Report Overview:

The following report titled “Global Precision Medicine Market: By Technology (Big Data Analytics, Bioinformatics, Whole Genome Sequencing, Companion Diagnostics, Molecular Imaging, Artificial Intelligence, Others), By Solution Offering (Consumables, Instruments, Services) and other forecast 2024-2030” provides a comprehensive analysis of the market, focusing on key details such as market size, growth trends, determinants of growth, segments covered, and the role of leading players in the industry.

Global Precision Medicine Market Summary

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. In recent years, the lifestyle of individuals has drastically changed, as they are following unhealthy diets, consuming excessive alcohol, and rarely engaging in physical activities like sports. The transition of individuals toward unhealthy lifestyles has led to rising instances of chronic diseases like diabetes, cardiovascular diseases, etc. According to the British Heart Foundation, as of 2024, almost 110 million men & 80 million women are suffering from coronary heart disease. The higher prevalence of chronic illnesses across the globe is resulting in the requirement for accurate treatment & medicines to improve an individual's health condition, driving the Global Precision Medicine Market.

Report Coverage & Details

• Forecast Period:  –2030
• Base Year: 2023
• CAGR: 10.6%

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Precision Medicine Market Trend:

Integration with Emerging Technologies Like Artificial Intelligence (AI) and Big Data Analytics – The demand for personalized medicine has significantly increased across the globe to address unmet medical needs. Companies have increasingly relied on technologies like machine learning, artificial intelligence, etc. to analyze the large volume of data, comprising genomic data, clinical data, imaging data, and patient outcomes.

Segmentation Analysis: Precision Medicine Market

By Technology

• Big Data Analytics- Market Size & Forecast 2019-2030F, USD Million
• Bioinformatics- Market Size & Forecast 2019-2030F, USD Million
• Whole Genome Sequencing- Market Size & Forecast 2019-2030F, USD Million
• Companion Diagnostics- Market Size & Forecast 2019-2030F, USD Million
• Molecular Imaging- Market Size & Forecast 2019-2030F, USD Million
• Artificial Intelligence- Market Size & Forecast 2019-2030F, USD Million
• Others (Pharmacogenomics, Genetic Testing, etc.)- Market Size & Forecast 2019-2030F, USD Million

By Solution Offering

• Consumables- Market Size & Forecast 2019-2030F, USD Million
  • Reagents- Market Size & Forecast 2019-2030F, USD Million
  • Assay Kits- Market Size & Forecast 2019-2030F, USD Million
• Instruments- Market Size & Forecast 2019-2030F, USD Million
  • Real-Time PCR Machines- Market Size & Forecast 2019-2030F, USD Million
  • Next-Generation Sequencing (NGS) Systems- Market Size & Forecast 2019-2030F, USD Million
  • Microarray Scanners- Market Size & Forecast 2019-2030F, USD Million
  • Others (Flow Cytometers, Imaging Systems, etc.) - Market Size & Forecast 2019-2030F, USD Million
• Services- Market Size & Forecast 2019-2030F, USD Million
  • Genetic Testing and Counseling- Market Size & Forecast 2019-2030F, USD Million
  • Pharmacogenomics Testing- Market Size & Forecast 2019-2030F, USD Million
  • Cancer Genomic Profiling- Market Size & Forecast 2019-2030F, USD Million

By End User

• Pharmaceutical & Biotechnology Company- Market Size & Forecast 2019-2030F, USD Million
• Diagnostic Laboratories- Market Size & Forecast 2019-2030F, USD Million
• Healthcare IT- Market Size & Forecast 2019-2030F, USD Million
• Research Centers- Market Size & Forecast 2019-2030F, USD Million
• Healthcare Providers- Market Size & Forecast 2019-2030F, USD Million
• Others (Academic Institutes, Non-Profit Organization, etc.)- Market Size & Forecast 2019-2030F, USD Million

By Application

• Oncology- Market Size & Forecast 2019-2030F, USD Million
• Immunology- Market Size & Forecast 2019-2030F, USD Million
• Central Nervous System (CNS) - Market Size & Forecast 2019-2030F, USD Million
• Respiratory- Market Size & Forecast 2019-2030F, USD Million
• Gastroenterology- Market Size & Forecast 2019-2030F, USD Million
• Others (Endocrinology, Neurology, etc.)- Market Size & Forecast 2019-2030F, USD Million

By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

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Region: North America Holds a Major Market Share

Among them, North America has a well-developed healthcare infrastructure with several state-of-the-art hospitals like the Mayo Clinic, Cleveland Clinic, research institutions, and medical centers.

Leading Players Analysis: Precision Medicine Market

The report provides detailed analysis of key players in the global Precision Medicine market, highlighting their strategies and competitive scenario.

• 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.
• Others.

Note: Should you require specific information beyond the current scope of the report, we are prepared to furnish it as part of our customization services.

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1. Informed Decision-Making: Access to comprehensive and insightful market research reports enables stakeholders to make well-informed decisions, leading to more strategic and successful initiatives.
2. Strategic Planning: The strategic reports provided by MarkNtel Advisors empower stakeholders to formulate robust strategies for market entry, product development, and competitive positioning.
3. Market Sizing & Forecasting: Stakeholders can benefit from accurate market sizing and forecasting data to make informed investment and resource allocation decisions, minimizing risks and maximizing returns.
4. Competitive Benchmarking: The availability of competitive benchmarking data allows stakeholders to assess their performance against industry peers, identify areas for improvement, and capitalize on strengths.
5. Identifying Investment Opportunities: Through trend analysis and industry insights, stakeholders can identify attractive investment opportunities and stay ahead in the market for better ROI.

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