openPR Logo
Press release

Precision Medicine Market Rising Trends, Key Leading Players, Trends Analysis, Industry Share And Forecast To 2033

12-09-2024 09:01 AM CET | Health & Medicine

Press release from: The Business Research Company

Precision Medicine Market Rising Trends

Precision Medicine Market Rising Trends

"The Business Research Company recently released a comprehensive report on the Global Precision Medicine Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=5301&type=smp

According to The Business Research Company's, The precision medicine market size has grown rapidly in recent years. It will grow from $73.11 billion in 2023 to $81.06 billion in 2024 at a compound annual growth rate (CAGR) of 10.9%. The growth in the historic period can be attributed to increase in cancer prevalence, increasing prevalence of mental health disorders, increased prevalence of respiratory diseases, increasing funding, increased geriatric population, increase in pharmaceutical r&d expenditure and increased healthcare expenditure.

The precision medicine market size is expected to see strong growth in the next few years. It will grow to $118.08 billion in 2028 at a compound annual growth rate (CAGR) of 9.9%. The growth in the forecast period can be attributed to the increasing geriatric population, increasing prevalence of cancer, high potential of emerging economies, emergence of novel pathogenic infestations, increasing research and development spending and rise in healthcare expenditure. Major trends in the forecast period include adopting artificial intelligence technologies for improving competitiveness, offering diagnosis and personalized treatment for immune-mediated diseases, investing in increased research and development activities and forming collaborations and partnerships with technology and healthcare entities to improve their product portfolios.

Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/precision-medicine-global-market-report

Market Drivers and Trends:

The rising prevalence of cancer is projected to fuel the growth of the precision medicine market. Cancer is one of the main causes of death worldwide, with one out of every five individuals developing cancer at some point in their lives. Precision medicine in cancer entails analyzing DNA from tumors to find mutations or other genetic abnormalities that cause cancer. Physicians may therefore be able to choose a treatment for a specific patient's cancer that best fits, or targets, the tumor DNA alterations. For instance, in April 2022, according to a report on cancer facts and figures by the American Cancer Society, a US-based nonprofit health organization devoted to the eradication of cancer, there were 1.92 million new cases of cancer in the US, compared to 1.89 cases in 2021. Therefore, the rising prevalence of cancer drives the growth of the precision medicine market.

The rising number of partnerships and acquisitions among precision medicine companies is enabling them to expand their approaches to both oncology and non-oncology areas. Precision medicine is undergoing continuous research and development in new areas, collaboration and partnership helps the firms to enhance their capabilities and approaches. For example, in August 2021, Foundation Medicine Inc. announced a partnership with Epic to integrate their comprehensive genomic profiling and other testing devices with the electronic medical record of Epic. The integration aims at simplifying the process of getting oncologists access to genomic insights and expanding the use of precision medicine to more cancer patients.

Key Benefits for Stakeholders:

• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.

Major Key Players of the Market:

F. Hoffmann-La Roche Ltd, Siemens Healthineers AG, Bio-Rad Laboratories Inc, Menarini Group, Danaher Corporation, Tosoh Bioscience Inc, ARKRAY Inc, i-SENS, Inc, Abbott Laboratories, Trinity Biotech plc, Aina Blood Monitoring Sysyem, Getein Biotech Inc, Sugentech, Inc, Alere Inc, bioMerieux, EKF Diagnostics, HemoCue, PTS Diagnostics, Diazyme Laboratories, Osang Healthcare, Ortho Clinical Diagnostics, Ascensia, Platinum Equity (LifeScan), Becton Dickinson and Company, Medtronic PLC, Kainico Ltd, Evia Medical Technologies, Agamatrix Inc, Bionime Corporation, B Braun Melsungen AG.

Precision Medicine Market 2024 Key Insights:

• The precision medicine market size is expected to see strong growth in the next few years. It will grow to $118.08 billion in 2028 at a compound annual growth rate (CAGR) of 9.9%.
• Rising Cancer Prevalence Propels Growth In The Precision Medicine Market
• Strategic Collaborations And Acquisitions Propel Growth In Precision Medicine Market
• North America was the largest region in the precision medicine market in 2023

We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=5301&type=smp

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Learn More About The Business Research Company

The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Precision Medicine Market Rising Trends, Key Leading Players, Trends Analysis, Industry Share And Forecast To 2033 here

News-ID: 3778092 • Views:

More Releases from The Business Research Company

NGS-Based RNA-Sequencing Market Growth Accelerates: Strategic Forecast Predicts $10.26 Billion by 2029
NGS-Based RNA-Sequencing Market Growth Accelerates: Strategic Forecast Predicts …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. What Will the NGS-Based RNA-Sequencing Industry Market Size Be by 2025? The market size for ngs-based rna-sequencing has witnessed a dramatic increase in the past few years. It is projected to escalate from $3.41 billion in 2024 to $4.2 billion in 2025, growing at a Compound Annual Growth Rate
Escalation Of Respiratory Ailments To Fuel Medical Tubing Market : Strategic Insights Driving Medical Tubing Market Momentum in 2025
Escalation Of Respiratory Ailments To Fuel Medical Tubing Market : Strategic Ins …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. How Large Will the Medical Tubing Market Size By 2025? In recent years, there has been significant growth in the medical tubing market size. The market, which was valued at $12.92 billion in 2024, is predicted to increase to $14.12 billion in 2025, indicating a compound annual growth rate
Future of the Medical Device Contract Manufacturing Market: Trends, Innovations, and Key Forecasts Through 2034
Future of the Medical Device Contract Manufacturing Market: Trends, Innovations, …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. Medical Device Contract Manufacturing Market Size Growth Forecast: What to Expect by 2025? The market size for medical device contract manufacturing has seen quick expansion in the last few years. The growth is expected to increase from $101.04 billion in 2024 to $114.66 billion in 2025, marking a compound
Joint Pain Injections Market Insights 2025-2034: Growth Forecast and Strategic Priorities
Joint Pain Injections Market Insights 2025-2034: Growth Forecast and Strategic P …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. Joint Pain Injections Market Size Valuation Forecast: What Will the Market Be Worth by 2025? In recent times, the market for joint pain injections has experienced significant growth. The market, which was valued at $5.6 billion in 2024, is projected to increase to $6.12 billion in 2025, demonstrating a

All 5 Releases


More Releases for Precision

Precision Harvesting Market Report 2024 - Precision Harvesting Market Trends And …
"The Business Research Company recently released a comprehensive report on the Global Precision Harvesting Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry. Ready to Dive into Something Exciting? Get Your Free Exclusive Sample
Electronic Precision Repair Service Market Growth Drivers, and Competitive Lands …
The Electronic Precision Repair Service Market Trends Overview 2024-2031: A new Report by Worldwide Market Reports, titled "Electronic Precision Repair Service Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2031," offers a comprehensive analysis of the industry, which comprises insights on the Electronic Precision Repair Service market analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market. This report has a complete table of contents, figures,
Precision Straightening Service Market by Forecast to 2030 With Covered Top Comp …
Worldwide Market Reports is pleased to announce the release of its latest research report titled "Precision Straightening Service Market - Forecast to 2030." This comprehensive report offers a holistic view of the Precision Straightening Service market, providing systematic segmentation and covering every aspect of the target market. With over-market data tables, pie charts, graphs, and figures spread across easy-to-understand pages, the report offers detailed analysis. The information presented in the
Precision Diagnostics Market - Diagnostic Excellence, Delivered with Precision
Newark, New Castle, USA: The "Precision Diagnostics Market" provides a value chain analysis of revenue for the anticipated period from 2023 to 2031. The report will include a full and comprehensive analysis of the business operations of all market leaders in this industry, as well as their in-depth market research, historical market development, and information about their market competitors. Precision Diagnostics Market: https://www.growthplusreports.com/report/precision-diagnostics-market/8518 This latest report researches the industry structure, sales, revenue,
Precision Air Conditioner
Precision air conditioner is used to control the temperature and humidity to accurately maintain the microclimate parameters in environments such as data centers, hospitals and laboratories. Unlike home or domestic air conditioners, which are designed to cool humans, precision air conditioners in most cases are used for cooling IT equipment. https://www.nigeriacontractor.com/buy-precision-air-conditioner-in-nigeria/ Official website of Akpo Oyegwa Refrigeration Company: https://www.nigeriacontractor.com/ 7th Floor Mulliner Towers, 39 Alfred Rewane Road, Ikoyi Lagos, Nigeria. Direct Expansion Precision Air Conditioner from 6 to
Agriculture IoT Market by Precision Farming, Precision Forestry and Smart Greenh …
Hardware to hold the largest share of agriculture IoT market during the forecast period Hardware is expected to account for the largest share of the agriculture IoT market during the forecast period. The increasing adoption of new technologies and advanced devices for smart agriculture is expected to drive the growth of the agriculture IoT market for hardware during the forecast period. Precision farming involves hardware devices and tools to minimize input