Precision Medicine Diagnostics Market - Size, Share, Outlook, and Opportunity Analysis, 2018 – 2026 Precision medicine aims to alter the treatments based on individual characteristics, including differences in genetics, environment, and lifestyle. It has the potential to transform the delivery of care for a variety of diseases. Precision medicine implicate the application of panomic analysis and systems biology to inspect the cause of an individual patient's diseased condition at the molecular level and then to apply targeted treatments to address that individual patient's disease. Precision medicine aims to make medication and medical practices efficient and cost effective. By using the precision medicine, doctors recognize genetic makeup of the subject, which helps doctors to prescribe the right drug with appropriate dose. Download PDF Brochure Of This Research Report @ https://www.coherentmarketinsights.com/insight/request-pdf/2422 Precision Medicine Diagnostics Market- Drivers Precision medicine diagnostics market is expected to expand at rapid pace in near future, owing to increasing number of pipeline studies to develop new treatment for cancer. For instance, in January 2016, University of Arkansas initiated the clinical trial for fresh tissue biopsy to study the further advancements in bio-specimens (blood cellular free component, e.g., plasma, serum, tissue, urine), in order to develop precision medicine for lung cancer management and screening (synergy with imaging). Fresh tissue biopsy involves taking a small sample of tissue from the body part for further microscopic examination. The study is estimated to complete in December 2019. Moreover, government initiatives to create awareness among the community health worker is expected to boost growth of the precision medicine diagnostics market. For instance, in March 2018, the Division of Community Engagement and University of Agricultural and Horticultural Sciences (UAHS) Center for Applied Genetics and Genomic Medicine partnered with the University Of Arizona Banner Health Research Program to develop and implement a unique and culturally conscious approach to increase precision medicine literacy, particularly among underserved and marginalized populations. The program has been named as ‘Precision Medicine Community Health Workers/Promoters for All of Us’. Precision Medicine Diagnostics Market- Restraints However, barriers in management of big data (large database including individual’s genetics, environment, and lifestyle to ensure delivery of appropriate therapies) in Electronic health records (EHR) may hamper growth of the precision medicine diagnostics market. Big data refers to the large or complex data. EHR maintains the electronic record of patient health information generated by one or more healthcare service provider. For Instance, in March 2018, Health It Analytics stated that there was rise in adoption of precision medicine by healthcare organizations, but insufficient data management was major challenge that results into turning organizations to Artificial Intelligence (AI) and machine learning techniques to manage large amount of data. Report includes chapters which deeply display the following deliverable about industry : • Precision Medicine Diagnostics Market Research Objective and Assumption • Precision Medicine Diagnostics Market Purview - Report Description, Executive Summary, and Coherent Opportunity Map (COM) • Precision Medicine Diagnostics Market Dynamics, Regulations, and Trends Analysis - Market Dynamics, Regulatory Scenario, Industry Trend, Merger and Acquisitions, New system Launch/Approvals, Value Chain Analysis, Porter’s Analysis, and PEST Analysis • Global Precision Medicine Diagnostics Market, By Regions • Precision Medicine Diagnostics Market Competition by Manufacturers including Production, Share, Revenue, Average Price, Manufacturing Base Distribution, Sales Area and Product Type. • Precision Medicine Diagnostics Market Manufacturers Profiles/Analysis including Company Basic Information, Manufacturing Base and Its Competitors. • Precision Medicine Diagnostics Market Manufacturing Cost Analysis including Key Raw Materials and Key Suppliers of Raw Materials. • Industrial Chain, Sourcing Strategy and Downstream Buyers including Upstream Raw Materials Sourcing and Downstream Buyers • Marketing Strategy Analysis, Distributors/Traders including Marketing Channel, Market Positioning and Distributors/Traders List. • Market Effect Factors Analysis including Technology Progress/Risk, Consumer Needs/Customer Preference Change and Economic/Political Environmental Change. • Precision Medicine Diagnostics Market Forecast including Production, Consumption, Import and Export Forecast by Type, Applications and Region. • Research Findings and Conclusion Precision Medicine Diagnostics Market- Regional Analysis On the basis of region, the global precision medicine diagnostics market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. Geographically, North America accounts for the largest share in the global precision medicine diagnostics market, owing to increasing awareness and initiative related to precision medicine in the North America. For instance, in 2015, the U.S Government launched the Precision Medicine Initiative to revolutionize method to improve health and treat disease. The precision medicine initiative will enable health care providers to adapt new treatment and prevention strategies to people’s unique characteristics, including their genome sequence, micro-biome composition, health history, lifestyle, and diet. Europe is anticipated to witness significant growth in the precision medicine diagnostics market over the forecast period due to expansion of key players in the region. For instance, in February 2018, QIAGEN N.V. collaborated with and Sentieon, Inc., to advance precision medicine by delivering Sentieon’s highly efficient variant-calling software. Qiagen N.V. is expected to incorporate Sentieon’s variant-calling software into its bioinformatics portfolio, supporting thousands of next-generation sequencing (NGS) labs and also planned to offer its customer with Sentieon DNAseq and Sentieon TNseq products for germline and somatic variant calling. Some of the major players operating in the precision medicine diagnostics market include Intomics, Ferrer Incode, Nanostring Technologies, Inc., Tepnel Pharma Services, Pfizer, Inc., Novartis AG, Teva Pharmaceuticals, Merck & Co., Inc., Qiagen N.V., and Quest Diagnostics. Browse Complete Report For More Information @ https://www.coherentmarketinsights.com/ongoing-insight/precision-medicine-diagnostics-market2422 Precision Medicine Diagnostics Market- Taxonomy By Technology: Bioinformatics ,Gene Sequencing ,Drug Discovery ,Precision Molecular Diagnostics ,Big Data Analytics By Application: Oncology ,Breast cancers ,Lung Cancer ,Others ,CNS ,Hematology ,Respiratory ,Immunology ,Others About Coherent Market Insights Coherent Market Insights is a prominent market research and consulting firm offering actionready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Contact Us Mr. Shah Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154 Tel: +1-206-701-6702 Email: [email protected]
Precision medicine aims to alter the treatments based on individual characteristics, including differences in genetics, environment, and lifestyle.
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