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(MoneyNewsWire.Net, October 26, 2017 ) According to the report Global Precision Medicine market, published by Market Data Forecast, the Market has been estimated at USD 40.5 Billion in 2016 and is projected to reach USD 69.8 Billion by 2021, at a CAGR of 11.5% during the forecast period from 2016 to 2021. 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 will enable a new era of medicine in which researchers, providers, and patients work together to develop individualized care.
The market for Precision Medicine is mainly driven due to increased global incidence of cancer and rise in cancer susceptible aging population, increasing demand for personalized treatment, technological innovation and advancements and increasing efforts to characterize genes. But, the market growth is hampered due to threats associated with sharing of patients genetic data and declining trends in FDA pharmacotherapy approval rate.
Browse market data tables and in-depth TOC of the Global Precision Medicine Industry to 2021 @http://www.marketdataforecast.com/market-reports/global-precision-medicine-market-1475/
Precision Medicine Market Segmentation by Technology, Application and Region
1. By Technology
Big Data Analytics
Bioinformatics
Gene Sequencing
Drug Discovery
Companion Diagnostics and Others
2. By Application
Oncology
CNS
Immunology
Respiratory and Others
3. By Region
North America
Asia Pacific
Latin America
Europe
Middle East and Africa
Free sample of the report is available @ http://www.marketdataforecast.com/market-reports/global-precision-medicine-market-1475/request-sample
Pfizer, Roche, Covance, Novartis, Qiagen, Biocrates Life Sciences, Teva Pharmaceutical, Nanostring Technologies, Laboratory Corporation of America Holdings, Tepnel Pharma Services, Intomics, Ferrer InCode, Silicon Biosystems, Eagle Genomics, Medtronic, and Quest Diagnostics, are the major players of Global Precision Medicine market.
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