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Precision Medicine Market 2020 By Revenue, Top Trend & Regional Growth Forecast

Author : Ronak Bora | Published Date : 2020-09-04 

Precision Medicine Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

Increasing patient pool and ongoing endeavors for drug developments are likely to incentivize precision medicine market in the coming years. Healthcare experts are prioritizing the approach of designing disease diagnosis & prevention based on genes and lifestyle of the patient. This approach helps doctors to predict the type of therapy and preventive measures required to treat the patient. Moreover, the adoption of advanced technologies, such as big data analytics will proliferate precision medicine industry share.

Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/671

According to a comprehensive research report published by Global Market Insights, Inc., precision medicine market size is expected to exceed USD 119 billion by 2026.

Changing lifestyle in the modern world is putting masses at a greater risk of developing life threatening disorders. Diseases such as asthma and COPD (chronic obstructive pulmonary disease) involve clinically complex as well as heterogenous process. The rising cases of respiratory disorders across the globe is prompting the development of novel biomarkers to further increase the efficiency of phenotypes for the treatment of airway diseases.

Developing of specific pharmacotherapies for cystic fibrosis that are based on patient genetics is another significant example of utilization of precision medicine in respiratory diseases. In 2019, gene therapy industry size for application in respiratory treatment generated a revenue of over USD 5 billion and is anticipated to witness a significant adoption over the coming years.

In order to manage huge amounts of complex data, healthcare facilities and providers are using big data analytics at large. Big data analytics is emerging as a promising tool for the healthcare sector amid rising cases of diseases and associated generation of health data, that is also expanding at a significant rate.

Big data allows combination of financial records, analytical databases and electronic health records. It enables physicians to predict epidemics, improve their practices, cure diseases well as improve the patient’s quality of life. The tools hold immense potential to transform healthcare provision and the preparation of precision drugs.

Widespread adoption of gene therapy will positively impact the precision medicine industry. Gene therapy prevents or treats diseases by acting on a genetic level. For example, gene therapy is able replace an inactive or a mutated gene and can even introduce a new gene that can further assist in treatment. In precision medicine, gene therapy cannot only be utilized to prevent a disease but also to predict the susceptibility of a disease and prescribe effective medication based on the genetics.

The International Agency for Research on Cancer reported approx. 1.4 million new cases of cancer in 2018. Expanding geriatric base along with rise in number of cancer cases in population has fueled the demand for personalized treatment and will favor precision medicine business growth. 

Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/precision-medicine-market

Partial Chapter of the Table of Content 

Chapter 4.  Precision Medicine Market, By Technology

4.1. Key segment trends

4.2. Big data analytics

4.2.1.  Market size, by region, 2015 – 2026 (USD Million)

4.3. Bioinformatics

4.3.1.  Market size, by region, 2015 – 2026 (USD Million)

4.4. Gene sequencing

4.4.1.  Market size, by region, 2015 – 2026 (USD Million)

4.5. Drug discovery

4.5.1.  Market size, by region, 2015 – 2026 (USD Million)

4.6. Companion diagnostics

4.6.1.  Market size, by region, 2015 – 2026 (USD Million)

4.7. Others

4.7.1.  Market size, by region, 2015 – 2026 (USD Million)

Chapter 5.  Precision Medicine Market, By Application

5.1. Key segment trends

5.2. Oncology

5.2.1.  Market size, by region, 2015 – 2026 (USD Million)

5.3. Immunology

5.3.1.  Market size, by region, 2015 – 2026 (USD Million)

5.4. Central Nervous System (CNS)

5.4.1.  Market size, by region, 2015 – 2026 (USD Million)

5.5. Respiratory

5.5.1.  Market size, by region, 2015 – 2026 (USD Million)

5.6. Others

5.6.1.  Market size, by region, 2015 – 2026 (USD Million)

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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