Global Precision Medicine Market –Analysis and Forecast (2017-2026) (Focus on Ecosystem Player, Technology, Therapeutic Applications, Patent Landscape, Country Analysis, R&D Pipeline, Product Mapping, Market Share Analysis and Competitive Insights)
Various advancements in the life sciences industry have paved the way for development of several precision medicine solutions. It is one of the most modernized trends in the healthcare industry that has projected tremendous level of progress in the last few years. The completion of the Human Genome project in 2003 and the precision medicine initiative in 2015 provided a path of opportunity to introduce new scientific, medical, and business models in the precision medicine market. The sole idea behind the development of precision medicine solution is to provide targeted therapies to population based on their genomic structure. Therefore, the application of ‘omics’ (genomics, proteomics, transcriptomics) analysis is widely used in this market. The precision medicine market is a multibillion market which consists of innumerable companies involved in the research and development, manufacturing and commercialization of several novel drugs and diagnostic kits to boost the Precision Medicine workflow. Currently, the precision medicine market is gaining preference among the masses due to the growth of personal healthcare devices and integration of smart technologies in the healthcare system. In addition, increasing collaborations and partnerships between various ecosystem players are aiding in the robust growth of the precision medicine market. The growth in the precision medicine market is propelled by an increasing demand for personalized treatment, technological innovation and advancement (including Biomarker-based tests/kits, next gene sequencing, and precise imaging), government support and regulations, which consequently, have created a demand for the precision medicine solutions. Governmental regulations and standards are sustaining the growth and development of the precision medicine market. The primary aim of these regulations is to make precision medicines more adaptable and focused towards genetic diseases related to oncology, skin, respiratory, central nervous system, cardiovascular, and infectious diseases, among others.
The purpose of this study is to gain a holistic view of the precision medicine market in terms of various influencing factors, such as recent trends, technological advancements, and role of various key stakeholders in the market. The scope of this report constitutes of an in-depth study of the global precision medicine market. The market has been segmented into ‘ecosystem players’ ‘technology’, ‘therapeutic applications’ and ‘region’. The report presents the reader with an opportunity to unlock comprehensive insights with respect to the market and helps in forming well informed strategic decisions. The research uncovers some of the crucial parameters that must be taken into consideration before entering into the market.
The research report aims at answering various aspects of the global precision medicine market with the help of the key factors driving the market, restraints and challenges that can possibly inhibit the overall market growth, and the current growth opportunities that are going to shape the future trajectory of the market expansion. The report includes an in-depth examination of the key ecosystem players and key strategies & developments taking place in this market.
The research study considers the market share analysis for a comprehensive understanding of the global precision medicine market and assesses the factors governing the same. The supply chain analysis, Porter’s Five Force analysis, patent landscape, detailed product mapping and R&D analysis have been included in the report.
The market by region has been further sub-segmented in countries and in each sub-segments, key market trends, list of key players, and recent developments were listed.
The answers to the following key questions can be derived from this report:
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