Absolute Markets Insights has recently announced the addition of new statistical data titled as, Precision Medicine Market to its intensifying repository, which helps to make informative decisions in the businesses. It highlights the existing scenario of recent businesses along with historical records to get crucial information. This research report has been aggregated on the basis of static and dynamic aspects of the businesses. Primary and secondary research methodologies have been used to analyze the target data effectively.
Additionally, it also uses some significant techniques such as SWOT and Porter’s Five analysis to examine the data effectively. To take a strong business outlook in different global regions such as North America, Latin America, Europe, Asia-Pacific, and India have been examined on the basis of profit margin and investments.
Leading key players such as Novartis, Qiagen, Biocrates Life Sciences, Pfizer, Eagle Genomics, Tepnel Pharma Services, Intomics, NanoString Technologies, Quest Diagnostics, Menarini Silicon Biosystems, Teva Pharmaceutical and Roche have been mentioned along with the feedback from various industry experts to improve the performance of existing businesses. Some internal and external factors have been included, which are responsible for driving or restraining the market.
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Global Precision Medicine Market was estimated to grow at a rate of +20.9% during the forecast period (2021-2030) due to increasing focus of healthcare sector on delivering customized personal care
On the basis of application, the oncology segment is expected to dominate the market due to increasing incidences of cancer in the developed economies. The growth of the segment is also supported by the rising government expenditures and pharmaceuticals investment in developing new treatment.
On the basis of geography, North America led the market, with U.S. spearheading the region’s growth. The regional development will be driven by a favorable policy scenario coupled with increased support for precision medicine research. The presence of well-established players and increasing healthcare spending for effective patient health management will drive growth in the industry.
Segmentation of Precision Medicine Market
By Technology
- Big Data Analytics
- Bioinformatics
- Gene Sequencing
- Drug Discovery
- Companion Diagnostics
By Application
- Oncology
- Immunology
- CNS
- Respiratory
By End User
- Pharmaceutical Companies
- Diagnostic Companies
- Healthcare IT Companies
By Region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
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