Precision Medicine Market share to hit $88bn by 2023

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Precision Medicine Market forecast to grow at
10.5 CAGR from 2016 to 2023 Fractovia.org
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights of Precision Medicine Market

• Precision medicine market size is expected to
  grow at a rate of 10.5 over 2016-2023 with
  growing occurrence of chronic diseases such as
  cancer needing more personalized treatments and
  practices.
• Precision medicine will allow doctors to predict
  more accurately the medical treatment, prevention
  strategies and remedies.
• This process allows the researcher to analyze the
  cause of a patient at the molecular level and
  then use targeted treatments. Expanding precision
  medicine trials in cancer genomics and
  technological advancements such as
  biomarker-based test kits and next generation
  sequencing will fast-track global precision
  medicine market growth.
• Government support for these technologies will
  further boost precision medicine market scope
  over the forecast timeframe. For example,
  Precision Medicine Initiatives (PMI) commenced by
  U.S President Barack Obama in January 2015, will
  alter the concept of medicines, revolutionizing
  the medication and diagnosis perception.

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Continued

• Precision medicine finds wide applications in
  oncology, immunology, respiratory systems, and
  central nervous systems.
• Precision medicine market revenue in Central
  Nervous System (CNS) worth USD 9 billion in 2015,
  is anticipated to grow significantly over the
  timeframe, owing to its wide application in brain
  circuitry.
• Based on technology, precision medicine market is
  segmented into big data analytics, drug
  discovery, gene sequencing, companion
  diagnostics, and bioinformatics. Drug discovery
  based precision medicine market worth USD 9
  billion in 2015, is anticipated to grow at a rate
  of 8.3 over the coming seven years.
• North American precision medicine market is
  expected to grow significantly over the coming
  years due to favorable government regulations.
  U.S. is predicted to contribute significantly
  towards the regional share.
• Key precision medicine industry participants
  include Laboratory Genomics of America Holdings,
  Intomics A/S, Silicon Biosystems, Eagle Genomics
  Limited, Roche, Covance, Pfizer, and Quest
  Diagnostics.

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Europe precision medicine market size, by
application, 2013 - 2023 (USD Million)

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