North America Precision Medicine Market (2018-2023)

  • Report ID : 119616

  • Industry Name : Healthcare

  • Publishing Date : 18 January 2019

  • No. of Pages : 75-90

                                                         
North America precision medicine market Precision medicine is a highly effective, modern process of medical diagnosis and treatment of diseases using relevant data around a patient’s genetic make-up, supported by environmental and behavioral data. North America is the pioneer in adopting technological innovations and advancements in the healthcare sector, which will aid the growth of the market in this region. North America is the highest revenue generating region for the precision medicine market. The increasing adoption of Internet of Medical Things (IoMT) and the use of technologies like gene sequencing, diagnostics, etc., have fueled the growth of precision medicine in this region and the market is at a mature stage in countries like the U.S. and Canada. According to research, the North American market is projected to expand at a compound annual growth rate (CAGR) of 11.04%, leading to a revenue of USD 36.25 Bn by 2023. Precision Medicine Market Segmentation Precision Medicine Market, By Technology • Companion Diagnostics • Drug Discovery • Gene Sequencing • Bioinformatics • Big Data Analytics • Others Precision Medicine Market, By Application • Respiratory • CNS • Immunology • Oncology • Others Precision Medicine Market, By End-Use • Healthcare IT Companies • Diagnostic Companies • Pharmaceutical Companies • Others Key growth factors Due to technological advancements in the healthcare sector in North America, the precision medicine market is going to emerge in the coming years. In 2015, the then-President of the United States, Barrack Obama, announced the launch of the Precision Medicine Initiative for a bold new research effort to revolutionize methods to improve health and treat diseases. Therefore, the precision medicine market is going to grow during the forecast period due government initiatives and policies that encourage such technologies. Threats and key players Threat to personal information like genetic data, DNA and RNA data, etc., is considered to be a barrier to the growth of the precision medicine market. Thus, the adoption of precision medicine can hit roadblocks due to concerns regarding consumer privacy and data protection. Moreover, the approvals required by pharmaceutical companies from the U.S. Food & Drug Administration (FDA) for a particular drug or treatment is a time-consuming factor, which might be challenging and hinder the growth of the market. The major players operating in the North America precision medicine market are Abbott, GE Healthcare, Johnson & Johnson, etc. What’s covered in the report? 1. Overview of the North America precision medicine market. 2. Market drivers and challenges in the North America precision medicine market. 3. Market trends in the North America precision medicine market. 4. Historical, current and forecasted market size data for the North America precision medicine market segmentation by ecosystem players (pharmaceuticals and biotech companies, clinical laboratories, diagnostic companies and healthcare IT specialists/big data companies) – by revenue (USD Bn). 5. Historical, current and forecasted market size data for the North America precision medicine market segmentation by therapeutics (cancer, cardiovascular, central nervous system, psychiatric disorder and infectious diseases) – by revenue (USD Bn). 6. Historical, current and forecasted market size data for the North America precision medicine market segmentation by technology (big data analytics, bioinformatics, gene sequencing, pharmacogenomics and companion diagnostics) - by revenue (USD Bn). 7. Historical, current and forecasted country- wise (U.S. and Canada) market size data (USD Bn) for the North America precision medicine market and its segmentations by ecosystem players (pharmaceuticals and biotech companies, clinical laboratories, diagnostic companies and healthcare IT specialists/big data companies), by therapeutics (cancer, cardiovascular, central nervous system, psychiatric disorder and infectious diseases), and by technology (big data analytics, bioinformatics, gene sequencing, pharmacogenomics and companion diagnostics). 8. Analysis of the competitive landscape and profiles of major companies operating in the market. Key Reasons to purchase 1. Understand the demand for precision medicine market to determine the viability of the market. 2. Determine the developed and emerging markets where precision medicine market is provided. 3. Identify the challenge areas and address them. 4. Develop strategies based on the drivers and trends and highlights for each of the segments. 5. Evaluate the value chain to determine the workflow and to get an idea of the current position where you are placed. 6. Recognize the key competitors of the market and respond accordingly. 7. Knowledge of the initiatives and growth strategies taken up by the major companies and decide the direction for further growth. 8. Define the competitive positioning by comparing the products and services with the key players in the market.

Note: Sample report does not include any data or related information of the research study. It only showcase flow of information and different section covered. It is a paid report.

Note: Sample report does not include any data or related information of the research study. It only showcase flow of information and different section covered. It is a paid report.

Research Framework

Index Markets Research presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

Information Sources

    Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

    Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

Data Analysis

    Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

    Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

Report Writing

    Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

    Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape

Purchase Report

Single User $ 2499
Multi User $ 2499
Corporate User $ 2499

Our Clients

Key Questions Answered

  • What will be the market size?
  • What are new opportunities?
  • What is the market share?
  • What are targeted audience?
  • Which are top players in market?
  • How the competition goes in the future?
  • Which are the leading countries?
  • What are the challenges in future?

Why Choose Our Report?

  • Latest Technical Advancements.
  • Comprehensive Report
  • Historical & Current Scenario
  • Potential Market Opportunities
  • Extensive Product Offering
  • Strong Industry Focus
  • Growth Dynamics
  • Value Chain Analysis
  • Robust Research Methodology