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Precision Medicine Market Status and Forecast by Top Manufacturers, Regions, Applications To 2026

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Precision medicine initiative aims to use advances in clinical and basic research to develop therapeutics that selectively target and kill cancer cells. This allows researchers to develop chemically tractable probes that can image cancer in Vivo.
Precision Medicine Market GLOBAL INDUSTRY INSIGHTS, TRENDS, OUTLOOK,
AND OPPORTUNITY ANALYSIS, 2018-2026
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REPORT DESCRIPTION
Precision Medicine Market – Overview
Precision medicine initiative aims to use advances in clinical and basic research to develop therapeutics that selectively
target and kill cancer cells. This allows researchers to develop chemically tractable probes that can image cancer in Vivo.
Precision medicine is used to treat children or adolescent patients suffering from brain tumor that have no other effective
therapies. Various companies are continuously investing in research and development to further refine precision
medicines for interventional surgical imaging, as well as for diagnostic and therapeutic applications.
Furthermore, precision medicine is proving to be effective in treating oncology-related diseases, cardiovascular diseases,
psychiatric disorders, neurodegenerative diseases, arthritis, obesity, diabetes, pain, and Alzheimer’s disease. Reduced cost
of treatment attracts patient toward the precision medicine, as precision medicine cuts down most of the expensive
treatments, which are not required since genetic testing helps the oncologists offer precision medicine.
The two recent FDA drug approvals, Kalydeco (ivacaftor) and Keytruda (pembrolizumab), pertaining to 33 cystic fibrosis
mutations and cancer treatment based on a genetic feature respectively, point to an encouraging future for precision
medicine. National Cancer Institute (NCI) conducts NCI-COG Pediatric MATCH trial that enrolls children and
adolescents by advanced cancer therapy based on their genetic abnormality, where NCI also plans to support new
immunotherapy clinical trials, antibody, testing of new combinations of the cell, small molecule, and radiation therapy
studies, which include sequencing of tumor specimens.
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REPORT DESCRIPTION
Precision Medicine Market Taxonomy:
By Technology:
●
Bioinformatics
●
Gene Sequencing
●
Drug Discovery
●
Precision Molecular Diagnostics
By Application:
●
Oncology
●
CNS
●
Hematology
●
Respiratory
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REPORT DESCRIPTION
Precision Medicine Market: Key Players
●
Novartis AG.
●
Intomics.
●
Ferrer Incode.
●
Nanostring Technologies, Inc..
●
Pfizer, Inc.
●
Teva Pharmaceuticals
●
Merck & Co., Inc.
●
Qiagen N.V.
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