Precision Medicine Market Dynamics, size, analysis, and forecast report by 2027

Market Overview

Precision medicine is one of the most rapidly developing markets in recent history. The Precision Medicine Market Dynamics is expected to grow at a CAGR of 12.5% and reach USD 126 billion by the end of the forecast period. Precision medicine is an emerging trend in the healthcare business that has been growing quickly in recent years. The market for precision medicine trends, also known as personalized medications, first emerged in 2003 and has since dominated the healthcare business. The focus of healthcare departments working on human genome overall sequencing is on customized therapeutics. Modern and advanced technological advancements have paved the way for a plethora of new medical, scientific, and business models to emerge.

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Market Segmentation

Based on the sub-markets, the global Precision Medicine Market has been segmented into biomarker-based tests, companion diagnostics, pharmacogenomics or PGX, targeted therapeutics, molecular diagnostics, and others.

Based on the therapeutics, the global Precision Medicine Market has been segmented into cardiovascular disease or CVD, central nervous system, cancer or oncology, infectious disease, and others.
Based on the ecosystem players, the global Precision Medicine Market has been segmented into diagnostics companies, pharmaceuticals and biotechnology companies, clinical laboratories, healthcare IT specialists or big data companies, and others.
Based on the region, the global Precision Medicine Market has been segmented into North America, Europe, Asia-Pacific, and the Rest of the World.

Regional Classification

The Americas will account for the vast majority of the global market. The customized medicine market share in the United States will rise at the fastest rate in the worldwide industry, and sophisticated gene mapping technologies will aid in this expansion. The European region has superior diagnostics, medications, and electronic health records, making it the market's second-largest shareholder. Singapore precision medicine will outperform the other market share in the Asia Pacific area due to higher disposable income and improved healthcare infrastructure, which would accelerate market growth in the forecast years.

Key Players:

The major key players in the market are Abbott Laboratories (the US), Ab-Biotics SA (the US), Almac Group Ltd. (UK), Asuragen Inc. (the US), Biobase Gmbh (Germany), Biomerieux SA (France), Caris Life Sciences (the US), Cepheid Inc. (the US), Celtics Healthcare Technologies Gmbh (Germany), Ge Healthcare (the US), GlaxoSmithKline PLC (UK), Healthcore Inc. (the US), IBM (the US), Innventis (Israel), Intel Corporation (the US), Johnson Johnson (the US), Laboratory Corporation Of America Holdings (the US), Medtronic (the US), Molecular Health Gmbh (Germany), Novartis (Switzerland), Pfizer Inc. (the US), Qiagen (Germany), Quest Diagnostics Inc. (the US), Randox Laboratories Ltd. (UK), Takeda Pharmaceutical Company Limited (Japan), Sanofi Pharma (France), and Teva Pharmaceutical Industries Ltd. (Israel).

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