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Next-gen Precision Medicine Market| Global Top Companies: F. Hoffmann-La Roche AG, Illumina, Inc, Thermo Fisher Scientific Inc, QIAGEN, Quest Diagnostics, Laboratory Corporation of America Holdings, Novartis AG | Forecast to 2028

06-26-2019 01:50 PM CET | Health & Medicine

Press release from: persistencemarketresearch.com

Next-gen Precision Medicine Market

Next-gen Precision Medicine Market

The Next-gen precision medicine include the use of next generation sequencing technology, drug discovery technologies and bioinformatics. Advancements in applications of Big Data technologies in medicine such as accurate detection of disease is expected to drive the growth of the next-gen precision medicine market.

The growing adoption of Big data for chronic disease management is expected to strongly support the growth of the next-gen precision medicine market. There is also an increasing involvement of industry players in adoption of the big data for the next-gen precision medicine. For instance, GE Healthcare collaborated with Roche Holdings to develop an integrated platform for critical care treatment in oncology. The platform is designed develop next-gen precision medicine for both chronic diseases and genetic diseases. These advancements in the next-gen precision medicine market is expected to speed up the patient recovery.

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Genes are a big part of next-gen precision medicine. Developments in the gene therapy front is also expected to support the growth of the next-gen precision medicine market. Developments such as advancements in the human genome project and in cell-biology has potential application in the gene therapy technologies. Other factors such as increased disease burden of metabolic diseases such as diabetes and hyperthyroidism is expected to boost the growth of the next-gen precision medicine market.

Next-gen precision medicine is expected to perfect medicine for individuals including specialized diet, personalized test panels and real-time tracking of parameters such as blood glucose and blood pressure in the future. However, currently next-gen precision medicine is limited to only a few diseases and treatments. Some of the applications that next-gen precision medicine offers include oncology, immunology, neurology, cardiology, infectious diseases and others. The oncology segment is expected to be one of the largest applications for the next-gen precision medicine. Growing incidence of different types of cancer is the major driving factor for the growth of the oncology segment in the next-gen precision medicine market.

Based on the technology, Next-gen precision medicine market is segmented into following:
• Next Generation Sequencing
• Drug Discovery Technologies
• Bioinformatics

Based on the application, Next-gen precision medicine market is segment as below:
• Oncology
• Immunology
• Neurology
• Cardiology
• Infectious Diseases
• Others

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On the basis of geography, global Next-gen precision medicine market is segmented into six major regions that include North America, Latin America, Europe, Asia-Pacific excluding China, China and Middle East & Africa. North America is expected to be the most lucrative Next-gen precision medicine market owing to increased awareness for cancer diagnosis and treatment. A number of service providers offer Next-gen precision medicine in North America that further drives the Next-gen precision medicine market growth in the region. Cancer Medical Tourism is responsible for growth of the Next-gen precision medicine market in regions such as India and Malaysia that drive the growth of the Next-gen precision medicine market in the Asia pacific region.

Key participants operating in the Next-gen precision medicine market are: F. Hoffmann-La Roche AG, Illumina, Inc, Thermo Fisher Scientific Inc, QIAGEN, Quest Diagnostics, Laboratory Corporation of America Holdings, Novartis AG, AstraZeneca, Bristol-Myers Squibb, Eli Lilly And Company and others.

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The report covers exhaustive analysis on:
• Next-gen precision medicine Market Segments
• Next-gen precision medicine Market Dynamics
• Historical Actual Market Size, 2013 - 2017
• Next-gen precision medicine Market Size & Forecast 2018 to 2026
• Next-gen precision medicine market Current Trends/Issues/Challenges
• Competition & Companies involved
• Next-gen precision medicine Market Drivers and Restraints

Regional analysis includes
• North America
• Latin America
• Europe
• Asia Pacific Excluding China
• China
• Middle East & Africa

Report Highlights:
• Shifting Industry dynamics
• In-depth market segmentation
• Historical, current and projected industry size recent industry trends
• Key Competition landscape
• Strategies for key players and product offerings
• Potential and niche segments/regions exhibiting promising growth
• A neutral perspective towards market performance

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About us:
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

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