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. However, high cost for customized medicine and misinterpretation of genetic data hinder the growth of the South America precision medicine market.
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.
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South America Precision market Top Players
- Teva Pharmaceutical
- Covance Inc.
- Tepnel Pharma Services
- Eagle Genomics
- Novartis Holding AG.
- Nanostring Technologies
- Silicon Biosystems
- Laboratory Corporation of America Holdings
- Ferrer InCode
- BIOCRATES Life SciencesAG
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