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Precision Medicine Market Growth, Size and Share Expected to Expand with a 12.48% CAGR till the End- 2022 | Global Industry Trend Analysis 2019

July 23rd, 2019 Market Research Future Releases

The major market driving factor for precision medicine are patient’s involvement in personal healthcare, integration of wireless technologies with portable healthcare devices, and increase in genetic diseases (due to mutation, UV rays) among others.

Precision medicine refers to medicines developed as per an individual’s genetic profile that helps as a guide for the prevention, diagnosis and treatment of diseases. The global precision medicine market was valued at $38.92 billion in 2015, and is expected to reach $88.64 billion by 2022. Thus the market is expected to perform a growth at a CAGR of 12.48% from 2015 to 2022.

Get Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/925

The market constraints include potential threat to personal data, high diagnostic cost as a barrier, potential risk of hardware or software failure, stringent regulations and standards, lack of awareness about the possible applications of precision medicine, reimbursement policies and regulatory framework, limited knowledge about the application of test and techniques, lack of research and evidences creating hindrances in its application.

Key Players for Global Precision Medicine Market:

Abbott Laboratories, Almac Group, Ltd., Asuragen, Inc., Biomérieux Sa, Cepheid Inc., Cetics Healthcare Technologies Gmbh, Ge Healthcare, Glaxosmithkline Plc, Johnson & Johnson, Laboratory Corporation Of America Holdings, Medtronic, Novartis, Pfizer Inc., Qiagen, Biobase Gmbh, Quest Diagnostics Inc, Randox Laboratories Ltd., Sanofi Pharma, Takeda Pharmaceutical Company Limited, Teva Pharmaceutical Industries Ltd., Ab-Biotics Sa, Caris Life Sciences, Healthcore, Inc., Ibm, Innventis, Intel Corporation, Molecular Health Gmbh, Precision For Medicine

Key Findings:

  • The global precision medicine market is expected to reach USD 88.64 billion by 2022.
  • By ecosystem diagnostic tool companies holds the largest market share of precision medicine market and is expected to reach USD 27.56 billion by 2022.
  • By sub-market, company diagnostics holds the largest market share of precision medicine market and is expected to reach USD 21.32 billion by 2022.

Segmentation:

Global Precision Medicine market has been segmented on the basis of ecosystem, sub-market, therapeutics and region.

Regional Analysis
Globally North America is the largest market for global precision medicine. Europe is the second-largest market for global precision medicine. The near future market for precision medicine will be dominated by the developed regions with developing regions providing a supporting role only. However the developing regions market particularly Asia Pacific will be the fastest growing and is likely to be the key to the future.

Browse Premium Research Report Enabled with List of Tables and Figures @ https://www.marketresearchfuture.com/reports/precision-medicine-market-925

List of Tables

Table 1 Leading Companies In The Precision Medicine Market 37

Table 2 Downsizing Cost Of Genome Sequencing 74

Table 3 Factors Impacting The Buyer’s Bargaining Power 80

Table 4 Factors Impacting The Supplier’s Bargaining Power 81

Table 5 Factors Impacting The Threat From Substitute 82

Table 6 Factors Impacting The Threat From New Entrant 83

Table 7 Factors Impacting The Degree Of Competition 84

Table 8 Regulatory Bodies In Precision Medicine Market 87

Table 9 Consortiums In Precision Medicine Market 93

Table 10 Alliances/Associationsin Precision Medicine Market 94

Table 11 Global Precision Medicine Market Value, By Ecosystem Players, 2014-2022 ($Billion) 97

Table 12 Pharma & Biotech: Global Precision Medicine Market Value, By Sub-Market Types, 2014-2022 ($Billion) 100

List of Figures

Figure 1 Precision Medicine Market Study 27

Figure 2 Research Methodology 29

Figure 3 Different Phases Of Research Methodology For The Global Market 30

Figure 4 Precision Medicine Market: Research Methodology 32

Figure 5 Global Precision Medicine Market Share, By Ecosystem, 2014-2022 ($Billion) 38

Figure 6 Global Precision Medicine Market Size, By Sub-Market Type, 2014 – 2022 (Billion) 39

Figure 7 Global Precision Medicine Market Size, By Therpeutic Application, 2014 – 2022 (Billion) 40

Figure 8 Global Precision Medicine Market Size, By Geography, 2014 – 2022 ($Billion) 41

Figure 9 Timeline Of Precision Medicine 43

Figure 10 Precision Medicine: Benefits 45

Figure 11 Examples: Applied Areas Of Precision Medicine 46

Figure 12 Elements Of Precision Medicine Technology 47

Figure 13 Different Type Of Data Used By Big Data Companies 48

Figure 14 Precision Medicine: Areas Of Interest 49

Figure 15 Precision Medicine: Partnerships, Agreements, And Collaborations (2015) 53

Figure 16 Precision Medicine: Mergers & Acquisitions( 2015) 55

Figure 17 Precision Medicine: Key Product Launch & Developments (2015) 57

…Continued!    

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