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Precision Medicine Market

Precision Medicine Market - Size, Share,
Growth, Outlook, and Opportunity Analysis,
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. In
2015, Pfizer, Inc. established Center of Excellence in Precision Medicine (CEPM) in Chile, in
partnership with Thermo Fisher Scientific, to validate new, more precise, and less invasive
technologies for diagnosing cancer.
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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. In July 2017, NCI
has also launched various precision medicine trials, which include Adjuvant Lung Cancer
Enrichment Marker Identification and Sequencing Trials (ALCHEMIST), Lung Cancer Master
Protocol (Lung-MAP), Molecular Analysis for Therapy Choice (NCI-MATCH), and Molecular
Profiling-Based Assignment of Cancer Therapy (NCI-MPACT).
Report includes chapters which deeply display the following deliverable about industry :
• Precision Medicine Market Research Objective and Assumption
• Precision Medicine Market Purview - Report Description, Executive Summary, and Coherent
Opportunity Map (COM)
• Precision Medicine 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 Market, By Regions
• Precision Medicine Market Competition by Manufacturers including Production, Share, Revenue,
Average Price, Manufacturing Base Distribution, Sales Area and Product Type.
• Precision Medicine Market Manufacturers Profiles/Analysis including Company Basic Information,
Manufacturing Base and Its Competitors.
• Precision Medicine 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 Market Forecast including Production, Consumption, Import and Export Forecast
by Type, Applications and Region.
• Research Findings and Conclusion
Key companies covered as a part of this study include Novartis AG, Intomics, Ferrer
Incode, Nanostring Technologies, Inc., Pfizer, Inc., Teva Pharmaceuticals, Merck & Co.,
Inc., Qiagen N.V., and Quest Diagnostics
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Detailed Segmentation:
• Global Precision Medicine Market, By Technology:
• Bioinformatics
• Gene Sequencing
• Drug Discovery
• Precision Molecular Diagnostics
• Big Data Analytics
• Global Precision Medicine Market, By Application:
• Oncology
• Breast cancers
• Lung Cancer
• Others
• Hematology
• Respiratory
• Immunology
• Others
• Global Precision Medicine Market, By Geography:
• North America
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