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Precision Medicine Software Market Overview by Oncology and Pharmacogenomics Rear Excessive Growth Estimated by Key Top Players Like PierianDx, Inc. (US), N-of-One, Inc. (US), Human Longevity, Inc. (US), Translational Software, Inc. (US), Sunquest Informa
Precision Medicine Software Market
Precision medicine software market study by healthcare providers for screening prenatal aneuploidy, evaluating rare disorders, diagnosing infectious diseases, and identifying therapeutic targets in neoplasms. The precision medicine software market is segmented into on-premise and cloud-based delivery model. In 2018, the on-premise delivery mode segment accounted for the largest share of the precision medicine software market. The large share of this segment is primarily due to the wide range of advantages associated with the use of on-premise delivery models.
Precision medicine software market is projected to reach US$ 2.0 billion by 2024 from US$ 1.2 billion in 2019, at a CAGR of 11.5%. Factors such as rising government funding in precision medicine initiatives, partnerships among pharmaceutical and software companies, entry of new players &VC funding, and growth in the number of cancer patients are driving the growth of the precision medicine software market.
Report studies the precision medicine software market based on delivery mode, end user, application, and region. The report also studies factors (such as drivers, restraints, opportunities, and challenges) affecting market growth. It analyzes the opportunities and challenges in the market and provides details of the competitive landscape for market leaders. These models allow end users to use solutions from multiple vendors and allow buyers to decide when to implement a software upgrade.
More Information on Precision Medicine Software Market Research Now at https://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=2021060 .
Healthcare providers segment accounted for the largest market share in 2018. Large share of this segment can be attributed to the growing availability of precision medicine software and a rising emphasis on providing personalized medicine in hospitals. Factors like rising government funding in precision medicine initiatives, partnerships among pharmaceutical & software companies, entry of new players & VC funding, & growth in number of cancer patients are driving growth of precision medicine software market.
Precision medicine software market report focuses on various levels of analysis - industry trends, the market share of top players, and company profiles, which together form basic views and analyze the competitive landscape, emerging segments of the precision medicine software market, and high-growth regions and their drivers, restraints, challenges, and opportunities.
The major players in the market include Syapse, Inc. (US), 2bPrecise LLC (Israel), Foundation Medicine, Inc. (US), Fabric Genomics (US), SOPHiA GENETICS SA (Switzerland), PierianDx, Inc. (US), N-of-One, Inc. (US), Human Longevity, Inc. (US), Translational Software, Inc. (US), Sunquest Information Systems Inc. (US), Gene42, Inc. (Canada), LifeOmic Health, LLC (US), NantHealth, Inc. (US), Tempus Labs, Inc. (US), Flatiron Health, Inc. (US), IBM Watson Group (US), and Koninklijke Philips N.V. (Netherlands).
Get 15% Discount on Precision Medicine Software Market by Delivery Mode (On-Premise & Cloud-Based), End User (Healthcare Providers, Research Centers & Government Institutes, Pharmaceutical & Biotechnology Companies), Application, and Region - Global Forecast to 2024” at https://www.reportsnreports.com/contacts/discount.aspx?name=2021060 .
The precision medicine software market is segmented into oncology, pharmacogenomics, rare diseases, and other applications. The oncology segment accounted for the largest market share in 2018. The large share of this segment can be attributed to the growing prevalence of cancer, rising funding in cancer research, promising applications of precision medicine in oncology research, and increased investments by government organizations in precision medicine software.
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Geographically, the precision medicine software market is segmented into North America, Europe, Asia, and the Rest of the World. The North American market is expected to grow at the highest rate during the forecast period. Growth in this region can be attributed to growing investments and favorable initiatives for the implementation of precision medicine software. Several major global players are based in the US, owing to which the US has become a center for innovation in the precision medicine software market.
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