Pharmacogenomics Market 2020 Deep Study of Top Players, Regional Segmentation, CAGR Value, Market Size & Share, Revenue Forecast to 2024

Pharmacogenomics

The “Pharmacogenomics Market” report presents current circumstances of the industry, potential of the market in the present and the future prospects. The Pharmacogenomics market study also evaluates the market share, growth rate, and future trends. It also covers market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors & porter’s five forces analysis of industry. Further, the report studies the Pharmacogenomics market size, industry status and forecast, competition landscape and growth opportunity.

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Market Overview:

  • The propelling factors for the growth of the pharmacogenomics market include the increased expenditure in R&D and an increase in the rate of adverse reactions, which has led to the higher adoption of pharmacogenomics in the global market. The increasing focus on precision medicine, along with the need to enhance drug safety and efficacy, is also further fuelling the growth of this market.
  • The increasing focus on precision medicine is expected to augment the pharmacogenomics market, as the goal of the precision medicine approach is to integrate genetic and environmental information of particular diseases and/or their responses to particular treatments. This is done to determine or assist in targeted drug therapies, as well as in treatment procedures to be adopted to minimize the side effects and improve results, which will require pharmacogenomics extensively. For instance, in the United States, in 2015, the government announced a new precision medicine initiative to accelerate progress toward individualized care that takes genetic variability into account for various chronic disorders.
  • Pharmacogenomics is also helpful in cancer treatment and has proved to improve the survival of patients, and at the same time, has found to reduce the unnecessary cost due to unresponsive treatment by patients. Hence, pharmacogenomics for cancer therapy has led to a number of important discoveries in the current cancer treatment, hence, driving the market growth during the forecast period.
  • The increasing expenditure in R&D and an increase in the rate of adverse reactions have led to the higher adoption of pharmacogenomics in the global market. Furthermore, there is a rapid increase in the number of research studies related to sequencing, especially next-generation sequencing, which is expected to increase the demand for pharmacogenomic tests in the future.

    Top Key Players of Pharmacogenomics Market Are:

  • Abbott Laboratories Inc.
  • Biomerieux
  • AstraZeneca PLC
  • Bayer AG
  • Becton, Dickinson and Company
  • Bio
  • Rad Laboratories Inc.
  • F. Hoffmann
  • La Roche Ltd
  • Illumina Inc.
  • Qiagen
  • Thermo Fisher Scientific Inc.

    Reasons to buy:

    • In-depth analysis of the market on the global and regional level.
    • Major changes in market dynamics and competitive landscape.
    • Segmentation on the basis of type, application, geography and others.
    • Historical and future market research in terms of size, share, growth, volume & sales.
    • Major changes and assessment in market dynamics & developments.
    • Industry size & share analysis with industry growth and trends.
    • Emerging key segments and regions
    • Key business strategies by major market players and their key methods.
    • The research report covers size, share, trends and growth analysis of the Pharmacogenomics Market on the global and regional level.

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    Scope of the Report:

    As per the scope of this report, pharmacogenomics is defined as the branch of biotechnology where genomic information is used to study the effect of drugs on an individual, thus, providing accurate insights in making clinical decisions and further determining the most effective way of treatment by varying the dosages of drugs. The field of pharmacogenomics is predicted to treat a wide range of health problems, including cardiovascular diseases, Alzheimer’a disease, cancer, HIV/AIDS, and asthma, in the near future.

    Pharmacogenomics market covers the outlook for overall market status, size and share. The report provides complete coverage on major industry drivers, restraints, and their impact on market growth during the forecast period. Pharmacogenomics market report also presents the market competition landscape and a corresponding detailed analysis of the major vendor in the market. 

    Key Market Trends:

    Drug Discovery is the Segment under Application that is Expected to Grow the Fastest during the Forecast Period

    Pharmacogenomics is one of the major emerging trends in the field of medical science, which greatly influences the drug development process. With the use of pharmacogenomics, target identification by drugs has become relatively easy, which ensures much higher chances of success for the approval of drugs. In addition, out of 500 genes, only 50 disease genes have drug availability in the market today. This emphasizes the market opportunity in the future for different manufacturers to concentrate on drug discovery using pharmacogenomics.

    Pharmacogenomics has also found applications in the treatment of cancer patients, by anticipating the possible differences in drug response, resistance, efficacy, and toxicity of the chemotherapeutic and targeted immune biologic agents. Therefore, pharmacogenomics for cancer therapy has led to a number of important discoveries in the current cancer treatment, which has helped in the growth of the oncology segment of the market studied.

    North America holds the Largest Share of the Market and is Expected to Follow the Same Trend over the Forecast Period

    North America is expected to dominate the overall market, throughout the forecast period, due to the presence of high per capita healthcare expenditure, coupled with high patient awareness levels, and the high prevalence of target diseases. Moreover, the increasing preference for personalized treatment, along with its high adoption rate, is further contributing to the growth of the market.

    Pharmacogenomics Market Report contents include:

    – Analysis of the Pharmacogenomics market including revenues, future growth, market outlook

    – Historical data and forecast

    – Regional analysis including growth estimates

    – Analyzes the end user markets including growth estimates.

    – Profiles on Pharmacogenomics including products, sales/revenues, and market position

    – Market structure, market drivers and restraints.

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    Detailed TOC of Pharmacogenomics Market Report Are:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.2.1 Rising Focus on Precision Medicine
    4.2.2 Increasing Expenditure in R&D
    4.2.3 High Rate of Adverse Drug Reaction
    4.2.4 Enhancement of Drug Safety and Efficiency to Increase Success Rates in Pharmaceutical R&D
    4.3 Market Restraints
    4.3.1 Difficulties in Detecting Gene Variation that Affect Drug Response
    4.3.2 Reimbursement Issues
    4.4 Porter’s Five Forces Analysis
    4.4.1 Threat of New Entrants
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Bargaining Power of Suppliers
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Technology
    5.1.1 DNA Sequencing
    5.1.2 Microarray
    5.1.3 Polymerase Chain Reaction
    5.1.4 Electrophoresis
    5.1.5 Mass Spectrometry
    5.1.6 Other Technologies
    5.2 By Application
    5.2.1 Drug Discovery
    5.2.2 Neurology
    5.2.3 Oncology
    5.2.4 Pain Management
    5.2.5 Other Applications
    5.3 Geography
    5.3.1 North America
    5.3.1.1 United States
    5.3.1.2 Canada
    5.3.1.3 Mexico
    5.3.2 Europe
    5.3.2.1 Germany
    5.3.2.2 United Kingdom
    5.3.2.3 France
    5.3.2.4 Italy
    5.3.2.5 Spain
    5.3.2.6 Rest of Europe
    5.3.3 Asia-Pacific
    5.3.3.1 China
    5.3.3.2 Japan
    5.3.3.3 India
    5.3.3.4 Australia
    5.3.3.5 South korea
    5.3.3.6 Rest of Asia-Pacific
    5.3.4 Middle East & Africa
    5.3.4.1 GCC
    5.3.4.2 South Africa
    5.3.4.3 Rest of Middle East & Africa
    5.3.5 South America
    5.3.5.1 Brazil
    5.3.5.2 Argentina
    5.3.5.3 Rest of South America

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Abbott Laboratories Inc.
    6.1.2 Biomerieux
    6.1.3 AstraZeneca PLC
    6.1.4 Bayer AG
    6.1.5 Becton, Dickinson and Company
    6.1.6 Bio-Rad Laboratories Inc.
    6.1.7 F. Hoffmann-La Roche Ltd
    6.1.8 Illumina Inc.
    6.1.9 Qiagen
    6.1.10 Thermo Fisher Scientific Inc.

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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