Press release
Global Precision Medicine Market accounted to USD 40.1 billion by 2016 growing at a CAGR of 10.5% till 2024 A new report by Data Bridge Market Research
Global Precision Medicine Market ? Industry Trends and Forecast to 2024
This report consists of below pages:
No of pages :
350
No of Figures:
60
No of Tables:
220
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Precision Medicine Market accounted to USD 40.1 billion in 2016 growing at a CAGR of 10.5% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Market Definition:
Precision medicine is an emerging technique for treating diseases and prevention according to individual’s variability of genes, environment and lifestyle of the patient. The approach allows the doctors and researchers to predict, treat and take preventive strategies for a particular disease.
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Competitive Analysis:
The precision medicine market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of mass spectrometry market for global, Europe, North America, Asia Pacific and South America.
Major Market Drivers And Restraints:
• Increasing online collaborative forums
• R&D investments for characterizing genes
• Increased incidences of cancer
• Hazard of data sharing
• Lack of knowledge and skilled professionals
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Market Segmentation:
By technology the market for precision medicine is segmented into big data analytics, bioinformatics, gene sequencing, drug discovery, companion diagnostics, and others.
By application the precision medicine market is segmented into oncology, hematology, infectious diseases, cardiology, neurology, endocrinology, pulmonary diseases, ophthalmology, metabolic diseases, pharmagenomics, and others.
On the basis of end-users the precision medicine market is segmented into pharmaceuticals, biotechnology, diagnostic companies, laboratories, and healthcare it specialist.
On the basis of geography, precision medicine market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
Major Market Competitors:
Some of the major players operating in precision medicine market are
• Orion Health,
• Ariel Precision Medicine, Inc.,
• Metabolon, Inc.,
• Pfizer, Inc.,
• Biocrates Life Sciences,
• Medtronic,
• Novartis AS,
• Quest Diagnostics Incorporated,
• F.Hoffmann-La Roche Ltd.,
• Teva Pharmaceutical Industries Ltd.,
• Menarini Silicon Biosystems,
• Lantern Pharma,
• Nanostring Technologies, Inc.,
• Hologic, Inc.
• Intomics A/S,
• among others
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