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2022 Global Precision Medicine Market Size, Share, Trends, COVID-19 Impact And Growth Analysis Report | Qiagen, Novartis AG, Medtronic, AstraZeneca plc., Quest Diagnostics, Thermo Fisher Scientific Inc., Pfizer
Precision Medicine Market
The regions covered in the precision medicine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest precision medicine share.
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The precision medicine market consists of sales of precision medicines and related services by entities (organizations, sole traders, and partnerships) that are used to treat diseases by relying on genomics and specific biomarker techniques. It allows doctors or physicians to select a treatment plan or drug therapy based on the patient's genetic understanding of their disease, environment, and lifestyle. The precision medicine technologies also assist researchers and doctors in developing accurate treatment and prevention strategies for a particular disease that will work on a specific group of people.
Key competitors in the precision medicine market are Qiagen, Novartis AG, Medtronic, AstraZeneca plc., Quest Diagnostics, Thermo Fisher Scientific Inc., Pfizer, Bristol-Myers Squibb, Merck & Co. Inc. and Tepnel Pharma Services.
The global precision medicine market size is expected to grow from $72.58 billion in 2021 to $83.16 billion in 2022 at a compound annual growth rate (CAGR) of 14.6%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The precision medicine market is expected to reach $134.82 billion in 2026 at a CAGR of 12.8%.
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TBRC's report segments the global precision medicine market:
1) By Technology: Big Data Analytics, Bioinformatics, Gene Sequencing, Drug Discovery, Companion Diagnostics, Others
2) By Application: Oncology, Respiratory Diseases, Central Nervous System Disorders, Immunology, Genetic Diseases, Others
3) By End-User: Hospitals and Clinics, Pharmaceuticals, Diagnostic Companies, Healthcare and IT Firms, Others
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The Table of Contents includes:
1. Executive Summary
2. Precision Medicine Market Characteristics
3. Precision Medicine Market Trends And Strategies
4. Impact Of COVID-19 On Precision Medicine
5. Precision Medicine Market Size And Growth
.....
27. Precision Medicine Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Precision Medicine Market
29. Precision Medicine Market Future Outlook and Potential Analysis
30. Appendix
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