Medical Health & Life Science Research News

North America precision medicine market set to grow tremendously

Medical Market Research

The North-America precision medicine market is expected to reach USD XX billion by the year 2024, at a CAGR of XX% during the forecast period.

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Precision medicine is an emerging medical approach that helps in the treatment by providing customized medicine based on their medical decisions, practices, and allows doctors and physicians to study the individual response to a medication. This medicine will allow researchers and doctors to estimate accurately to prevent various diseases.

Initially, precision medicine is focused on oncology, as cancer, it is one of the major causes of death globally with an increase in aging population.

Major factors that are driving the market growth owing to the adoption of gene therapy, number of chronic diseases, and improvements in big data analytics.

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However, high cost for customized medicine and misinterpretation of genetic data hinder the growth of the North America precision medicine market.


This report contains the in-depth analysis on the market and the estimations are done using volume and value data are further validated on three approaches including bottom-up, top-down and from top companies revenues to conclude the market estimations precisely and accurately considering all the parameters and market dynamics.

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Key pointers in the report include:

  • Competitive landscape & market analysis is included in the report to understand the key companies’ position and Porter's Analysis & PESTLE analysis to perform to analyze the impact of drivers, restraints, challenges, and constraints on the market during the next five years.
  • Team of analysts has analyzed and listed out the key drivers, constraints, challenges and emerging opportunities in all the industry verticals which will specify the emerging scope of the market in end-user industries.
  • Industry value chain analysis is provided in the report to identify the key stakeholders and prominent players at each stage of the company along with the value addition at each stage of the value chain.
  • Complete analysis including global and regional trends, technological developments, and new product innovations are included in the report specific to each and every segment of the market.
  • A complete 360-degree analysis is provided in the report on key companies’ product portfolio, business portfolio, developmental strategies, and key developments from the companies in the historical period.
  • Advanced customizations on countries, specific applications in end-user industries, product based customizations will be provided based on the request.
  • All the collected data is further validated and verified using surveys, interviews, and interactions with industrial experts.

North America Precision Medicine Market Top Players

  • Silicon Biosystems
  • Eagle Genomics
  • Pfizer
  • Roche Diagnostics
  • Ferrer InCode
  • Medtronic

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