Precision Medicine Market Will Reach at 14.7% CAGR by 2024 | Page 2
R e s e a r c h
M a r k e t
Report Media Releases
Global Precision Medicine Market Anticipated to Be Valued
at US$ 172.95 Bn by 2024 End; Oncology Application
Segment Projected to Hold Major Market Share Through
2024
The latest report published by Persistence Market Research titled “Global Market Study on
Precision Medicine: Drug Discovery Technology Segment Estimated to Witness 0.1% Decline in
Market Share Between 2016 and 2024". projects some of the crucial aspects of the
global precision medicine market after an in-depth research. The report assures that the
market will grow manifold and it will register a 14.7% CAGR between 2016 and 2024.
The global expansion of the medicine industry will expand the canvas of the global precision
market. Larger investments, better infrastructure, simplified approval process of drugs along with
companion diagnostics will impact the structure of the entire climate of the global precision
medicine market. The affordable DNA profiling, the bloating cancer population of the globe will
create a favorable condition of growth for the global precision medicine market. The proper
storage of genome data plays a crucial part in this segment. The emergence of data backed
medicare will also drive the global precision market ahead.
But the market is combating acute data storage and data privacy issues and it also lacks in
systematic approach towards funding and soaring prices of personalized drugs is also creating a
blockade in the expansion of the global precision medicine market.
P e r s i s t e n c e
Download Sample Report @ http://www.persistencemarketresearch.com/samples/12646
The global precision medicine market is bifurcated into multiple parent segments which are
further sub-categorized. The primary division of the market is an assimilation of three, region,
technology and application. The major technologies which will define the market character in the
forthcoming years are bioinformatics, next-gen sequencing and drug discovery technology. The
applications segment will showcase fruitful results and oncology will act as the showstopper. The
market prediction shows that this segment will bloom and will touch an approximate value of US$
69 Bn by the end of the assessment period. The approximate registered CAGR of this segment
within the assessed period will be above 13.5%. The global population is struggling with some of
the acute diseases such as arthritis. A large slice of the aged population is an easy prey of this
crippling ailment. The immunology segment will reap maximum benefits from the population
affected by arthritis. The immunology segment will gain revenue from the market and the market
worth will cross US$ 34 Mn by the end of 2024.
Download Report Table of Content, Figures, and Tables @
http://www.persistencemarketresearch.com/market-research/precision-medicinemarket/toc
The regional market arena has penetrated through different key regions of the globe. The global
precision medicine market has extended its boundaries in the last few years. The product has a
Global Precision Medicine Market 2016-2024