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(Medical-NewsWire.com, November 12, 2017 ) Market Overview:
Precision medicine is an upcoming disease treatment approach which is devised based on individual variability in genes, environment, and lifestyle for each person. Often the term is used interchangeably with personalized medicine, however, precision medicine is not the same as simple individualized medicine, but rather a medicine mode which combines standardization with individualization. The benefit rendered by such a treatment approach is the accurate prediction of the treatment and prevention strategies for a particular disease will work in particular groups of people. The standard medicines available in the market, often present the limitation of a one-size fits-all approach, which may not be suitable for every individual due to genetic differences. Precision medicine is an answer to this limitation. Precision medicine is a completely new concept and technology which has been gaining momentum in the past few years, and by doing so, has become a promising domain for business investment for major pharmaceutical companies. Precision medicine makes possible the diagnosis and treatment of diseases by relying on genomics and specific biomarker techniques.
Precision medicine is an emerging approach for disease treatment and prevention that takes into account individual variability in genes, environment, and lifestyle for each person. It is a combination of molecular biology techniques and systems biology. Precision medicine is one of the greatest opportunities for new medical breakthroughs.
Market Growth Strength:
Big data analytics market size will witness robust growth over the forecast timeframe. Rising usage of electronic health records, development of various big data platforms utilising genetic information of patients along with increasing efforts of collaborative forums launching events and initiatives will boost the global precision medicine market growth in the future.
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Global Precision Medicine market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including:
Johnson & Johnson, IBM, GE Healthcare, Illumina, Roche, Laboratory Corporation of America Holdings, Thermo Fisher Scientific, Novartis, Abbott Laboratories, Almac Group, Intel Corporation, Biomrieux Sa, Cepheid, Qiagen, Randox Laboratories
Study Objective of Precision Medicine Market
To analyze the global Precision Medicine market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.
To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, APAC, and Rest of the World (ROW)
To provide detailed analysis of the market structure along with forecast for the next 5 years of various segments and sub-segments of the global Precision Medicine market
To provide insights about factors affecting the market growth
To provide country level analysis of the market with respect to the current market size and future prospective
To provide country level analysis of the market for segment by Material, Type, Function, Application and Region.
To provide strategic profiling of the key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Precision Medicine market
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On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Precision Medicine in these regions, from 2012 to 2022 (forecast), covering
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