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Global Precision Medicine Market Projected to Hit at 9.7%(CAGR), Reach at US$ 96 billion by 2023
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The global precision medicine market is expected to have a significant compounded annual growth rate (CAGR) of 9.7% and have a market size more than USD 96 billion by 2023. North America dominates the global market due to the high incidence of cancer and increasing government initiatives in the region.
Key End Users:
1. Pharmaceuticals and Biotech companies
2. Clinical laboratories
3.Diagnostic companies
4.Healthcare Industries
5.IT specialists/Big data companies
With the help of growing technologies, precision medicine plays a vital role in preventing and treating various diseases such as cancer, cardiovascular, neurology and other diseases, which are currently burdening the healthcare system.
Based on Therapeutics:
1.Cancer
2.Cardiovascular
3. Central nervous system
4.Psychiatric disorder
5. Infectious diseases
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Based on Sub-market:
1.Big data analytics
2.Bioinformatics
3.Gene sequencing
4.Pharmacogenomics
5.Companion diagnostics
Precision medicine involves a study of patient specific information to diagnose, and then categorize various diseases. The concept of precision medicine is rapidly growing in the medicine community through tremendous expansion in various advanced technologies, such as next-generation sequencing, molecular biomarker analysis, and much more.
Global precision medicine market - Market overview
1. Global market overview - market trends, market attractiveness analysis, geography-wise market revenue (USD).
2. Global market drivers and challenges.
3. Value chain analysis precision medicine market.
4. Porter’s Five Forces Analysis.
5. Market segmentation based on end use (pharmaceuticals and biotech companies, clinical laboratories, diagnostic companies, healthcare IT specialists/big data companies).
5. a. Revenue from pharmaceuticals and biotech companies - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations.
5. b. Revenue from clinical laboratories - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations.
5. c. Revenue from diagnostic companies - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations.
5. d. Revenue from healthcare IT specialists/big data companies - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations.
6. Market segmentation for therapeutics (cancer, cardiovascular, central nervous system, psychiatric disorder, infectious diseases).
6. a. Revenue from cancer therapeutics - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations.
6. b. Revenue from cardiovascular therapeutics - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations.
6. c. Revenue from central nervous system therapeutics - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations…Cont.
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Topics covered in the report
1. Overview of the global precision medicine market.
2. Market Drivers and challenges in the global precision medicine market.
3. Market Trends in the global precision medicine market.
4. Historical, current and forecasted market size data for end use segment in the global precision medicine market (pharmaceuticals and biotech companies, clinical laboratories, diagnostic companies and healthcare IT specialists/big data companies).
5. Historical, current and forecasted market size data for the therapeutics segment in the global precision medicine market (cancer, cardiovascular, central nervous system, psychiatric disorder, infectious diseases).
6. Historical, current and forecasted market size data for the sub-market segment in the global precision medicine market (big data analytics, bioinformatics, gene sequencing, pharmacogenomics and companion diagnostics).
7. Analysis of the competitive landscape and profiles of major companies operating in the market.
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