Dublin, Dec. 28, 2022 (GLOBE NEWSWIRE) -- The "Personalized Medicine Market Size, Share & Trends Analysis Report By Product (Personalized Nutrition & Wellness, Personalized Medicine Therapeutics), By Region, And Segment Forecasts, 2022 - 2030" study has been added to ResearchAndMarkets.com's offering.
The planetary personalized medicine marketplace size is expected to scope USD 922.72 cardinal by 2030. The marketplace is expected to registry a CAGR of 6.95% from 2022 to 2030 owing to the expanding incidence of diseases and the rising request for caller therapeutic drugs. The emerging applications of personalized medicine are consistently enhanced by immense probe efforts. For instance, successful July 2022, researchers astatine the UMass Chan Medical School developed a microorganism-based personalized medicine exemplary strategy to assistance the knowing of saltation successful metabolism to gauge the transportation betwixt an individual's genome, diet, microbiota, and associative biology factors.
Most crab conditions are usually caused by an underlying familial discrepancy and tin origin fatalities with progression. The crab information tin beryllium efficaciously and precisely treated by knowing circumstantial genomic characteristics. For instance, successful May 2020, Qiagen launched QIAseq pan-cancer multi-modal sheet to alteration robust investigation of genomic characteristics of crab subjects to deduce a wide spectrum of applications successful precision medicine for the profiling of coagulated tumors and heme malignancies.
The marketplace is positively driven by advancements successful NGS technologies and extended probe connected the quality genome. There has been an expanding absorption connected utilizing NGS to deduce personalized medicine outcomes that could perchance beryllium utilized for the attraction of crab and uncommon familial disorders. For instance, Illumina declared that it volition contiguous its aggregate oncology probe abstracts astatine the European Society of Medical Oncology (ESMO) yearly gathering successful Paris. Their probe enables personalized crab attraction utilizing broad genomic profiling of biopsies to lucifer subjects to the imaginable drugs and immunotherapies.
Telemedicine facilitates virtual oregon telephonic objective proposal to assistance carnal convenience. Telemedicine is progressively trending, particularly aft the COVID-19 pandemic. Government and probe institutes are taking important efforts to heighten the applications of personalized telemedicine. For instance, successful August 2022, the National Cancer Institute declared a assistance of USD 23 cardinal for 5 years to assistance the motorboat of Telehealth Research Centers of Excellence (TRACE) crossed the U.S. The programme was launched with the enactment of the White House Cancer Moonshot to question improvement and advancements successful telehealth transportation for crab attraction with a ngo to leverage wellness equity.
Molecular imaging systems and aesculapian devices are playing a superior relation successful emerging advancements successful personalized medicine. They efficaciously leverage the applications of personalized medicine successful the attraction of antithetic types of cancers. For instance, successful June 2022, GE Healthcare declared the merchandise of high-end molecular imaging by utilizing gallium-68 radioisotope for the diagnosis and monitoring of prostate crab truthful arsenic to leverage entree to precision wellness and theranostics for personalized prostate crab attraction astatine an aboriginal signifier of crab progression.
The marketplace is successful the maturation signifier owed to emerging technological advancements on with accordant concern efforts specified arsenic collaborations and expansions. For instance, successful December 2021, Biogen Inc., and TheraPanacea declared that they person signed a collaboration that focuses connected advancing integer wellness for personalized medicine successful neuroscience.
Personalized Medicine Market Report Highlights
- The wide maturation of the marketplace is attributed to the rising request for caller therapeutic drugs coupled with leveraged familial level knowing of diseases and the rising incidence of cancers and familial disorders crossed the globe
- The personalized medicine therapeutics conception is anticipated to witnesser precocious maturation implicit the forecast play owing to the extended usage of pharmacogenomics for processing biopharmaceuticals. Further, the genomic medicine therapeutics conception is anticipated to turn substantially during the forecast play owing to importantly lowered costs of whole-genome sequencing
- North America dominated the marketplace successful 2021 owed to the beingness of cardinal players and their intensive probe for the improvement of caller therapies to find retired curative solutions for assorted diseases
| Report Attribute | Details |
| No. of Pages | 120 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) successful 2022 | $538.93 Billion |
| Forecasted Market Value (USD) by 2030 | $922.72 Billion |
| Compound Annual Growth Rate | 6.9% |
| Regions Covered | Global |
Key Topics Covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Market Variables, Trends & Scope
Chapter 4 Product Business Analysis
Chapter 5 Regional Business Analysis
Chapter 6 Company Profiles
Companies Mentioned
- Ge Healthcare
- Illumina, Inc.
- Asuragen, Inc.
- Abbott
- Dako A/S
- Exact Sciences Corporation
- Cepheid, Inc. (Danaher Corporation)
- Decode Genetics, Inc.
- Qiagen, Inc.
- Exagen Inc.
- Precision Biologics
- Celera Diagnostics LLC
- Biogen
- Genelex (Invitae Corporation)
- International Business Machines Corporation (Ibm)
- Genentech, Inc.
- 23 Andme, Inc.
For much accusation astir this study sojourn https://www.researchandmarkets.com/r/9njvaq
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