Market Overview:
Precision Medicine Market is expected to grow at a CAGR of 9.50% during the forecast period 2022-2029. As per Priority Exploration, the worldwide red biotechnology market size is anticipated to hit around US$ 510 billion by 2027 from an estimated at US$ 322 billion out of 2022. The North America region has the highest market share in the Precision Medicine Market, and it is further continuing its dominance during the forecast period.
Our research report gives wide perceptions of the latest trends and development prospects of the market analysis, detailed segmentation analysis, volume, size, share, growth drives, and opportunities in the market. In-depth regional and country-level illustration of the competitive landscape depends on several phases and status of clinical trials over the prominent economies of the globe, and also the report contains a number of major companies profiled in the relevant market.
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Market Drivers:
The ascent in web-based cooperative firms for accuracy medications is driving the worldwide accuracy medication market.
For example, in July 2018, Validic teamed up with SAP to coordinate wellbeing information caught by clinical gadgets to assist suppliers with conveying customized medicines.
In October 2018, LabCorp and Definiens fostered an essential coordinated effort to work on the worldwide improvement of accuracy medication. This joint effort, Covance drug improvement business that will empower a consistent reconciliation of advanced pathology with clinical-preliminary plan and tissue-based testing arrangements, bringing about a quicker and more thorough way to deal with biomarker approval and sidekick demonstrative co-improvement.
In June 2018, – 2bPrecise LLC, an EHR-skeptic, cloud-based accuracy medication stage, teamed up with PierianDx, Inc., the main clinical genomics knowledgebase organization to give a complete accuracy medication arrangement that joins genomic and clinical information to assist suppliers with settling on exact choices at the place of care.
Market Segmentation:
By Technology
Big Data Analytics
Bioinformatics
Gene Sequencing
Drug Discovery
By Application
Oncology
CNS
Immunology
Respiratory
By Product
Consumables
Instruments
Services
By End-Users
Pharma & Biotech Companies
Diagnostic Tool Companies
Healthcare IT/Big Data Companies
Clinical Laboratories
Major Companies Covered:
Pfizer, Medtronic, Eagle Genomics Ltd, Ferrer Incode, Laboratory Corporation Of America Holdings, Roche Holding Ag, Intomics, Biocrates Life Sciences Ag, Qiagen, Teva Pharmaceuticals, Nanostring Technologies, Novartis.
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