Press release
Precision Medicine Market Size, Trends, Growth, Analysis by Technology, Application, Region and Forecast To 2027
According to IMARC Group's latest report, titled "๐๐ซ๐๐๐ข๐ฌ๐ข๐จ๐ง ๐๐๐๐ข๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ: ๐๐ฅ๐จ๐๐๐ฅ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ซ๐๐ง๐๐ฌ, ๐๐ก๐๐ซ๐, ๐๐ข๐ณ๐, ๐๐ซ๐จ๐ฐ๐ญ๐ก, ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ ๐๐ง๐ ๐ ๐จ๐ซ๐๐๐๐ฌ๐ญ ๐๐๐๐-๐๐๐๐", the global precision medicine market reached a value of US$ 61.0 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 112.8 Billion by 2027, exhibiting at a CAGR of 10.1% during 2022-2027.Precision medicine is an approach to healthcare that takes into account an individual's genetic makeup, lifestyle, and environment to develop personalized treatments that are tailored to their unique needs. It utilizes advanced technologies, such as genomics, proteomics, and other molecular techniques to analyze a patient's biological data and identify specific biomarkers that can help guide treatment decisions. By using precision medicine, healthcare professionals can improve patient outcomes and reduce healthcare costs by avoiding unnecessary treatments and minimizing trial-and-error approaches.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐จ๐ซ ๐ ๐ ๐ซ๐๐ ๐๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.imarcgroup.com/precision-medicine-market/requestsample
Note: We are in the process of updating our reports. If you want to receive the latest research data covering the period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.
๐๐ซ๐๐๐ข๐ฌ๐ข๐จ๐ง ๐๐๐๐ข๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ:
The increasing prevalence of chronic diseases, such as cancer, cardiovascular disease, and diabetes, represents a key factor driving the market growth. In line with this, the rising cost of healthcare is contributing to the growth of the market as personalized treatments have the potential to reduce the overall cost of care by improving outcomes and reducing unnecessary treatments. In addition to this, the market is also driven by the significant advancements in the field of genomics, proteomics, and other omics technologies. Other factors, including the growing demand for targeted therapies and extensive research and development (R&D) activities, along with favorable government initiatives and increasing healthcare budget allocation are creating a positive outlook for the precision medicine market further across the globe.
๐๐ฎ๐ฒ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ: https://www.imarcgroup.com/checkout?id=4567&method=1
Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐ ๐ฐ๐ข๐ญ๐ก ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
The competitive landscape of the industry has also been examined along with the profiles of the key players:
โข AstraZeneca plc
โข Bayer AG
โข BioMรฉrieux SA
โข Bristol-Myers Squibb Company
โข Eli Lilly and Company
โข Hoffmann-La Roche AG
โข Illumina Inc.
โข Laboratory Corporation of America Holdings
โข Merck KGaA, Novartis AG
โข Pfizer Inc.
โข Qiagen N.V.
โข Quest Diagnostics Incorporated
โข Thermo Fisher Scientific Inc.
๐๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง:
The report has categorized the market based on product, technology, application and end user.
Breakup by Product:
โข Consumables
โข Instruments
โข Services
Breakup by Technology:
โข Big Data Analytics
โข Bioinformatics
โข Gene Sequencing
โข Drug Discovery
โข Companion Diagnostics
โข Others
Breakup by Application:
โข Oncology
โข Central Nervous System (CNS)
โข Immunology
โข Respiratory Medicine
โข Infections
โข Others
Breakup by End User:
โข Hospitals and Clinics
โข Diagnostic Centers
โข Pharma and Biotech Companies
โข Healthcare IT Firms
โข Others
Breakup by Region:
โข North America (United States, Canada)
โข Europe (Germany, France, United Kingdom, Italy, Spain, Others)
โข Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
โข Latin America (Brazil, Mexico, Others)
โข Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐ฎ๐ฅ๐ฅ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ฐ๐ข๐ญ๐ก ๐๐๐ & ๐๐ข๐ฌ๐ญ ๐จ๐ ๐ ๐ข๐ ๐ฎ๐ซ๐๐ฌ: https://www.imarcgroup.com/precision-medicine-market
๐๐๐ฒ ๐ก๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ:
โข Market Performance (2016-2021)
โข Market Outlook (2022-2027)
โข Market Trends
โข Market Drivers and Success Factors
โข Impact of COVID-19
โข Value Chain Analysis
โข Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
๐๐๐ฅ๐๐ญ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐๐๐๐ ๐๐ซ๐จ๐ฎ๐ฉ:
Smart Pills Market: https://www.imarcgroup.com/smart-pills-market
Opioids Market: https://www.imarcgroup.com/opioids-market
Portable Medical Ventilators Market: https://www.imarcgroup.com/portable-medical-ventilators-market
Downstream Processing Market: https://www.imarcgroup.com/downstream-processing-market
Preclinical CRO Market: https://www.imarcgroup.com/preclinical-cro-market
Nucleic Acid Labelling Market: https://www.imarcgroup.com/nucleic-acid-labelling-market
Latin America Generic Drug Market: https://www.imarcgroup.com/latin-america-generic-drug-market
North Africa Generic Drug Market: https://www.imarcgroup.com/north-africa-generic-drug-market
West Africa Generic Drug Market: https://www.imarcgroup.com/west-africa-generic-drug-market
East Africa Generic Drug Market: https://www.imarcgroup.com/east-africa-generic-drug-market
Europe Generic Drug Market: https://www.imarcgroup.com/europe-generic-drug-market
Contact Us:
IMARC Group
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Brooklyn, NY 11249, USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas: - +1 631 791 1145 | Africa and Europe: - +44-702-409-7331 | Asia: +91-120-433-0800
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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