New York, NY — 12/15/2017 — Precision medicine is an emerging approach to preventive health and for the treatment of disease. The approach allows doctors and physicians to study the individual response to a therapy. The approach studies the individual profile at a genetic level along with their lifestyle and environment. In January 2015, Precision Medicine Initiative (PMI) was announced to extend precision medicine to all diseases with more than one million volunteers. All of The Unified Shared Services Management, a data-driven enterprise supported research at the intersection of environment, lifestyle and genetics to treat disease and prolong health. Targeted cancer therapy, use of combination therapies and knowledge of drug resistance were some of the short term goals. While the long-term goal was to create a cohort of 1 million American volunteers to share genetic data, lifestyle information, biological samples which would be linked to the electronic health record. This would advance pharmacogenomics and lay a scientific foundation for precision medicine for many diseases.
The global precision medicine market, estimated to be worth around US$ 56 Bn by 2016 end, is expected to expand at an approximate CAGR of 14% over the forecast period of 2016–2024. North America accounted for largest market share and the net average net worth of the market was close to US$ 19 Bn in 2015 and is expected to expand at a CAGR of more than 13.5 % over the forecast period.
The global Precision Medicine market is segmented on the basis of expression system, product type, application, end user and region.
Based on application, the market has been segmented into multiple layers. Oncology, Immunology, Neurology, Cardiology, Infectious disease and others are some of the crucial streams of application segment. Oncology segment accounts for a significant share in terms of revenue of the total precision medicine market; however, immunology segment is anticipated to witness an impressive CAGR over the forecast period.
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Summary of Table of Content
1. Executive Summary
2. Market Introduction
3. Global Precision Medicine Market Analysis Scenario
4. Market Dynamics
5. Global Precision Medicine Market Analysis and Forecasts, By Technology
6. Global Precision Medicine Market Analysis and Forecasts, By Application
7. Global Precision Medicine Market Analysis and Forecasts, By Region
8. North America Precision Medicine Market Analysis and Forecast
9. Latin America Precision Medicine Market Analysis and Forecast
10. Europe Precision Medicine Market Analysis and Forecast
11. Asia Pacific Precision Medicine Market Analysis and Forecast
12. Middle East and Africa Precision Medicine Market Analysis and Forecast
13. Competition Landscape
14. Assumptions and Acronyms Used
15. Research Methodology
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