Reports Monitor Global Personalized Medicines Market Segmentation
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Personalized medicines: will revolutionize the pharmaceutical sector in coming
future
Reports Monitor has recently published Global Personalized Medicines Market
Research Report.
During last decade, pharmacogenomics has gained a huge attention in the treatment
of the diseases such as cancer, diabetes, genetic diseases and others. Personalized
medicines are manufactured according to the safety requirement of the patient or
group of patients. The global personalized medicines market is majorly driven by
increasing prevalence of cancer, and other chronic diseases, rapid development in
the healthcare sector and increasing need for the better treatment options. Moreover,
rising healthcare expenditure, and strong government support for research &
development have fuelled the Personalized medicines market growth. However, long
approval time, and high cost of manufacturing may slow the growth of the
Personalized medicines market.
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The global personalized medicines market is expected to grow at a CAGR of 10.3%
during the forecast period.
The global personalized medicines market is segmented on the basis of products,
applications and end users.
On the basis of products, the market is segmented into personalized nutrition &
wellness,
personalized
medical
care,
personalized
diagnostic,
personalized
therapeutic. Personalized nutrition & wellness are further segmented into nutrition
care, alternative medicines care, medical retail, and others. Personalized medical
care is sub-segmented into telemedicine & remote patient monitoring, EMR, and
other.
On the basis of application, the Personalized medicines market is segmented into
disease treatment, biomarker identification, clinical research, and others. Disease
treatment segment is further segmented into oncology, psychiatry, infectious diseases,
cardiology, endocrinology, neurology, gastroenterology, rheumatology, and others.