Press release
Pharmacogenomics Market and Its Impact on Drug Development By 2031 | Most Leading Companies - Abbott Laboratories, Agilent Technologies Inc, Becton, Dickinson and Company, BioMerieux
Global Pharmacogenomics market reached at a CAGR during the forecast period 2024-2031.Pharmacogenomics Market, as detailed in the DataM Intelligence report, presents a strategic overview of the industry backed by in-depth data and market trends. The study highlights the performance and positioning of major players, focusing on their offerings, pricing models, financial outcomes, and growth strategies. It serves as a concise yet insightful reference for understanding the current landscape and future direction of the market.
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Market Overview:
Pharmacogenomics is the study of how an individual's genetic makeup influences their response to drugs. By understanding genetic variations, pharmacogenomics aims to optimize drug efficacy and minimize adverse effects, paving the way for personalized medicine. This field helps tailor drug therapies to each patient's unique genetic profile, improving treatment outcomes and reducing the risk of side effects.
List of the Key Players in the Pharmacogenomics Market:
Abbott Laboratories, Agilent Technologies Inc, Becton, Dickinson and Company, BioMerieux, Bio-Rad Laboratories Inc, Illumine, Eurofins Scientific, Pacific Biosciences of California Inc, Qiagen and Thermo Fisher Scientific Inc among others.
Pharmacogenomics Market Development:
On July 25, 2023, Illumina Inc. partnered with Pillar Biosciences Inc. to integrate Pillar's oncology assays into Illumina's portfolio. This collaboration aims to expand sequencing options, making cancer testing more efficient, accurate, and affordable, thereby improving access to personalized cancer treatments.
On May 9, 2023, Pfizer teamed up with Thermo Fisher Scientific to enhance the availability of personalized next-generation sequencing (NGS) testing for cancer patients in international markets. The partnership focuses on increasing access to advanced genetic testing for breast and lung cancer in over 30 countries where affordable and advanced testing options are currently limited or unavailable.
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Segment Covered in the Pharmacogenomics Market:
By Type: Genotyping Kits, Sequencing Instruments, PCR Reagents and Consumables, Sample Preparation Kits, Others, Services, Genetic Testing Services, Pharmacogenomic Consulting, Others, Software, Bioinformatics Software, Clinical Decision Support System, Laboratory Information Management System, EHR Integration Software, Others
By Technology: DNA Sequencing, Microarray, Polymerase Chain Reaction, Electrophoresis, Mass Spectrometry, Other Technologies
By Application: Drug Discovery, Neurology, Oncology, Pain Management, Other Applications
By End User: Hospital , Specialty Clinics, Academic and Research Institutes, Pharmaceuticals
Regional Analysis for Pharmacogenomics Market:
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Frequently asked questions:
➠ What are the global sales, production, consumption, import, and export figures for the Pharmacogenomics market?
➠ Who are the key global manufacturers, and how are they performing operationally?
➠ What opportunities and risks do vendors face in the Pharmacogenomics market?
➠ Which product types or end-users show the most growth potential, and what are their market shares?
➠ What factors are driving or limiting growth in the Pharmacogenomics market?
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DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
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