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The Personalized Medicine Global Market Report 2023 by The Business Research Company, provides personalized medicine market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
Learn More On The Personalized Medicine Market:
https://www.thebusinessresearchcompany.com/report/personalized-medicine-global-market-report
In accordance with The Business Research Company’s comprehensive analysis presented in the Personalized Medicine Global Market Report 2023, the market is poised for substantial expansion, anticipating a noteworthy increase from $318.23 billion in 2022 to a projected $352.73 billion in 2023, boasting a commendable compound annual growth rate (CAGR) of 10.8%. However, it is imperative to acknowledge the multifaceted impact of the Russia-Ukraine conflict on the global economic landscape, casting a shadow over the anticipated post-COVID-19 recovery, particularly in the immediate future.
The hostilities between Russia and Ukraine have reverberated across international markets, prompting economic sanctions on numerous nations, a consequential upswing in commodity prices, and disruptive supply chain intricacies. This, in turn, has precipitated inflationary pressures on goods and services, exerting a palpable influence on diverse global markets. Against this backdrop, the forecast for the global personalized medicine market is positioned to ascend, with a projected market size soaring to $527.19 billion by 2027, demonstrating a CAGR of 10.5%.
The increasing prevalence of rare diseases is expected to propel the growth of the personalized medicine market going forward. The increasing prevalence of rare diseases refers to the growing number of people who are diagnosed with rare diseases such as Klinefelter Syndrome, Aarskog Syndrome, Abetalipoproteinemia, and others. Personalized medicine approaches helps to provide more tailored treatment options for individuals with rare diseases which are on the rise.
Top 5 Major Players:
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The personalized medicine market is segmented:
1) By Product: Personalized Medicine Diagnostics, Personalized Medicine Therapeutics, Personalized Medical Care, Personalized Nutrition and Wellness
2) By Application: Oncology, Neurology, Blood Transfusion Safety, Diabetes, Autoimmune Diseases, Cardiology, Other Applications
3) By End-use: Hospitals, Diagnostic Centers, Research and Academic Institutes, Other End-Users
A pivotal trend that has garnered significant traction within the personalized medicine landscape is the integration of cutting-edge technologies. Eminent players in the market are proactively embracing innovative technologies to fortify their market presence. A notable example is Infosys, a prominent India-based information technology, digital, and consulting services provider. In June 2020, Infosys unveiled a suite of advanced solutions for personalized medicine tailored to the needs of pharmaceutical companies. This comprehensive offering encompasses SAP S/4HANA, the SAP Analytics Cloud solution, the SAP C/4HANA suite, and the SCI platform.
The strategic incorporation of these technologies not only facilitates the streamlining of the patient treatment lifecycle but also encompasses scheduling to post-medical treatments, thereby paving the way for outcome-based invoicing. This transformative technology holds the promise of expediting the product launch process for pharmaceutical companies, thereby exemplifying the industry’s commitment to innovation and efficiency. As personalized medicine continues to evolve, such technological strides will undoubtedly play a pivotal role in shaping its trajectory and enhancing its societal impact.
The personalized medicine market report table of contents includes
1. Executive Summary
2. Personalized Medicine Market Characteristics
3. Personalized Medicine Market Trends And Strategies
4. Personalized Medicine Market – Macro Economic Scenario
5. Personalized Medicine Market Size And Growth
…..
26. Africa Personalized Medicine Market
27. Personalized Medicine Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Personalized Medicine Market
29. Personalized Medicine Market Future Outlook and Potential Analysis
30. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Personalized Medicine Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Personalized Medicine Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Personalized Medicine Market, Segmentation By End-use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
….
Table 46: GE HealthCare Technologies Inc. Financial Performance
Table 47: Illumina Inc. Financial Performance
Table 48: Abbott Laboratories Financial Performance
Table 49: Danaher Corporation Financial Performance
Table 50: Qiagen Inc. Financial Performance
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