LONDON, Nov. 30, 2021 (GLOBE NEWSWIRE) – According to The Business Research Company’s research report on the precision medicine market, the precision medicine market is expected to be supported by the emergence of new pathogenic infestations, thus stimulating the demand for genomic products. sequencing. The incidence of emerging / re-emerging infections due to new pathogens has significantly affected human health. Diseases such as SARS, Zika virus, Ebola and COVID-19 have increasingly infested various parts of the world, causing the global burden of disease to increase. Zoonotic infectious agents are estimated to constitute around 60% of known human pathogens and up to 75% of emerging human pathogens, driving the demand for animal microbe gene sequencing and supporting market growth.
The precision medicine market segments by technology are big data analytics, bioinformatics, gene sequencing, drug discovery, companion diagnostics and other technologies. The big data analytics market was the largest segment of the precision medicine market segmented by technology, representing 29.6% of the total in 2020. Going forward, the gene sequencing market should be the fastest growing segment in the precision medicine market segmented by technology, at a 11.1% CAGR during 2020-2025.
Huge end of year sale with discounts on ALL market research reports at The Business Research Company! Enter your business now.
The Business Research Company report titled Precision Medicine Global Market Report 2021 – By Technology (Big Data Analytics, Bioinformatics, Gene Sequencing, Drug Discovery, Companion Diagnostics), By Application (Oncology, Respiratory Diseases, Central Nervous System Disorders, Immunology, Genetic Diseases), By End User (Hospitals & Clinics, Pharmaceuticals, Diagnostic Companies, Healthcare & IT Companies), COVID-19 Growth And Change covers major precision medicine companies, medicine market share Precision Medicine by Company, Precision Medicine Manufacturers, Precision Medicine Market Size, and Precision Medicine Market Forecast. The report also covers the global precision medicine market and its segments.
Request for a sample of the world precision medicine market report:
The global precision medicine market is expected to grow by $ 62.75 billion in 2020 to $ 72.58 billion in 2021 at a compound annual growth rate (CAGR) of 15.7%. The growth is primarily driven by businesses resuming operations and adjusting to the new normal while recovering from the impact of COVID-19, which previously led to restrictive containment measures involving social distancing, the remote work and closure of business activities which resulted in operational challenges. The precision medicine market is expected to reach $ 118.32 billion in 2025 To 13% CAGR.
The pandemic has accelerated the need for personalized care and continued research in precision medicine. Companies in the market anticipate further revenue growth in the future. The pandemic has broadened the application and awareness of precision medicine in all healthcare, including vaccine development, improved blood testing methods, and others. Even as the impact of the COVID-19 pandemic begins to abate, efforts to expand precision medicine to all diseases will increase for the betterment of individuals. In addition, the growing awareness of genomic technologies driven by the COVID pandemic will continue, as the adoption of genome study for the treatment of patients in hospitals will remain even in the post-pandemic era. Genome sequencing will become the standard of care for cancer screens, prenatal and neonatal carrier screening, and tumor testing, accelerating the growth of precision medicine.
North America was the larger region in the precision medicine market, representing 34.9% of the total in 2020. It was followed by Asia-Pacific, then the other regions. In the future, the fastest growing regions in the precision medicine market will be Eastern Europe and North America where growth will be at CAGR of 12.1% and 11.3% respectively. These will be followed by Asia Pacific and the Middle East, where markets are expected to grow at CAGRs of 11.1% and 10.4% respectively.
Global Precision Medicine Market Report 2021 – Growth and Change COVID-19 is part of a series of new reports from The Business Research Company that provide insights into the Precision Medicine market, market analysis of the precision medicine and market size and growth forecast for the overall market, precision medicine market segments and geographies, precision medicine market trends, precision medicine market drivers, market restraints Precision Medicine Market, revenue, profiles and market share of key competitors of the Precision Medicine Market in over 1,000 industry reports, covering over 2,500 market segments and 60 geographies.
The report also gives an in-depth analysis of the impact of COVID-19 on the market. The reports are backed by 150,000 datasets, in-depth secondary research, and proprietary information from interviews with industry leaders. A team of highly experienced and expert analysts and modelers provide market analysis and forecast. The reports identify major countries and segments for opportunities and strategies based on market trends and approaches of major competitors.
Here is a list of similar reports from the trade research company:
Bioinformatics Global Market Report 2021 – By products and services (knowledge management tools, data analysis platforms, services), by application (metabolomics, molecular phylogenetics, transcriptomics, proteomics, chemoinformatics, genomics), by end users (pharmacy, animal study, agriculture, forensic sciences), growth and change of COVID-19
Global CRISPR Technology Market Report 2021 – By Product Type (Design Tools, Plasmid & Vector, Cas9 & G-RNA, Delivery System Products), By Application (Genome Editing / Genetic Engineering, Genetically Modified Organisms , agricultural biotechnology), by end user (industrial biotech, biological research, agricultural research, therapeutics and drug discovery), growth and change of COVID-19
Global Molecular Diagnostics Market Report 2020 – By Technology (Polymerase Chain Reaction (PCR), DNA Sequencing, Next Generation Sequencing), By Product (Instruments, Reagents & Consumables, Software & Services), By Application (oncology, pharmacogenomics, infectious diseases, Genetic tests, neurological diseases, cardiovascular diseases, microbiology), by end user (hospitals, laboratories)
Want to learn more about The Business Research Company?
The Business Research Company is a market intelligence company that excels in business, market and consumer research. With offices around the world, it has consultants who specialize in a wide range of industries, including manufacturing, healthcare, financial services, chemicals and technology.
Get a quick overview of our services here: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
The most comprehensive database in the world
The Business Research Company’s flagship product, Global Market Model, is a market intelligence platform covering various macroeconomic indicators and measures in 60 geographies and 27 industries. The global market model covers multi-layered data sets that help its users to assess the gaps between supply and demand.