Pharmacogenomics Market Business Growth Demand, Strategies, Overview, Competitive Strategies and Forecasts 2020 – 2027

Research Reports

Jan 20, 2021

Market Size – USD 6.16 billion in 2019, Market Growth – CAGR of 8.7%, Market trends – Growing demand for personalized therapy.

The latest market intelligence report on the Pharmacogenomics market aims at exploring the unknown and coming up with solutions to the potential threats and challenges faced by the Pharmacogenomics market for the forecast period, 2020 – 2027. The global pharmacogenomics (PGx) market is growing at a substantial pace owing to the growing demand for personalized therapy, increasing prevalence of target chronic diseases, technological advancements, favorable government initiatives, availability of financial support for research and development.

Asia-Pacific regional segment of the market is expected to remain the highest growing segment during 2020-2027, at a CAGR 5.9% owing to increased initiatives taken for physical fitness by individual and funding provided by the government organizations.

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Pharmacogenomics has high demand; therefore, research centers invest a handful of the amount in their R&D, which fuels up the market growth by a large margin. Pharmacogenomics also may help to quickly identify the best drugs to treat people with certain mental health disorders. Cancer is another active area of pharmacogenomic research. Whether fighting a unique and fast-spreading disease like the novel coronavirus or treating a well-known common condition, genomics is increasingly being used to inform more personalized and cost-effective strategies for drug development and use. Such advantages are expected to foster the market significantly during the forecast period.

Clinical trials are now underway to learn whether genetic tests that predict SSRI response can improve patients’ outcomes. Pharmacogenomics, a cornerstone of precision medicine, is proving successful for many conditions. Increasing R&D will impact the market substantially in recent years.

Regional Scope- North America; Europe; Asia Pacific; Central & South America; MEA

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Key participants include Abbott Laboratories, Admera Health, LLC, Agena Biosciences, Inc., Cancer Genetics, Inc., Dynamic DNA Laboratories, F. Hoffmann-La Roche Ltd, geneOmbio Technologies Pvt Ltd., Genomic Health, Inc., Illumina, Inc., and Laboratory Corporation of America Holdings, among others.

Product and Services Outlook (Revenue, USD Billion; 2017-2027)

Products

Kits

Assays and Reagents

Instruments

Software

Services

Genotyping

SNP Identification

Pharmacogenetic Testing

Other Services

Technology Outlook (Revenue, USD Billion; 2017-2027)

Polymerase Chain Reaction (PCR)

Real-Time PCR

qPCR

Digital PCR

DNA Sequencing/Next Generation Sequencing (NGS)

Nucleic Acid Amplification Tests (NAATs)

Mass Spectrometry

Gel Electrophoresis

Hybridization

Fluorescence In Situ Hybridization (FISH)

Chromogenic In Situ Hybridization (CISH)

Others

Microarray

Others

Application Outlook (Revenue, USD Billion; 2017-2027)

Oncology

Infectious Diseases

Neurology/Psychiatry

Cardiovascular

Others

End-Use Outlook (Revenue, USD Billion; 2017-2027)

Research Organization

Pharmaceutical Companies

Diagnostic Centers

Others

Helping you establish a strong foothold in the industry

The Pharmacogenomics report highlights set of information related to pricing and the category of customers who are more than willing to pay for certain products and services. The information on opportunities as well as product features, determine which offerings or benefits command sale and identify the communications channels used by the market leaders to create premium positioning strategies as well as attract broadest share.

Browse the full report description @ https://www.emergenresearch.com/industry-report/pharmacogenomics-market

The research provides answers to the following key questions:

What is the estimated size of the Pharmacogenomics market for the forecast period, 2020 – 2027? What will be the growth rate of the industry during the estimated period?

What are the prominent driving forces likely to impact the progress of the industry across different regions?

Who are the major market players occupying a strong foothold in the Pharmacogenomics market? What are the winning strategies adopted by them to stay ahead in the competition?

What are the potential opportunities for the Pharmacogenomics market for the forecast period, 2020 – 2027?

What are the key trends expected to shape the development of the industry over the coming years?

What are the key restraints and challenges likely to hinder the growth of the Pharmacogenomics market worldwide?

Thank you for reading our report. For further information or queries about the report or customization options, please get in touch with us. We will ensure your report is tailored according to your requirements.

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