openPR Logo
Press release

Precision Medicine Diagnostics Market Innovative Treatments, Key Methodologies, Top Players Success Milestones and Forecasts to 2026, Global Players Are Pfizer, Inc., Novartis AG, Teva Pharmaceuticals And Merck & Co., Inc.

01-29-2019 01:38 PM CET | Health & Medicine

Press release from: Coherent Market Insights - Clinical Diagnostic Industry

Global Precision Medicine Diagnostics Market

Global Precision Medicine Diagnostics Market

Precision medicine aims to alter the treatments based on individual characteristics, including differences in genetics, environment, and lifestyle. It has the potential to transform the delivery of care for a variety of diseases. Precision medicine implicate the application of panomic analysis and systems biology to inspect the cause of an individual patient's diseased condition at the molecular level and then to apply targeted treatments to address that individual patient's disease. Precision medicine aims to make medication and medical practices efficient and cost effective. By using the precision medicine, doctors recognize genetic makeup of the subject, which helps doctors to prescribe the right drug with appropriate dose.

For In depth Information Get Sample Copy of this Report @ https://www.coherentmarketinsights.com/insight/request-sample/2422

Precision Medicine Diagnostics Market- Drivers:

Precision medicine diagnostics market is expected to expand at rapid pace in near future, owing to increasing number of pipeline studies to develop new treatment for cancer. For instance, in January 2016, University of Arkansas initiated the clinical trial for fresh tissue biopsy to study the further advancements in bio-specimens (blood cellular free component, e.g., plasma, serum, tissue, urine), in order to develop precision medicine for lung cancer management and screening (synergy with imaging). Fresh tissue biopsy involves taking a small sample of tissue from the body part for further microscopic examination. The study is estimated to complete in December 2019.

Moreover, government initiatives to create awareness among the community health worker is expected to boost growth of the precision medicine diagnostics market. For instance, in March 2018, the Division of Community Engagement and University of Agricultural and Horticultural Sciences (UAHS) Center for Applied Genetics and Genomic Medicine partnered with the University Of Arizona Banner Health Research Program to develop and implement a unique and culturally conscious approach to increase precision medicine literacy, particularly among underserved and marginalized populations. The program has been named as ‘Precision Medicine Community Health Workers/Promoters for All of Us’.

Furthermore, in October 2017, the National Institutes of Health (NIH) collaborated with 11 biopharmaceutical companies to launch a five-year Accelerating Cancer Therapies (PACT) program, this collaboration is focused on enhancing precision medicine approaches to cancer care. Initial focus of PACT is to identify, develop, and validate robust biomarkers (standardized biological markers) of disease and treatment response, to advance new immunotherapy treatments that controls immune system to attack cancer. The total cost of the project was US$ 215 million.

Precision Medicine Diagnostics Market- Restraints:

However, barriers in management of big data (large database including individual’s genetics, environment, and lifestyle to ensure delivery of appropriate therapies) in Electronic health records (EHR) may hamper growth of the precision medicine diagnostics market. Big data refers to the large or complex data. EHR maintains the electronic record of patient health information generated by one or more healthcare service provider. For Instance, in March 2018, Health It Analytics stated that there was rise in adoption of precision medicine by healthcare organizations, but insufficient data management was major challenge that results into turning organizations to Artificial Intelligence (AI) and machine learning techniques to manage large amount of data.

Precision Medicine Diagnostics Market- Regional Analysis:

On the basis of region, the global precision medicine diagnostics market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.
Geographically, North America accounts for the largest share in the global precision medicine diagnostics market, owing to increasing awareness and initiative related to precision medicine in the North America. For instance, in 2015, the U.S Government launched the Precision Medicine Initiative to revolutionize method to improve health and treat disease. The precision medicine initiative will enable health care providers to adapt new treatment and prevention strategies to people’s unique characteristics, including their genome sequence, micro-biome composition, health history, lifestyle, and diet.

Browse Complete Report For More Information @ https://www.coherentmarketinsights.com/ongoing-insight/precision-medicine-diagnostics-market-2422

Europe is anticipated to witness significant growth in the precision medicine diagnostics market over the forecast period due to expansion of key players in the region. For instance, in February 2018, QIAGEN N.V. collaborated with and Sentieon, Inc., to advance precision medicine by delivering Sentieon’s highly efficient variant-calling software. Qiagen N.V. is expected to incorporate Sentieon’s variant-calling software into its bioinformatics portfolio, supporting thousands of next-generation sequencing (NGS) labs and also planned to offer its customer with Sentieon DNAseq and Sentieon TNseq products for germline and somatic variant calling.

Some of the major players operating in the precision medicine diagnostics market include Intomics, Ferrer Incode, Nanostring Technologies, Inc., Tepnel Pharma Services, Pfizer, Inc., Novartis AG, Teva Pharmaceuticals, Merck & Co., Inc., Qiagen N.V., and Quest Diagnostics.

Precision Medicine Diagnostics Market- Taxonomy:

By Technology:
Bioinformatics ,Gene Sequencing ,Drug Discovery ,Precision Molecular Diagnostics ,Big Data Analytics

By Application:
Oncology ,Breast cancers ,Lung Cancer ,Others ,CNS ,Hematology ,Respiratory ,Immunology ,Others

Inquire Here Before Purchase of Research Report @ https://www.coherentmarketinsights.com/insight/talk-to-analyst/2422

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.

Contact Us:

Mr. Shah
Coherent Market Insights
1001 4th Ave, #3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com

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 Diagnostics Market Innovative Treatments, Key Methodologies, Top Players Success Milestones and Forecasts to 2026, Global Players Are Pfizer, Inc., Novartis AG, Teva Pharmaceuticals And Merck & Co., Inc. here

News-ID: 1542367 • Views:

More Releases from Coherent Market Insights - Clinical Diagnostic Industry

Asia Pacific HIV Diagnostics Market Determined By Market Concentration Rate, New Entrants, Products, Services And Solutions 2026 Estimated By Global Players Abbott Laboratories, Merck KGaA, F. Hoffmann-La Roche AG, Siemens Healthineers
Asia Pacific HIV Diagnostics Market Determined By Market Concentration Rate, New …
HIV diagnostics plays a major role in HIV prevention, treatment, care, and other support services. The diagnosis of HIV includes testing services in health-care facilities, free-standing sites, and a wide range of community-based approaches along with HIV self-testing. Developments such as home testing represent new and major opportunities for addressing HIV among men who have sex with men (MSM). According to the UNAIDS, the Joint United Nations Program on HIV
Influenza Diagnostics Market: Healthcare Industry to Remain Key End-use; Vital Advantages to Boost Demand through 2026 Predicted By Global Players Roche Diagnostics, Becton, Dickinson and Company, Thermo Fisher Scientific
Influenza Diagnostics Market: Healthcare Industry to Remain Key End-use; Vital A …
Global Influenza Diagnostics Market, by Test Type (Traditional Diagnostic Test and Molecular Diagnostic Assays), by End User (Hospitals and Clinics, Reference Laboratories, and Others), and by Geography (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018- 2026 Download PDF Brochure Of This Research Report @ https://www.coherentmarketinsights.com/insight/request-pdf/2414 Influenza (flu) is a contagious disease of the upper respiratory system caused due to
Constipation Treatment Market Insights With Key Players AstraZeneca, Takeda Pharmaceutical Company Limited, Abbott Laboratories
Constipation Treatment Market Insights With Key Players AstraZeneca, Takeda Phar …
Constipation Treatment Market Overview Constipation is a disorder that causes issues related to clearing of the bowels and usually leads to hardened feces. It is especially prevalent among the elderly and women. Common symptoms of constipation include lumpy or hard stools, lower abdominal discomfort, straining to have bowel movements, feeling of blockage in rectum that prevents bowel movements, and infrequent bowel movements. Factor that can lead to constipation are aging, dehydration,
Cannabis Testing Market Insights With Key Players himadzu Corporation, Agilent Technologies,Thermo Fisher Scientific, PerkinElmer, Millipore Sigma, AB SCIEX LLC
Cannabis Testing Market Insights With Key Players himadzu Corporation, Agilent T …
Overall cannabis testing process involves sample and column preparation, identification of analyte, determining concentration, and separating the analyte. Various analytical techniques majorly used to test the cannabis are Liquid Chromatography (LC) / High Performance Liquid Chromatography (HPLC), Gas Chromatography (GC), Thin Layer Chromatography (TLC), ELISA kits, and Polymerase Chain Reaction (PCR). Cannabis testing products also involves breathe analyzer and other instruments to check concentration of tetrahydrocannabinol when consumed illegally. Tetrahydrocannabinol

All 5 Releases


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
Netzer Precision Position Sensors: Revolutionizing Precision Measurement With El …
Image: https://www.getnews.info/uploads/f98415239118549ba108626232a501ac.jpg Since its establishment in 1998, Netzer Precision Position Sensors has been at the forefront of designing, manufacturing, and supplying high-quality absolute position encoders. Leveraging their proprietary Electric Encoder technology, Netzer has created a diverse product portfolio that meets the demands of a wide range of applications globally. Innovative Technology Across Diverse Applications Netzer's patented Electric Encoder technology is known for its rugged performance and digital precision. This advanced non-contact technology utilizes
High-Precision MEMS Sensors Market Pioneering Advancements in Precision Technolo …
The Report on "High-precision MEMS sensors Market" provides Key Benefits, Market Overview, Regional Analysis, Market Segmentation, Future Trends Upto 2030 by Infinitybusinessinsights.com. The report will assist reader with better understanding and decision making. Market Dynamics of High-Precision MEMS Sensors Market: The dynamics of the high-precision MEMS sensors market are influenced by several key factors driving its growth. Firstly, the increasing demand for miniaturized, accurate sensing solutions across industries such as automotive,
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,