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.
With the reliable Precision Medicine market report, the chances of loss can be reduced to a large extent. Before launching a product, potential problems can be identified and accordingly the solutions can be determined where the market report comes into picture. The research carried out after the launch of a new product can help to find loopholes and devise plans to counter that loss and increase the profits. Precision Medicine market research report needs to be adapted as they indicate research on a continual basis, which helps to keep up with the latest market trends and gain a competitive edge in the business market.
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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.
- 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
- 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
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Precision Medicine Market Developments
XIFIN, Inc announced the launch of VisualStrata in January 2019. This is a precise medicine information technology system which has the ability to curate and visualize clinical, medical, and financial data so they can manage the patient’s journey through diagnosis, care and results.
Konica Minolta, Inc. announced the launch of their new Konica Minolta Precision Medicine Japan, Inc. in September 2018. This new company will offer high-end precision medicine devices and testing services. To promote the production of tailored treatments, KMPMJ will provide tools to define and monitor disease-linked biomarkers and related services.
Segmentation: Global Precision Medicine Market
- Point-of-Care Testing
- Stem Cell Therapy
- Central Nervous System (CNS) Disorders
- Immunology Disorders
- Respiratory Disorders
- Aripiprazole lauroxil
By Route of Administration
By End Users
- Specialty Clinics
- North America
- South America
- Middle East & Africa
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Points to focus in the report
- The report offers market share appraisals for regional and global levels
- To gain detailed overview of parent market
- Information about key drivers, restraints, opportunities, and their impact analysis on the market size has been provided.
- The study provides an in-depth analysis of the global order management software market and current & future trends to elucidate imminent investment pockets.
- Analyze and forecast Precision Medicine market on the basis of type, function and application.
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