Precision Medicine

BIS Research has created a knowledge pool by studying, analyzing, and providing in-depth analysis in the field of precision medicine and have released more than 50 studies on it.

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Precision Medicine

Precision medicine, also known as personalized medicine, is a new frontier for healthcare combining genomics, and big data analytics health. It refers to the medicine developed as per an individual’s genetic profile. It provides guidance regarding the prevention, diagnosis, and treatment of diseases.

Precision medicine is one of the most promising approaches to tackling diseases that have thus far eluded effective treatments or cures.

BIS healthcare offers ground-breaking research and in-depth analysis on the latest emerging trends in the precision medicine market providing insights into the market. The reports include information about the application of molecular biology to study the cause of a patient's disease at the molecular level. This way, target-based therapies or individualized therapies can be applied to cure the patient's health-related problems.

The personalized medicine market is segmented on the basis of product type, ecosystem application, and region. This helps highlight value propositions and business models useful for industry leaders and stakeholders. BIS Research’s research reports also cover country-level analysis of the precision medicine market growth, go-to-market strategies of leading players, future opportunities, among others, to detail the scope and provide 360-degree coverage of the domain.

The personalized medicine market is gaining traction due to the increasing awareness about healthcare among individuals. Integration of smart devices such as smartphones and tablets into healthcare, and increasing collaborations and agreements of IT firms with the diagnostics and pharmaceutical companies aids in the development of the precision medicine market.

BIS Research also provides insights into the precision medicine market size which was valued at $88.00 Billion in 2019. Reports show that the market is expected to reach $278.61 billion by the end of 2030 at a growth rate of CAGR of 11.13% during the forecast period, 2020-2030.

BIS Research’s research team has compiled more than 50 research studies featuring developments in the personalized medicine market, genomics market, and omics market, among others. BIS Research’s analysts help provide details as to the factors driving the growth of the precision medicine market. Like, advancement of sequencing technologies, rising prevalence of chronic diseases, growing demand for preventive care, and shifting the significance in medicine from reaction to prevention.

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