The global precision medicine market size is expected to reach around US$ 84 Bn by 2026 and is anticipated to grow at a CAGR of around 10% in terms of revenue during the forecast period 2019 to 2026.
Precision medicine is an approach to patient care that enables physicians to choose medicines that assist patients to understand their disease genetically. This can also be called custom medicine. The report provides analysis of global precision medicine market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.
Market Dynamics
The development of private medical devices and the inclusion of intelligent techniques in the health care scheme, the industry of precision medicine is gaining priority among the masses. Moreover, the steady growth in the industry of precision medicine is helped by growing alliances among multiple players in the ecosystem. Increasing demand for customized therapy, technological innovation and progress (including biomarker-based tests, next-gene sequencing and accurate imaging), public assistance and laws have led to development in the precision medicine markets. The development of the precision medicine industry is sustained in government regulations and standards. The primary objective of these regulations is to enhance the adaptability of precision drugs to genetic diseases linked, amongst others, to oncology, skin, respiratory, central nervous systems, cardiovascular and infectious disease. In addition, enhancing efficiencies of the health systems will have a beneficial effect on the development of the therapy company in a personalized manner. The benefits of precision medicine and therapy include patient targeting, optimal dosing, avoidance, early intervention, and negative events avoidance. This will promote the demand for precision development in medicines. However, elevated costs of precision medicine could hinder market development amid the forecast period.
Regional Stance
The growing investment in the US for precision medicine, growing implementation of leading-the-line techniques and a favorable legal climate through public grants and projects are the variables that assist drive the regional markets. North America is leading the precision medicine industry. In addition, the increased incidence of respiratory and oncologic conditions due to changing lifestyles is the main driver of market demand. The development of companies will be spurred by higher health care spending and the existence of significant players in North America.
Europe held the considerable share in the global precision medicine market and is projected to grow at a steady growth rate during the forecast timeframe. The growing use of accurate diagnostic instruments, electronic health records, and medicines prescribed especially for illness are anticipated to increase market development in this region. Furthermore, European businesses focus on fusions and acquisitions that are supposed to promote the development of the industry.
Asia-Pacific to grow at a highest CAGR amid the projected time span owing to surge in incidence of cancer and increase in ageing population susceptible to disease is expected to boost the demand of precision medicines. Government initiative & grants and private companies investing in R&D of precision medicines is expected to boost the market growth. Moreover, advances in technology for sequencing. Furthermore, Asia Pacific existence of a big patient pool along with increased R&D investment will speed up the development of personalized medicine businesses.
The precision medicine market in Latin America is being propelled by development of health care infrastructure, population growth, and the biotechnology industry boom. Whereas, factors such as lack of awareness of health are projected to be steadily increasing this will help Latin America to gain momentum in near future.
The Middle East & Africa head gain a considerable share in the global precision medicine market. However, due to high investments by private players in the Middle East countries, the market is expected to be growing. Moreover, the increasing prevalence of cancer and increased government initiatives in the area to improve healthcare contribute to market development.
In Africa due to strong policies of the government and poor economies, Africa has the least share of the global market for precision medicine. On the other hand, the growing awareness related to the healthcare sector in the stable countries like Botswana, Ghana in Africa is gaining momentum in terms of development. This, in turn, encourages the precision medicine market participants to expand their footprint and tap new customer segments in key African countries.
Report Coverage
The market research study on “Precision Medicine Market (By Technology: Big Data Analytics, Bioinformatics, Gene Sequencing, Drug Discovery, Companion Diagnostics, Other; By Application: Oncology, Immunology, CNS, Respiratory; End Use: Home care, Hospitals, Clinical Laboratories, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026” offers a detailed insights on the global precision medicine market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global Precision Medicine market, its technology, application, end use, and major geographic regions. The report covers global Precision Medicine market size, and segment markets by technology, application, end use, and geography along with the information on companies operating in the market. The precision medicine market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report.
The global precision medicine market is segmented as below:
Market Segmentation
Precision Medicine Market By Technology
- Big Data Analytics
- Bioinformatics
- Gene Sequencing
- Drug Discovery
- Companion Diagnostics
- Others
Precision Medicine Market By Application
- Oncology
- Immunology
- CNS
- Respiratory
Precision Medicine Market By End Use
- Home care
- Hospitals
- Clinical Laboratories
- Others
Precision Medicine Market By Geography
- North America
- Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of MEA
Key Players
Major players include in this report are Tepnel Pharma Services, Novartis, Qiagen, Biocrates Life Sciences, NanoString Technologies, Roche, Pfizer, Eagle Genomics, Quest Diagnostics, Menarini Silicon Biosystems, Intomics, and Teva Pharmaceutical and Others.
Table Of Content
CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Precision Medicine
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Precision Medicine Market By Technology
1.2.2.1. Global Precision Medicine Market Revenue and Growth Rate Comparison By Technology (2015-2026)
1.2.2.2. Global Precision Medicine Market Revenue Share By Technology in 2018
1.2.2.3. Big Data Analytics
1.2.2.4. Bioinformatics
1.2.2.5. Gene Sequencing
1.2.2.6. Drug Discovery
1.2.2.7. Companion Diagnostics
1.2.2.8. Others
1.2.3. Precision Medicine Market By Application
1.2.3.1. Global Precision Medicine Market Revenue and Growth Rate Comparison By Application (2015-2026)
1.2.3.2. Oncology
1.2.3.3. Immunology
1.2.3.4. CNS
1.2.3.5. Respiratory
1.2.4. Precision Medicine Market By End Use
1.2.4.1. Global Precision Medicine Market Revenue and Growth Rate Comparison By Application (2015-2026)
1.2.4.2. Home care
1.2.4.3. Hospitals
1.2.4.4. CBM
1.2.4.5. Clinical Laboratories
1.2.4.6. Others
1.2.5. Precision Medicine Market By Geography
1.2.5.1. Global Precision Medicine Market Revenue and Growth Rate Comparison by Geography (2015-2026)
1.2.5.2. North AmericaPrecision Medicine Market Revenue and Growth Rate(2015-2026)
1.2.5.3. EuropePrecision Medicine Market Revenue and Growth Rate(2015-2026)
1.2.5.4. Asia-PacificPrecision Medicine Market Revenue and Growth Rate(2015-2026)
1.2.5.5. Latin AmericaPrecision Medicine Market Revenue and Growth Rate(2015-2026)
1.2.5.6. Middle East and Africa (MEA)Precision Medicine Market Revenueand Growth Rate(2015-2026)
CHAPTER 2. MARKET DYNAMICSAND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2018
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players
CHAPTER 3. MANUFACTURING PLANTS ANALYSIS
3.1. Capacity and Commercial Production Date of Global Precision Medicine Major Manufacturers in 2018
3.2. Manufacturing Plants Distribution of Global Precision Medicine Major Manufacturers in 2018
3.3. R&D Status and Technology Source of Global Precision Medicine Major Manufacturers in 2018
3.4. Raw Materials Sources Analysis of Global Precision Medicine Major Manufacturers in 2018
CHAPTER 4. PRECISION MEDICINE MARKET BY TECHNOLOGY
4.1. Global Precision Medicine Revenue By Technology
4.2. Big Data Analytics
4.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.3. Bioinformatics
4.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.4. Gene Sequencing
4.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.5. Drug Discovery
4.5.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.5.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.6. Companion Diagnostics
4.6.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.6.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.7. Others
4.7.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.7.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 5. PRECISION MEDICINE MARKET BY APPLICATION
5.1. Global Precision Medicine Revenue By Application
5.2. Oncology
5.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.3. Immunology
5.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.4. CNS
5.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.5. Respiratory
5.5.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.5.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 6. PRECISION MEDICINE MARKET By End Use
6.1. Global Precision Medicine Revenue By End Use
6.2. Home care
6.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.3. Hospitals
6.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.4. Clinical Laboratories
6.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.5. Others
6.5.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.5.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 7. NORTH AMERICA PRECISION MEDICINE MARKET BY COUNTRY
7.1. North America Precision Medicine Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.2. North America Precision Medicine Market Revenue Share Comparison, 2015 & 2026 (%)
7.3. U.S.
7.3.1. U.S. Precision Medicine Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
7.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
7.3.3. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
7.4. Canada
7.4.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
7.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
7.4.3. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
CHAPTER 8. EUROPE PRECISION MEDICINE MARKET BY COUNTRY
8.1. Europe Precision Medicine Market Revenue and Growth Rate, 2015 - 2026 ($Million)
8.2. Europe Precision Medicine Market Revenue Share Comparison, 2015 & 2026 (%)
8.3. UK
8.3.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
8.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.3.3. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
8.4. Germany
8.4.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
8.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.4.3. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
8.5. France
8.5.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
8.5.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.5.3. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
8.6. Spain
8.6.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
8.6.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.6.3. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
8.7. Rest of Europe
8.7.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
8.7.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.7.3. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
CHAPTER 9. ASIA-PACIFIC PRECISION MEDICINE MARKET BY COUNTRY
9.1. Asia-Pacific Precision Medicine Market Revenue and Growth Rate, 2015 - 2026 ($Million)
9.2. Asia-Pacific Precision Medicine Market Revenue Share Comparison, 2015 & 2026 (%)
9.3. China
9.3.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
9.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.3.3. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
9.4. Japan
9.4.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
9.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.4.3. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
9.5. India
9.5.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
9.5.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.5.3. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
9.6. Australia
9.6.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
9.6.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.6.3. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
9.7. South Korea
9.7.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
9.7.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.7.3. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
9.8. Rest of Asia-Pacific
9.8.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
9.8.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.8.3. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
CHAPTER 10. LATIN AMERICA PRECISION MEDICINE MARKET BY COUNTRY
10.1. Latin America Precision Medicine Market Revenue and Growth Rate, 2015 - 2026 ($Million)
10.2. Latin America Precision Medicine Market Revenue Share Comparison, 2015 & 2026 (%)
10.3. Brazil
10.3.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
10.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
10.3.3. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
10.4. Mexico
10.4.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
10.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
10.4.3. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
10.5. Rest of Latin America
10.5.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
10.5.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
10.5.3. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
CHAPTER 11. MIDDLE EAST & AFRICA PRECISION MEDICINE MARKET BY COUNTRY
11.1. Middle East & Africa Precision Medicine Market Revenue and Growth Rate, 2015 - 2026 ($Million)
11.2. Middle East & Africa Precision Medicine Market Revenue Share Comparison, 2015 & 2026 (%)
11.3. GCC
11.3.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
11.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
11.3.3. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
11.4. South Africa
11.4.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
11.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
11.4.3. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
11.5. Rest of Middle East & Africa
11.5.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
11.5.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
11.5.3. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
CHAPTER 12. COMPANY PROFILE
12.1. Tepnel Pharma Services
12.1.1. Company Snapshot
12.1.2. Overview
12.1.3. Financial Overview
12.1.4. Type Portfolio
12.1.5. Key Developments
12.1.6. Strategies
12.2. Novartis
12.2.1. Company Snapshot
12.2.2. Overview
12.2.3. Financial Overview
12.2.4. Type Portfolio
12.2.5. Key Developments
12.2.6. Strategies
12.3. Qiagen
12.3.1. Company Snapshot
12.3.2. Overview
12.3.3. Financial Overview
12.3.4. Type Portfolio
12.3.5. Key Developments
12.3.6. Strategies
12.4. Biocrates Life Sciences
12.4.1. Company Snapshot
12.4.2. Overview
12.4.3. Financial Overview
12.4.4. Type Portfolio
12.4.5. Key Developments
12.4.6. Strategies
12.5. NanoString Technologies
12.5.1. Company Snapshot
12.5.2. Overview
12.5.3. Financial Overview
12.5.4. Type Portfolio
12.5.5. Key Developments
12.5.6. Strategies
12.6. Roche
12.6.1. Company Snapshot
12.6.2. Overview
12.6.3. Financial Overview
12.6.4. Type Portfolio
12.6.5. Key Developments
12.6.6. Strategies
12.7. Pfizer
12.7.1. Company Snapshot
12.7.2. Overview
12.7.3. Financial Overview
12.7.4. Type Portfolio
12.7.5. Key Developments
12.7.6. Strategies
12.8. Eagle Genomics
12.8.1. Company Snapshot
12.8.2. Overview
12.8.3. Financial Overview
12.8.4. Type Portfolio
12.8.5. Key Developments
12.8.6. Strategies
12.9. Quest Diagnostics
12.9.1. Company Snapshot
12.9.2. Overview
12.9.3. Financial Overview
12.9.4. Type Portfolio
12.9.5. Key Developments
12.9.6. Strategies
12.10. Menarini Silicon Biosystems
12.10.1. Company Snapshot
12.10.2. Overview
12.10.3. Financial Overview
12.10.4. Type Portfolio
12.10.5. Key Developments
12.10.6. Strategies
12.11. Intomics
12.11.1. Company Snapshot
12.11.2. Overview
12.11.3. Financial Overview
12.11.4. Type Portfolio
12.11.5. Key Developments
12.11.6. Strategies
12.12. Teva Pharmaceutical
12.12.1. Company Snapshot
12.12.2. Overview
12.12.3. Financial Overview
12.12.4. Type Portfolio
12.12.5. Key Developments
12.12.6. Strategies
12.13. Others
12.13.1. Company Snapshot
12.13.2. Overview
12.13.3. Financial Overview
12.13.4. Type Portfolio
12.13.5. Key Developments
12.13.6. Strategies
CHAPTER 13. RESEARCH APPROACH
13.1. Research Methodology
13.1.1. Initial Data Search
13.1.2. Secondary Research
13.1.3. Primary Research
13.2. Assumptions and Scope
