The Global Precision Medicine Market report provides a detailed analysis of the market's current state, key players, emerging trends, and future growth prospects. The report is divided into several sections, each focusing on different aspects of the market, such as market size, geographical shares, competitive landscape, and market dynamics.

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Global Precision Medicine Market Key Points and Findings (2024-2030)

Precision Medicine Market Overview: -

The Global Precision Medicine Market size is estimated to grow at a CAGR of around 10.6% during the forecast period, i.e., 2024-30. In recent years, the lifestyle of individuals has drastically changed, as they are following unhealthy diets, consuming excessive alcohol, and rarely engaging in physical activities like sports. The transition of individuals toward unhealthy lifestyles has led to rising instances of chronic diseases like diabetes, cardiovascular diseases, etc. According to the British Heart Foundation, as of 2024, almost 110 million men & 80 million women are suffering from coronary heart disease. The higher prevalence of chronic illnesses across the globe is resulting in the requirement for accurate treatment & medicines to improve an individual's health condition, driving the Global Precision Medicine Market.

Regional Analysis:

  • North America
  • Europe
  • Asia Pacific
  • Middle East/Africa
  • South America

Among them, the North America experienced considerable growth in the Global Precision Medicine Market.

Top 10 Industry Competitive: Precision Medicine Market

  • Hoffmann-La Roche Ltd.
  • Astra Zeneca
  • Qiagen
  • Thermo Fisher Scientific Inc.
  • Amgen Inc.
  • Bayer AG
  • Biogen Inc.
  • Illumina Inc.
  • Medtronic Plc
  • Novartis Pharmaceutical Corporation
  • Kailos Genetics, LLC.

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Market Segmentation:

By Technology

 > Big Data Analytics- Market Size & Forecast 2019-2030F, USD Million

 > Bioinformatics- Market Size & Forecast 2019-2030F, USD Million

 > Whole Genome Sequencing- Market Size & Forecast 2019-2030F, USD Million

 > Companion Diagnostics- Market Size & Forecast 2019-2030F, USD Million

 > Molecular Imaging- Market Size & Forecast 2019-2030F, USD Million

 > Artificial Intelligence- Market Size & Forecast 2019-2030F, USD Million

 > Others (Pharmacogenomics, Genetic Testing, etc.)- Market Size & Forecast 2019-2030F, USD Million

By Solution Offering

 > Consumables- Market Size & Forecast 2019-2030F, USD Million

 >> Reagents- Market Size & Forecast 2019-2030F, USD Million

 >> Assay Kits- Market Size & Forecast 2019-2030F, USD Million

 > Instruments- Market Size & Forecast 2019-2030F, USD Million

 >> Real-Time PCR Machines- Market Size & Forecast 2019-2030F, USD Million

 >> Next-Generation Sequencing (NGS) Systems- Market Size & Forecast 2019-2030F, USD Million

 >> Microarray Scanners- Market Size & Forecast 2019-2030F, USD Million

 >> Others (Flow Cytometers, Imaging Systems, etc.) - Market Size & Forecast 2019-2030F, USD Million

 > Services- Market Size & Forecast 2019-2030F, USD Million

 >> Genetic Testing and Counseling- Market Size & Forecast 2019-2030F, USD Million

 >> Pharmacogenomics Testing- Market Size & Forecast 2019-2030F, USD Million

 >> Cancer Genomic Profiling- Market Size & Forecast 2019-2030F, USD Million

By End User

 > Pharmaceutical & Biotechnology Company- Market Size & Forecast 2019-2030F, USD Million

 > Diagnostic Laboratories- Market Size & Forecast 2019-2030F, USD Million

 > Healthcare IT- Market Size & Forecast 2019-2030F, USD Million

 > Research Centers- Market Size & Forecast 2019-2030F, USD Million

 > Healthcare Providers- Market Size & Forecast 2019-2030F, USD Million

 > Others (Academic Institutes, Non-Profit Organization, etc.)- Market Size & Forecast 2019-2030F, USD Million

By Application

 > Oncology- Market Size & Forecast 2019-2030F, USD Million

 > Immunology- Market Size & Forecast 2019-2030F, USD Million

 > Central Nervous System (CNS) - Market Size & Forecast 2019-2030F, USD Million

 > Respiratory- Market Size & Forecast 2019-2030F, USD Million

 > Gastroenterology- Market Size & Forecast 2019-2030F, USD Million

 > Others (Endocrinology, Neurology, etc.)- Market Size & Forecast 2019-2030F, USD Million

Precision Medicine Market Dynamics:

Key Factor Driving Market–

Rising Demand for Personalized Therapies to Boost Market Growth – Over the past few years, research by academic institutions, non-profit organizations, etc. has revealed that every individual responds differently to medicine due to genetic, physiological, environmental, and lifestyle factors. According to Stanford Medicine, in 2021, it was revealed that almost 99.5% of individuals have an abnormal or atypical response to at least one therapeutic drug. This variability in medication response slows down the efficacy of the treatments. As a result, healthcare facilities are adopting a personalized therapeutic approach, including tailored treatments based on patient characteristics. These tailored approaches optimize therapeutic outcomes and minimize the risk of adverse drug reactions.

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Frequently Asking Questions (FAQ’s):

  • Which companies lead the Global Precision Medicine Market? 
  • How will current trends shape the market in the coming years? 
  • What opportunities, challenges, and driving forces characterize the Precision Medicine Industry? 
  • Which specific Precision Medicine market segments should industry competitor target to capitalize on recent technological advancements? 
  • What is the projected growth rate of the global Precision Medicine market?

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