-- Snapshot of Personalized Medicine Market:
The Personalized Medicine Market report begins from overview of Industry Chain structure, and describes industry environment, then analyses market size and forecast of Personalized Medicine by product, region, and application.
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COMPANY KEY DEVELOPMENT DESCRIPTION
Qiagen Inc. Expansion & Investment • QIAGEN N.V. announced that the Japanese Pharmaceuticals and Medical Device Agency (PMDA) has approved the therascreen® EGFR RGQ PCR Kit to allow its use as a companion diagnostic with Pfizer’s VIZIMPRO® (dacomitinib) for EGFR gene mutation-positive, inoperable or recurrent non-small cell lung cancer
Pfizer Inc. Merger & Acquisitions • Pfizer Inc. and GlaxoSmithKline PLC announced they have entered into an agreement to create a premier global consumer healthcare company with robust iconic brands
What is Personalized Medicine?
Advancements in science and technology are fluctuating, especially the way we describe the disease, develop drugs, and recommend treatments. The concept of personalized medicine has emerged with growing advances in genomic and proteomic science over the past decade which has given a boost to the development of “targeted” diagnostics and therapeutics that influence knowledge of an individual’s genetic makeup to construct a more personalized approach to healthcare. The advent and sustained growth of personalized medicine will enhance fundamental changes at many different levels in the future of health care and health systems.
Global Personalized Medicine Market Outlook:
The growing dominance of various types of cancer, affordability of personalized medicine therapy in cancer drugs and various other disease indications are expected to fuel the market for Personalized Medicine in the global market. According to the World Health Organization, Cancer is the second leading cause of death globally and was responsible for an estimated 9.6 million deaths in 2018.
Globally, about 1 in 6 deaths is due to cancer. Since personalized medicine has been helping target cancerous tissues, the scope of personalized medicine is expected to grow exponentially over the forecast period. Apart from this, lesser side effects and high adoption rate in developed markets will also boost the market for Personalized Medicine in the Global Personalized Medicine Market.
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Reasons to Purchase this Personalized Medicine Market Report
• Qualitative and quantitative analysis of the Personalized Medicine Market based on segmentation involving both economic as well as non-economic factors.
• Provision of Personalized Medicine Market value (USD Billion) data for each segment and sub-segment.
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the Personalized Medicine Market.
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region.
• Competitive landscape which incorporates the Personalized Medicine Market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players.
• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions.
• Includes in-depth analysis of the Personalized Medicine Market of various perspectives through Porter’s five forces analysis.
• Provides insight into the market through Value Chain.
• Market dynamics scenario, along with growth opportunities of the market in the years to come.
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