MarkNtel Advisors recently published a detailed industry analysis of the Precision Medicine Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Insights and Analysis of the Precision Medicine Market (2024-2030)
The Global Precision Medicine Market size is estimated to grow at a CAGR of around 10.6% during the forecast period, i.e., 2024-30.
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What is driving the Precision Medicine Market?
Rising Demand for Personalized Therapies to Boost Market Growth – Over the past few years, research by academic institutions, non-profit organizations, etc. has revealed that every individual responds differently to medicine due to genetic, physiological, environmental, and lifestyle factors. According to Stanford Medicine, in 2021, it was revealed that almost 99.5% of individuals have an abnormal or atypical response to at least one therapeutic drug. This variability in medication response slows down the efficacy of the treatments. As a result, healthcare facilities are adopting a personalized therapeutic approach, including tailored treatments based on patient characteristics. These tailored approaches optimize therapeutic outcomes and minimize the risk of adverse drug reactions.
Moreover, these personalized approaches also offer therapies based on the patient’s disease analysis, which helps in the early detection of disease risk, identification of high-risk individuals, and implementation of preventive measures. Therefore, individuals are seeking personalized therapies to mitigate disease progression and improve long-term health outcomes, driving the Global Precision Medicine Market.
What segments define the Precision Medicine Market from 2024 to 2030? How do these segments contribute to market dynamics and growth?
By Technology
(Big Data Analytics, Bioinformatics, Whole Genome Sequencing, Companion Diagnostics, Molecular Imaging, Artificial Intelligence, Others),
By Solution Offering
(Consumables, Instruments, Services),
By End User
(Pharmaceutical & Biotechnology Company, Diagnostic Laboratories, Healthcare IT, Research Centers, Healthcare Providers, Others),
By Application
(Oncology, Immunology, Central Nervous System [CNS], Respiratory, Gastroenterology, Others)
Region
(North America, Europe, Asia-Pacific, South America, Middle East & Africa)
Explore the Complete Precision Medicine Market Analysis Report – https://www.marknteladvisors.com/research-library/global-precision-medicine-market.html
Who are the leading key players shaping the Precision Medicine Market landscape?
Hoffmann-La Roche Ltd., Astra Zeneca, Qiagen, Thermo Fisher Scientific Inc., Amgen Inc., Bayer AG, Biogen Inc., Illumina Inc., Medtronic Plc, Novartis Pharmaceutical Corporation, Kailos Genetics, LLC., C2i Genomics, Astarte Medical, PerkinElmer Inc., and others
Questions Addressed in this Study
1.What factors are driving the Precision Medicine Market growth?
2.How is the Precision Medicine Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Precision Medicine Market?
4.What is the current size of the Precision Medicine Market, and how is it projected to change in the future?
6.What is the future outlook for the Precision Medicine Market in terms of technological advancements and market expansion?
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Why MarkNtel Advisors?
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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