BOSTON, May 16, 2023 (GLOBE NEWSWIRE) -- Data Bridge Market Research's latest report, "Genomic Medicine Market" provides a thorough analysis of growth strategies, drivers, opportunities, key segments, Porter's Five Forces analysis, and the competitive landscape, offering valuable insights for industry professionals. Genomic Medicine is the most relevant, exclusive, reasonable, and admirable market research report depending upon the business needs. These strategies mainly include new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others that boost their footprints in this market. This market report gives an edge to compete and to outdo the competition. The market survey report also evaluates the growth rate and the market value based on market dynamics and growth-inducing factors. Genomic Medicine market research report assists businesses with intelligent decision-making and better manage the marketing of goods, which ultimately leads to growth in the business.
To obtain such a first-class Genomic Medicine market analysis report, the meticulous hard work of skilled forecasters, well-versed analysts, and knowledgeable researchers has been utilized. Moreover, we turn intricate market insights into simpler versions with the help of proven tools and techniques and then provide it to clients. Market report like this one holds immense importance for the growth of any business. By understanding the client’s requirements precisely, this report brings together business and product information for sustainable growth in the market. The winning Genomic Medicine market report best suits the requirements of the client
Data Bridge Market Research analyses that the genomic medicine market which was USD 23.08 billion in 2021, would rocket up to USD 75.67 billion by 2029, and is expected to undergo a CAGR of 16.00% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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The branch of science known as genomic medicine examines our DNA and how it interacts with our health using genomic data. They are able to gather information about a person's usual biological characteristics and use it to provide successful treatment.
Pharmaceuticals that are particularly created using genetic data from DNA, protein profile, and their functionality while understanding how they interact with human health are known as genomic medicines, also referred to as personalized medicine. These medications are able to reveal specifics about a person's usual biological facts, which may then be used to construct the appropriate patient's treatment regimen and pharmaceuticals.
Opportunities:
- Increase in the number of research and development activities
The market's growth is fuelled by an increasing scientific research on genomic medicine. This will provide beneficial opportunities for the market growth.
The most prominent players in the Genomic Medicine market include.
- Genome Medical, Inc. (U.S.)
- BioMed Central Ltd (U.K.)
- Aevi Genomic Medicine, Inc. (Israel)
- Congenica Ltd. (U.K.)
- Deep Genomics (Canada)
- Editas Medicine (U.S.)
- Cleveland Clinic (U.S.)
- Illumina, Inc. (U.S.)
- Thermo Fisher Scientific (U.S.)
- QIAGEN N.V. (Netherlands)
- Agilent Technologies, Inc. (U.S.)
- Bio-Rad Laboratories, Inc. (U.S.)
- F. Hoffmann-La Roche Ltd. (Switzerland)
- BGI (China)
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The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the Genomic Medicine market.
- Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market.
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market.
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies.
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Genomic Medicine market
Key Industry Drivers:
- Technological Advancements
Technology advancements and the potential for further research into the identification and monitoring of other biomarkers that may potentially be utilised for pharmacogenomics are other factors supporting the expansion of the global market for genomic medicine during the next five years.
- Rise in government spending on medicines
Growing government spending on precision medicine is anticipated to fuel industry expansion. The market for genomic medicine will grow faster from 2022 to 2029 due to other factors such as expanding genomic application areas, growing numbers of genomics projects, and rising demand for enhanced sequencing in cancer, pharmacogenomics, and rare condition detection.
- Rise in pharmaceuticals
The global market for genomic medicines will rise over the next five years due to rising research and advancements in the pharmaceutical business. The expansion of the worldwide market for genomic medicine in the ensuing five years will also be supported by growing government initiatives, individual investments, and an increase in the uses of genomic studies in the healthcare industry.
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Genomic Medicine Market Regional Analysis/Insights:
The countries covered in the genomic medicine market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the genomic medicine market due to increasing R&D in the genomic medicine and availability of various universities offering education programs on genomic medicine.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 due to the rising health awareness among the people and growing demand of advanced medical technology.
Key Market Segments Covered in Genomic Medicine Industry Research
Application
- Cardiology
- Paediatrics
- Endocrinology
- Respiratory Medicine
- Rare Genetic Disorders
- Infectious Diseases
End- User
- Hospitals
- Clinics
- Academic Institutions
- Research Institutions
Critical Insights Related to the Genomic Medicine Included in the Report:
- Exclusive graphics and Illustrative SWOT analysis of some of the leading companies in this market
- Value chain analysis of prominent players in the market
- Current trends influencing the dynamics of this market across various geographies
- Recent mergers, acquisitions, collaborations, and partnerships
- Revenue growth of this industry over the forecast period
- Marketing strategy study and growth trends
- Growth-driven factor analysis
- Emerging recess segments and region-wise market
- An empirical evaluation of the curve of this market
- Ancient, Present, and Probable scope of the market from both prospect value and volume
Table of Contents:
- Introduction
- Market Segmentation
- Executive Summary
- Premium Insights
- Global Genomic Medicine Market: Regulations
- Market Overview
- Global Genomic Medicine Market, By Application
- Global Genomic Medicine Market, By End User
- Global Genomic Medicine Market, By Region
- Global Genomic Medicine Market: Company Landscape
- SWOT Analyses
- Company Profile
- Questionnaires
- Related Reports
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