Precision Oncology Market Share & Trends, CAGR of 9.9%, By End-User, By Technology, And Forecasts To 2027 | Novartis AG, Pfizer Inc., QIAGEN, Etc.

The advancement in healthcare is beneficial for patients, the pharmaceutical industry, and society.

Market Size – USD 49.98 Billion in 2019, Market Growth – CAGR of 9.9%, Market Trends – Improvement and advancement in cancer biology.

The global Precision Oncology market is forecast to reach USD 99.72 Billion by 2027, according to a new report by Reports and Data. Precision oncology categories, recent advances in cancer care have been closely associated with genomic medicine. Knowing the genetic mutations of unique tumors holds the promise of giving practitioners a higher capacity to command specific prescriptions to fight specific tumors types. Although, only a few tumors and tumor types have been correlated with specific genetic mutations. In some forms of breast cancer, doctors instantly have years of expertise in genomic analysis to determine the most appropriate methods for their patients.

The report is furnished with the latest market scenario pertaining to the COVID-19 pandemic and its after-effects on the Precision Oncology industry and the key segments. The pandemic has disrupted the workflow of the industry and created financial difficulties. The report assesses the complete impact of the pandemic on the market and offers key insights into the market scenario along with trends and demands disruptions. The report also offers an outlook on the market scenario in the forecast timeline.

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Some of the players profiled in the report are Eagle Genomics, ASEBIO, Menarini Silicon Biosystems, NanoString Technologies, Inc. NeoGenomics, Novartis AG, Pfizer Inc., QIAGEN, Tepnel Pharma Services,Teva Pharmaceuticals Industries Ltd.

Further key findings from the report suggest

• The global Precision Oncology market accounted for USD 49.98 billion in 2019 and is expected to grow at a CAGR of 9.9% from 2019 to 2027.
• The Application is anticipated to reach USD 22.33 billion by 2027 and is expected to grow at a high rate over the forecast period.
• The End-user segment dominated the market in 2019, with an estimated USD 99.72 billion.
• The Biotechnology companies are the largest segment and are estimated to generate revenue of over USD 43.08 billion by 2027.
• Demand for Precision oncology in defense is anticipated to witness moderate growth over the forecast period.
• North America is expected to be an active region over the forecast period. Numerous enterprises and several new players within and have been investing in advanced sensor manufacturing. The regional market is expected to exhibit a CAGR of 12.7% over the forecast period.

The Global Precision Oncology Market is segmented as follows:

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

• Pharmaceuticals Companies
• Biotechnology Companies
• Diagnostic Companies
• Healthcare Data Companies

Technology Type Outlook (Revenue, USD Million; 2017-2027)

• Big data Analytics
• Bioinformatics
• Gene Sequencing
• Drug Discovery
• Companies Diagnostics

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

• Consumable
• Instruments
• Services

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Market Segmentation by Regions:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Point Summary of the Report:

The global Precision Oncology market research report is an investigative study offering key insights into the latest growth trends, developments, technological and product advancements, and the research and development scenario. The report also covers the market aspects that directly influence the growth of the market. These features include strategies undertaken by the prominent players, their expansion tactics, and the product portfolios of the companies, and micro and macro-economic factors.

The study also analyses the crucial market aspects, including R&D, product launches and brand promotions, mergers and acquisitions, collaborations, joint ventures, and the growth pattern on both regional and global levels. The report offers an in-depth evaluation of factors such as cost, capacity, rates of production and consumption, gross revenue, profit margin, demand and supply ratio, import/export, market share, market size, and market trends.

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The Global Precision Oncology Market includes relevant and verified information relating to the overall market, key players, and their market position and financial standing. The report utilizes advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, investment return analysis, and feasibility analysis to offer a comprehensive view of the market position of the major players of the industry.

Key Coverage of the Precision Oncology Market:

• Insightful information regarding the global Precision Oncology market
• Identification of growth in various segments and sub-segments of the Precision Oncology market
• Strategic recommendations for investment opportunities
• The report covers significant statistics related to the industry along with products, applications, price analysis, demand & supply, and production and consumptions rate
• Emerging trends and current market segment analysis to help investors formulate new business strategies
• Accelerates the decision-making process through the availability of the drivers and limitations

To summarize everything stated above, the report offers key insights into the Precision Oncology market to allow the reader to gain a complete understanding of the Global Precision Oncology Market through accurate estimations, a panoramic view of the market scenario, competitive landscape, factors influencing the growth of the market, driving factors, restraints, regulatory framework, growth prospects and opportunities, and factors propelling the market forward. The research study offers an in-depth view of the industry to offer a competitive edge to the reader and help them in formulating beneficial investment plans. The report provides a comprehensive overview of the market with facts relating to the past, present, and future of the Global Precision Oncology Market.

Global Precision Oncology Market: Table of Contents

Chapter 1. Market Synopsis

    1.1. Market Definition

    1.2. Research Scope & Premise

    1.3. Methodology

    1.4. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2018-2026

Chapter 3. Indicative Metrics

Chapter 4. Precision Oncology Market Segmentation & Impact Analysis

Continued……….

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