The creation of bioinformatics tools and applications would promote the production of immunotherapy and thus boost the study of microbiomes, thus advancing the area of precision medicine. Besides, the development of high-throughput technologies such as next-generation sequencing and microarray will pave the way for market growth in bioinformatics, which will further drive market demand in the coming years.

Key Highlights From The Report

Based on technology, drug discovery is projected to grow with a CAGR of 9.8% in the forecast period, due to the growing emphasis of bio-pharmaceutical players on developing precision medicine for treating diseases, including cancer, which will further boost the market growth.
The diagnostic companies expected to grow with a CAGR of 10.4% in the forecasted period, owing to a wide variety of applications for which big players in the precision medicine industry are engaged in various investment programs.
The oncology application is the major contributor to the Precision Medicine Market. The segment is growing due to the rising frequency and prevalence of cancer worldwide, which will intensify the demand for precision medicine as an essential form of therapy coupled with developing tailored treatments for patients with cancer dependent on their genetic makeup over traditional chemotherapy.
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Competitor Analysis:

Furthermore, the report also assesses the market based on market reach and consumer base in the key geographical regions of the world. The report also provides an extensive analysis of the key players with regards to their market size, market share, sales volume, production and consumption rate, expansion strategies, and overall competitive scenario. The key players profiled in the report are Biocrates Life Sciences, Tepnel Pharma Services, Menarini Silicon Biosystems, NanoString Technologies, Quest Diagnostics, Qiagen, Teva Pharmaceutical, Eagle Genomics, Novartis, and Pfizer, among others.

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The research study presents an industry-wide summary of the Precision Medicine market, including drivers, constraints, technological advancements, product developments, limitations, growth strategies, growth prospects, etc. among others. The report analyzes the market based on different categories, such as product types, end-user applications, and leading geographical regions.

Segmental Analysis:

The report provides an in-depth analysis of the key competitors operating in the industry. The report offers insights into their product portfolio, business overview, financial standing, market position, revenue generation, market share and market size, and production and manufacturing capacity along with pricing analysis.

Technology Outlook (Revenue: USD Billion; 2017-2027)
Big Data Analytics
Bioinformatics
Gene Sequencing
Drug Discovery
Companion Diagnostics
Others
End-Use Outlook (Revenue: USD Billion; 2017-2027)
Pharmaceutical Companies
Diagnostic Companies
Healthcare IT companies
Others
Application Outlook (Revenue: USD Billion; 2017-2027)
Oncology
Immunology
CNS
Respiratory
Others
Regional Analysis:

The report mainly focuses on the key market regions where the market is spread, including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The report further focuses on the key segments of the market, such as product types, application spectrum, technology, end-user industries, among others.

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