Precision Medicine Market Size, Share, Global Industry Outlook by Types, Applications, and End-User Analysis Industry Growth Forecast to 2022-2029


Posted July 27, 2023 by apurvamaximize

Precision Medicine Market is estimated to reach US$ 150.55 Bn by 2029, growing at a CAGR of 9.25% during the forecasted period and was valued to have US$ 81.04 Bn in 2022.
 
Precision Medicine Market Overview

Over the forecast period, Maximize Market Research expects the Precision Medicine Market growth from USD 81.04 Bn Bn. in 2022 to USD 150.55 Bn in 2029 at a CAGR of 9.25 percent. The report analyzed by Maximize Market Research, on the Precision Medicine market, covers an extensive regional analysis and competitive landscape.

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Precision Medicine Report Scope and Research Methodology

The report is a thorough analysis of the Precision Medicine market provided with key findings including Pricing, investments, expansion plans, and physical presence in the Precision Medicine market. The report provides information on the drivers, restraints, opportunities, and challenges of the Precision Medicine market. The financial standing, portfolio, technology adoption, merger and acquisition, joint ventures and strategic alliances are included in the competitive environment for the Precision Medicine market. The bottom-up approach was used to understand the Precision Medicine market size estimation and growth rates in the report.

Regional analysis of the Precision Medicine market conducted at a local, regional and global level. For a segment-wise analysis of the Precision Medicine market. The report also provides information on the emerging regions that are expected to be major markets for the Precision Medicine market.

The report includes primary and secondary collection methods with qualitative and quantitative approaches for the analysis of the Precision Medicine market. The primary collection method includes Surveys, questionnaires and telephonic interviews with market leaders and business owners. The secondary method includes financial reports, annual reports, press releases, white papers, etc. SWOT analysis is used to identify the threats and weaknesses of the market while PORTER is used to understand the competitive intensity of the industry in the Precision Medicine.


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Precision Medicine Regional Insights

The Precision Medicine market is broadly segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The Regional Analysis in the report helps to understand the Precision Medicine market in various countries. The report includes a thorough analysis of all the factors, market size, growth rate, and import and export in regions.

Precision Medicine Market Dynamics:

The world's precision medicine market is expanding primarily as a result of increased genome sequencing, new technologies like gene therapy, and investments by major players in precision medicine research and development (R&D). Additionally, rising cancer prevalence, chronic infections, and various adverse drug reactions (ADR) are fueling the market's expansion, and the use of nanomedicines can alter disease management for targeted drug delivery. Therefore, decreasing negative side effects, increasing government financing for precision medicine programmes, and collaborations between software and pharmaceutical businesses all contribute to the market's expansion.

Precision Medicine Market Segmentation:

The research provides a larger perspective at the macro and micro levels by briefly analysing various market categories for precision medicine. According to projections, the majority of funding for cancer treatments is likely to come from the rising incidence of cancer worldwide. Numerous studies and genetic tests are currently being conducted to develop precision medicine based on the needs of the patients. Based on the patient's age, sex, cancer kind, side effects, and other criteria, precision medicine provides a treatment. Finding cancer early is crucial for the doctor to determine the patient's best course of treatment.

Pharma & Biotech Companies are predicted to be the largest end-use segment and to be worth approximately USD 24.2 Bn in 2022. The expansion is hastened by the accessibility of cutting-edge methods like next-generation sequencing (NGS) for the identification of genetic changes caused by drugs. Major firms also participate in a number of investment programmes for market expansion.

Precision Medicine Market Key Players

1. ASEBIO
2. Biocrates Life Sciences AG
3. DxTerity Diagnostics Inc.
4. F. Hoffmann-La Roche Ltd
5. FOUNDATION MEDICINE
6. Intomics
7. Laboratory Corporation of America Holdings
8. Menarini Silicon Biosystems
9. NanoString Technologies, Inc
10. NeoGenomics Laboratories
11. Novartis AG
12. Pfizer Inc
13. QIAGEN
14. Quest Diagnostics Incorporated
15. Tepnel Pharma Services (Hologic Inc.)
16. Teva Pharmaceutical
17. Randox Laboratories
18. Biomrieux Sa
19. Abbott Laboratories
20. Intel Corporation
21. Cepheid

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Key questions answered in the Precision Medicine are:

What is Precision Medicine?
What was the Precision Medicine market size in 2022?
What is the growth rate of the Precision Medicine?
Which are the factors expected to drive the Precision Medicine market growth?
What are the different segments of the Precision Medicine?
What growth strategies are the players considering to increase their presence in Precision Medicine?
What are the upcoming industry applications and trends for the Precision Medicine?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Precision Medicine?
Who are the leading companies and what are their portfolios in Precision Medicine?
Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by different segment | 2023−2029
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
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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Issued By Apurva
Country United States
Categories Health
Tags precision medicine market , precision medicine market trends , precision medicine market share
Last Updated July 27, 2023