Personalized Medicine Market to Grow Significantly, ; Increasing Research And Development Initiativess By Biopharmaceutical Companies To Launch New Products to Boost Growth

(The Express Wire via Comtex)

Personalized Medicine Market | 2021 Size, Growth, Share, Cap, Regional Analysis With Global Industry Forecast To 2027, The rising number of clinical trials on neurology and other disciplines of healthcare is propelling the growth of the personalized medicine market, says Fortune Business insights in a report, titled “Personalized Medicine“ Market, Size, Share and Global Trend by Product (Therapeutics, Diagnostics, Nutrition and Wellness), By Application (Oncology, Neurology, Blood Transfusion Safety, Diabetes, Autoimmune Diseases, Cardiology), By End-User (Hospitals, Specialty Clinics), and Geography Forecast till 2026”.The research and development by biopharmaceutical companies for the production of new personalized medicine is escalating the growth of the global market.

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Out research methodology is robust and includes data triangulation based on bottom-up and top-down approaches. We validated the approximate market number with the help of primary research. Secondary research was conducted to find out detailed information about mergers and acquisitions, collaborations, joint ventures, and agreements. At the same time, we have derived significant information about the market dynamics associated with growth drivers, trends, and obstacles.

The recent coronavirus outbreak has brought major businesses to a standstill. Due to travel bans, companies in this sector are likely to take a huge hit in the coming years. Ultimately, the rapid spread of the disease has urged governments to take strict measures. The report includes the impact on Covid-19 pandemic on the global market and discusses how major companies are coping with this.

The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing. The financial parameters which are assessed include the sales, profits and the overall revenue generated by the key players of Market. Furthermore, the report offers a detailed analysis and information as per Market Growth Analysis by manufacturers, market segments helping our readers to get a comprehensive overview of the global market. Several players are planning to focus on developing cost-effective products or services, aiming to maintain a strong foothold in the market.

Metagenics Launched (PLMC) Personalized Lifestyle Medicine Centre

Metagenics Inc, a health sciences company announced Personalized Lifestyle Medicine Center (PLMC), a clinical research laboratory and patient clinic. The center is designed to employ conduct clinical trial models for building unique data set for patients. The The establishment of PLMC is expected to drive the global personalized medicine market due to developing therapeutic tools and programs, enabling personalized lifestyle practitioners to meet the need. The new development in of vitamins for personalized health is contributing positively to the global personalized medicine market. for For instance, Vitamin Packs Inc., PERSONA nutrition unveiled new vitamin supplements for personalized health. The new supplements have a combination to help decrease the number of capsules a user takes in a day, along with new vegan soft gels and a program planned particularly for bariatric patients. The new iInnovations by companies for with regards to personalized health medicines along with the announcement of buildingthe new centers for furthering research and development in the field arepersonalized lifestyle medicine are likely to have a huge impact on the global market, which in turn will enable growth for in the personalized medicine market.

North America to Dominate the Global Market

Geographically, the global personalized medicine market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America is dominating the global personalized medicine market owing to the recent regulatory approvals for personalized medicines. It is also expected to lead the personalized medicine market during the forecast period, owing to the higher adoption of personalized medicine as diagnostic and therapeutic agents in the region. Asia Pacific and Middle East and Africa markets are predicted to grow considerably during the forecast period, owing to developing healthcare infrastructure and increasing per capita healthcare expenditure in the regions.

Leading Players operating in the Personalized Medicine Market are:

Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:

  • Abbott
  • Merck and Co., Inc.
  • AstraZeneca
  • Pfizer Inc.
  • GlaxoSmithKline plc
  • Novartis AG
  • Amgen Inc.
  • Bayer AG
  • Mylan N.V.

An Overview of the Impact of COVID-19 on this Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

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The report covers:

  • Global Personalized Medicine Market trends, with detailed analysis on consumer trends and manufacturer trends.
  • Overview on supply analysis covering trends across raw material suppliers, technology providers and distributors.
  • Key areas of investments identifying market opportunities and challenges in forecast timeframe.
  • Competitive analysis of the industry players along with the overview on strategic management.
  • Comprehensive company profiles of the major industry players.

RandD Activities by Leading Companies to Aid Expansion

Personalized medicine are designed to cater to the individual characteristics of each patient. Personalized medicine uses genetic analysis to identify, and then involves treating the patients. They have a specific treatment approach, which differs from the traditional approach of “one size fits all”, and the treatment regime is designed specifically around the individual/ group of people at risk. In 2018, Precision Therapeutics Inc. announced a merger agreement with Helomics Holding Corporation. The merger is aimed at combining precision diagnostic and integrated CRO capabilities with the focus to improve patient care and facilitate the development of innovative clinical products and technologies for the treatment of cancer and other conditions.These factors are expected to encourage growth for the personalized medicine market. Furthermore, the rising incidence of chronic diseases and increasing investments by biopharmaceutical companies in RandD activities with an aim to launch personalized medicines are some of the factors propelling the growth of the market. In addition, the clinical efficiency of personalized medicine in oncology along with a rising number of clinical trials on personalized medicine in neurology are driving the global personalized medicine market.

Segmentation of the Global Personalized Medicine Market

By Product

  • Therapeutics
  • Diagnostics
  • Nutrition and Wellness
  • Others

By Application

  • Oncology
  • Neurology
  • Blood Transfusion Safety
  • Diabetes
  • Autoimmune Diseases
  • Cardiology
  • Others

By End User

  • Hospitals
  • Specialty Clinics
  • Others

By Geography

  • North America (USA and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico and Rest of Latin America)
  • Middle East and Africa (South Africa, GCC and Rest of Middle East and Africa)

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Report Focus:

  • Extensive product offerings
  • Customer research services
  • Robust research methodology
  • Comprehensive reports
  • Latest technological developments
  • Value chain analysis
  • Potential Personalized Medicine Market opportunities
  • Growth dynamics
  • Quality assurance
  • Post-sales support
  • Regular report updates

Reasons to Purchase this Report:

  • Comprehensive analysis of the Personalized Medicine Market growth drivers, obstacles, opportunities, and other related challenges.
  • Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
  • Identifies market restraints and boosters.
  • Identifies all the possible segments present in the market to aid organizations in strategic business planning.

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