Press release
Precision Medicine Market Revenue Opportunies, Rising at a CAGR of 9.9% and Leading Companies Intomics, ferrer incode, Nanostring Technologies, Inc.Tepnel Pharma Services, Pfizer, Inc., Novartis AG
Precision medicine is an emerging field, which tailors the treatment according to the individual’s genetic makeup, lifestyle, and environment. The precision medicine have gained popularity due to the positive result obtained by precision medicine in treatment of cancer. It allows the doctors and researchers to predict more accurate treatment and preventive strategies for any particular disease. Precision medicine has also challenged the approach of one drug fits all, as every person has unique genetic structure, which makes it impossible for one drug to work on whole population. Precision medicine is also known personalized medicine or individualized medicine, which target the mutations of normal body cells into cancerous cells. The use of precision medicine in targeted treatment specifically with cancer cells tends to experience less side effects with quick recovery as compared to conventional drugs. Furthermore, improvement in FDA oversights of the drugs tests and other technologies support the innovation in precision medicine by ensuring that they are safe and effective. The advancement in genetic sequencing also supports the precision medicine, as it is completely dependent on the genetic sequencing.Download PDF Brochure @ https://www.coherentmarketinsights.com/insight/request-pdf/145
North America accounts for the largest share in the global precision medicine market, followed by Europe. This is mainly attributed to awareness and initiative related to precision medicine in the North America. In 2015 President Obama announced the launch of Precision Medicine Initiative, that aimed to revolutionize the way of treatment to improve the health, as precision medicine provide an innovative approach that studies the unique gene sequences of individual and offer the tailored treatment. Precision Medicine Initiative have led to powerful novel discoveries and several advanced treatments, which are tailored for specific characteristic such as, genetic makeup or genetic profile of an individual tumor that helps to transform the way of treatment and favors the growth of precision medicine market in near future. The precision medicine initiative invested US$215 million in the National Institutes of Health in fiscal 2016 budget, which is expected to accelerate biomedical research by providing advanced tools and innovative therapies to the physicians, which are tailored according to individual need, in turn fueling the growth of precision medicine market in near future.
Development of big data analysis and IT sector are expected to drive growth of the precision medicine market
The cost and time required for developing new precision medicines is expected to reduce due to the development of big data analysis and IT sector. Moreover, the development of new precision medicines will help in providing the right prescription to improve patient’s health. Huge amount of useful data required for tailored prescription is created by numerous genetic tests and diagnostic tests, which are to be carried out to provide precision medicines. Physicians are able to provide precision medicine, as big data analysis and IT are able to crunch, analyze, and store the necessary data. Key players in the market who are working towards developing bioinformatics technology for precision medicine research applications are funded by the government. For instance, in August 2017, Armonica Technologies, Inc., an Albuquerque-based company, received US$ 1.5 million as a catalyst fund.
The drugs developed by manufacturers are hard to approve and expensive. They are not functional for large number of population, which has built the pressure on pharmaceutical companies to develop an active drug to cure the disease, which can be done with the help of Big Data Analysis and IT sectors to manufacture the precision medicines. Some major players operating in the precision medicine market includes Intomics, ferrer incode, Nanostring Technologies, Inc.Tepnel Pharma Services, Pfizer, Inc., Novartis AG, Teva Pharmaceuticals, Merck & Co., Inc., Qiagen N.V., and Quest Diagnostics.
Growth restraining factors for precision medicine include unavailability of the insurance coverage on the genetic test, which is a mandatory test to analysis the mutation and according to it precision medicine could be provided. High cost of genetic test also hampers the growth of precision medicine market.
Request for Customization @ https://www.coherentmarketinsights.com/insight/request-customization/145
precision medicine Market Taxonomy
This report segments the global precision medicine market on the basis of technology and application. On the basis of technology, the global precision medicine market is segmented into bioinformatics, gene sequencing, drug discovery, precision molecular diagnostics, and big data analytics. Applications of precision medicine include oncology, CNS, hematology, respiratory, and immunology, among others.
Global Precision Medicine Market, By Technology:
Bioinformatics
Gene Sequencing
Drug Discovery
Precision Molecular Diagnostics
Big Data Analytics
Global Precision Medicine Market, By Application:
Oncology
Breast cancers
Lung Cancer
Others
CNS
Hematology
Respiratory
Immunology
Others
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
1001 4th Ave, #3200 Seattle, WA 98154
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Precision Medicine Market Revenue Opportunies, Rising at a CAGR of 9.9% and Leading Companies Intomics, ferrer incode, Nanostring Technologies, Inc.Tepnel Pharma Services, Pfizer, Inc., Novartis AG here
News-ID: 1300026 • Views: …
More Releases from CMI Market Research - Pharmaceutical Industry

Regenerative Medicine Market growth and trends by 2018-2025 | Depuy Synthes, Inc …
Regenerative medicines are medical products or active pharmaceutical ingredients that have the ability to cure or replace organs and tissues organs damaged by various factors such as aging, diseases, trauma, and can also be used to provide stability in congenital disorders. According to findings of various studies, regenerative medicines can also be useful in treating both chronic and acute disorders in terms various context of abnormalities such as cardiovascular diseases,…

Smoking Cessation and Nicotine De-addiction Products Market Revenue Opportunies, …
Cigarette packs have been mandatorily carrying a warning stating ‘Smoking is injurious to Health’, while some countries have resorted to even more graphic visuals of victims of smoking. However, this has done precious little to encourage smoking cessation. It is only through awareness created by NGOs and global healthcare organizations that we observe initiatives to stop smoking among the smoking population. Moreover, focus on introducing therapies for smoking cessation has…

Regenerative Medicine Market Demand Analysis of Application, Types, Users by Key …
Regenerative medicines are medical products or active pharmaceutical ingredients that have the ability to cure or replace organs and tissues organs damaged by various factors such as aging, diseases, trauma, and can also be used to provide stability in congenital disorders. According to findings of various studies, regenerative medicines can also be useful in treating both chronic and acute disorders in terms various context of abnormalities such as cardiovascular diseases,…

Antifungal Drugs Market Industry Analysis, Trends and Growth Opportunities Forec …
As the name suggests, anti-fungal drugs are used to treat fungal infections. Common fungal infections such as fungal nail infection, vaginal infection, and ringworm usually occur on the external surface of the body, while certain fungal invasive infections occur inside the tissue of body or in an internal organ such as lungs and brain. Fungal infection is usually associated with a weak immune system, with people suffering from HIV and…
More Releases for Precision
Precision Harvesting Market Report 2024 - Precision Harvesting Market Trends And …
"The Business Research Company recently released a comprehensive report on the Global Precision Harvesting Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample…
Electronic Precision Repair Service Market Growth Drivers, and Competitive Lands …
The Electronic Precision Repair Service Market Trends Overview 2024-2031:
A new Report by Worldwide Market Reports, titled "Electronic Precision Repair Service Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2031," offers a comprehensive analysis of the industry, which comprises insights on the Electronic Precision Repair Service market analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market.
This report has a complete table of contents, figures,…
Precision Straightening Service Market by Forecast to 2030 With Covered Top Comp …
Worldwide Market Reports is pleased to announce the release of its latest research report titled "Precision Straightening Service Market - Forecast to 2030." This comprehensive report offers a holistic view of the Precision Straightening Service market, providing systematic segmentation and covering every aspect of the target market. With over-market data tables, pie charts, graphs, and figures spread across easy-to-understand pages, the report offers detailed analysis. The information presented in the…
Precision Diagnostics Market - Diagnostic Excellence, Delivered with Precision
Newark, New Castle, USA: The "Precision Diagnostics Market" provides a value chain analysis of revenue for the anticipated period from 2023 to 2031. The report will include a full and comprehensive analysis of the business operations of all market leaders in this industry, as well as their in-depth market research, historical market development, and information about their market competitors.
Precision Diagnostics Market: https://www.growthplusreports.com/report/precision-diagnostics-market/8518
This latest report researches the industry structure, sales, revenue,…
Precision Air Conditioner
Precision air conditioner is used to control the temperature and humidity to accurately maintain the microclimate parameters in environments such as data centers, hospitals and laboratories.
Unlike home or domestic air conditioners, which are designed to cool humans, precision air conditioners in most cases are used for cooling IT equipment.
https://www.nigeriacontractor.com/buy-precision-air-conditioner-in-nigeria/
Official website of Akpo Oyegwa Refrigeration Company: https://www.nigeriacontractor.com/
7th Floor Mulliner Towers,
39 Alfred Rewane Road,
Ikoyi
Lagos, Nigeria.
Direct Expansion Precision Air Conditioner
from 6 to…
Agriculture IoT Market by Precision Farming, Precision Forestry and Smart Greenh …
Hardware to hold the largest share of agriculture IoT market during the forecast period
Hardware is expected to account for the largest share of the agriculture IoT market during the forecast period. The increasing adoption of new technologies and advanced devices for smart agriculture is expected to drive the growth of the agriculture IoT market for hardware during the forecast period. Precision farming involves hardware devices and tools to minimize input…