Precision Medicine Software Market by Delivery Mode (On-Premise & Cloud-Based), End User (Healthcare Providers, Research Centers & Government Institutes, Pharmaceutical & Biotechnology Companies), Application, and Region - Global Forecast to 2024

Precision Medicine Software Market by Delivery Mode (On-Premise & Cloud-Based), End User (Healthcare Providers, Research Centers & Government Institutes, Pharmaceutical & Biotechnology Companies), Application, and Region - Global Forecast to 2024

“The precision medicine software market is projected to grow at a CAGR of 11.5% during the forecast period.”
The precision medicine software market is projected to reach USD 2.0 billion by 2024 from USD 1.2 billion in 2019, at a CAGR of 11.5%. Factors such as the rising government funding in precision medicine initiatives, partnerships among pharmaceutical and software companies, the entry of new players & and VC funding, and growth in the number of cancer patients are driving the growth of the precision medicine software market. However, the high cost of deployment, issues related to the secure storage of large volumes of sequenced data, lack of reimbursement for precision medicine-based treatments, and a dearth lack of skilled IT professionals in healthcare are expected to restrainlimit market growth to a certain extent in the coming years.

“The cloud-based delivery mode segment is expected to grow at the highest rate during the forecast period.”
On the basis of delivery mode, the back-end revenue cycle management market is segmented into on-premise and cloud-based modes. The cloud-based delivery mode segment is estimated to witness the highest CAGR during the forecast period. Cloud-based solutions help healthcare organizations share and integrate information from different locations, and these solutions are less expensive less costly to install and maintain than on-premise solutions, which contribute to the high growth and popularity of the cloud-based delivery model.

“The health providers segment is expected to hold the largest market share during the forecast period.”
On the basis of end user, the precision medicine software market has been segmented into healthcare providers, research centers & government institutes, pharmaceutical & biotechnology companies, and other end users. The healthcare providers segment accounted for the largest market share in 2018. The large share of this segment can be attributed to the growing availability of precision medicine software and a rising emphasis on providing personalized medicine in hospitals.

“Growing investments and favorable initiatives for the implementation of precision medicine software in North America the North American region is expected to offer growth opportunities in thise region.”

Geographically, the precision medicine software market is segmented into North America, Europe, Asia, and the Rest of the World. The North American market is expected to grow at the highest rate during the forecast period. Growth in this region can be attributed to growing investments, and favorable initiatives for the implementation of precision medicine software. Several major global players are based in the US, owing to which the US has become a center for innovation in the precision medicine software market.

Breakdown of supply-side primary interviews:
By Company Type: Tier 1: 55%, Tier 2: 20%, and Tier 3: 25%
By Designation: C-level: 35%, Director-level: 25%, and Others: 40%
By Region: North America: 20%, Europe: 25%, APAC: 40%, and RoW: 15%

The major players in the market include Syapse, Inc. (US), 2bPrecise LLC (Israel), Foundation Medicine, Inc. (US), Fabric Genomics (US), SOPHiA GENETICS SA (Switzerland), PierianDx, Inc. (US), N-of-One, Inc. (US), Human Longevity, Inc. (US), Translational Software, Inc. (US), Sunquest Information Systems Inc. (US), Gene42, Inc. (Canada), LifeOmic Health, LLC (US), NantHealth, Inc. (US), Tempus Labs, Inc. (US), Flatiron Health, Inc. (US), IBM Watson Group (US), and Koninklijke Philips N.V. (Netherlands).

Research cCoverage
This report studies the precision medicine software market based on delivery mode, end user, application, and region. The report also studies factors (such as drivers, restraints, opportunities, and challenges) affecting market growth. It analyzes the opportunities and challenges in the market and provides details of the competitive landscape for market leaders. Furthermore, the report analyzes micromarkets with respect to their individual growth trends and forecasts the revenue of the market segments with respect to four main regions and respective countries.

Key bBenefits of bBuying the r Report
This report focuses on various levels of analysis—industry trends, the market share of top players, and company profiles, which together form basic views and analyze the competitive landscape, emerging segments of the precision medicine software market, and high-growth regions and their drivers, restraints, challenges, and opportunities. The report will help both established firms as well as new entrants/smaller firms to gauge the pulse of the market and garner greater market shares.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • MARKETS COVERED
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
    • MARKET BREAKDOWN AND DATA TRIANGULATION
    • ASSUMPTIONS FOR THE STUDY
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • PRECISION MEDICINE SOFTWARE: MARKET OVERVIEW
    • GEOGRAPHIC ANALYSIS: NORTH AMERICAN PRECISION MEDICINE SOFTWARE MARKET, BY DELIVERY MODE
    • US PRECISION MEDICINE SOFTWARE MARKET
    • GEOGRAPHICAL SNAPSHOT OF THE PRECISION MEDICINE SOFTWARE MARKET
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
        • Table GOVERNMENT INITIATIVES IN THE FIELD OF PRECISION MEDICINE SOFTWARE
        • Table START-UP COMPANIES IN THE PRECISION MEDICINE SOFTWARE MARKET
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
  • PRECISION MEDICINE SOFTWARE MARKET, BY DELIVERY MODE
    • INTRODUCTION
      • Table PRECISION MEDICINE SOFTWARE MARKET, BY DELIVERY MODE, 2017–2024 (USD MILLION)
    • ON-PREMISE DELIVERY MODE
      • BENEFITS OFFERED BY THE ON-PREMISE DELIVERY MODEL AND LIMITED PENETRATION OF CLOUD-BASED TECHNOLOGIES TO DRIVE MARKET GROWTH
        • Table ON-PREMISE PRECISION MEDICINE SOFTWARE MARKET, BY REGION, 2017–2024 (USD MILLION)
        • Table NORTH AMERICA: ON-PREMISE PRECISION MEDICINE SOFTWARE MARKET, BY COUNTRY, 2017–2024 (USD MILLION)
        • Table EUROPE: ON-PREMISE PRECISION MEDICINE SOFTWARE MARKET, BY REGION, 2017–2024 (USD MILLION)
    • CLOUD-BASED DELIVERY MODE
      • OPEN-ACCESS NATURE OF CLOUD-BASED MODELS POSES SECURITY CHALLENGES
        • Table CLOUD-BASED PRECISION MEDICINE SOFTWARE MARKET, BY REGION, 2017–2024 (USD MILLION)
        • Table NORTH AMERICA: CLOUD-BASED PRECISION MEDICINE SOFTWARE MARKET, BY COUNTRY, 2017–2024 (USD MILLION)
        • Table EUROPE: CLOUD-BASED PRECISION MEDICINE SOFTWARE MARKET, BY REGION, 2017–2024 (USD MILLION)
  • PRECISION MEDICINE SOFTWARE MARKET, BY END USER
    • INTRODUCTION
      • Table PRECISION MEDICINE SOFTWARE MARKET, BY END USER, 2017–2024 (USD MILLION)
    • HEALTHCARE PROVIDERS
      • PRECISION MEDICINE IS USED BY HEALTHCARE PROVIDERS TO DETERMINE DISEASE SUSCEPTIBILITY AND PROVIDE PERSONALIZED TREATMENTS
        • Table PRECISION MEDICINE SOFTWARE MARKET FOR HEALTHCARE PROVIDERS, BY REGION, 2017–2024 (USD MILLION)
        • Table NORTH AMERICA: PRECISION MEDICINE SOFTWARE MARKET FOR HEALTHCARE PROVIDERS, BY COUNTRY, 2017–2024 (USD MILLION)
        • Table EUROPE: PRECISION MEDICINE SOFTWARE MARKET FOR HEALTHCARE PROVIDERS, BY COUNTRY, 2017–2024 (USD MILLION)
    • RESEARCH CENTERS AND GOVERNMENT INSTITUTES
      • INCREASING FUNDING FOR RESEARCH WILL DRIVE THE USAGE AND ADOPTION OF PRECISION MEDICINE SOFTWARE IN THIS SEGMENT
        • Table PRECISION MEDICINE SOFTWARE MARKET FOR RESEARCH CENTERS AND GOVERNMENT INSTITUTES, BY REGION, 2017–2024 (USD MILLION)
        • Table NORTH AMERICA: PRECISION MEDICINE SOFTWARE MARKET FOR RESEARCH CENTERS AND GOVERNMENT INSTITUTES, BY COUNTRY, 2017–2024 (USD MILLION)
        • Table EUROPE: PRECISION MEDICINE SOFTWARE MARKET FOR RESEARCH CENTERS AND GOVERNMENT INSTITUTES, BY COUNTRY, 2017–2024 (USD MILLION)
    • PHARMACEUTICAL & BIOTECHNOLOGY COMPANIES
      • INCREASING EMPHASIS ON PHARMACOGENOMICS DUE TO ITS APPLICATIONS IN DRUG DEVELOPMENT IS TO DRIVE MARKET GROWTH
        • Table PRECISION MEDICINE SOFTWARE MARKET FOR PHARMACEUTICAL AND BIOTECHNOLOGY COMPANIES, BY REGION, 2017–2024 (USD MILLION)
        • Table NORTH AMERICA: PRECISION MEDICINE SOFTWARE MARKET FOR PHARMACEUTICAL AND BIOTECHNOLOGY COMPANIES, BY COUNTRY, 2017–2024 (USD MILLION)
        • Table EUROPE: PRECISION MEDICINE SOFTWARE MARKET FOR PHARMACEUTICAL AND BIOTECHNOLOGY COMPANIES, BY COUNTRY, 2017–2024 (USD MILLION)
    • OTHER END USERS
      • Table PRECISION MEDICINE SOFTWARE MARKET FOR OTHER END USERS, BY REGION, 2017–2024 (USD MILLION)
      • Table NORTH AMERICA: PRECISION MEDICINE SOFTWARE MARKET FOR OTHER END USERS, BY COUNTRY, 2017–2024 (USD MILLION)
      • Table EUROPE: PRECISION MEDICINE SOFTWARE MARKET FOR OTHER END USERS, BY COUNTRY, 2017–2024 (USD MILLION)
  • PRECISION MEDICINE SOFTWARE MARKET, BY APPLICATION
    • INTRODUCTION
      • Table PRECISION MEDICINE SOFTWARE MARKET, BY APPLICATION, 2017–2024 (USD MILLION)
    • ONCOLOGY
      • ONCOLOGY SEGMENT TO WITNESS THE HIGHEST GROWTH IN THE PRECISION MEDICINE SOFTWARE MARKET
        • Table PRECISION MEDICINE SOFTWARE MARKET FOR ONCOLOGY, BY REGION, 2017–2024 (USD MILLION)
        • Table NORTH AMERICA: PRECISION MEDICINE SOFTWARE MARKET FOR ONCOLOGY, BY COUNTRY, 2017–2024 (USD MILLION)
        • Table EUROPE: PRECISION MEDICINE SOFTWARE MARKET FOR ONCOLOGY, BY REGION, 2017–2024 (USD MILLION)
    • PHARMACOGENOMICS
      • PHARMACOGENOMICS IS A POTENTIAL SOLUTION TO REDUCE HEALTHCARE COSTS ASSOCIATED WITH ADES AND POOR RESPONSE TO PHARMACOTHERAPY
        • Table PRECISION MEDICINE SOFTWARE MARKET FOR PHARMACOGENOMICS, BY REGION, 2017–2024 (USD MILLION)
        • Table NORTH AMERICA: PRECISION MEDICINE SOFTWARE MARKET FOR PHARMACOGENOMICS, BY COUNTRY, 2017–2024 (USD MILLION)
        • Table EUROPE: PRECISION MEDICINE SOFTWARE MARKET FOR PHARMACOGENOMICS, BY REGION, 2017–2024 (USD MILLION)
    • RARE DISEASES
      • INCREASING INCIDENCE OF RARE DISEASES TO DRIVE MARKET GROWTH
        • Table PRECISION MEDICINE SOFTWARE MARKET FOR RARE DISEASES, BY REGION, 2017–2024 (USD MILLION)
        • Table NORTH AMERICA: PRECISION MEDICINE SOFTWARE MARKET FOR RARE DISEASES, BY COUNTRY, 2017–2024 (USD MILLION)
        • Table EUROPE: PRECISION MEDICINE SOFTWARE MARKET FOR RARE DISEASES, BY REGION, 2017–2024 (USD MILLION)
    • OTHER APPLICATIONS
      • Table PRECISION MEDICINE SOFTWARE MARKET FOR OTHER APPLICATIONS, BY REGION, 2017–2024 (USD MILLION)
      • Table NORTH AMERICA: PRECISION MEDICINE SOFTWARE MARKET FOR OTHER APPLICATIONS, BY COUNTRY, 2017–2024 (USD MILLION)
      • Table EUROPE: PRECISION MEDICINE SOFTWARE MARKET FOR OTHER APPLICATIONS, BY REGION, 2017–2024 (USD MILLION)
  • PRECISION MEDICINE SOFTWARE MARKET, BY REGION
    • INTRODUCTION
      • Table PRECISION MEDICINE SOFTWARE MARKET, BY REGION, 2017–2024 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: PRECISION MEDICINE SOFTWARE MARKET, BY COUNTRY, 2017–2024 (USD MILLION)
      • Table NORTH AMERICA: PRECISION MEDICINE SOFTWARE MARKET, BY DELIVERY MODE, 2017–2024 (USD MILLION)
      • Table NORTH AMERICA: PRECISION MEDICINE SOFTWARE MARKET, BY END USER, 2017–2024 (USD MILLION)
      • Table NORTH AMERICA: PRECISION MEDICINE SOFTWARE MARKET, BY APPLICATION, 2017–2024 (USD MILLION)
      • US
        • Table US: PRECISION MEDICINE SOFTWARE MARKET, BY DELIVERY MODE, 2017–2024 (USD MILLION)
        • Table US: PRECISION MEDICINE SOFTWARE MARKET, BY END USER, 2017–2024 (USD MILLION)
        • Table US: PRECISION MEDICINE SOFTWARE MARKET, BY APPLICATION, 2017–2024 (USD MILLION)
      • CANADA
        • Table CANADA: PRECISION MEDICINE SOFTWARE MARKET, BY DELIVERY MODE, 2017–2024 (USD MILLION)
        • Table CANADA: PRECISION MEDICINE SOFTWARE MARKET, BY END USER, 2017–2024 (USD MILLION)
        • Table CANADA: PRECISION MEDICINE SOFTWARE MARKET, BY APPLICATION, 2017–2024 (USD MILLION)
    • EUROPE
      • Table EUROPE: PRECISION MEDICINE SOFTWARE MARKET, BY REGION, 2017–2024 (USD MILLION)
      • Table EUROPE: PRECISION MEDICINE SOFTWARE MARKET, BY DELIVERY MODE, 2017–2024 (USD MILLION)
      • Table EUROPE: PRECISION MEDICINE SOFTWARE MARKET, BY END USER, 2017–2024 (USD MILLION)
      • Table EUROPE: PRECISION MEDICINE SOFTWARE MARKET, BY APPLICATION, 2017–2024 (USD MILLION)
      • EU5
        • Table EU5: PRECISION MEDICINE SOFTWARE MARKET, BY DELIVERY MODE, 2017–2024 (USD MILLION)
        • Table EU5: PRECISION MEDICINE SOFTWARE MARKET, BY END USER, 2017–2024 (USD MILLION)
        • Table EU5: PRECISION MEDICINE SOFTWARE MARKET, BY APPLICATION, 2017–2024 (USD MILLION)
      • REST OF EUROPE
        • Table ROE: PRECISION MEDICINE SOFTWARE MARKET, BY DELIVERY MODE, 2017–2024 (USD MILLION)
        • Table ROE: PRECISION MEDICINE SOFTWARE MARKET, BY END USER, 2017–2024 (USD MILLION)
        • Table ROE: PRECISION MEDICINE SOFTWARE MARKET, BY APPLICATION, 2017–2024 (USD MILLION)
    • ASIA
      • GROWING RESEARCH INVESTMENTS IN CHINA, JAPAN & INDIA WILL CONTRIBUTE TO MARKET GROWTH IN ASIA
        • Table ASIA: PRECISION MEDICINE SOFTWARE MARKET, BY DELIVERY MODE, 2017–2024 (USD MILLION)
        • Table ASIA: PRECISION MEDICINE SOFTWARE MARKET, BY END USER, 2017–2024 (USD MILLION)
        • Table ASIA: PRECISION MEDICINE SOFTWARE MARKET, BY APPLICATION, 2017–2024 (USD MILLION)
    • REST OF THE WORLD
      • Table ROW: PRECISION MEDICINE SOFTWARE MARKET, BY DELIVERY MODE, 2017–2024 (USD MILLION)
      • Table ROW: PRECISION MEDICINE SOFTWARE MARKET, BY END USER, 2017–2024 (USD MILLION)
      • Table ROW: PRECISION MEDICINE SOFTWARE MARKET, BY APPLICATION, 2017–2024 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • MARKET RANKING OF PLAYERS, 2018
    • COMPETITIVE LEADERSHIP MAPPING
      • VISIONARY LEADERS
      • INNOVATORS
      • DYNAMIC DIFFERENTIATORS
      • EMERGING COMPANIES
    • COMPETITIVE SCENARIO
      • SOLUTION LAUNCHES
        • Table SOLUTION LAUNCHES
      • EXPANSIONS
        • Table EXPANSIONS
      • PARTNERSHIPS, AGREEMENTS, AND COLLABORATIONS
        • Table PARTNERSHIPS, AGREEMENTS, AND COLLABORATIONS
      • ACQUISITIONS
        • Table ACQUISITIONS
  • COMPANY PROFILES
    • SYAPSE, INC.
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • 2BPRECISE, LLC
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • FABRIC GENOMICS, INC.
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • FOUNDATION MEDICINE, INC.
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • SOPHIA GENETICS SA
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • PIERIANDX, INC.
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
    • N-OF-ONE, INC. (A SUBSIDIARY OF QIAGEN N.V.)
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
    • HUMAN LONGEVITY, INC.
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
    • TRANSLATIONAL SOFTWARE INC.
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
    • SUNQUEST INFORMATION SYSTEMS, INC.
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
    • GENE42, INC.
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
    • LIFEOMIC HEALTH, LLC
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
  • APPENDIX
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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