Precision Medicine Market share to see growth of 10.5% from 2017 to 2024

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Precision Medicine Market share to reach 96 Bn
by 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Precision Medicine Market

• One of the pivotal factors influencing precision
  medicine market size in recent times is the
  emerging approach for disease diagnosis
  prevention that is calculated based on the genes
  and lifestyle of a person.
• Considering the significant mark that this
  approach has made in the healthcare sector,
  precision medicine industry giants have been
  striving to exploit the potential of this
  technology to improve the accuracy of day-to-day
  healthcare.
• Recently for instance, The Michael J. Fox
  Foundation has collaborated with 23andMe and
  invested USD 4 million to construct a research
  facility for Parkinsons disease treatment using
  precision medicine.
• As of today, next generation sequencing (NSG)
  technologies have been making their mark in
  precision medicine industry, driven by reduced
  expenditure, understanding of the genetic
  know-how of diseases, and high throughput
  sequencing.
• Driven by the substantial adoption of NGS panels
  in precision medicine, U.S. accounted for the
  largest regional share of precision medicine
  market in 2016.

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Continued...

• The prevalence of NSG technologies may
  specifically have an impact on U.S. precision
  medicine market, given the vast expanse of the
  healthcare and medical research verticals across
  the region.
• Initiatives of a similar kind undertaken by
  governmental bodies across numerous geographies
  are likely to augment the overall precision
  medicine market.
• Speaking of which, NanoString Technologies,
  Novartis, Intomics, Biocrates Life Sciences,
  Tepnel Pharma Services, Roche, Silicon
  Biosystems, Ferrer InCode, Novartis, LabCorp,
  Quest Diagnostics, and Medtronic are some of the
  names that have been accumulating a commendable
  share of precision medicine industry.
• Research institutes have been giving substantial
  preference for precision medicine given that the
  technology helps diagnose children with cancer.
• According to a precision medicine market research
  report put together by Global Market Insights,
  Inc., this business vertical is slated surpass a
  revenue collection of USD 96 billion by the end
  of 2024.

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India Precision Medicine Market, By Technology,
2013 - 2024

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Table of Content
Chapter 1. Methodology 1.1. Methodology
1.1.1. Initial data exploration 1.1.2.
Statistical model and forecast 1.1.3. Industry
insights and validation 1.1.4. Market
definition and forecast parameters 1.2. Data
sources 1.2.1. Secondary 1.2.2.
Primary Chapter 2. Executive Summary 2.1.
Precision medicine industry 3600 synopsis, 2013 -
2024 2.1.1. Business trends 2.1.2.
Technology trends 2.1.3. Application
trends 2.1.4. Regional trends
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Table of Content
Chapter 3. Precision Medicine Industry
Insights 3.1. Industry segmentation 3.2.
Industry landscape, 2013 2024 3.3. Industry
impact forces 3.3.1. Growth drivers 3.3.1.1.
Advancement in cancer biology 3.3.1.2.
Rise in the online collaborative
forums 3.3.1.3. Increased adoption of gene
therapy 3.3.1.4. Advancements in big data
analytics 3.3.2. Industry pitfalls
challenges 3.3.2.1. High cost of precision
medicine 3.3.2.2. Violation of the privacy
rule and misinterpretation of genetic and health
data 3.4. Growth potential analysis 3.4.1. By
technology 3.4.2. By application
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Table of Content
3.5. Regulatory landscape 3.5.1. U.S 3.5.2.
Europe 3.6. Porters analysis 3.7. Competitive
landscape, 2016 3.7.1. Business
overview 3.7.2. Revenue analysis 3.7.3.
Product landscape 3.7.4. Strategy
dashboard 3.8. PESTEL analysis
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