Pharmacogenomics Market is anticipated to grow at a CAGR of 6.2 % during the forecast period

Pharmacogenomics is defined as the tailoring of medical treatment in order to the specific characteristics of each patient. It is also known as personalized medicine. It is also widely used for cancer treatment in order to improve the survival of patients. It also examines how the genetic makeup of an individual affects human responses to drugs. On 2017, as per an article published by the Organization for Economic Co-operation and Development (France), biotech R&D in the business enterprise sector was 11.3%, and 9.4% for the United States. Growth in the prevalence of chronic diseases for instance, cancer, tuberculosis, HIV, and others are some of the major drivers which are propelling the growth of the market. The global Pharmacogenomics market is anticipated to grow at a CAGR of 6.2 % during the forecast period.

Advance Market Analytics released the research report of Global Pharmacogenomics Market, offers a detailed overview of the factors influencing the global business scope. Pharmacogenomics Market research report shows the latest market insights with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Pharmacogenomics. This Report covers the emerging player's data, including: competitive situation, sales, revenue and global market share of top manufacturers are Abbott Laboratories, Inc. (United States), Affymetrix, Inc. (United States), AstraZeneca plc (United Kingdom), Assurex Health (United States), Bayer AG (Germany), GeneDX (United States), F. Hoffmann-La Roche Ltd. (Switzerland), Illumina, Inc., (United States), Myriad Genetics, Inc., (United States) and Merck & Co, (United States).

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On August 2017, the Albuquerque based company had received USD 1.5 Million from the states USD 40 Million catalyst fund. This will, in turn, propel the growth of the Pharmacogenomics market in futures, On March 2016, the OneOme, LLC (United States) Company, which is a Pharmacogenomics company, announced today the hiring of Dr. Justin Odegaard, M.D., Ph.D., and Ross Higgins in order to manage and lead their Pharmacogenomics testing laboratory, and On November 2018, the American Society of Health-System Pharmacists (United States) Company had launched a professional certificate for Pharmacogenomics. This would help in enhancing the customer base of the company.

On March 2018, Food and Drug Administration (United States) reviewers evaluate the effect of genetic factors on drug safety, efficacy, or dose. In addition, it also provides advice to drug developers on how to use genomic biomarkers.

Market Trend
o The Expansion and Advancement of the Pharmacogenomics

Market Drivers
o Increase in Elderly Population Worldwide
o Surge in adoption of Pharmacogenomics procedure by the Healthcare Professionals
o Growing Awareness of the Patient Population towards Personalized Therapy

Opportunities
o Rising Demand from Emerging Economics such as India, China and others
o Surge in Disposable Income of the Global Population

Restraints
o Dearth of skilled labor worldwide
o Highly Trained Healthcare Professionals in Performing the Pharmacogenomics Diagnostics Test

Challenges
o High Cost Associated with Tests
o Lack of Funding For the Research & Development of Different Pharmacogenomics Pathways

The Global Pharmacogenomics Market segments and Market Data Break Down are illuminated below:
by Technology (Sequencing, Polymerase Chain Reaction, Gel Electrophoresis, Mass Spectrometry, Microarray, Others), End User (Hospitals & Clinics, Research Institutions, Academic Institutes, Others), Application Names (Cardiovascular Diseases, Infectious Diseases, Oncology, Neurological Diseases, Psychiatry, Pain Management, Others)

Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

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Strategic Points Covered in Table of Content of Global Pharmacogenomics Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Pharmacogenomics market
Chapter 2: Exclusive Summary - the basic information of the Pharmacogenomics Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges of the Pharmacogenomics
Chapter 4: Presenting the Pharmacogenomics Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region 2013-2018
Chapter 6: Evaluating the leading manufacturers of the Pharmacogenomics market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions.
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

Finally, Pharmacogenomics Market is a valuable source of guidance for individuals and companies.

Data Sources & Methodology

The primary sources involves the industry experts from the Global Pharmacogenomics Market including the management organizations, processing organizations, analytics service providers of the industry's value chain. All primary sources were interviewed to gather and authenticate qualitative & quantitative information and determine the future prospects.

In the extensive primary research process undertaken for this study, the primary sources - Postal Surveys, telephone, Online & Face-to-Face Survey were considered to obtain and verify both qualitative and quantitative aspects of this research study. When it comes to secondary sources Company's Annual reports, press Releases, Websites, Investor Presentation, Conference Call transcripts, Webinar, Journals, Regulators, National Customs and Industry Associations were given primary weight-age.

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