Title: Precision Medicine Market - Forecast (2023 - 2028)
1Precision Medicine MarketMarket size, Industry
outlook, Market Forecast, Demand Analysis, Market
Share, Market Report 2022-2027
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- Precision Medicine Market size is 113.76Bn in
2019, growing at a CAGR of 13.2 during the
forecast period 2020-2025. Precision medicine is
also called personalized medicine or
individualized medicine is an approach that
protects health and treat diseases taking into
account an individual variability in genes,
environment and lifestyle for every individual. - The increasing incidence of cancer has increased
the need for cancer therapies is rising with the
increasing number of cancer cases and deaths
caused by genetic cancerous tumors. Government
focusing on the drug development for the
reduction of cancer cases is the other major
factor driving growth.
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- Key Takeaways
- Increasing awareness amongst people for early
treatment of disease is set to propel the growth
of the market. - Increasing prevalence of cancer is the driving
factors for the growth of Precision Medicine
market. - Increased geriatric population with modernized
routine disorders aiding growth towards the
market. - Europe region is estimated to record the fastest
growth rate during the forecast period 2020-2025.
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Precision Medicine Market - Segment
Analysis In 2019, Oncology segment dominated the
Precision Medicine Market in terms of revenue is
estimated to grow at a CAGR of 11.2. Precision
medicine helps in the treatment of cancer
patients by including surgery, chemotherapy,
radiation therapy and immunotherapy depending on
the cancerous tumor cell size. Precision medicine
gives the information about genetic changes of
tumor in individuals which helps in deciding the
treatment procedures. Mepolizumab is an effective
medicine for breast and lung cancer abetting
towards the markets growth.
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- Precision Medicine Market Industry OutlookÂ
- Medtronic PLC,
- Pfizer Inc.,
- Novartis AG,
- Qiagen NV,
- Teva Pharmaceuticals,
- AstraZeneca plc.,
- Takeda Pharmaceutical Company Ltd.,
- Merck Co. Inc.,
- Teijin Pharma Ltd.
- Thermo Fisher Scientific Inc.
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2027) Learn More About the Report _at_
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-medicine-market.html
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