Press release
Personalized Medicine Market to reach USD 848.01 Bn by 2029, emerging at a CAGR of 6.21 percent and forecast 2023-2029
Personalized Medicine Market
This comprehensive report delves into the evolving landscape of personalized medicine, also known as precision medicine. It explores the market dynamics, research methodology, key drivers, restraints, and regional insights that shape the personalized medicine market.
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Personalized Medicine Market Research Methodology:
The research methodology employed for this report involves an in-depth analysis of various factors influencing the personalized medicine market, including data from the Human Genome Project. Extensive market research and data collection techniques have been used to provide accurate insights into the industry.
What are Personalized Medicine Market Dynamics:
The dominant factor driving market growth is the increasing incidence of various cancers on a global scale.
The rise in cancer prevalence and the growing demand for personalized cancer therapeutics are significant drivers of market expansion.
Advancements in technology, particularly the availability of large-scale human genome databases and Next Generation Sequencing (NGS), are positively impacting market growth.
Advanced computational tools and innovative genetic technologies have enabled the identification of causes behind cancer, further boosting market prospects.
Recent developments in pharmacogenomics are set to create a conducive environment for the development of patient-specific drugs across various therapeutic applications, such as cardio-renal, neurology, antiviral, pulmonary, and psychiatry.
Personalized Medicine Market Regional Insights:
North America: In 2022, North America held a prominent market share. This dominance is attributed to substantial investments in the healthcare industry and government initiatives favoring precision medicine. The region's increased prevalence of cancer and demand for precision medicine solutions have further propelled its market position.
Europe: Following North America, Europe is expected to be a key player in the personalized medicine market. The region benefits from a growing awareness of personalized medicine and investments in novel disease management solutions.
Asia-Pacific (APAC): APAC is poised for significant growth during the forecast period. Factors such as lower clinical trial costs for precision medicines, increasing disposable income levels, and the burgeoning economies of emerging countries are expected to drive market expansion in the region.
This report offers a comprehensive understanding of the dynamics shaping the global personalized medicine market. It provides insights into market segments, competitive analysis of key players, product portfolios, growth strategies, and regional influences. Investors and industry stakeholders will find this report invaluable for making informed decisions in the personalized medicine sector.
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What is Personalized Medicine Market Segmentation:
by Product
Personalized Medical Care
Therapeutics
Personalized Nutrition & Wellness
by Application
Oncology
Immunology
CNS
Respiratory
by Technology
Big Data Analytics
Bioinformatics
Gene Sequencing
Drug Discovery
Companion Diagnostics
by End users
Pharmaceutical Companies
Diagnostic Companies
Healthcare IT companies
Due to the increasing e-commerce industry's use of non-cash payment methods globally, which is increasing the transaction application, in the market, the transaction sector is anticipated to have the bigger market size throughout the forecast period.
Online Analytical Processing (OLAP) and Online Transaction Processing (OLTP) are the two categories according to processing type. OLAP systems are anticipated to experience the fastest CAGR growth among them all during the projection period. OLAP systems are frequently used for corporate process management, sales management, forecasting, and corporate Intelligence (BI). Organisations' struggles with massive data are aided by in-memory OLAP solutions.
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Who are Personalized Medicine Market Key Players:
1. Abbott Laboratories
2. Merck & Co., Inc.
3. AstraZeneca
4. Pfizer, Inc.
5. GlaxoSmithKline plc.
6. Novartis AG
7. Amgen, Inc.
8. Bayer AG
9. Mylan N.V.
10. Eli Lilly and Company
11. Bristol Myers Squibb Co.
12. Daiichi Sankyo Company, Ltd.
13. Biogen, Inc.
14. Johnson & Johnson Services, Inc.
15. F. Hoffmann-La Roche Ltd.
16. Thermo Fisher Scientific, Inc.
17. Novo Nordisk A/S
18. Sanofi Genzyme.
Table of content for the Personalized Medicine Market includes:
Global Personalized Medicine Market: Research Methodology
Global Personalized Medicine Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Personalized Medicine Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
MandA by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
4.Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape (2022 to 2029)
Past Pricing and price curve by region (2022 to 2029)
Market Size, Share, Size and Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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