Uncategorized

Precision Medicine Market Report 2021: Size, Share, Latest Development, Trends, Top Key Players and Outlook 2028

Precision Medicine Market

All the market insights of the report are structured on a worldwide, regional and country basis. The report deals with the new business challenges and investment research on Precision Medicine Market which includes market attributes, industry structure, and competitive scenario, the problems, desire concepts, together with business strategies and market effectiveness. This is the meticulous market research report which studies the challenges, market structures, opportunities, driving forces, and competitive landscape of your business. The report offers an in-depth investigation of the market driving factors, opportunities, restraints and challenges for obtaining the crucial insight of the market.

Market Analysis: Global Precision Medicine Market

Global Precision Medicine Market to grow with a substantial CAGR in the forecast period of 2019-2026. Growing prevalence of cancer worldwide and accelerating demand of novel therapies to prevent of cancer related disorders are the key factors for lucrative growth of market

Get a Free Sample Report @ http://databridgemarketresearch.com/request-a-sample/?dbmr=global-precision-medicine-market

Market Definition: Global Precision Medicine Market

Precision medicines is also known as personalized medicines is an innovative approach to the patient care for disease treatment, diagnosis and prevention base on the person’s individual genes. It allows doctors or physicians to select treatment option based on the patient’s genetic understanding of their disease.

According to the data published in PerMedCoalition, it was estimated that the USFDA has approved 25 novels personalized medicines in the year of 2018. These growing approvals annually by the regulatory authorities and rise in oncology and CNS disorders worldwide are the key factors for market growth.

Market Drivers

  • Vulnerable oncology patients worldwide is driving the market growth
  • Growing approval of personalized medicines from the regulatory authorities acts as a market driver
  • Advancing in the field and emerging innovation to established an approach for treating many disease by personalized medicines is accelerating the market growth
  • On-going clinical trials yields promising results of personalized medicines which in turns boost the health care industries is also enhancing the market growth

Market Restraints

  • Substantial applications due to lack of research particularly in the area of scientific discovery is restraining the growth of this market
  • Lack of government initiatives and reimbursement polices restricts the market growth
  • Scientific and technological challenges to develop the personalized medicines is also hampering the market growth

Segmentation: Global Precision Medicine Market

By Application

  • Diagnostics
  • Therapeutics
  • Others

By Technologies

  • Pharmacogenomics
  • Point-of-Care Testing
  • Stem Cell Therapy
  • Pharmacoproteomics
  • Others

By Indication

  • Oncology
  • Central Nervous System (CNS) Disorders
  • Immunology Disorders
  • Respiratory Disorders
  • Others

By Drugs

  • Alectinib
  • Osimertinib
  • Mepolizumab
  • Aripiprazole lauroxil
  • Others

By Route of Administration

  • Oral
  • Injectable

 By End Users

  • Hospitals
  • Homecare
  • Specialty Clinics
  • Others

Key Developments in the Market:

  • In March 2019, Neon Therapeutics, Inc. reported the data for NEO-PV-01, a novel personalized cancer vaccine to be developed in a combination with nivolumab that targeting neoantigens and kills cancer cells that trial demonstrated clinical benefits. The NEO-PV-01 is currently in phase I/II clinical trial, if successful it will provide patients with more effective personalized medicines treatment options
  • In September 2016, BioNTech AG and Genentech, Inc. has entered into research collaboration for the development of messenger RNA (mRNA)-based, individualized cancer vaccines for the treatment of broad range of cancer. As per the deal, BioNTech AG received USD 310 million as an upfront payment and eligible to receive milestone payment. This collaboration will provide cancer patients with novel-disease specific treatment options

Competitive Analysis:

Global precision medicine market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of global precision medicine market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Market Players:

Few of the major competitors currently working in the global precision medicine market are Neon Therapeutics, Moderna, Inc, Merck & Co., Inc, Bayer AG, PERSONALIS INC, GENOCEA BIOSCIENCES, INC., F. Hoffmann-La Roche Ltd, CureVac AG, CELLDEX THERAPEUTICS, BIONTECH SE, Advaxis, Inc, GlaxoSmithKline plc, Bioven International Sdn Bhd, Agenus Inc., Immatics Biotechnologies GmbH, Immunovative Therapies, Bristol-Myers Squibb Company, Gritstone Oncology, NantKwest, Inc among others.

Get a  Detail TOC @ http://databridgemarketresearch.com/toc/?dbmr=global-precision-medicine-market

Key Pointers Covered in the Precision Medicine Market Industry Trends and Forecast to 2026

  • Precision Medicine Market Size
  • Precision Medicine Market New Sales Volumes
  • Precision Medicine y Market Replacement Sales Volumes
  • Precision Medicine Installed Base
  • Precision Medicine Market By Brands
  • Precision Medicine Market Procedure Volumes
  • Precision Medicine Market Product Price Analysis
  • Precision Medicine Market Shares in Different Regions
  • Precision Medicine Recent Developments for Market Competitors
  • Precision Medicine Market Upcoming Applications
  • Precision Medicine Market Innovators Study

 

Reasons to Purchase this Report

  • Current and future of global precision medicine market outlook in the developed and emerging markets
  • The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
  • Regions/Countries that are expected to witness the fastest growth rates during the forecast period
  • The latest developments, market shares, and strategies that are employed by the major market players

 

About Data Bridge Market Research:

Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.

Contact:

 

Data Bridge Market Research

Tel: +1-888-387-2818

Email: Sales@databridgemarketresearch.com

Back to top button