The rising number of clinical trials on neurology and other disciplines of healthcare is propelling the growth of the personalized medicine market, says Fortune Business insights in a report, titled “Personalized Medicine Market Size, Share and Global Trend by Product (Therapeutics, Diagnostics, Nutrition & Wellness), By Application (Oncology, Neurology, Blood Transfusion Safety, Diabetes, Autoimmune Diseases, Cardiology), By End-User (Hospitals, Specialty Clinics), and Geography Forecast till 2026”.The research and development by biopharmaceutical companies for the production of new personalized medicine is escalating the growth of the global market.
Highlights of the Report:
- In-depth analysis of various insights, namely, Personalized Medicine Market trends, growth drivers, opportunities, and other related challenges.
- Comprehensive details of key market players, their core competencies, and Personalized Medicine Market share.
- The potency of suppliers and buyers to make better business decisions.
- Lists out the market size in terms of volume.
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Key Players Operating in The Personalized Medicine Market Include:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
- Abbott
- Merck & Co., Inc.
- AstraZeneca
- Pfizer Inc.
- GlaxoSmithKline plc
- Novartis AG
- Amgen Inc.
- Bayer AG
- Mylan N.V.
Metagenics Launched (PLMC) Personalized Lifestyle Medicine Centre
Metagenics Inc, a health sciences company announced Personalized Lifestyle Medicine Center (PLMC), a clinical research laboratory and patient clinic. The center is designed to conduct clinical trial models for building unique data set for patients. The establishment of PLMC is expected to drive the global personalized medicine market due to developing therapeutic tools and programs, enabling personalized lifestyle practitioners to meet the need. The development of vitamins for personalized health is contributing positively to the global personalized medicine market. For instance, Vitamin Packs Inc., PERSONA nutrition unveiled new vitamin supplements for personalized health. The new supplements have a combination to help decrease the number of capsules a user takes in a day, along with new vegan soft gels and a program planned particularly for bariatric patients. Innovations by companies with regards to personalized medicines along with the announcement of building new centers furthering research and development in the field are likely to have a huge impact on the global market, which in turn will enable growth in the personalized medicine market.
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North America to Dominate the Global Market
Geographically, the global personalized medicine market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is dominating the global personalized medicine market owing to the recent regulatory approvals for personalized medicines. It is also expected to lead the personalized medicine market during the forecast period, owing to the higher adoption of personalized medicine as diagnostic and therapeutic agents in the region. Asia Pacific and Middle East & Africa markets are predicted to grow considerably during the forecast period, owing to developing healthcare infrastructure and increasing per capita healthcare expenditure in the regions.
Personalized Medicine Market Segmentation:
By Product
- Therapeutics
- Diagnostics
- Nutrition & Wellness
- Others
By Application
- Oncology
- Neurology
- Blood Transfusion Safety
- Diabetes
- Autoimmune Diseases
- Cardiology
- Others
By End User
- Hospitals
- Specialty Clinics
- Others
By Geography
- North America (USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
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Report Focus:
- Extensive product offerings
- Customer research services
- Robust research methodology
- Comprehensive reports
- Latest technological developments
- Value chain analysis
- Potential Personalized Medicine Market opportunities
- Growth dynamics
- Quality assurance
- Post-sales support
- Regular report updates
Reasons to Purchase this Report:
- Comprehensive analysis of the Personalized Medicine Market growth drivers, obstacles, opportunities, and other related challenges.
- Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
- Identifies market restraints and boosters.
- Identifies all the possible segments present in the market to aid organizations in strategic business planning.
- Users Also Search For- precision medicine, what is personalized medicine, personalized medicine definition, personalized medicine coalition
KEY QUESTIONS ANSWERED:
- What is the market size and growth rate of the global and regional market by various segments?
- What is the market size and growth rate of the market for selective countries?
- Which region or sub-segment is expected to drive the market in the forecast period?
- What Factors are estimated to drive and restrain the Personalized Medicine Market growth?
- What are the key technological and market trends shaping the market?
- What are the key opportunities in the market?
- What are the key companies operating in the market?
- Which company accounted for the highest market share?
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