Personalized Medicine Market : Driven by Improved Living Standards and Adoption of a Healthy Lifestyle Worldwide, Foreca

Global Personalized Medicine Market Analysis

The global Personalized Medicine market was valued at US$ 590.75 Bn. in 2023 and is projected to reach US$ 900.67 Bn. by 2030, growing at a CAGR of 6.21% during the forecast period.

Market Overview

This study aims to provide a comprehensive analysis of the Personalized Medicine market segmented by component, application, industry, and geography. It delves deeply into the key drivers propelling market growth and offers an extensive evaluation of the market's value chain.

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Market Scope

The research methodology to evaluate and forecast the Personalized Medicine market begins with secondary research utilizing sources that gather revenue data from major suppliers. Vendor offerings are considered in market segmentation calculations. The total size of the Personalized Medicine market is determined using the bottom-up approach, based on revenue data from significant enterprises.

Drivers

The Personalized Medicine market report addresses the major drivers and constraints affecting market growth.

Segmentation

by Product

Personalized Medical Care
Therapeutics
Personalized Nutrition & Wellness

by Application

Oncology
Immunology
CNS
Respiratory

by Technology

Big Data Analytics
Bioinformatics
Gene Sequencing
Drug Discovery
Companion Diagnostics

by End users

Pharmaceutical Companies
Diagnostic Companies
Healthcare IT companies

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Key Players

The leading players in the Personalized Medicine market report include:

1. Abbott Laboratories
2. Merck & Co., Inc.
3. AstraZeneca
4. Pfizer, Inc.
5. GlaxoSmithKline plc.
6. Novartis AG
7. Amgen, Inc.
8. Bayer AG
9. Mylan N.V.
10. Eli Lilly and Company
11. Bristol Myers Squibb Co.
12. Daiichi Sankyo Company, Ltd.
13. Biogen, Inc.
14. Johnson & Johnson Services, Inc.
15. F. Hoffmann-La Roche Ltd.
16. Thermo Fisher Scientific, Inc.
17. Novo Nordisk A/S
18. Sanofi Genzyme.

Regional Analysis

Market share statistics are available for global regions including North America, Europe, Asia-Pacific, the Middle East, and Africa, and South America. Analysts at Maximize conduct a detailed competitive analysis for each key player in these regions.

COVID-19 Impact Analysis on Personalized Medicine Market

The COVID-19 pandemic has impacted various industries such as aerospace and defense, agriculture, automotive, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, banking, financial services, and insurance. The Personalized Medicine market has been affected by the pandemic, influencing growth rates in 2019-2020. Our latest insights, opinions, and guidance are crucial for businesses and organizations within the Personalized Medicine industry to navigate the challenges posed by the COVID-19 crisis, ensuring the delivery of reliable data and insights to CEOs.

Key Questions Answered in the Personalized Medicine Market Report

Which segment captured the largest share in the Personalized Medicine market?
What was the competitive landscape of the Personalized Medicine market in 2020?
What are the key factors driving the growth of the Personalized Medicine market?
Which region held the largest share in the Personalized Medicine market in 2020?

About Maximize Market Research

Maximize Market Research is a multifaceted market research and consulting firm with expertise in various industries including medical devices, pharmaceuticals, science and engineering, electronic components, industrial equipment, technology and communication, automotive, chemicals, general merchandise, beverages, personal care, and automated systems. Our services include market-verified industry estimations, technical trend analysis, critical market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.