New Study on Precision Medicine Market: Predicting the role in Future Healthcare Challenges

Precision medicine is used to characterizing the diseases and detailed study on patient specific information to diagnose. The concept based on rapidly growing in the medical community through expansions in advanced technologies including molecular biomarker analysis, next generation sequencing, bioinformatics and big data analytics.

Precision medicine helps to make possible the diagnosis and treatment of various diseases by relying on genomics and specific biomarker techniques. The approach allows researchers and doctors to predict more accurately the treatment and prevention strategies for a particular disease.

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Major Key Players Influencing in this Study:

F. Hoffmann-La Roche Ltd, Illumina, Inc., Quest Diagnostics Incorporated., Novartis AG, Bristol-Myers Squibb Company, Eli Lilly and Company, QIAGEN, Teva Pharmaceutical Industries Ltd., Pfizer Inc., and IBM among others.

Key Elements that the report acknowledges:

- Market size and growth rate during forecast period.

- Key factors driving the “PRECISION MEDICINE” market.

- Key market trends cracking up the growth of the “PRECISION MEDICINE” market.

- Challenges to market growth.

- Key vendors of “PRECISION MEDICINE” market.

- Detailed SWOT analysis.

- Opportunities and threats faces by the existing vendors in Global “PRECISION MEDICINE” market.

- Trending factors influencing the market in the geographical regions.

- Strategic initiatives focusing the leading vendors.

- PEST analysis of the market in the five major regions.

The precision medicine market is anticipated to grow with a significant rate in the coming years, owing to factors such as, growing prevalence of cancer, rising adoption of gene therapy to reduce cost burden for such diseases will favors industry expansion. On other hand, the availability of large-scale human genome databases coupled with computational tools are anticipated to provide more growth opportunities for precision medicine market in the forecast period.

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The global precision medicine market is segmented on the basis of technology, and application. The precision medicine market is segmented into drug discovery, companion diagnostics, sequencing, bio-informatics and big data analytics. Based on application, the precision medicine market is classified as, oncology, respiratory, CNS, infectious disease, immunology, cardiology and others.

The report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the market in these regions.

North America is leading the precision medicine market owing to increasing investment in the field of precision medicine in US, increasing adoption to leading edge technologies coupled with a favorable legal environment created through grants and initiatives by the government are the factors that help to drive the market in the region.

However, the Asia-Pacific region is expected to witness significant growth due to rising adoption of gene sequencing and big data analytics, increasing government initiatives and investment in R&D for novel biomarkers used to treat cancer and rapidly growing healthcare expenditure in emerging economies will augment industry size in the region.

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REASON TO BUY

- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Global Precision Medicine Market.

- Highlights key business priorities in order to assist companies to realign their business strategies.

- The key findings and recommendations highlight crucial progressive industry trends in the Precision Medicine, thereby allowing players to develop effective long term strategies.

- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.

- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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This release was published on openPR.