openPR Logo
Press release

What's driving the Precision Medicine Market ? Key Company Profiled - Biocrates Life Sciences AG, Eagle Genomics Ltd, Ferrer inCode, Intomics, Laboratory Corporation of America Holdings, NanoString Technologies, Novartis, Pfizer, Qiagen, Quest Diagnostics

02-22-2019 02:28 PM CET | Health & Medicine

Press release from: Global Market Insights, Inc.

Precision Medicine Market

Precision Medicine Market

Oncology segment will experience 11.1% CAGR during the forecast timeframe. High segmental growth can be attributed to the increasing prevalence of cancer globally. According to Globocan 2018, the number of new cancer cases are estimated to be 18.1 million cases. Development of target novel therapies and precision medicines has drastically reduced the mortality rates and hence, high demand for precision medicine in cancer treatment will drive the segmental growth in foreseeable future.

Pharmaceutical companies segment of precision medicine market accounted for 37.1% in 2017 owing to the increasing R&D efforts for drug development activities. Pharmaceutical companies are currently trying to develop precision medicines for rare genetic diseases. According to Global genes, there are around 7,000 rare genetic diseases discovered. In 2015, around 30 million Americans were detected with rare diseases that will augment demand for precision medicines thereby, propelling the segment growth.

Request sample copy of this report @ https://www.gminsights.com/request-sample/detail/671

U.S. precision market will experience 9.7% CAGR during the forecast timeframe. Enormous market growth will be due to increasing cases of rare genetic diseases. Furthermore, certain initiatives undertaken by the regulatory bodies have also positively impacted availability of precision medicines. For instance, Broad Institute, in collaboration with research centers such as Verily Life Sciences have initiated many programs that supports the development of precision medicine increasing its adoption rate. Aforementioned factors coupled with favorable regulatory scenario ensuring superior quality of precision medicines will escalate the U.S. precision market growth in upcoming years.

Germany precision medicine market was valued at USD 2.6 billion in 2017 and high segmental growth will be due to the growing pediatric as well as adult population susceptible to metabolic diseases such as diabetes. According to NCBI, prevalence of Type 2 diabetes is high in the German population. Researchers and scientists have geared up efforts to develop precision medicines that are altered according to patient’s genome ensuring efficient treatment of genetic disorders. Moreover, high income levels and developed healthcare infrastructure will prove beneficial for Germany precision medicine industry growth in future.

Make Inquiry about this report @ https://www.gminsights.com/inquiry-before-buying/671

Prominent industry players operational in the precision medicines market include Biocrates Life Sciences AG, Eagle Genomics Ltd, Ferrer inCode, Intomics, Laboratory Corporation of America Holdings, NanoString Technologies, Novartis, Pfizer, Qiagen, Quest Diagnostics, F. Hoffmann-La Roche, Silicon Biosystems, Tepnel Pharma Services, Teva Pharmaceuticals. Key industry players implement strategic initiatives such as new product launch, mergers, acquisitions and geographic expansions to sustain market their respective market shares. For instance, in January 2018, GE healthcare collaborated with Roche to enhance their precision medicine product offering in oncology segment. Collaboration with a major industry player will aid Roche’s revenue generation.

Precision Medicine Market size is set to exceed USD 96.6 billion by 2024; according to a new research report by Global Market Insights, Inc.Advancements in cancer biology will ensure development in gene sequencing technique and other platforms available for cancer treatment. Furthermore, rising development in field of bioinformatics that support gene sequencing to initiate formulations of precision medicines will enhance the precision medicine market growth in foreseeable future. For instance, recently developed target therapy for cancer includes precision medicines that ensures patient recovery through immunotherapy. Development of such new therapies will escalate the business growth.

Increase in adoption rate of gene therapy in developed economies with relatively high-income level will further enhance the precision medicine market growth. Rising incidences of genetic disorders has positively influenced the business growth. According to WHO, sickle cell anemia affects around millions of people globally every year. Along with sickle cell anemia, there are many other genetic diseases such as thalassemia, hemophilia and others that are prevalent globally. Moreover, increase in research and development activities that boosts the production and manufacturing of precision medicine in emerging countries such as Africa and Brazil will augment the industry growth in future. However, high cost of precision medicines may restrain the market growth.

Bioinformatics segment was valued at USD 7.4 billion in 2017 and is expected to have considerable growth during the forecast timeframe. Bioinformatics is composed of information that includes data for gene sequencing, amino acid sequences of proteins and structural classification of protein enabling efficient drug development process for treating diseases such as cancer at molecular level. Additionally, bioinformatics is also used to determine the treatment for hereditary metabolic disorders that will drive the segmental growth in forthcoming years.

Report Content

Chapter 1. Methodology
1.1. Methodology
1.2. Market definitions
1.3. Forecast parameters
1.4. Data sources
1.4.1. Secondary
1.4.1.1. Paid sources
1.4.1.2. Unpaid sources
1.4.2. Primary

Chapter 2. Executive Summary
2.1. Precision Medicine industry 3600 synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Technology trends
2.1.3. Applications trends
2.1.4. End-use trends
2.1.5. Regional trends

Chapter 3. Precision Medicine Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry impact forces
3.3.1. Growth drivers
3.3.1.1. Advancements in cancer biology
3.3.1.2. Rise in the online collaborative firms
3.3.1.3. Increased adoption of gene therapy
3.3.1.4. Increasing usage of big data analytics in precision medicine
3.3.2. Industry pitfalls and challenges
3.3.2.1. High cost of precision medicine
3.3.2.2. Violation of privacy rule and interpretation of genetic and health data
3.3.2.3. Complications associated with renal replacement therapy
3.4. Regulatory landscape
3.4.1. U.S.
3.4.2. Europe
3.5. Growth potential analysis
3.5.1. By technology
3.5.2. By application
3.5.3. By end-use
3.6. Competitive landscape, 2017
3.6.1. Strategy dashboard
3.7. Porter’s analysis
3.8. PESTEL analysis

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Blog : http://news-researchers.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 What's driving the Precision Medicine Market ? Key Company Profiled - Biocrates Life Sciences AG, Eagle Genomics Ltd, Ferrer inCode, Intomics, Laboratory Corporation of America Holdings, NanoString Technologies, Novartis, Pfizer, Qiagen, Quest Diagnostics here

News-ID: 1610817 • Views:

More Releases from Global Market Insights, Inc.

Rare Sugar Market Top 3 Trends, Covid-19 Outbreak, Factors Driving, Threats, Cha …
Rising awareness regarding health & fitness and the subsequent shift in consumer trends towards low-calorie sweeteners will boost rare sugar market share over the forecast spell. Recent years have marked a steady rise in the prevalence of cardiovascular ailments, diabetes, and obesity, among other chronic conditions, which have triggered a massive change in consumer perceptions towards health. This in turn has led to a surge in demand for various functional foods
Global Selenium Yeast Market Industry Assessment, Trends, Competitive Landscape, …
The selenium yeast market is anticipated to register substantial gains on account of rising inclination towards organic additives in animal nutrition, with an aim to improve livestock health and production. Consumers are steadily becoming aware of the downsides associated with using synthetic additives. As a result, they are preferring selenium yeast feed grades over other counterparts to provide balanced nutrition to their livestock. According to Global Market Insights Inc estimates
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key players Eaton, Schneider, Siemens, Hitachi, Powell, Hubbell
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key pl …
Global Power Distribution Component Market Report offers market overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight. Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3091 Voltage rating have acted as a standard industry protocol toward the installation of power components reliant on regulatory preference, deployment areas, and the group
Prenatal Vitamin Ingredients Market New Entrants, Risk Factors, Market Expansion …
The rise in the instances of miscarriages on account of poor diet and hygiene will anchor the consumption of prenatal vitamin ingredients. Excessive intake of junk food has resulted in the scarcity of important nutrients in pregnant women that could adversely affect the fetus health and development. Furthermore, prenatal vitamin ingredients possess additional nutritional components that are not so easily sourced from regular food items and products. Prenatal vitamin ingredients can

All 5 Releases


More Releases for Precision

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
Precision Casting Market In-deep Analysis and Experts Review Report 2020 to 2026 …
The global Precision Casting Market research report 2020 provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Precision Casting market report provides information regarding market size, share, trends, growth, cost structure, global market competition landscape, market drivers, challenges and opportunity, capacity, revenue, and forecast 2026. The report delivers a comprehensive overview of the crucial elements of the market and elements such as drivers, current
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
Precision Medicine Market
Precision medicine is an approach of treatment that has been derived on the basis of individual variability in environment, genes and lifestyle of each person. This novel approach assists medical practitioners and researchers to understand various treatment needs in order to prevent specific diseases. It allows for highly precise targeting of medication for treatment of various diseases, which is expected to lead to high adoption by medical practitioners and researchers.
Global Precision Farming Market 2017 : Cropmetrics, Agjunction, Trimble, Precisi …
A market study based on the "Precision Farming Market" across the globe, recently added to the repository of Market Research, is titled ‘Global Precision Farming Market 2017’. The research report analyses the historical as well as present performance of the worldwide Precision Farming industry, and makes predictions on the future status of Precision Farming market on the basis of this analysis. Get Free Sample Copy of Report Here : http://bit.ly/2q8CiX3 Top Manufacturers
Precision Glass & Optics Provides Precision Cutting/Scribing on Thin Flat Glass
Precision Glass & Optics (PG&O® - pgo.com), global experts in optical manufacturing, glass fabrication, and precision thin film coatings, offers precision glass cutting and scribing on thin flat substrates up to 24” x 24” (600 mm x 600 mm). Utilizing equipment from TLC International (Phoenix, AZ – www.tlcinternational.com), manufacturers of high-accuracy mechanical glass cutting/scribing equipment, PG&O uses the Gen-3 TLC Phoenix-600® machines to provide highly technical, precision cuts on glass