Precision Medicine Market Insights
The Precision medicine market was valued at USD 85.5 Billion in 2020, and it is expected to reach a value of USD 132.66 Billion by 2027, at a CAGR of 9.90% over the forecast period (2020 - 2027).
Precision medicine is based on a novel idea that states that, two persons infected with the same disease do not have to respond to the sickness in the same way physically. However, it is dependent on the patient's symptoms and the surrounding environment, as well as the impact of genes. Furthermore, it is dependent on the patients' capacity to respond to that specific condition, which allows physicians and researchers to plan the necessary therapy.
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Precision Medicine Market Segmental Analysis
The use of system biology and panomics to determine the cause of an individual patient's sickness at the molecular level is widespread in precision medicine. Following that, concentrated medicines are used to treat each patient's disease. Precision medicine has a number of benefits, including effective therapy that is tailored to the patient's requirements and illness category. Furthermore, precision medicine has the potential to lower treatment costs and minimize pharmaceutical administration.
Key players in Precision medicine market are:
- F. Hoffmann-La Roche AG
- Illumina, Inc.
- Thermo Fisher Scientific Inc.
- Qiagen
- Quest Diagnostics
- Laboratory Corporation of America Holdings
- Novartis AG
- AstraZeneca
- Bristol-Myers Squibb
- Eli Lilly And Company
Scope of the Report
The study provides an analysis of the Global Precision medicine Market in the emerging and established markets across the globe, including North America, Europe, Asia-Pacific, South America, and Middle East & Africa. For each segment, the market sizing and forecasts have been done on the basis of value.
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