Precision Medicine Market Growth and Survey, 2018-2028 Precision Medicine Market Growth and Survey | Page 11

Research Scope & BIS Methodology Figure 1: Research Methodology Scope Definition Research Design Qualitative Report Writing Market Study Quantitative Primary Interviews/ Secondary Research Top Down and Bottom Up Primary & Secondary Data Data Validation Data Analysis Data Collection The market size of precision medicine in $Billion for the year 2017 and 2018 was estimated using a bottom-up approach. This approach involved the estimation of market revenue for each key player revenue on the basis of product and technology and summing them up to arrive at the total global number. For calculating the value of products in a year, the company’s annual reports, press releases, blogs, articles, and white papers were referred to, and the key opinion leaders with significant experience in this market segment were contacted. While estimating the market growth for each product over the forecast period 2018-2028, factors such as the developer’s geographic presence, partnerships and collaborations, products launches, and developments, as well as patents and approvals were considered. For products, whose no real-time data was available in public domain, personnel from the respective companies were contacted in order to gain valuable information pertaining to the product in different regions, and their corresponding prices. The primary sources involve the industry experts from the precision medicine industry including the suppliers, component manufacturers, device manufacturers, and distributors, among others. The resources such as CEOs, vice presidents, marketing directors, and technology and innovation directors, among others, have been interviewed to obtain and verify both qualitative and quantitative aspects of this research study. [email protected] | www.bisresearch.com