Global Precision Psychiatry Market

Focus on Product Type, Biomarker, Sample, Technology, Applications, End Users, Country Data (15 Countries), and Competitive Landscape - Analysis and Forecast, 2021-2026

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Report Description

Market Report Coverage - Precision Psychiatry
Forecast Period: 2021-2026
Market Size in 2020: $643.6 Million

Market Report Coverage - Precision Psychiatry

Base Year

2020

Market Size in 2020

$643.6 Million

Forecast Period

2021-2026

Value Projection and Estimation by 2026

$1,727.4 Million

CAGR During Forecast Period

17.26%

Number of Tables

16

Number of Pages

279

Number of Figures

212

Research Hours

240

 

 

Market Segmentation

•    Product Type– Products and Services

•    Sample Type – Blood-Based and Non-Blood-Based (Saliva, CSF, Urine, and others)

•    Biomarker Type – Genetic Biomarker and Protein Biomarker

•    Technology – Sequencing (NGS and Traditional Sequencing), Polymerase Chain Reaction (RT-PCR and dPCR), Microarray, Immunoassay, Liquid Chromatography/Mass Spectrometry and Other Technologies

•    Application – Alzheimer’s Disease, Parkinson’s Disease, Autism, Depression, Bipolar Disease, and Other Disorders

•    End User – Academic and Research Institutions, Hospitals and Diagnostic Laboratories, and Other End Users

Regional Segmentation

•    North America – U.S., and Canada

•    Europe – Germany, U.K., France, Italy, Spain, the Netherlands, and Rest-of-Europe

•    Asia-Pacific – China, Japan, India, Australia, South Korea, and Rest-of-Asia-Pacific

•    Latin America – Brazil, Mexico, and Rest-of-Latin America

•    Rest-of-the-World

Growth Drivers

•    Decreasing Cost of Sequencing

•    Increasing Adoption of Inorganic Growth Strategies

•    Global Increase in Mental Health Burden

Market Challenges

•    Lack of Established Regulatory Policies for Precision Diagnostics in the Field of Precision Psychiatry

•    Lack of Awareness for Precision Psychiatry Diagnostics

Market Opportunities

•    Increased Use of Precision Diagnostics for Drug Development by Pharmaceutical and Companion Diagnostics Companies

•    Massive Scope for Adoption of NGS-Based Genetic Tests in Emerging Markets

Key Companies Profiled

Illumina, Inc., F. Hoffmann-La Roche Ltd., Bio-Rad Laboratories, Inc., QIAGEN N.V., Quest Diagnostics Incorporated, ARUP Laboratories, Invitae Corporation, OPKO Health, Inc., Laboratory Corporation of America Holdings, Centogene N.V., Thermo Fisher Scientific Inc., Myriad Genetics, Inc., Konica Minolta, Inc., Fulgent Genetics, PreventionGenetics

Key Questions Answered in this Report:

How is the COVID-19 pandemic impacting the global precision psychiatry landscape?

•    How is precision psychiatry revolutionizing the field of mental health diagnostics?
•    What are the major market drivers, challenges, and opportunities in the global precision psychiatry market?
•    What are the underlying structures resulting in the emerging trends within the global precision psychiatry market?
•    How is the COVID-19 pandemic impacting the global precision psychiatry landscape?
•    What are the key development strategies that are being implemented by the major players in order to sustain in the competitive market?
•    What are the key regulatory implications in developed and developing regions pertaining to precision psychiatry?
•    What are the potential entry barriers, which are expected to be faced by the companies willing to enter a particular region? 
•    How is each segment of the market expected to grow during the forecast period from 2021 to 2026, and what is the anticipated revenue to be generated by each of the segments? Following are the segments:
        o    Product Type (Products and Services)
        o    Sample (Blood-Based and Non-Blood-Based)
        o    Biomarker (Genetic Biomarkers and Protein)
        o    Technology (Sequencing, PCR, Microarray, Immunoassay, LC/MS, and Others)
        o    Application (Parkinson’s Disease, Autism, Alzheimer’s Disease, Depression, Schizophrenia, Bipolar Disorder, and Others)
        o    End User (Hospitals and Diagnostic Laboratories, Academic and Research Institutions, and Others)
        o    Region (North America, Europe, Asia-Pacific, Latin America, and Rest-of-the-World)
•    What are the growth opportunities for the companies in the region of their operation?
•    Who are the leading players with significant offerings in the global precision psychiatry market? 
•    Which companies are anticipated to be highly disruptive in the future, and why?
•    What are the current unmet needs that are being faced in the global precision psychiatry market?

Market Overview

The global market for precision psychiatry is predicted to grow at a CAGR of 17.26% over the forecast period of 2021-2026.

Our healthcare experts have found the precision psychiatry market to be one of the most rapidly evolving and dynamic markets, and the global market for precision psychiatry is predicted to grow at a CAGR of 17.26% over the forecast period of 2021-2026. The market is driven by certain factors, which include decreasing cost of sequencing, increasing adoption of inorganic growth strategies, and global increase in mental health burden, that are fuelling the growth of the global precision psychiatry market.

The market is favored by the developments in the field of molecular diagnostics, which are used for the diagnosis and assessment of psychiatric disorders. Currently, the precision psychiatry industry is witnessing an upsurge due to the decreasing cost of sequencing, increasing adoption of inorganic growth strategies, and global increase in mental health burden. Additionally, the high adoption of advanced molecular diagnostic technologies by the researchers to conduct genomic and proteomic analysis related to the onset and manifestation of psychiatric disorders are some of the critical factors that are expected to bolster the market growth.

Furthermore, biotechnology companies are focusing on the development of robust precision psychiatry solutions for a wide range of applications to support clinicians in conducting an in-depth molecular analysis.

Within the research report, the market is segmented on the basis of product type, biomarker, sample, technology, application, end user, and region. Each of these segments covers the snapshot of the market over the projected years, the inclination of the market revenue, underlying patterns, and trends by using analytics on the primary and secondary data obtained.

Competitive Landscape

The exponential rise in the number of cases associated with psychiatric disorders has created a buzz among the biotechnology companies to further invest in the development of molecular diagnostics for the assessment of mental disorders, further aiding clinicians to offer precision medicine. Due to the presence of a diverse product portfolio and intense market penetration, Quest Diagnostics Incorporated has been a pioneer in the precision psychiatry ecosystem.

On the basis of region, North America holds the largest share of the precision psychiatry market due to high infusion of funding from the government organizations for conducting research on psychiatric disorders, growing prevalence of mental disorders, growing awareness about precision medicine, and increasing awareness about early detection, among others. Apart from this, the Asia-Pacific region is anticipated to grow at the fastest CAGR of 20.54% during the forecast period, 2021-2026.

Table of Contents

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1.1    Inclusion and Exclusion

2.1    Scope of the Study
2.2    Key Questions Answered in the Report

3.1    Global Precision Psychiatry Market: Research Methodology
3.2    Data Sources
         3.2.1    Primary Data Sources
         3.2.2    Secondary Data Sources
3.3    Market Estimation Model
3.4    Criteria for Company Profiling

4.1    Market Definition
4.2    Market Footprint and Growth Potential
4.3    Future Potential
4.4    COVID-19 Impact: Global Precision Psychiatry Market

5.1    Overview
5.2    Market Drivers
         5.2.1    Decreasing Cost of Sequencing
         5.2.2    Increasing Adoption of Inorganic Growth Strategies in the Market
         5.2.3    Global Increase in Mental Health Burden
5.3    Market Restraints
         5.3.1    Lack of Established Regulatory Policies for Precision Diagnostics in the Field of Precision Psychiatry
         5.3.2    Lack of Awareness for Precision Psychiatry Diagnostics
5.4    Market Opportunities
         5.4.1    Increased Use of Precision Diagnostics for Drug Development by Pharmaceutical and Companion Diagnostics Companies
         5.4.2    Massive Scope for Adoption of NGS-based Genetic Tests in Emerging Markets

6.1    Overview
6.2    Legal Requirements and Framework in the U.S.
         6.2.1    FDA Regulation
         6.2.2    CMS Regulation
6.3    Legal Requirements and Framework in Europe
6.4    Legal Requirements and Framework in Asia-Pacific
         6.4.1    China
         6.4.2    Japan
         6.4.3    South Korea
         6.4.4    Australia

7.1    Product Launches
7.2    Product Approvals and Designations
7.3    Synergistic Activities
7.4    Acquisitions
7.5    Funding
7.6    Market Share Analysis, by Company, 2019–2020
7.7    Growth Share Analysis
         7.7.1    Growth Share Analysis (by Company)

8.1    Overview
8.2    Products
8.3    Services

9.1    Overview
9.2    Genetic Biomarkers
         9.2.1    Genetic Biomarkers (by Application)
                     9.2.1.1    Parkinson’s Disease
                     9.2.1.2    Autism
                     9.2.1.3    Alzheimer's Disease
                     9.2.1.4    Depression
                     9.2.1.5    Schizophrenia
                     9.2.1.6    Bipolar Disorder
                     9.2.1.7    Other Applications
9.3    Protein Biomarkers
         9.3.1    Protein Biomarkers (by Application)
                     9.3.1.1    Parkinson’s Disease
                     9.3.1.2    Autism
                     9.3.1.3    Alzheimer's Disease
                     9.3.1.4    Depression
                     9.3.1.5    Schizophrenia
                     9.3.1.6    Bipolar Disorder
                     9.3.1.7    Other Applications

10.1    Overview
10.2    Blood-Based
10.3    Non-Blood-Based
           10.3.1    Saliva
           10.3.2    Urine
           10.3.3    Cerebral Spinal Fluid (CSF)
           10.3.4    Others

11.1    Overview
11.2    Sequencing
           11.2.1    Next-Generation Sequencing (NGS)
           11.2.2    Sanger Sequencing
11.3    Polymerase Chain Reaction (PCR)
           11.3.1    Real-Time Polymerase Chain Reaction (RT-PCR)
           11.3.2    Digital Polymerase Chain Reaction (dPCR)
11.4    Microarray
11.5    Immunoassay
11.6    Liquid Chromatography-Mass Spectrometry (LC-MS)
11.7    Other Technologies

12.1    Overview
12.2    Alzheimer’s Disease
           12.2.1    Global Precision Psychiatry Market for Alzheimer’s Disease (by Technology)
12.3    Parkinson’s Disease
           12.3.1    Global Precision Psychiatry Market for Parkinson’s Disease (by Technology)
12.4    Autism
           12.4.1    Global Precision Psychiatry Market for Autism (by Technology)
12.5    Depression
           12.5.1    Global Precision Psychiatry Market for Depression (by Technology)
12.6    Schizophrenia
           12.6.1    Global Precision Psychiatry Market for Schizophrenia (by Technology)
12.7    Bipolar Disorder
           12.7.1    Global Precision Psychiatry Market for Bipolar Disorder (by Technology)
12.8    Other Applications

13.1    Overview
13.2    Hospitals and Diagnostic Laboratories
13.3    Academic and Research Institutions
13.4    Other End Users

14.1    Overview
14.2    North America
           14.2.1    U.S.
           14.2.2    Canada
14.3    Europe
           14.3.1    Germany
           14.3.2    UK.
           14.3.3    France
           14.3.4    Italy
           14.3.5    Spain
           14.3.6    Netherlands
           14.3.7    Rest-of-Europe
14.4    Asia-Pacific
           14.4.1    China
           14.4.2    Japan
           14.4.3    South Korea
           14.4.4    Australia
           14.4.5    India
           14.4.6    Rest-of-Asia-Pacific
14.5    Latin America
           14.5.1    Brazil
           14.5.2    Mexico
           14.5.3    Rest-of-Latin America
14.6    Rest-of-the-World (RoW)

15.1    Overview
15.2    Illumina, Inc.
           15.2.1    Company Overview
           15.2.2    Role of Illumina, Inc. in the Global Precision Psychiatry Market
           15.2.3    Financials
           15.2.4    Key Insights About Financial Health of the Company
           15.2.5    SWOT Analysis
15.3    F. Hoffmann-La Roche Ltd.
           15.3.1    Company Overview
           15.3.2    Role of F. Hoffmann-La Roche Ltd in the Global Precision Psychiatry Market
           15.3.3    Financials
           15.3.4    Key Insights About Financial Health of the Company
           15.3.5    SWOT Analysis
15.4    Bio-Rad Laboratories, Inc.
           15.4.1    Company Overview
           15.4.2    Role of Bio-Rad Laboratories, Inc. in the Global Precision Psychiatry Market
           15.4.3    Financials
           15.4.4    Key Insights About Financial Health of the Company
           15.4.5    SWOT Analysis
15.5    QIAGEN N.V.
           15.5.1    Company Overview
           15.5.2    Role of QIAGEN N.V. in the Global Precision Psychiatry Market
           15.5.3    Financials
           15.5.4    Key Insights about Financial Health of the Company
           15.5.5    SWOT Analysis
15.6    Quest Diagnostics Incorporated
           15.6.1    Company Overview
           15.6.2    Role of Quest Diagnostics Incorporated in the Global Precision Psychiatry Market
           15.6.3    Financials
           15.6.4    SWOT Analysis
15.7    ARUP Laboratories
           15.7.1    Company Overview
           15.7.2    Role of ARUP Laboratories in the Global Precision Psychiatry Market
           15.7.3    SWOT Analysis
15.8    Invitae Corporation
           15.8.1    Company Overview
           15.8.2    Role of Invitae Corporation, Inc. in the Global Precision Psychiatry Market
           15.8.3    Financials
           15.8.4    Key Insights About Financial Health of the Company
           15.8.5    SWOT Analysis
15.9    OPKO Health, Inc.
           15.9.1    Company Overview
           15.9.2    Role of OPKO Health, Inc. in the Global Precision Psychiatry Market
           15.9.3    Financials
           15.9.4    Key Insights About Financial Health of the Company
           15.9.5    SWOT Analysis
15.10    Laboratory Corporation of America Holdings
             15.10.1    Company Overview
             15.10.2    Role of Laboratory Corporation of America Holdings in the Global Precision Psychiatry Market
             15.10.3    Financials
             15.10.4    SWOT Analysis
15.11    CENTOGENE N.V.
             15.11.1    Company Overview
             15.11.2    Role of CENTOGENE N.V. in Precision Psychiatry Market
             15.11.3    Financials
             15.11.4    Key Insights About Financial Health of the Company
             15.11.5    SWOT Analysis
15.12    Thermo Fisher Scientific Inc.
             15.12.1    Company Overview
             15.12.2    Role of Thermo Fisher Scientific Inc. in Global Precision Psychiatry Market
             15.12.3    Financials
             15.12.4    Key Insights About Financial Health of the Company
             15.12.5    SWOT Analysis
15.13    Myriad Genetics, Inc.
             15.13.1    Company Overview
             15.13.2    Role of Myriad Genetics, Inc. in the Global Precision Psychiatry Market
             15.13.3    Financials
             15.13.4    Key Insights About Financial Health of the Company
             15.13.5    SWOT Analysis
15.14    Konica Minolta, Inc.
             15.14.1    Company Overview
             15.14.2    Role of Konica Minolta, Inc. in the Global Precision Psychiatry Market
             15.14.3    Financials
             15.14.4    Key Insights About Financial Health of the Company
             15.14.5    SWOT Analysis
15.15    Fulgent Genetics
             15.15.1    Company Overview
             15.15.2    Role of Fulgent Genetics in the Global Precision Psychiatry Market
             15.15.3    Financials
             15.15.4    Key Insights About Financial Health of the Company
             15.15.5    SWOT Analysis
15.16    PreventionGenetics
             15.16.1    Company Overview
             15.16.2    Role of the PreventionGenetics in the Global Precision Psychiatry Market
             15.16.3    SWOT Analysis

Table 8.1:    Products Offered by Key Players
Table 8.2:    Services Offered by Key Players
Table 12.1:    Precision Psychiatry Products for Alzheimer’s Disease
Table 12.2:    Precision Psychiatry Services for Alzheimer’s Disease
Table 12.3:    Precision Psychiatry Products for Parkinson’s Disease
Table 12.4:    Precision Psychiatry Services for Parkinson’s Disease
Table 12.5:    Precision Psychiatry Products for Autism
Table 12.6:    Precision Psychiatry Services for Autism
Table 12.7:    Precision Psychiatry Products for Depression
Table 12.8:    Precision Psychiatry Service for Depression
Table 12.9:    Precision Psychiatry Products for Schizophrenia
Table 12.10:    Precision Psychiatry Services for Schizophrenia
Table 12.11:    Precision Psychiatry Products for Bipolar Disorder
Table 12.12:    Precision Psychiatry Service for Bipolar Disorder
Table 12.13:    Precision Psychiatry Products for Other Applications
Table 12.14:    Precision Psychiatry Service for Other Applications

Figure 1:    Global Burden of Prominent Psychiatric Disorders (2014-2019)
Figure 2:    Impact Analysis of Market Drivers and Market Challenges on Global Precision Psychiatry Market
Figure 3:    Global Precision Psychiatry Market (by Product Type), $Million, 2020 Vs. 2026
Figure 4:    Global Precision Psychiatry Market (by Biomarker), $Million, 2020 Vs. 2026
Figure 5:    Global Precision Psychiatry Market (by Sample), $Million, 2020 Vs. 2026
Figure 6:    Global Precision Psychiatry Market (by Technology), $Million, 2020 Vs. 2026
Figure 7:    Global Precision Psychiatry Market (by Application), $Million, 2020 Vs. 2026
Figure 8:    Global Precision Psychiatry Market (by End User), $Million, 2020 Vs. 2026
Figure 9:    Global Precision Psychiatry: Market Snapshot
Figure 2.1:    Global Precision Psychiatry Market: Segmentation
Figure 3.1:    Global Precision Psychiatry Market: Methodology
Figure 3.2:    Primary Research Methodology
Figure 3.3:    Bottom-Up Approach (Segment-Wise Analysis)
Figure 3.4:    Top-Down Approach (Segment-Wise Analysis)
Figure 4.1:    Global Precision Psychiatry Market, $Million, 2020-2026
Figure 4.2:    Global Precision Psychiatry Market: COVID-19 Impact
Figure 5.1:    Decreasing Cost and Increasing Output (TB) of Genome Sequencing  (2009-2025)
Figure 5.2:    Synergistic Activities, FY2017-FY2020
Figure 5.3:    Global Burden of Prominent Psychiatric Disorders (2014-2019)
Figure 6.1:    FDA IVD Classification and Regulatory Process
Figure 6.2:    Key Changes in EU IVD Regulation 2017/746
Figure 6.3:    Europe’s IVD Regulatory Approval Process
Figure 6.4:    Medical Device Regulatory Approval Process in China
Figure 6.5:    Medical Device Regulatory Approval Process in South Korea
Figure 6.6:    Classification of IVD Devices
Figure 6.7:    Medical Device (IVDs) Regulatory Approval Process in Australia
Figure 7.1:    Share of Key Developments and Strategies, January 2017–March 2021
Figure 7.2:    Share of Product Launched (by Company), January 2017–March 2021
Figure 7.3:    Share of Product Approvals and Designations (by Company), January 2017-March 2021
Figure 7.4:    Share of Synergistic Activities (by Company), January 2017-March 2021
Figure 7.5:    Share of Acquisitions (by Company), January 2017-March 2021
Figure 7.6:    Share of Funding (by Company), January 2017-March 2021
Figure 7.7:    Market Share Analysis for Global Precision Psychiatry Market,  2019 and 2020
Figure 7.8:    Growth Share Analysis for Global Precision Psychiatry Market  (by Company), 2020
Figure 8.1:    Global Precision Psychiatry Market (by Product Type)
Figure 8.2:    Global Precision Psychiatry Market (by Product Type), 2020-2026
Figure 8.3:    Global Precision Psychiatry Market (Product), $Million, 2020-2026
Figure 8.4:    Global Precision Psychiatry Market (Services), $Million, 2020-2026
Figure 9.1:    Global Precision Psychiatry Market (by Biomarker Type), $Million, 2020-2026
Figure 9.2:    Global Precision Psychiatry Market (by Biomarker Type), 2020 and 2026
Figure 9.3:    Global Precision Psychiatry Market (Genetic Biomarkers), $Million, 2020-2026
Figure 9.4:    Global Precision Psychiatry Market for Genetic Biomarkers (Parkinson’s Disease), $Million, 2020-2026
Figure 9.5:    Global Precision Psychiatry Market for Genetic Biomarkers (Autism), $Million, 2020-2026
Figure 9.6:    Global Precision Psychiatry Market for Genetic Biomarkers (Alzheimer’s Disease), $Million, 2020-2026
Figure 9.7:    Global Precision Psychiatry Market for Genetic Biomarkers (Depression), $Million, 2020-2026
Figure 9.8:    Global Precision Psychiatry Market for Genetic Biomarkers (Schizophrenia), $Million, 2020-2026
Figure 9.9:    Global Precision Psychiatry Market for Genetic Biomarkers (Bipolar Disorder), $Million, 2020-2026
Figure 9.10:    Global Precision Psychiatry Market for Genetic Biomarkers (Other Applications), $Million, 2020-2026
Figure 9.11:    Global Precision Psychiatry Market (Protein Biomarkers), $Million, 2020-2026
Figure 9.12:    Global Precision Psychiatry Market for Protein Biomarkers (Parkinson’s Disease), $Million, 2020-2026
Figure 9.13:    Global Precision Psychiatry Market for Protein Biomarkers (Autism), $Million, 2020-2026
Figure 9.14:    Global Precision Psychiatry Market for Protein Biomarkers (Alzheimer’s Disease), $Million, 2020-2026
Figure 9.15:    Global Precision Psychiatry Market for Protein Biomarkers (Depression), $Million, 2020-2026
Figure 9.16:    Global Precision Psychiatry Market for Protein Biomarkers (Schizophrenia), $Million, 2020-2026
Figure 9.17:    Global Precision Psychiatry Market for Protein Biomarkers (Bipolar Disorder), $Million, 2020-2026
Figure 9.18:    Global Precision Psychiatry Market for Protein Biomarkers (Other Applications), $Million, 2020-2026
Figure 10.1:    Global Precision Psychiatry Market (by Sample)
Figure 10.2:    Global Precision Psychiatry Market (by Sample), 2020-2026
Figure 10.3:    Global Precision Psychiatry Market (Blood-Based), $Million, 2020-2026
Figure 10.4:    Global Precision Psychiatry Market (Non-Blood-Based), $Million, 2020-2026
Figure 10.5:    Global Precision Psychiatry Market (by Non-Blood-based Samples), $Million,  2020-2026
Figure 10.6:    Global Precision Psychiatry Market (Saliva), $Million, 2020-2026
Figure 10.7:    Global Precision Psychiatry Market (Urine), $Million, 2020-2026
Figure 10.8:    Global Precision Psychiatry Market (CSF), $Million, 2020-2026
Figure 10.9:    Global Precision Psychiatry Market (Other Samples), $Million, 2020-2026
Figure 11.1:    Global Precision Psychiatry Market (by Technology)
Figure 11.2:    Global Precision Psychiatry Market (by Technology), 2020-2026
Figure 11.3:    Global Precision Psychiatry Market (by Sequencing), $Million, 2020-2026
Figure 11.4:    Global Precision Medicine Market (by Sequencing), 2020 and 2026
Figure 11.5:    Global Precision Psychiatry Market (by NGS), $Million, 2020-2026
Figure 11.6:    Global Precision Psychiatry Market (by Sanger Sequencing), $Million,  2020-2026
Figure 11.7:    Global Precision Psychiatry Market (by PCR), $Million, 2020-2026
Figure 11.8:    Global Precision Psychiatry Market (by PCR), 2020 and 2026
Figure 11.9:    Global Precision Psychiatry Market (RT-PCR), $Million, 2020-2026
Figure 11.10:    Global Precision Psychiatry Market (dPCR), $Million, 2020-2026
Figure 11.11:    Global Precision Psychiatry Market (Microarray), $Million, 2020-2026
Figure 11.12:    Global Precision Psychiatry Market (Immunoassay), $Million, 2020-2026
Figure 11.13:    Global Precision Psychiatry Market (LC-MS), $Million, 2020-2026
Figure 11.14:    Global Precision Psychiatry Market (Others Technologies), $Million,  2020-2026
Figure 12.1:    Global Precision Psychiatry Market (by Application)
Figure 12.2:    Global Precision Psychiatry Market (by Application), $Million, 2020-2026
Figure 12.3:    Global Precision Psychiatry Market (Alzheimer’s Disease), $Million, 2020-2026
Figure 12.4:    Growth-Share Analysis for Global Precision Psychiatry Market for Alzheimer’s Disease (by Technology), 2020-2026
Figure 12.5:    Global Precision Psychiatry Market (Parkinson’s Disease), $Million, 2020-2026
Figure 12.6:    Growth-Share Analysis for Global Precision Psychiatry Market for Parkinson’s Disease (by Technology), 2020-2026
Figure 12.7:    Global Precision Psychiatry Market (Autism), $Million, 2020-2026
Figure 12.8:    Growth-Share Analysis for Global Precision Psychiatry Market for Autism (by Technology), 2020-2026
Figure 12.9:    Global Precision Psychiatry Market (Depression), $Million, 2020-2026
Figure 12.10:    Growth-Share Analysis for Global Precision Psychiatry Market for Depression (by Technology), 2020-2026
Figure 12.11:    Global Precision Psychiatry Market (Schizophrenia), $Million, 2020-2026
Figure 12.12:    Growth-Share Analysis for Global Precision Psychiatry Market for Schizophrenia (by Technology), 2020-2026
Figure 12.13:    Global Precision Psychiatry Market (Bipolar Disorder), $Million, 2020-2026
Figure 12.14:    Growth-Share Analysis for Global Precision Psychiatry Market for Bipolar Disorder (by Technology), 2020-2026
Figure 12.15:    Global Precision Psychiatry Market (Other Applications), $Million, 2020-2026
Figure 13.1:    Global Precision Psychiatry Market (by End User)
Figure 13.2:    Global Precision Psychiatry Market (by End User), $Million, 2020-2026
Figure 13.3:    Global Precision Psychiatry Market (Hospitals and Diagnostic Laboratories), $Million, 2020-2026
Figure 13.4:    Global Precision Psychiatry Market (Academic and Research Institutions), $Million, 2020-2026
Figure 13.5:    Global Precision Psychiatry Market (Other End Users), $Million, 2020-2026
Figure 14.1:    Global Precision Psychiatry Market (by Region), 2020 and 2026
Figure 14.2:    Global Precision Psychiatry Market (by Region), $Million, 2020-2026
Figure 14.3:    Global Precision Psychiatry Market (by Region), 2020-2026
Figure 14.4:    North America Precision Psychiatry Market, $Million, 2020-2026
Figure 14.5:    North America: Market Dynamics
Figure 14.6:    North America Precision Psychiatry Market (by Country), $Million,  2020-2026
Figure 14.7:    U.S. Precision Psychiatry Market, $Million, 2020-2026
Figure 14.8:    Canada Precision Psychiatry Market, $Million, 2020-2026
Figure 14.9:    Europe Precision Psychiatry Market, $Million, 2020-2026
Figure 14.10:    Europe: Market Dynamics
Figure 14.11:    Europe Precision Psychiatry Market (by Country), $Million, 2020-2026
Figure 14.12:    Germany Precision Psychiatry Market, $Million, 2020-2026
Figure 14.13:    U.K. Precision Psychiatry Market, $Million, 2020-2026
Figure 14.14:    France Precision Psychiatry Market, $Million, 2020-2026
Figure 14.15:    Italy Precision Psychiatry Market, $Million, 2020-2026
Figure 14.16:    Spain Precision Psychiatry Market, $Million, 2020-2026
Figure 14.17:    Netherlands Precision Psychiatry Market, $Million, 2020-2026
Figure 14.18:    Rest-of-Europe Market, $Million, 2020-2026
Figure 14.19:    Asia-Pacific Precision Psychiatry Market, $Million, 2020-2026
Figure 14.20:    APAC: Market Dynamics
Figure 14.21:    APAC Precision Psychiatry Market (by Country), $Million, 2020-2026
Figure 14.22:    China Precision Psychiatry Market, $Million, 2020-2026
Figure 14.23:    Japan Precision Psychiatry Market, $Million, 2020-2026
Figure 14.24:    South Korea Precision Psychiatry Market, $Million, 2020-2026
Figure 14.25:    Australia Precision Psychiatry Market, $Million, 2020-2026
Figure 14.26:    India Precision Psychiatry Market, $Million, 2020-2026
Figure 14.27:    RoAPAC Precision Psychiatry Market, $Million, 2020-2026
Figure 14.28:    Latin America Precision Psychiatry Market, $Million, 2020-2026
Figure 14.29:    Latin America: Market Dynamics
Figure 14.30:    Latin America Precision Psychiatry Market (by Country), $Million,  2020-2026
Figure 14.31:    Brazil Precision Psychiatry Market, $Million, 2020-2026
Figure 14.32:    Mexico Precision Psychiatry Market, $Million, 2020-2026
Figure 14.33:    Rest-of-Latin America Precision psychiatry Market, $Million,  2020-2026
Figure 14.34:    RoW Precision Psychiatry Market, $Million, 2021-2026
Figure 15.1:    Total Number of Companies Profiled
Figure 15.2:    Illumina, Inc.: Product Portfolio
Figure 15.3:    Illumina, Inc.: Overall Financials, 2018-2020
Figure 15.4:    Illumina, Inc.: Revenue (by Segment), 2018-2020
Figure 15.5:    Illumina, Inc.: Revenue (by Region), 2018-2020
Figure 15.6:    Illumina, Inc.: R&D Expenditure, 2018-2020
Figure 15.7:    Illumina, Inc.: SWOT Analysis
Figure 15.8:    F. Hoffmann-La Roche Ltd: Portfolio
Figure 15.9:    F. Hoffmann-La Roche Ltd: Overall Financials, 2018-2020
Figure 15.10:    F. Hoffmann-La Roche Ltd: Sales (by Segment), 2018-2020
Figure 15.11:    F. Hoffmann-La Roche Ltd: Sales (by Region), 2018-2020
Figure 15.12:    F. Hoffmann-La Roche Ltd: R&D Expenditure, 2018-2020
Figure 15.13:    F. Hoffmann-La Roche: SWOT Analysis
Figure 15.14:    Bio-Rad Laboratories, Inc.: Portfolio
Figure 15.15:    Bio-Rad Laboratories, Inc.: Overall Financials, 2018-2020
Figure 15.16:    Bio-Rad Laboratories, Inc.: Revenue (by Segment), 2018-2020
Figure 15.17:    Bio-Rad Laboratories, Inc.: Revenue (by Region), 2018-2020
Figure 15.18:    Bio-Rad Laboratories, Inc.: R&D Expenditure, 2018-2020
Figure 15.19:    Bio-Rad Laboratories, Inc.: SWOT Analysis
Figure 15.20:    QIAGEN N.V.: Portfolio
Figure 15.21:    QIAGEN N.V.: Overall Financials, 2018-2020
Figure 15.22:    QIAGEN N.V.: Revenue (by Segment), 2018-2020
Figure 15.23:    QIAGEN N.V.: Revenue (by Region), 2018-2020
Figure 15.24:    QIAGEN N.V.: R&D Expenditure, 2018-2020
Figure 15.25:    QIAGEN N.V.: SWOT Analysis
Figure 15.26:    Quest Diagnostics Incorporated: Portfolio
Figure 15.27:    Quest Diagnostics Incorporated: Overall Financials, 2018-2020
Figure 15.28:    Quest Diagnostics Incorporated: Revenue (by Business Segment),  2018-2020
Figure 15.29:    Quest Diagnostics Incorporated: SWOT Analysis
Figure 15.30:    ARUP Laboratories: Portfolio
Figure 15.31:    ARUP Laboratories: SWOT Analysis
Figure 15.32:    Invitae Corporation: Portfolio
Figure 15.33:    Invitae Corporation: Overall Financials, 2018-2020
Figure 15.34:    Invitae Corporation: Revenue (by Segment), 2018-2020
Figure 15.35:    Invitae Corporation: Revenue (by Geography), 2018-2020
Figure 15.36:    Invitae Corporation: R&D Expenditure, 2018-2020
Figure 15.37:    Invitae Corporation: SWOT Analysis
Figure 15.38:    OPKO Health, Inc.: Portfolio
Figure 15.39:    OPKO Health, Inc.: Overall Financials, 2018-2020
Figure 15.40:    OPKO Health, Inc.: Revenue (by Segment), 2018-2020
Figure 15.41:    OPKO Health, Inc.: Revenue (by Region), 2018-2020
Figure 15.42:    OPKO Health, Inc.: R&D Expenditure, 2018-2020
Figure 15.43:    OPKO Health, Inc.: SWOT Analysis
Figure 15.44:    Laboratory Corporation of America Holdings: Portfolio
Figure 15.45:    Laboratory Corporation of America Holdings: Overall Financials, 2018-2020
Figure 15.46:    Laboratory Corporation of America Holdings: Revenue (by Segment),  2018-2020
Figure 15.47:    Laboratory Corporation of America Holdings: Revenue (by Region), 2019
Figure 15.48:    Laboratory Corporation of America Holdings: SWOT Analysis
Figure 15.49:    CENTOGENE N.V.: Overall Product Portfolio
Figure 15.50:    CENTOGENE N.V.: Overall Financials, 2017-2019
Figure 15.51:    CENTOGENE N.V.: Revenue (by Segment), 2017-2019
Figure 15.52:    CENTOGENE N.V.: Sales (by Region), 2017-2019
Figure 15.53:    CENTOGENE N.V.: R&D Expenditure, 2017-2019
Figure 15.54:    CENTOGENE N.V.: SWOT Analysis
Figure 15.55:    Thermo Fisher Scientific, Inc.: Product Portfolio
Figure 15.56:    Thermo Fisher Scientific Inc.: Overall Financials, 2018-2020
Figure 15.57:    Thermo Fisher Scientific Inc.: Revenue (by Business Segment), 2018-2020
Figure 15.58:    Thermo Fisher Scientific Inc.: Revenue (by Region), 2018-2020
Figure 15.59:    Thermo Fisher Scientific Inc.: R&D Expenditure, 2018-2020
Figure 15.60:    Thermo Fisher Scientific Inc.: SWOT Analysis
Figure 15.61:    Myriad Genetics, Inc.: Product Portfolio
Figure 15.62:    Myriad Genetics, Inc.: Overall Financials, 2018-2020
Figure 15.63:    Myriad Genetics, Inc.: Revenue (by Business Segment), 2018-2020
Figure 15.64:    Myriad Genetics, Inc.: R&D Expenditure, 2018-2020
Figure 15.65:    Myriad Genetics, Inc.: SWOT Analysis
Figure 15.66:    Konica Minolta, Inc: Product portfolio
Figure 15.67:    Konica Minolta, Inc.: Overall Financials, 2017-2019
Figure 15.68:    Konica Minolta, Inc.: Revenue (by Business Segment), 2017-2019
Figure 15.69:    Konica Minolta, Inc.: Regional revenue, 2017-2019
Figure 15.70:    Konica Minolta, Inc.: R&D Expenditure, 2017-2019
Figure 15.71:    Konica Minolta, Inc: SWOT Analysis
Figure 15.72:    Fulgent Genetics: Product Portfolio
Figure 15.73:    Fulgent Genetics: Overall Financials, 2018-2020
Figure 15.74:    Fulgent Genetics: Revenue (by Business Segment), 2018-2020
Figure 15.75:    Fulgent Genetics: Revenue (by Region), 2018-2020
Figure 15.76:    Fulgent Genetics: R&D Expenditure, 2018-2020
Figure 15.77:    Fulgent Genetics: SWOT Analysis
Figure 15.78:    PreventionGenetics: Product portfolio
Figure 15.79:    PreventionGenetics: SWOT Analysis

Report Description

Market Report Coverage - Precision Psychiatry

Base Year

2020

Market Size in 2020

$643.6 Million

Forecast Period

2021-2026

Value Projection and Estimation by 2026

$1,727.4 Million

CAGR During Forecast Period

17.26%

Number of Tables

16

Number of Pages

279

Number of Figures

212

Research Hours

240

 

 

Market Segmentation

•    Product Type– Products and Services

•    Sample Type – Blood-Based and Non-Blood-Based (Saliva, CSF, Urine, and others)

•    Biomarker Type – Genetic Biomarker and Protein Biomarker

•    Technology – Sequencing (NGS and Traditional Sequencing), Polymerase Chain Reaction (RT-PCR and dPCR), Microarray, Immunoassay, Liquid Chromatography/Mass Spectrometry and Other Technologies

•    Application – Alzheimer’s Disease, Parkinson’s Disease, Autism, Depression, Bipolar Disease, and Other Disorders

•    End User – Academic and Research Institutions, Hospitals and Diagnostic Laboratories, and Other End Users

Regional Segmentation

•    North America – U.S., and Canada

•    Europe – Germany, U.K., France, Italy, Spain, the Netherlands, and Rest-of-Europe

•    Asia-Pacific – China, Japan, India, Australia, South Korea, and Rest-of-Asia-Pacific

•    Latin America – Brazil, Mexico, and Rest-of-Latin America

•    Rest-of-the-World

Growth Drivers

•    Decreasing Cost of Sequencing

•    Increasing Adoption of Inorganic Growth Strategies

•    Global Increase in Mental Health Burden

Market Challenges

•    Lack of Established Regulatory Policies for Precision Diagnostics in the Field of Precision Psychiatry

•    Lack of Awareness for Precision Psychiatry Diagnostics

Market Opportunities

•    Increased Use of Precision Diagnostics for Drug Development by Pharmaceutical and Companion Diagnostics Companies

•    Massive Scope for Adoption of NGS-Based Genetic Tests in Emerging Markets

Key Companies Profiled

Illumina, Inc., F. Hoffmann-La Roche Ltd., Bio-Rad Laboratories, Inc., QIAGEN N.V., Quest Diagnostics Incorporated, ARUP Laboratories, Invitae Corporation, OPKO Health, Inc., Laboratory Corporation of America Holdings, Centogene N.V., Thermo Fisher Scientific Inc., Myriad Genetics, Inc., Konica Minolta, Inc., Fulgent Genetics, PreventionGenetics

Key Questions Answered in this Report:

•    How is precision psychiatry revolutionizing the field of mental health diagnostics?
•    What are the major market drivers, challenges, and opportunities in the global precision psychiatry market?
•    What are the underlying structures resulting in the emerging trends within the global precision psychiatry market?
•    How is the COVID-19 pandemic impacting the global precision psychiatry landscape?
•    What are the key development strategies that are being implemented by the major players in order to sustain in the competitive market?
•    What are the key regulatory implications in developed and developing regions pertaining to precision psychiatry?
•    What are the potential entry barriers, which are expected to be faced by the companies willing to enter a particular region? 
•    How is each segment of the market expected to grow during the forecast period from 2021 to 2026, and what is the anticipated revenue to be generated by each of the segments? Following are the segments:
        o    Product Type (Products and Services)
        o    Sample (Blood-Based and Non-Blood-Based)
        o    Biomarker (Genetic Biomarkers and Protein)
        o    Technology (Sequencing, PCR, Microarray, Immunoassay, LC/MS, and Others)
        o    Application (Parkinson’s Disease, Autism, Alzheimer’s Disease, Depression, Schizophrenia, Bipolar Disorder, and Others)
        o    End User (Hospitals and Diagnostic Laboratories, Academic and Research Institutions, and Others)
        o    Region (North America, Europe, Asia-Pacific, Latin America, and Rest-of-the-World)
•    What are the growth opportunities for the companies in the region of their operation?
•    Who are the leading players with significant offerings in the global precision psychiatry market? 
•    Which companies are anticipated to be highly disruptive in the future, and why?
•    What are the current unmet needs that are being faced in the global precision psychiatry market?

Market Overview

Our healthcare experts have found the precision psychiatry market to be one of the most rapidly evolving and dynamic markets, and the global market for precision psychiatry is predicted to grow at a CAGR of 17.26% over the forecast period of 2021-2026. The market is driven by certain factors, which include decreasing cost of sequencing, increasing adoption of inorganic growth strategies, and global increase in mental health burden, that are fuelling the growth of the global precision psychiatry market.

The market is favored by the developments in the field of molecular diagnostics, which are used for the diagnosis and assessment of psychiatric disorders. Currently, the precision psychiatry industry is witnessing an upsurge due to the decreasing cost of sequencing, increasing adoption of inorganic growth strategies, and global increase in mental health burden. Additionally, the high adoption of advanced molecular diagnostic technologies by the researchers to conduct genomic and proteomic analysis related to the onset and manifestation of psychiatric disorders are some of the critical factors that are expected to bolster the market growth.

Furthermore, biotechnology companies are focusing on the development of robust precision psychiatry solutions for a wide range of applications to support clinicians in conducting an in-depth molecular analysis.

Within the research report, the market is segmented on the basis of product type, biomarker, sample, technology, application, end user, and region. Each of these segments covers the snapshot of the market over the projected years, the inclination of the market revenue, underlying patterns, and trends by using analytics on the primary and secondary data obtained.

Competitive Landscape

The exponential rise in the number of cases associated with psychiatric disorders has created a buzz among the biotechnology companies to further invest in the development of molecular diagnostics for the assessment of mental disorders, further aiding clinicians to offer precision medicine. Due to the presence of a diverse product portfolio and intense market penetration, Quest Diagnostics Incorporated has been a pioneer in the precision psychiatry ecosystem.

On the basis of region, North America holds the largest share of the precision psychiatry market due to high infusion of funding from the government organizations for conducting research on psychiatric disorders, growing prevalence of mental disorders, growing awareness about precision medicine, and increasing awareness about early detection, among others. Apart from this, the Asia-Pacific region is anticipated to grow at the fastest CAGR of 20.54% during the forecast period, 2021-2026.

FAQ's

Q. What is the estimated growth rate global precision psychiatry market in the coming years?

The precision psychiatry market was estimated at $643.6 Million in 2020 and is expected to grow at a CAGR of 17.26% during the forecast period, 2021-2026.

Q. What are the possible opportunities that can boost the growth of the global precision psychiatry market

Possible opportunities that can boost the growth include increased use of precision diagnostics for drug development by pharmaceutical and companion diagnostics companies.

Q. What are factors driving the growth of global precision psychiatry market

Factors driving the growth of the market include decreasing cost of sequencing and increasing adoption of inorganic growth strategies.

Q. What are the applications for global precision psychiatry?

Applications for which precision psychiatry can be used include alzheimer’s, parkinson’s, autism, depression, bipolar disease, and other disorders.

Q. Which are the top market players operating in the global precision psychiatry market

Key companies operating in the market include Illumina, Inc., F. Hoffmann-La Roche Ltd., Bio-Rad Laboratories, Inc., QIAGEN N.V., Quest Diagnostics Incorporated, ARUP Laboratories, Invitae Corporation, OPKO Health, Inc., Laboratory Corporation of America Holdings, Centogene N.V., Thermo Fisher Scientific Inc., Myriad Genetics, Inc., Konica Minolta, Inc., Fulgent Genetics, PreventionGenetics

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