The new report by Expert Market Research titled, ‘Global Personalised Medicine Market Size, Share, Price, Trends, Growth, Report and Forecast 2021-2026’, gives an in-depth analysis of the global personalized medicine market, assessing the market based on its segments like technology, application, product, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Get a Free Sample Report with Table of Contents – https://www.expertmarketresearch.com/reports/personalized-medicine-market/requestsample
The key highlights of the report include:
Market Overview (2016-2026)
• Historical Market Size (2020): USD 1.8 Trillion
• Forecast CAGR (2021-2026): 11.2%
With the help of electronic health records, genetic testing, big data analytics, and supercomputing, modern physicians and scientists are engaging in truly precise and personalised medicine. Conditions such as cancer, neurodegenerative diseases, and rare genetic conditions can be treated well using the approach of personalised medicine. North America is likely to hold the largest market share for this market owing to increased integration of healthcare IT systems and developed DNA Sequencing technologies in the region. The growing incidence of cancer in the region is increasing the research and development of the impact of personalised medicines for cancer patients. In 2018, the FDA’s Center for Drug Evaluation and Research (CDER) authorized 59 novel molecular entities (NMEs), which include new medicines, agents, and therapeutic biologics. The Tailored Medicine Coalition (PMC) designated 25 of the 59 as personalized medications.
Industry Definition and Major Segments
Personalised medicine, also known as precision medicine, refers to the tailoring of medical treatment to the individual characteristics of the patient. This approach is based on each patient’s unique genetic makeup with an aim to overcome the limitations of traditional medicines. Personalised medicine segment involves decisions including, but not limited to, who should get certain kinds of therapies or specific doses of a given therapy.
Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/personalized-medicine-market
On the basis of technology, the market is segmented into:
• Big Data Analytics
• Gene Sequencing
• Drug Discovery
• Companion Diagnostics
Based on application, the market is divided into:
The market is divided into the following, basis product:
• PM Diagnostics
o Genetic Testing
o Direct-to-Consumer (DTC) Diagnostics
o Esoteric Lab Services
o Esoteric Lab Tests
• PM Therapeutics
o Genomic Medicine
o Medical Devices
• Personalised Medical Care
o Health Information Technology
o Disease Management
• Personalised Nutrition & Wellness
o Retail Nutrition
o Complementary Medicine
o Alternative Medicine
The major regional markets include:
• North America
• Latin America
• Middle East and Africa
Rapid increase in the number of sequencing methodologies, especially, NGS, which stands for Next Generation Sequencing, driven by the increasing sequencing costs and growing projects in the field of genomics are expected to fuel the surge of personalised medicine market. In addition, increasing incidence of diseases like cancer also demand personalised diagnosis and therapy solutions. This helps in improved outcomes through targeted treatments and reduced side-effects. Progress in research and clinical care combined with favourable government policies possesses great potential for the growth of personalised medicine market and will help improve the quality of treatment and contain health care costs.
Key Market Players
The major players in the market are Illumina Inc., GE Healthcare, Pfizer Inc., Asuragen Incorporated, Novartis AG, Abbott Laboratories, Dako A/S, Exact Science Corporation, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
Global Earphones and Headphones Market: https://www.expertmarketresearch.com/reports/earphones-and-headphones-market-report
Global Dump Truck Market: https://www.expertmarketresearch.com/reports/dump-truck-market
Global Dodecanedioic Acid Market: https://www.expertmarketresearch.com/reports/dodecanedioic-acid-market
Global Direct Thermal Ticket Paper Market: https://www.expertmarketresearch.com/reports/direct-thermal-ticket-paper-market
Global Digital Signature Market: https://www.expertmarketresearch.com/reports/digital-signature-market
Global Digital Patient Monitoring Devices Market: https://www.expertmarketresearch.com/reports/digital-patient-monitoring-devices-market
Global Digital OOH Market: https://www.expertmarketresearch.com/reports/digital-ooh-market
Global Digital Map Market: https://www.expertmarketresearch.com/reports/digital-map-market
Global Data Centre Security Solutions Market: https://www.expertmarketresearch.com/reports/data-center-security-solutions-market
Global Data Centre Network Infrastructure Market: https://www.expertmarketresearch.com/reports/data-center-network-infrastructure-market
Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.
Informes de Expertos (https://www.informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.
Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.
To get more insights on the topic, click here: https://expertmarketresearch-emr.blogspot.com/
Also, Check Procurement Intelligence which provides you Infallible research solutions.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.