© 2016 Global Market Insights, Inc. USA. All Rights Reserved Precision Medicine Market share to surpass $96 Bn by 2024: Global Market Insights Inc.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Global Market Insights, Inc. says, Precision Medicine Market size is set to exceed USD 96 billion by  Rising prevalence of cancer across the globe fuels the need to develop target specific biomarkers based on the individual genetic, environmental and lifestyle factors augmenting the global precision medicine market size.  Advancement in cancer biology coupled with increased funding for cancer research will fuel industry expansion.  Presence of favorable government initiatives such as Precision Medicine Initiative (PMI) with an aim to design tools for analyzing large medical data sets, validation of innovative targeted drugs, tests and technologies for cancer, improve decision making for treatment options for specific patients will augment growth of precision medicine market.  Integration of big data analytical tools to healthcare for preventing diseases such as cancer is another growth rendering driver. Key Insights from Precision Medicine Market:

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Drug discovery dominated the precision medicine market in 2016 followed by gene sequencing which is expected to show a considerable growth over the coming years.  Companion diagnostics is poised to be the fastest growing segment with over 11.5% CAGR owing to its ability to provide essential information for the safety and effectiveness of a specific drug or therapeutic product for targeted patient groups.  UK precision medicine market should witness robust growth over the forecast period.  India precision medicine market should grow at significant rate due to increasing prevalence of cancer which fuels the adoption of gene therapy facilitating personalized treatment for patients based on their genetic factors.  Some of the key industry players operating in global precision medicine market are NanoString Technologies, Roche, Medtronic, Laboratory Corporation of America Holdings, Quest Diagnostics, Pfizer, Novartis and Intomics. Continued...

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