Precision Medicine Market Research, Top Leading player, Emerging Trends, Region by Forecast to 2027

by Emergen Research · March 29, 2022

Emergen Research latest document, titled ‘Global Precision Medicine Market– Forecast to 2027,’ is one of the most sought-after market reports involving an in-depth analysis of the global Precision Medicine market. The report’s authors have offered necessary details on the latest Precision Medicine market trends and the crucial parameters impacting both short-term and long-term market growth. Its panoramic view of the Precision Medicine industry entails useful insights into the estimated Precision Medicine market size, revenue share, and sales & distribution networks.

Development of cost-effective research approaches for genomics and molecular genetics, and growing the usage of extensive data are some of the main drivers that drive the market demand.

Precision Medicine Market Size – USD 60.33 billion in 2019, Precision Medicine Market Growth – CAGR of 10.3%, Precision Medicine Industry trends – High incidence of cancer.

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The rising incidence of chronic and unusual diseases triggers the need to build technically innovative methods for accelerated medical data aggregation and review. The bioinformatics program helps in data processing by rendering successful therapeutic approaches. As a consequence, the growing volume of data in the healthcare sector would fuel demand for bioinformatics, raising competition in the industry for precision medicines.

The creation of bioinformatics tools and applications would promote the production of immunotherapy and thus boost the study of microbiomes, thus advancing the area of precision medicine. Besides, the development of high-throughput technologies such as next-generation sequencing and microarray will pave the way for market growth in bioinformatics, which will further drive market demand in the coming years.

Global Precision Medicine Market – Overview:

The latest market intelligence report, titled ‘Global Precision Medicine Market’, is intended to provide the target audience with the necessary information about the global Precision Medicine industry. The report comprises a detailed analysis of the vital elements of the Precision Medicine market, including key drivers, constraints, opportunities, limitations, threats, and micro- and macro-economic factors. The report carefully investigates the present market scenario and the fundamental growth prospects.Therefore, the report, published by Emergen Research, is a detail-oriented compilation of the crucial aspects of the Precision Medicine market, including the key players’ product offerings, the wide application range of these products, the major market segments, leading market contenders, their company profiles, pricing strategies, production capacities, revenue generation schemes, technological advancements, and many others.

Based on technology, drug discovery is projected to grow with a CAGR of 9.8% in the forecast period, due to the growing emphasis of bio-pharmaceutical players on developing precision medicine for treating diseases, including cancer, which will further boost the market growth.

The diagnostic companies expected to grow with a CAGR of 10.4% in the forecasted period, owing to a wide variety of applications for which big players in the precision medicine industry are engaged in various investment programs.

The oncology application is the major contributor to the Precision Medicine Market. The segment is growing due to the rising frequency and prevalence of cancer worldwide, which will intensify the demand for precision medicine as an essential form of therapy coupled with developing tailored treatments for patients with cancer dependent on their genetic makeup over traditional chemotherapy.

North America dominated the market for Precision Medicine in 2019. The region’s consistent focus on cost-effective and innovative procedures that are adopted in the area is driving the market.

Key participants include Biocrates Life Sciences, Tepnel Pharma Services, Menarini Silicon Biosystems, NanoString Technologies, Quest Diagnostics, Qiagen, Teva Pharmaceutical, Eagle Genomics, Novartis, and Pfizer, among others.

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For the purpose of this report, Emergen Research has segmented into the global Precision Medicine Market on the basis of technology, end-use, application, and region:

Technology Outlook (Revenue: USD Billion; 2017-2027)

Big Data Analytics
Bioinformatics
Gene Sequencing
Drug Discovery
Companion Diagnostics
Others

End-Use Outlook (Revenue: USD Billion; 2017-2027)

Pharmaceutical Companies
Diagnostic Companies
Healthcare IT companies
Others

Application Outlook (Revenue: USD Billion; 2017-2027)

Oncology
Immunology
CNS
Respiratory
Others

Highlights of the TOC:

Report Overview
1.1 Research Scope
1.2 Key Precision Medicine market segments
1.3 Major players
1.4 Market analysis by product
1.5 Market analysis by application
1.6 Report timeline
Global Growth Trends
2.1 Global Precision Medicine market size
2.2 Latest Precision Medicine market trends
2.3 Key growth trends
Competitive Landscape
3.1 Global Precision Medicine market key players
3.2 Global Precision Medicine size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Precision Medicine market
3.5 Mergers, acquisitions, joint ventures, and strategic alliances

Key geographical areas:

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

The report considers the following timeline for market estimation:

Historical Years: 2017-2018
Base Year: 2019
Estimated Year: 2027
Forecast Years: 2020-2027

Valuable Market Insights:

The report highlights the latest trends observed in the consumption pattern of each regional segment.
Extensive market segmentation included in the report helps better understand the revenue and estimated growth of the individual regions.
The report throws light on the historical and current market scenarios and provides a concise year-on-year growth rate of the global Precision Medicine market.
The report further entails the current market trends, technological advancements, revenue growth, and other aspects affecting market growth.

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