Press release
Global Personalized Medicine Market 2018 Grow at a CAGR of 12.01% by 2023 | Top Most Players | AsuragenInc, CardioDx Inc., Becton Dickinson & Co., Foundation Medicine Inc., Siemens Healthcare Diagnostics Inc., GE Healthcare, Bristol-Myers Squibb, Pfizer I
Personalized Medicine Market
In 2012, the global personalized medicine market was evaluated around USD 806.97 billion and is expected to reach approximately USD 5208.68 billion by 2022 while registering itself at a compound annual growth rate (CAGR) of 12.01% over the forecast period.
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Market Outlook and Trend Analysis
Major driving factors of the global market are increasing development of whole genome, companion diagnostics, next-generation sequencing technology, and rising retail clinics. Rising healthcare spending levels stimulating the demand for an efficient cancer diagnostic procedure, rising incidence of cancer and growing utilization of amalgamation biomarkers for diagnostics are some factors projected to boost the growth of the global market. Rising implementation of next-generation sequencing by medical practitioners and clinicians for genetic mapping of patients worldwide and increasing support for the personalized drug by regulatory and reimbursement landscape are also expected driving factors for global demand over 2022. Global market growth is also projected to augment via the new drugs introduction that is linked and companion diagnostics, and increasing usage of accurate and extremely sensitive genetic diagnostic method for disease testing as well as risk assessment. The expected rise in advanced DNA diagnostic use along with the decline in implementation price for whole genome sequencing is anticipated to significantly increased rates.
Competitive Outlook
Major market players are Quest Diagnostics, 3G Biotech, Laboratory Corporation of America, Agendia NV, Abbott, AsuragenInc, CardioDx Inc., Becton Dickinson & Co., Foundation Medicine Inc., Siemens Healthcare Diagnostics Inc., Qiagen Inc., Amgen Inc., GE Healthcare, Bristol-Myers Squibb, Pfizer Inc., 23andMe, Sanofi, Illumina Inc., Astra Zeneca PLC, Roche Holding AG, Vertex Pharmaceuticals Inc., American Association for Cancer Research and Merck & Co. Inc.
Regional Outlook and Trend Analysis
In 2014, North American regional personalized medicine market ruled global demand, due to supportive NIH policies and government funding, rising adoption of clinical practitioners, central consolidation of healthcare IT and EHR systems with hospital operations, and incorporation into clinical trials. Technological advancements of next-generation sequencing ensuing in cost decline of genomic sequencing is too an elevated impact providing factor projected to bestow towards the growth of the market. Though, the Asia-Pacific regional personalized medicine industry is anticipated witness major gains during the forecasted years due to the existence of a considerably large base of unfulfilled industry demand, rising technological progression of the regional medical framework and rising awareness regarding genetic diagnostics, therapeutics, and genomic sequencing.
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Market Segmentation-
By Product
PM Diagnostics
Genetic Testing
Direct-to-consumer Diagnostics
Esoteric Lab Services
Esoteric Lab Tests
PM Therapeutics
Pharmaceutical
Genomic Medicine
Medical Devices
Personalized Medical Care
Telemedicine
Healthcare Information Technology
Diseases Management
Personalized Nutrition & Wellness
Retail Nutrition
Complementary Medicine
Alternative Medicine
By Region-
Middle East And Africa (Saudi Arabia, UAE, Egypt, Nigeria And South Africa)
North America (U.S, Canada, Mexico)
Europe (Germany, France, UK, Italy, Spain, Rest Of Europe)
Asia-Pacific (Japan, China, Australia, India, South Korea, Rest Of Asia-Pacific)
Rest Of The World (Brazil, South Africa, Saudi Arabia, Turkey, United Arab Emirates, Others)
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Product Outlook and Trend Analysis
The personalized medicine industry comprehends custom-made medical products split into PM therapeutics, PM diagnostics, nutrition & wellness, and PM care. PM diagnostics and therapeutics cover direct-to-consumer diagnostics, genetic testing, esoteric lab tests and services, medical devices and pharmaceutical & genomic medicine. PM therapeutics and diagnostics sections are anticipated to grow at a significant rate over the next few years due to the increasing adoption of DNA/RNA screening for medical treatment and therapy and expansion of next-generation sequencing over the forecast years. Introduction and development of companion diagnostics and linked medicines are also projected to lead towards the global personalized medicine market growth. Nutritional wellness and medical care segments involve health information technology, telemedicine, retail nutrition, diseases management, alternative and complementary medicine.
Major Table of Contents:
Chapter 1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
Chapter 2. Executive Summary
2.1. Key Highlights
Chapter 3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
4. Personalized Medicine (PM) Market, By Product
5. Personalized Medicine (PM) Market, By Region
6. Company Profiles
……CONTINUED FOR TOC
List of Tables
Table 1.Personalized Medicine (PM) Market, By Product ($Million), 2012-2022
Table 2.PM Diagnostics Market, By Region ($Million), 2012-2022
Table 3.Genetic Testing Market, By Region ($Million), 2012-2022
Table 4.Esoteric Lab Services Market, By Region ($Million), 2012-2022
Table 5.Esoteric Lab Tests Market, By Region ($Million), 2012-2022
Table 6.PM Therapeutics Market, By Region ($Million), 2012-2022
Table 7.Pharmaceutical Market, By Region ($Million), 2012-2022
Table 8.Genomic Medicine Market, By Region ($Million), 2012-2022
List of Figures
Figure 1.Personalized Medicine (PM) Market,By Product, 2012 & 2022 ($Million)
Figure 2.Personalized Medicine (PM) Market, By Region, 2016, ($Million)
Figure 3.ABBOTT LABORATORIES: Net Revenues, 2014-2016 ($Million)
Figure 4.ABBOTT LABORATORIES: Net Revenue Share, By Segment, 2016
Figure 5.ABBOTT LABORATORIES: Net Revenue Share, By Geography, 2016
Figure 6.GE Healthcare: Net Revenues, 2014-2016 ($Million)
Figure 7.GE Healthcare: Net Revenue Share, By Segment, 2016
Figure 8.GE Healthcare: Net Revenue Share, By Geography, 2016
Figure 9.Cepheid: Net Revenues, 2014-2016 ($Million)
Figure 10.Cepheid: Net Revenue Share, By Segment, 2016
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