Global Personalized Medicine Market Growth, Analysis and Industry Forecast (2020-2029): Biocrates Life Sciences, Qiagen,

Personalized Medicine Market

The global personalized medicine market was valued at USD 596 billion in 2019 and is expected to grow at 11.7% CAGR during the forecast study period.

Personalized medicine istailoring of specific treatment according to the individual’sgenetic makeup, disease condition, diagnosis, body physics, patient history and other relevant factors. It is also known as precision medicine, P4 medicine or stratified medicine. Diagnostic analysis is often done in personalized medicine to determine optimal and appropriate therapies based on the genetic content of the patient, or other molecular or cellular research. Personalized medicine has the best response and the highest safety margin to ensure better patient care by enabling each patient to receive faster diagnosis, risk evaluation and appropriate treatment. Furthermore, personalized medicine provides opportunities to transform patient care by reducing the average cost of treatment.

Increasing demand for technologically sophisticated tools for storage and analysis of patient data and rapid integration. Artificial intelligence, machine learning, digital biomedical biomarkers and computational biology are predicted to offer lucrative opportunity to enable precise diagnosis and treatment. The development of bioinformatics solutions and software by healthcare IT domain will support the market growth. Moreover, increasing R&D for determining the most effective treatment based on preclinical studies and tumor molecular analysis will raise the acceptance of gene therapy that will positively influence the growth of the precision medicine industry.Advances in pharmacogenomics are paving the way for drug development in precision medicine. Pharmacogenomics assists in predicting a drug's effectiveness and helps to understand the variations in pharmacodynamics and pharmacokinetics with the help of genetic dataof individuals.

Widespread availability of sequencing techniques, especially Next Generation Sequencing (NGS), is expected to drive the market due to rising sequencing costs and the growth of Human Genome Project in the field of genomics. Widespread availability of sequencing techniques, especially Next Generation Sequencing (NGS), is expected to drive the market due to rising sequencing costs and the growth of Human Genome Project in the field of genomics. NGS technology provides data relating to the patient's genetic profile and response of drugs on patients, thereby facilitating the production of precision medicine for disease management. Also, a rising number of academic medical centres and healthcare organizations are opting to internalize their NGS testing program as it gives them better control over tissue, turnaround time, and offers more opportunity for interaction between physicians and those running the tests.

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The Major Prominent Players Covered in this Report:
Biocrates Life Sciences, Qiagen, Tepnel Pharma Services,Novartis, NanoString Technologies, Menarini Silicon Biosystems, Pfizer, Nestle Health Science, Eagle Genomics, Roche, Quest Diagnostics, Teva Pharmaceuticals, and Intomics

Global Personalized Medicine Market Segmentation,
Product, Personalized Nutrition & Wellness, Nutrition Care, Alternative medicines care, Medical Retail, Others,
Personalized Medical Care, Telemedicine & Remote Patient Monitoring, EMR, Other,
Personalized Diagnostic, Personalized Therapeutic,
Application, Disease Treatment, Oncology, Psychiatry, Infectious Diseases, Cardiology, Endocrinology, Neurology, Gastroenterology, Rheumatology, Others, Biomarker Identification, Clinical Research, Others,
End Use, Hospitals & clinics, Diagnostic laboratories and testing facilities, Others

NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post the COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth rate of Steerable Medical Devices in these regions, from 2019 to 2029, covering:
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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Key Personalized Medicine Market Trends:
- The report identifies, determines, and forecasts the Global Personalized Medicine Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Personalized Medicine Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Personalized Medicine Market.

Key Questions Answered in The Report:
What will the Personalized Medicine market growth rate?
What are the key factors driving the global Personalized Medicine market?
Who are the key manufacturers in the Personalized Medicine market space?
What are the market opportunities, market risk, and market overview of the Personalized Medicine market?
What are sales, revenue, and price analysis of top manufacturers of the Personalized Medicine market?
Who are the distributors, traders, and dealers of the Personalized Medicine market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Personalized Medicine Industry?
What are sales, revenue, and price analysis by regions of Personalized Medicine industry?
What are the driving factors contributing to market growth during the short, medium, and long term?

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