By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Dubai News Club
  • Business
  • Finance
  • Lifestyle
  • Tech
  • Middle East
  • Press Releases
Reading: Precision Medicine Market worth $50.2 billion by 2028 , growing at a CAGR of 11.5%
Share
  • English
    • العربية (Arabic)
Submit News
Notification
Dubai News ClubDubai News Club
0
Font ResizerAa
  • Business
  • Finance
  • Lifestyle
  • Tech
  • Middle East
  • Africa
  • Press Release
Search
  • Home
  • Business
  • Finance
  • Tech
  • Lifestyle
  • Press Release
  • Africa
  • Middle East
  • English
    • العربية
  • Privacy Policy
  • Terms and Conditions
  • Contact
  • Submit Press Release
© 2022 دبي نيوز كلوب. جميع الحقوق محفوظة.
Dubai News Club > Press Releases > Precision Medicine Market worth $50.2 billion by 2028 , growing at a CAGR of 11.5%
Press Releases

Precision Medicine Market worth $50.2 billion by 2028 , growing at a CAGR of 11.5%

Press Room
Last updated: 2023/12/08
Press Room
Published: December 7, 2023
Share
3 Min Read
Precision Medicine Market worth .2 billion by 2028 , growing at a CAGR of 11.5%
SHARE

 


(EMAILWIRE.COM, December 07, 2023 ) The report “Precision Medicine Market by Type (Inhibitors, Monoclonal Antibodies, Cell & Gene Therapy, Antivirals, Antiretroviral), Indication (Oncology, Rare diseases, Hematology, Infectious), End user (Hospitals & Clinics, Home care) – Global Forecast to 2028 “, is expected to reach USD 50.2 billion by 2028 from USD 29.1 billion in 2023, at a CAGR of 11.5% during the forecast period. The rising number of product approvals followed by growing focus on genetic testing, a prerequisite for precision medicine therapeutics, are the factors supporting market growth.

Download PDF Brochure :-https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=215185595

Hospitals and Clinics subsegment accounted is the fastest-growing of the precision medicine market by product & service

Among the end user, the market is segmented hospitals and clinics and home care setting. In 2022, the hospitals and clinics segment accounted for the highest growth rate of the precision medicine market by end user. Growth in this market segment can be attributed to factors such as availability of better facilities and assistance in hospitals and clinics, accessibility to advanced diagnostic tests along with precise therapeutic regime among others.

Oncology is the fastest-growing segment of the precision medicine market by applications

Among the applications, the precision medicine market is segmented into drug discovery, clinical diagnostics, soil microbiome applications, industrial applications, ecological & environmental applications, veterinary applications, and other applications. In 2023, the drug discovery segment accounted for the fastest-growing share of the usage segment of precision medicine market. Growth in this market segment can be attributed to one of the major factors which is the growing number of research activities for development of new drugs.

Europe: The second-largest region in the precision medicine market.

The European market is the second-largest precision medicine market globally, mainly due to factors such as presence of key market players in the region. Europe is considered a major hub for precision medicine players and organizations. Moreover, greater awareness among people about newly emerging area of precison medicine, especially compared to developing regions.

Request for Sample Pages:-https://www.marketsandmarkets.com/requestsampleNew.asp?id=215185595

The market for precision medicine is competitive, with key players strategizing to capture the market. Prominent players in the precision medicine market are F. Hoffmann-La Roche Ltd. (Switzerland), Novartis AG (Switzerland), Bristol Myers Squibb (US), Gilead Sciences, Inc. (US), AstraZeneca (UK), Pfizer Inc. (US), AbbVie Inc. (US), Eli Lilly and Company (US), , GlaxoSmithKline plc (UK), Sanofi (France), Johnson & Johnson (US), Merck KGaA (Germany), Amgen, Inc. (US), Takeda Pharmaceutical Company Limited (Japan) among others.

Source

Permanent Magnet Market Size, Share, Trends, Industry Analysis, Report 2024-2026
Revolutionize Your Patient Care Processes with Our Patient Registry Software System
A Comprehensive Research and Forecast
Udder Health Market worth $1.6 billion by 2029
Asia Pacific Functional Food Ingredients Market is projected to reach the value of USD 29.25 billion by 2030

اشترك في النشرة اليومية

كن على إطلاع! احصل على آخر الأخبار العاجلة مباشرة إلى صندوق الوارد الخاص بك.

    من خلال الاشتراك ، فإنك توافق على شروط الاستخدام وتقر بممارسات البيانات الواردة في سياسة الخصوصية . يمكنك إلغاء الاشتراك في أي وقت.
    Share This Article
    Facebook Email Print
    What do you think?
    Love0
    Sad0
    Happy0
    Sleepy0
    Angry0
    Dead0
    Wink0
    Previous Article Messenger is finally getting end-to-end encryption by default
    Next Article Proton Drive is adding an encrypted photo backup feature on Android
    Ad imageAd image

    Latest News

    Microsoft embraces OpenAI rival Anthropic to improve Microsoft 365 apps
    Tech
    September 24, 2025
    The federal budget is our tool to translate our leadership directives and meet the requirements of the UAE development march
    Finance
    September 24, 2025
    The Verge’s Guide to Amazon’s October Prime Day Event 2025
    Tech
    September 24, 2025
    Trump’s H-1B chaos has Europe charming skilled tech workers
    Tech
    September 24, 2025
    Dubai News ClubDubai News Club
    Follow US
    © 2024 Dubai News Club. all rights are reserved
    • Privacy Policy
    • Terms and Conditions
    • Contact
    • Submit Press Release
    join us!
    Subscribe to our newsletter and never miss the latest news, podcasts, etc.

      Don't worry, we will not send you any spam, you can cancel at any time.
      Welcome Back!

      Sign in to your account

      Username or Email Address
      Password

      Lost your password?