menu
Precision Medicine Market Growth by 2027 Driven by APAC, Europe and North America
Precision Medicine Market Growth by 2027 Driven by APAC, Europe and North America
Development of cost-effective research approaches for genomics and molecular genetics, and growing the usage of extensive data are some of the main drivers that drive the market demand.

The Global Precision Medicine market is further segmented in terms of applications, end-user, end-use, geographic presence, by-products as well as services. In addition, the subject matter experts evaluating the industry provide an all-inclusive category-specific industry outlook. A comprehensive collection of data on major companies occupying a strong foothold in the industry adds immense value to the overall research.

The global Precision Medicine Market is expected to reach USD 132.66 Billion by 2027, according to a new report by Emergen Research. The proliferation of sequencing methodologies, especially Next Generation Sequencing (NGS), is expected to drive the market due to the increasing sequencing costs and the advancement of the Human Genome Project in the field of genomics.

The rising incidence of chronic and unusual diseases triggers the need to build technically innovative methods for accelerated medical data aggregation and review. The bioinformatics program helps in data processing by rendering successful therapeutic approaches. As a consequence, the growing volume of data in the healthcare sector would fuel demand for bioinformatics, raising competition in the industry for precision medicine.

Get a sample of the report @ https://www.emergenresearch.com/request-sample/32

The prominent players profiled in the report are:

Biocrates Life Sciences, Tepnel Pharma Services, Menarini Silicon Biosystems, NanoString Technologies, Quest Diagnostics, Qiagen, Teva Pharmaceutical, Eagle Genomics, Novartis, and Pfizer, among others.

The creation of bioinformatics tools and applications would promote the production of immunotherapy and thus boost the study of microbiomes, thus advancing the area of precision medicine. Besides, the development of high-throughput technologies such as next-generation sequencing and microarray will pave the way for market growth in bioinformatics, which will further drive market demand in the coming years.

Some Key Highlights from the Report

Based on technology, drug discovery is projected to grow with a CAGR of 9.8% in the forecast period, due to the growing emphasis of bio-pharmaceutical players on developing precision medicine for treating diseases, including cancer, which will further boost the market growth.

The diagnostic companies expected to grow with a CAGR of 10.4% in the forecasted period, owing to a wide variety of applications for which big players in the precision medicine industry are engaged in various investment programs.

The oncology application is the major contributor to the Precision Medicine Market. The segment is growing due to the rising frequency and prevalence of cancer worldwide, which will intensify the demand for precision medicine as an essential form of therapy coupled with developing tailored treatments for patients with cancer dependent on their genetic makeup over traditional chemotherapy.

North America dominated the market for Precision Medicine in 2019. The region's consistent focus on cost-effective and innovative procedures that are adopted in the area is driving the market.

To know more about the report, visit @ https://www.emergenresearch.com/industry-report/precision-medicine-market

For the purpose of this report, Emergen Research has segmented into the global Precision Medicine Market on the basis of technology, end-use, application, and region:

Technology Outlook (Revenue: USD Billion; 2017-2027)

  • Big Data Analytics
  • Bioinformatics
  • Gene Sequencing
  • Drug Discovery
  • Companion Diagnostics
  • Others

End-Use Outlook (Revenue: USD Billion; 2017-2027)

  • Pharmaceutical Companies
  • Diagnostic Companies
  • Healthcare IT companies
  • Others

Request a discount on the report @ https://www.emergenresearch.com/request-discount/32

Application Outlook (Revenue: USD Billion; 2017-2027)

  • Oncology
  • Immunology
  • CNS
  • Respiratory
  • Others

Regional Outlook (Revenue, USD Billion; 2017-2027)

  • North America
    1. US.
    2. Canada
  • Europe
    1. Germany
    2. UK
    3. France
    4. BENELUX
    5. Rest of Europe
  • Asia Pacific
    1. China
    2. Japan
    3. South Korea
    4. Rest of APAC
  • Latin America
    1. Brazil
    2. Rest of LATAM
  • MEA
    1. Saudi Arabia
    2. UAE
    3. Rest of MEA

Request customization of the report @ https://www.emergenresearch.com/request-for-customization/32

Key Benefits of the Report:

·         Comprehensive analysis of the competitive scenario and its changing dynamics

·         Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis

·         In-depth 8-year analysis of the Global Precision Medicine Market

·         Critical understanding of the key market segments 

·         Comprehensive analysis of the drivers, restraints, trends, and opportunities

·         Detailed regional analysis and extensive company profiling

·         Extensive assessment of current and emerging trends of the market

Thank you for reading the report. The report can be customized as per the requirements of the clients. For further information or query about customization, please reach out to us, and we will offer you the report best suited for your needs.

Browse More Related Reports:

Green Funerals Market

https://www.emergenresearch.com/industry-report/green-funerals-market

Data Center Liquid Cooling Market

https://www.emergenresearch.com/industry-report/data-center-liquid-cooling-market

Multi Modal Imaging Market

https://www.emergenresearch.com/industry-report/multi-modal-imaging-market

Structural Health Monitoring Market

https://www.emergenresearch.com/industry-report/structural-health-monitoring-market

Pompe Disease Market

https://www.emergenresearch.com/industry-report/pompe-disease-market

Stool Softener Market

https://www.emergenresearch.com/industry-report/stool-softener-market

Floating Farms Market

https://www.emergenresearch.com/industry-report/floating-farms-market

Breast Imaging Software Market

https://www.emergenresearch.com/industry-report/breast-imaging-software-market

Master Data Management Market

https://www.emergenresearch.com/industry-report/master-data-management-market