Precision Medicine Market Aggrandizes; at a 12.48% of CAGR by 2022; Asserts MRFR

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Pune, India — 11/14/2017 — The Worldwide Precision Medicine Market is growing with the rapid pace; mainly due the burgeoning Healthcare Sector. According to a recent study report published by the Market Research Future, The World Precision Medicine Market is booming and expected to gain prominence over the forecast period. The Market is forecasted to demonstrate a huge growth by 2022, surpassing its previous growth records in terms of value & volume. The World Precision Medicine Market research report was valued at $38.92 billion in 2015, and is expected to reach $88.64 billion by 2022. Thus the market is expected to perform a growth at a CAGR of 12.48% from 2015 to 2022.

Market Research Future published new report, titled “Precision Medicine Market -Research Report: World Forecast to 2022″.

The Worldwide Precision Medicine Market report explores the Top Key Players in-depth analysis as; Abbott Laboratories, Almac Group, Ltd., Asuragen, Inc., Biomérieux Sa, Cepheid Inc., Cetics Healthcare Technologies Gmbh, Ge Healthcare, Glaxosmithkline Plc, Johnson & Johnson, Laboratory Corporation Of America Holdings, Medtronic, Novartis, Pfizer Inc., Qiagen, Biobase Gmbh, Quest Diagnostics Inc, Randox Laboratories Ltd., Sanofi Pharma, Takeda Pharmaceutical Company Limited, Teva Pharmaceutical Industries Ltd., Ab-Biotics Sa, Caris Life Sciences, Healthcore, Inc., Ibm, Innventis, Intel Corporation, Molecular Health Gmbh, Precision For Medicine

Market Synopsis of World Precision Medicine Market:

World Precision Medicine Market refers to medicines developed as per an individual's genetic profile that helps as a guide for the prevention, diagnosis and treatment of diseases. The major market driving factor for precision medicine are patient's involvement in personal healthcare, integration of wireless technologies with portable healthcare devices, and increase in genetic diseases (due to mutation, UV rays) among others.

The market constraints include potential threat to personal data, high diagnostic cost as a barrier, potential risk of hardware or software failure, stringent regulations and standards, lack of awareness about the possible applications of precision medicine, reimbursement policies and regulatory framework, limited knowledge about the application of test and techniques, lack of research and evidences creating hindrances in its application. World Precision Medicine Market research report has been segmented on the basis of ecosystem, sub-market, therapeutics and region.

Regional Analysis:

Worldly North America is the largest market for World Precision Medicine Market research report. Europe is the second-largest market for World precision medicine. The near future market for precision medicine will be dominated by the developed regions with developing regions providing a supporting role only. However the developing regions market particularly Asia Pacific will be the fastest growing and is likely to be the key to the future.

The report for World Precision Medicine Market research report of Market Research Future comprises extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different markets segments and regions.

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Table of Contents

1 Report Scope

1.1 Scope of the Study

1.2 Precision Medicine: Report Coverage

1.3 Research Methodology

1.3.1 Research Methodology for the World Market Study

1.3.1.1 Geographical Analysis

1.3.1.2 Demand Side & Supply Side Analysis

1.3.1.3 Data Synthesis and Bridging

1.3.2 World Precision Medicine: Research Methodology

1.3.3 Key Data Point Sources

1.3.3.1 Data Points Taken From Secondary Sources

1.3.3.2 Data Points Taken From Primary Sources

1.4 Report Description

2 Executive Summary

3 Market Overview

3.1 Introduction

3.2 Market Timeline

3.3 Key Participants, Strategies & Developments

3.3.1 Government Agencies

3.3.2 Academic Institutions

3.3.3 Device & Service Providers

3.4 Key Market Strategies and Developments

3.4.1 Introduction

3.4.2 Partnerships, Agreements, and Collaborations

3.4.3 Mergers & Acquisitions

3.4.4 Product Development and Launch

3.4.5 Business Expansion/Contracts

3.4.6 Patents, Approvals and Certifications

3.4.7 Others (Events & Recognitions)

4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.2.1 Patients Involvement in Personal Healthcare

4.2.2 Technologies Driving the Market (E.G. Next-Generation Sequencing Technologies, Ultra-High Throughput Sequencing)

4.2.3 Increase in Genetic Diseases

4.2.4 Potential for More Targeted Therapies

4.2.5 Integration of Big Data Healthcare Companies with Pharma & Biotech Companies

4.3 Market Challenges

4.3.1 Potential Threat to Personal Data

4.3.2 High Diagnostic Cost as a Barrier

4.3.3 Potential Risk of Hardware or Software Failure

4.3.4 Stringent Regulations and Standards

4.3.5 Lack of Awareness about the Possible Applications of Precision Medicine

4.3.6 Reimbursement Policies and Regulatory Framework

4.3.7 Limited Knowledge about the Application of Test and Techniques

4.3.8 Lack of Research and Evidences Creating Hindrances in Its Application

4.4 Market Opportunities

4.4.1 Introduction of Precision Medicine Solutions in Developing Economies

4.4.2 Downsizing the Cost of Genome Sequencing To Three Digits

5 Industry Dynamics

5.1 Value Chain Analysis

5.1.1 Device Manufacturer & Drug Producers

5.1.2 Healthcare Providers

5.1.3 Healthcare Its or Big Data Companies

5.1.4 Regulators

5.1.5 Third Party Payers

5.1.6 Patients

5.2 Porter Five Force Analysis

5.2.1 Bargaining Power of Buyer (Patient)

5.2.2 Bargaining Power of Supplier

5.2.3 Threat from Substitute

5.2.4 Threat from a New Entrant

5.2.5 Intensity of Competitive Rivalry

…CONTINUED

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About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for World, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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Brad Bennett

Brad Bennett

Brad grew up in a small town in northern Iowa. He studied chemistry in college, graduated, and married his wife one month later. They were then blessed with two baby boys within the first four years of marriage. Having babies gave their family a desire to return to the old paths – to nourish their family with traditional, homegrown foods; rid their home of toxic chemicals and petroleum products; and give their boys a chance to know a simple, sustainable way of life. They are currently building a homestead from scratch on two little acres in central Texas. There’s a lot to be done to become somewhat self-sufficient, but they are debt-free and get to spend their days living this simple, good life together with their five young children.
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