In-Depth Analysis of the Global Precision Medicine Market: 2024-2030 Forecasts

MarkNtel Advisors has recently released an in-depth study on the Precision Medicine Market, covering historical data, current market trends, marketing strategies, technological advancements, upcoming technologies, emerging opportunities, and technical advancements in the relevant industry.

How big is the Keyword Industry?

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.

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Who are the top players in the 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.
• C2i Genomics
• Astarte Medical
• PerkinElmer Inc.
• others

Global Precision Medicine 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

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Regional/ Countries Insight:

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

What are the primary market drivers influencing the growth of Precision Medicine Market?

Global Precision Medicine Market Driver:

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.

Moreover, these personalized approaches also offer therapies based on the patient's disease analysis, which helps in the early detection of disease risk, identification of high-risk individuals, and implementation of preventive measures. Therefore, individuals are seeking personalized therapies to mitigate disease progression and improve long-term health outcomes, driving the Global Precision Medicine Market.

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Gain a Competitive Edge with Market Research Report

1. The Global Precision Medicine Market Report by MarkNtel Advisors offers a detailed analysis of the market size, growth rate, competitive landscape, and key players, allowing businesses to gain a comprehensive understanding of market dynamics.
2. Businesses can utilize the report to identify emerging opportunities and potential challenges in the market by highlighting current trends and providing future projections.
3. The insights provided in the report enable companies to align their strategies based on market forecasts, ensuring they can stay ahead of the competition and make informed decisions.
4. Apart from market trends and projections, the Global Precision Medicine Market Report assists in assessing and mitigating risks associated with entering or operating in the market
5. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategic approaches to minimize risks and optimize their operations, enhancing their competitive edge in the market.

About Us

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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