Precision Medicine Market: Impact of Genomics and Big Data

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

Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the “Precision Medicine Market”. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The analysis in the report provides an in-depth aspect at the current status of the Precision Medicine Market, with forecasts outspreading to the year 2030.

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Precision Medicine Market Scope and Methodology:

The Precision Medicine Market combines both qualitative and quantitative research methods. Qualitative and quantitative market data is gathered from different research elements including input from subject matter experts, as well as primary and secondary research methods. Primary research relies on important data obtained from in-person or phone interviews, surveys, questionnaires, and insights from industry professionals, customers, and other individuals.

The Maximize Market Research team conducted secondary research using a range of sources like company websites, annual reports, financial information, reports and SEC filings, internal and external proprietary databases, and pertinent patent and regulatory databases. MMR Market Reports reached out to various influential figures in the industry, including senior and mid-level managers of leading companies and end-user executives, in order to collect data on factors like brand dominance and pricing of services and products across different countries and regions.

Precision Medicine Market Regional Insights

The Precision Medicine Market report is divided into several important countries. In countries including North America, United States, Canada, Mexico, Europe, United Kingdom, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN countries, other APAC countries, South America, Brazil and the Middle East and Africa.

Precision Medicine Market Segmentation

The research provides a broader perspective at both the macro and micro levels by covering the concise analytical sectors of the precision medicine market. Application-wise, rising cancer incidence worldwide is probably going to account for the majority of cancer treatment spending. Currently, a variety of studies and genetic testing are being conducted to produce precision medicine tailored to individual patients. Using information on the patient's age, sex, kind of cancer, potential side effects, and other variables, precision medicine provides a treatment plan. For the doctor to choose the most appropriate course of treatment for the patient, cancer identification is crucial.

by Product types

Instruments
Consumables
Services


by Technology Type

Transcriptomics
Genomic Sequencing
Epigenomics
Bioinformatics
Drug Discovery
Companion Diagnostics
Big Data Analytics Software
Other Technologies


by Sequencing Technology type

Ion Semiconductor Sequencing
Pyrosequencing
Single Molecule Real Time Sequencing
Chain Termination Sequencing
Sequencing by Synthesis
Sequencing by Ligation
Nanopore Sequencing


by Application Type

Oncology
Immunology
CNS
Respiratory
Neurosciences
Infections
Pharmacogenomics
Rare Diseases
Other


by End User

Pharma & Biotech Companies
Diagnostic Tool Companies
Big Data Companies
Clinical Laboratories
Healthcare Providers
Research Centers and Academic Institutes
Other

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 Market are:

  • What is Precision Medicine?
  • What was the Precision Medicine Market size in 2023?
  • What is the growth rate of the Precision Medicine Market?
  • Which are the factors expected to drive the Precision Medicine Market growth?
  • What are the upcoming opportunities and trends for the Precision Medicine Market?
  • Who are the leading companies and what are their portfolios in Precision Medicine Market?
  • What are the recent industry trends that can be implemented to generate additional revenue streams for the Precision Medicine Market?
  • What growth strategies are the players considering to increase their presence in Precision Medicine?
  • What is the CAGR at which the Precision Medicine Market will grow during the forecast period?
  • What segments are covered in the Precision Medicine Market?
  • Who are the key players in the Precision Medicine Market?
  • What are the different segments of the Precision Medicine Market?
  • Which is the fastest growing region in the Precision Medicine Market?

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 | 2024−2030
  • 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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About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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