Precision Medicine (Diagnostics/Therapeutics) Market Analysis Report 2014-2025 By Application (Genetic Tests, Esoteric Tests, Pharmaceuticals, Medical Devices), & End Use - ResearchAndMarkets.com
The "Precision Medicine (Diagnostics/Therapeutics) Market Analysis Report By Application (Genetic Tests, Esoteric Tests, Pharmaceuticals, Medical Devices), By End Use, And Segment Forecasts, 2018 - 2025" report has been added to ResearchAndMarkets.com's offering.
The global precision medicine (diagnostics/therapeutics) market size is expected to reach USD 85.5 billion by 2025 at a 9.9% CAGR during the forecast period.
Trends such as introduction of cost-effective genomic and molecular biology testing methods, increasing prevalence of cancer and rare diseases, and rising use of big data in precision medicine are some of the key factors boosting market growth.
The Human Genome Project introduced some marvelous cutting-edge techniques such as whole genome sequencing and targeted sequencing. These technologies are being used by researchers for the study of genomes and creation of personalized therapies for treatment of various illnesses. Today, the prevalence of diseases in areas such as oncology, immunology, and neurology has rapidly increased across the globe.
Researchers, healthcare professionals, and big pharma and biotech companies are working together to recognize new focused treatments options for the wellbeing of patients. Currently, there are many therapies and drugs under clinical trials for treatment of different types of cancers. Moreover, researchers have also shown an inclination toward development of precision medicines and diagnostics in non-oncologic disease areas.
Apart from therapeutics, the diagnostics field has also witnessed rapid growth in the past few years. The use of next generation sequencing (NGS), biomarkers, companion diagnostics, and esoteric tests can possibly change and affect prescription patterns of pharmaceutical medicines. Personalized medicines have very high chances of becoming a massive success in the next 20 years and have the capacity to treat and cure a few obstinate illnesses, which was not possible before.
Key Topics Covered:
Chapter 1 Research Methodology
1.1 Information Procurement
1.2 Information or Data Analysis
1.3 Market Formulation & Validation
1.4 List of Secondary Sources
Chapter 2 Executive Summary
2.1 Market Summary
Chapter 3 Market Variables, Trends & Scope
3.1 Market Segmentation, Trends & Scope
3.1.1 Market driver analysis
188.8.131.52 Drop in the prices of molecular testing and genetic sequencing
184.108.40.206 Liquid biopsies emerging as the next big thing for detecting metastatic cancers
220.127.116.11 Increasing demand for precision medicine and diagnostic precision medicines in non-oncology areas.
18.104.22.168 Harnessing big data for improving preventive care
22.214.171.124 Advancements in NGS, companion diagnostics and biomarkers
3.1.2 Market restraint analysis
126.96.36.199 Hefty price tags associated with precision medicine
188.8.131.52 The cost associated with failure of clinical trials
184.108.40.206 Presence of non-value-based PM diagnostics reimbursement policy
3.2 Diagnostic and Therapeutic Precision Medicine Market - SWOT Analysis, By Factor (Political & Legal, Economic And Technological)
3.3 Industry Analysis - Porter's
Chapter 4 Market Categorization: By Application
4.1 Diagnostic And Therapeutic Precision Medicine Market: Application Movement Analysis
4.2.2 Genetic tests
4.2.3 Direct to consumer tests
4.2.4 Esoteric tests
4.2.5 Other tests
4.3.1 Global therapeutics market 2014 - 2025 (USD Billion)
220.127.116.11 Respiratory diseases
18.104.22.168 Skin diseases
22.214.171.124 CNS diseases
126.96.36.199 Genetic disorders
188.8.131.52 Other diseases and disorders
4.3.3 Medical devices
Chapter 5 Market Categorization: Diagnostic And Therapeutic Precision Medicine Market By End Use
5.1 Diagnostic And Therapeutic Precision Medicine Market: End Use Movement Analysis
5.2 Home Care
5.4 Clinical Labs
Chapter 6 Market Categorization: Diagnostic And Therapeutic Precision Medicine Market By Region
Chapter 7 Competitive Landscape
- F. Hoffmann-La Roche Ltd.-Foundation Medicine
- Siemens Healthineers
- Janssen Pharmaceuticals
- Quest Diagnostics Incorporated.
- 23andMe, Inc.
- NeoDiagnostix, Inc.,
- IBM Watson
- Myriad Genetics Inc.
- GE Healthcare
- Abbott Laboratories
- Dako A/S
- Precision Biologics Incorporated
- Qiagen Incorporated
For more information about this report visit https://www.researchandmarkets.com/research/5xrbsx/precision?w=4
View source version on businesswire.com: https://www.businesswire.com/news/home/20181116005231/en/