:-Accurate data on the Artificial Intelligence (AI) in Precision Medicine Market drivers, restraints, opportunities, & challenges, along with the estimated size, share, & CAGR during the forecast period. html Leading Companies Profiled in the Market Research Report:This section of the research report includes a competitor analysis of the key players in the Artificial Intelligence (AI) in Precision Medicine Market, with respect to company revenues, product offerings, various R&D conducted, etc. comCall us- +1 604 800 2671, +91 120 4311129Follow us – Twitter | Facebook | Linkedin |Youtube

Precision Medicine Market Report 2022-2028 | Industry Analysis By Top Key Players

Aniqa Sheikh 2022-09-29

The global Precision Medicine market is highly fragmented due to the presence of various large numbers of players which forms a competitive environment. The major players in the precision medicine market include Roche Holding AG, Illumina Inc. Get more information on “Global Precision Medicine Market Research Report” by requesting FREE Sample Copy at https://www. Browse Global Precision Medicine Market Research Report with detailed TOC athttps://www. Purchase Complete Global Precision Medicine Market Research Report athttps://www.

Precision Medicine Market set to reach US$ 60 Million revenues by 2024

bishu das 2018-10-12

According to the latest study conducted by Research Report Insights (RRI) the global market for precision medicine is anticipate grow manifold, reflecting a robust CAGR of over 14% during 2016 to 2024.Rapid augmentation of the medicine industry across the globe will certainly benefit the global market for precision medicine.

Moreover, apt storage of genome data is of great significance to the global market for precision medicine as demand for data medicare is on the rise.

However, acute data storage capacity, data privacy breach and discrepancies in funding systems and hefty price tag of personalized drugs may deter the market growth in the near future.The global market for precision medicine has been categorized into various parent segments that are further segmented into smaller sub-divisions.On the basis of technology, next-gen sequencing, bioinformatics and drug discovery technology are expected to be the technologies highlighting the expanding the market width in forthcoming years.

Based on applications, the oncology segment is expected to witness an overwhelming growth and is estimated to reach US$ 69 Billion over 2024, reflecting a staggering 13.5% CAGR.

On the other hand, increasing cases of arthritis will favor the growth of immunology segment, which is expected to surpass US$ 34 Million in revenues by 2024 end.Request For Report Sample: https://www.researchreportinsights.com/report/sample/110114684/Precision-Medicine-MarketThe popularity of precision medicine has grown significantly across various parts of the world, hence on the basis of region, the markets for precision medicine in Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa (MEA) is set to achieve new figures of growth over the next eight years.

Precisely, the market in North America is expected to present new lucrative opportunities, occupying over 35% share of the market during the forecast period.

Middle East Precision Medicine Market size, opportunities and Forecast to 2032

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Empowering Research and CollaborationThe Middle East is witnessing a surge in collaborative efforts and research networks focused on precision medicine. Furthermore, initiatives promoting public awareness and education regarding precision medicine are gaining traction in the Middle East. According to BIS Research, The Middle East Precision Medicine Market was estimated to be at $3,942. One of the key drivers of the Middle East precision medicine market is the growing adoption of genomics and molecular diagnostics. Overall, the Middle East precision medicine market shows immense potential for growth and innovation.

Precision Medicine Market Size, Share, Regional Overview and Global Forecast to 2027

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The global Precision Medicine Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027.

Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.

The major players in the precision medicine market include Roche Holding AG, Illumina Inc., Thermo Fisher Scientific Inc., QIAGEN, Quest Diagnostics, Laboratory Corporation of America Holdings, Novartis AG, AstraZeneca, Bristol-Myers Squibb, Eli Lilly & Company and others..

This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Precision Medicine Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/precision-medicine-market/download-sampleMarket DynamicsThe market is mainly driven by increasing approval of the drug and its companion diagnostic assay, cost-effective profiling of DNA, increasing incidence of cancer, and the rise of data-driven healthcare.

In addition, the rising use of “multi-omics” in research, along with the penetration of high-throughput sequencing platforms, is also surging up the precision medicine scenario.

The number of targeted molecules in the pipeline for a specific application has been exponentially growing, specifically in oncology has created a new opportunity over the forecast period.

Insights on Precision Medicine Market Analysis by Growth Application, Manufacturing, Industry Demand Forecast to 2030

Harrykons 2022-06-30

The report is titled ‘Precision Medicine Market: Opportunity Analysis and Future Assessment 2022-2030’. The precision medicine market is expected to grow at a significant rate in the near future. Request a Sample Copy of the Report for COVID-19 Impact Analysis on Precision Medicine Market: @ https://reportsandinsights. Owing to which, the global precision medicine market is projected to grow substantially in the years to come. Attributing to which, the global precision medicine market is expected to witness significant growth in the coming years.

Precision Medicine Market Predicted to Witness Surge in The Near Future

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Global Precision Medicine Market: OverviewAs indicated by most recent report by Transparency Market Research precision medicine is sickness treatment approach which is invented subject to solitary vacillation in characteristics, condition, and lifestyle for each person.

Exactness prescription is an absolutely new thought and development which has been getting vitality in the past scarcely any years, and in this way, has become a promising zone for business adventure for critical pharmaceutical associations.

An exactness based way to deal with detailing drug could prompt new bits of knowledge into sickness science and event whose applications might be populace wide.

These initiative are also boosting the global precision medicines market from 2016 to 2024 says the report.Looking for Regional Analysis or Competitive Landscape , ask for a customized reportGlobal Precision Medicine Market: SegmentationsThe Transparency Market Research's report states that the market for precision medicine has been fragmented based on kind of technology, application and topography.

In light of sort of innovation, the market has been portioned into tranquilize revelation, buddy diagnostics, sequencing, bio-informatics and enormous information examination.

The partner diagnostics and medication disclosure portions are foreseen to lead the market as far as income share attributable to a more noteworthy usage pace of these advancements in consistency with exactness prescription.In light of application, the precision medicine market has been sectioned into oncology, hematology, Infectious sickness, cardiology, nervous system science, endocrinology in the report.

Precision Medicine Software Market 2022 Size, Types, Global analysis, Major Services, Revenue, Grow Rate, Challenges and Opportunities Market Report By 2028

Sns Insider 2022-09-13

The individuals or the organizations are usually looking for market facts, crucial styles, modern examples, and improvement openings, the worldwide Precision Medicine Software market document is a first-rate asset. com/sample-request/2084Key Players:· Roche Holdings Inc. The recognition is primly on the development elements, strategic policies, and other associated statistics, this overview investigates is the pace of interest development and Precision Medicine Software marketplace valuation. Regional Overview The reports include the data of the whole globe for the Precision Medicine Software market. Table Of ContentsIntroductionResearch MethodologyMarket DynamicsImpact AnalysisValue Chain AnalysisPorter’s 5 Forces ModelPEST AnalysisPrecision Medicine Software Market SegmentationRegional AnalysisCompany ProfilesCompetitive LandscapeConclusionCONTACT-USAkash AnandHead Of Business Development and Strategysales@snsinsider.

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Global Oncology Precision Medicine Market to Grow with 11.6% CAGR from 2022 to 2027

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Global Precision Medicine Market to Reach $278.61 Billion by 2030

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The global precision medicine market is projected to reach $278. 61 billion by 2030, reveals a premium market intelligence report by BIS Research. government is undertaking a number of initiatives to develop of precision drugs and tests for oncology and non-oncology diseases and provide funds to new startups in the molecular diagnostics and precision medicine field. The key players profiled in the report include Abbott Laboratories, Almac Group Ltd, Amgen Inc. The recommendations by BIS Research also offer bespoke research services to help organizations meet their objectives.

Global Precision Medicine Software Market Size, Overview, Key Players and Forecast 2028

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Global Precision Medicine Software Market is anticipated to reach a value of over USD xx billion by 2028 and register a CAGR of 11% for the forecast period 2022-2028. FutureWise Research has released a research report that analyses Precision Medicine Software Market trends in order to forecast market growth. The Precision Medicine Software Market report examines market segmentation forecasts by delivery mode, by end-user, by application, and by region. Competitive Landscape:· Tier one players - major players with a substantial market share. Flexible Delivery Model:• We provide a flexible distribution strategy where you may suggest changes to the information's scope or table in accordance with your demands.

Growing Investment in Healthcare Industry to Spur Growth of Precision Medicine Market

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Precision Medicine Market Research Report: Information by Ecosystem Players (Pharmaceuticals and Biotechnology Companies, Diagnostic Companies, Healthcare IT Specialists/Big Data Companies and Clinical Laboratories), Sub-Markets (Companion Diagnostics, Biomarker-Based Test, Targeted Therapeutics, Pharmacogenomics (PGX), Molecular Diagnostics and others), Therapeutics (Cancer/Oncology, Cardiovascular Disease (CVD), Central Nervous System, Infectious Diseases and others) and Region (Americas, Europe, Asia-Pacific and Middle East & Africa) - Global Forecast till 2027Overview:The Global Precision Medicine Market is showing potential to ensure growth by 12.48% CAGR over the forecast period of 2018 to 2025 where the valuation could cross a mark of USD 126.14 Million by 2025.

The entire market could be chalked out on the basis of much detailed analysis of the genome structure, exclaims Market Research Future (MRFR).

Also, chances of personal data leak can hold back the precision medicine market.Request Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/925Segmentation:The global precision medicine market report deserves a close inspection as it could reveal various insights that can improve the market scenario.

There are several segments on which the report has been founded; they are ecosystem players, sub-markets, and therapeutics.By ecosystem players, the market includes diagnostic companies, healthcare IT specialists/big data companies, pharmaceuticals & biotechnology companies, and clinical laboratories.

The diagnostic tool companies segment had a market valuation of over USD 16.27 million in 2017.By sub-markets, the global market for precision medicine can be segmented into the biomarker-based test, molecular diagnostics, companion diagnostics, pharmacogenomics (PGX), targeted therapeutics, and others.By therapeutics, the global market for precision medicine includes cardiovascular disease (CVD), cancer/oncology, infectious diseases, central nervous system, and others.Regional Analysis:The global precision medicine market makes a solid case for itself by segmenting the market on a region-specific scale into the Americas, Europe, and Asia-Pacific (APAC) for their substantial possibilities, and the Middle East & Africa for their endeavors to take the market forward.The Americas would show high growth due to its technological superiority and better expenditure plans.

The US and Canada are expected to make substantial impact on the regional market.