{"id":421123,"date":"2019-08-20T16:04:01","date_gmt":"2019-08-20T16:04:01","guid":{"rendered":"http:\/\/www.abnewswire.com\/pressreleases\/?p=421123"},"modified":"2019-08-20T16:04:01","modified_gmt":"2019-08-20T16:04:01","slug":"global-precision-medicine-market-to-surpass-us-1061-billion-threshold-by-2025-key-players-include-ferrer-incode-nanostring-technologies-inc-tepnel-pharma-services-pfizer-inc-novartis-ag","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/global-precision-medicine-market-to-surpass-us-1061-billion-threshold-by-2025-key-players-include-ferrer-incode-nanostring-technologies-inc-tepnel-pharma-services-pfizer-inc-novartis-ag_421123.html","title":{"rendered":"Global Precision Medicine Market to Surpass US$ 106.1 billion Threshold by 2025 | Key Players include Ferrer Incode, Nanostring Technologies, Inc., Tepnel Pharma Services, Pfizer, Inc., Novartis AG"},"content":{"rendered":"
\"Global<\/a><\/p>\n
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Precision Medicine Market \u2013 Not one-size fits all<\/div>\n<\/div>\n<\/div>\n
The global precision medicine market was valued at US$ 45,720.8 million in 2016 and is expected to witness a robust CAGR of 9.9% during the forecast period (2017-2025)<\/div>\n

The Global Precision Market<\/a> was valued at US$ 45,720.8 million in 2016 and is projected to exhibit a CAGR of 9.9% over the forecast period (2017–2025), as highlighted in a new report published by Coherent Market Insights. Increase in adoption of personalized medicine, in turn, is projected to support the growth of precision medicine market over the forecast period.<\/p>\n

Manufacturers are focusing on innovation to tap into emerging markets. For instance, Synapse, Inc. and Strata Oncology, Inc., together, implemented an end to end precision oncology program to improve the outcomes of the treatment with reduced costs, as the companies are selecting the most promising precision medicine clinical trials. Strata Oncology, Inc. also launched Strata NGS test in May 2017, which is designed for 90 gene targeted assay that focuses on genetic alterations in tumor tissue and includes standard care markers and clinical trial eligibility markers. AstraZeneca launched a next-generation asthma drug in 2016 named, Benralizumab for eosinophil biomarker, which is a part of the new way of biological treatments for people with asthma, as AstraZeneca is moving toward precision medicine to resolve the disease. The Food and Drug Administration approved the first gene therapy, Kymriah (tisagenlecleucel) on August 2017, which was developed by Novartis for the treatment of patients below 25 years of age with B-cell precursor acute lymphoblastic leukemia. This therapy represents a shift from chemotherapy to precision medicine.<\/p>\n

Get a Request Sample of Research Report @<\/span><\/strong> https:\/\/www.coherentmarketinsights.com\/insight\/request-sample\/145<\/a><\/p>\n

Furthermore, The University of Southampton in Britain is conducting a phase 2 clinical trial in 2017 for testing whether the addition of acalabrutinib to R-CHOP could improve outcomes of patients with diffuse large B-cell lymphoma (DLBCL) and then the trial researchers will gather the data on gene expression of DLBCL patients as a part of precision medicine for aggressive lymphoma consortium that supports the growth of precision medicine in hematology in near future.<\/p>\n

Key players in the precision medicine market are adopting strategies such as collaboration to strengthen their product portfolio. In 2016, Precision for Medicine, Inc. signed a deal for the acquisition of ACT Oncology, which will help the company to have a strong foothold in the personalized cancer clinical trial space. In August 2017, Variantyx, a genetic testing company, announced its partnership with FDNA. FDNA has a facial recognition software, which helped in the diagnosis of rare diseases. It is expected to fulfill the demand of patients and offer them precision medicine. In August 2017, Alexion Pharmaceuticals announced a partnership with Sema4 for the improvement of company’s diagnosis rate of rare diseases and also to speed-up development of drugs in the near future. Precision for Medicine Group, Inc. completed the acquisition of Agility Clinical, a contract research organization that focuses on clinical development of rare diseases and orphan therapies in September 2017. The aim of the acquisition was to bring new precision medicines into the market.<\/span><\/p>\n

Request Customization Report @<\/strong> https:\/\/www.coherentmarketinsights.com\/insight\/request-customization\/145<\/a><\/p>\n

Detailed Segmentation:<\/strong><\/p>\n

Global Precision Medicine Market, By Technology:<\/strong><\/p>\n

Bioinformatics<\/p>\n

Gene Sequencing<\/p>\n

Drug Discovery<\/p>\n

Precision Molecular Diagnostics<\/p>\n

Big Data Analytics<\/p>\n

Global Precision Medicine Market, By Application:<\/strong><\/p>\n

Oncology<\/p>\n

Breast cancers<\/p>\n

Lung Cancer<\/p>\n

Others<\/p>\n

CNS<\/p>\n

Hematology<\/p>\n

Respiratory<\/p>\n

Immunology<\/p>\n

Others<\/p>\n

Company Profiles:<\/strong><\/p>\n

Future Plans<\/p>\n

Ferrer Incode<\/p>\n

Nanostring Technologies, Inc.<\/p>\n

Tepnel Pharma Services<\/p>\n

Pfizer, Inc.<\/p>\n

Novartis AG<\/p>\n

Teva Pharmaceuticals<\/p>\n

Merck & Co., Inc.<\/p>\n

Qiagen N.V.<\/p>\n

Quest Diagnostics<\/p>\n

Purchase Copy o<\/strong>f This Business Research Report:<\/strong><\/strong> https:\/\/www.coherentmarketinsights.com\/insight\/buy-now\/145<\/a><\/p>\n

 <\/p>\n

About <\/strong>Us<\/strong>:<\/strong><\/strong><\/p>\n

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.<\/p>\n

Media Contact<\/span>
Company Name:<\/strong> Coherent Market Insights<\/a>
Contact Person:<\/strong> Mr. Shah
Email:<\/strong> Send Email<\/a>
Phone:<\/strong> +1-206-701-6702
Address:<\/strong>1001 4th Ave, #3200
City:<\/strong> Seattle
State:<\/strong> Washington
Country:<\/strong> United States
Website:<\/strong> www.coherentmarketinsights.com\/insight\/buy-now\/145<\/a><\/p>\n

<\/object>\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

Precision Medicine Market \u2013 Not one-size fits all The global precision medicine market was valued at US$ 45,720.8 million in 2016 and is expected to witness a robust CAGR of 9.9% during the forecast period (2017-2025) The Global Precision Market was valued … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[401,405,417,406,404],"tags":[],"class_list":["post-421123","post","type-post","status-publish","format-standard","hentry","category-Business","category-Health-Medicine","category-Marketing-Sales","category-Pharmaceuticals-Biotech","category-US"],"_links":{"self":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/421123","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/comments?post=421123"}],"version-history":[{"count":0,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/421123\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/media?parent=421123"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/categories?post=421123"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/tags?post=421123"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}