Precision Medicine Market

Global Precision Medicine Market Insights Report Overview

According to the latest market study by MarkNtel Advisors titled “Global Precision Medicine Market: Industry Size, Share, Trends, Growth, Opportunity Analysis 2024-2030” presents a thorough examination of market drivers, opportunities and challenges.

Utilizing a quantitative approach, it offers precise insights into market size, share, and growth. Crafted by industry experts, the report delves into consumption patterns, geographical analysis, and competitive landscapes. Its objective is to furnish valuable insights for clients seeking to comprehend and leverage market dynamics. With a dual focus on historical achievements and future projections, it furnishes a nuanced understanding of the market terrain.

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Precision Medicine Market Overview:

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.

Global Precision Medicine Market Trend:

Integration with Emerging Technologies Like Artificial Intelligence (AI) and Big Data Analytics – The demand for personalized medicine has significantly increased across the globe to address unmet medical needs. Companies have increasingly relied on technologies like machine learning, artificial intelligence, etc. to analyze the large volume of data, comprising genomic data, clinical data, imaging data, and patient outcomes.

Moreover, the amalgamation of these technologies is used for assessing environmental exposures, lifestyle factors, and disease biomarkers to analyze disease exposure, progression, and recurrence for any individual. This further helps hospitals & nursing homes develop targeted therapies for the consumer & provide appropriate treatment for the individual, reducing mortality rates. Therefore, the increasing integration of technologies like molecular imaging, pharmacogenomics, etc. to develop tailored medicine would further propagate the Global Precision Medicine Market in the forthcoming years.

Competitor Insight: Precision Medicine Market

This report focuses on major market participants like:

  • 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

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Segmentation Summary: Precision Medicine Market

This segmentation analysis outlines prominent sections in the report’s table of contents. Each segment undergoes thorough analysis, including sub-segments, to showcase both current and historical market sizes. The analysis underscores investment opportunities for rapid growth, particularly in the Precision Medicine Market, with notable highlighting on:

-By Application

  • Oncology
  • Immunology
  • Central Nervous System (CNS)
  • Respiratory
  • Gastroenterology
  • Others (Endocrinology, Neurology, etc.)

Over the past few years, air pollution has emerged as one of the pivotal environmental problems due to the rapid industrialization of developing economies and surging transportation activities. The severe air quality index is resulting in a surge in several health-related issues, primarily respiratory diseases. According to the National Geographic Society, in 2022, nearly 2 million individuals died due to the adverse effects of outdoor air pollution. Therefore, to cure respiratory diseases, there is a requirement for treatments that specifically study the patient’s disease characteristics under different environmental exposures.

-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
  • Services- 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

Precision Medicine Market Geographical Reach:

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

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Key Questions Addressed:

  • Factors Driving Market Growth: Understand the primary drivers propelling the Precision Medicine market forward.
  • Access to Reliable Reports: Learn where to access dependable market reports for informed decision-making.
  • Growth Projections: Gain insights into anticipated growth projections for the coming years.
  • Geographical Hotspots: Identify geographical poised for significant market growth soon.

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

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 14.8 diverse industrial verticals.

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