The Personalized Medicine Global Market Report 2023, provides comprehensive information on the personalized medicine market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Personalized Medicine Global Market Report 2023, the market size is expected to grow from $318.23 billion in 2022 to $352.73 billion in 2023 at a compound annual growth rate (CAGR) of 10.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global personalized medicine market size is expected to reach $527.19 billion in 2027 at a CAGR of 10.5%.
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Technological advancements are a key trend gaining popularity in the personalized medicine market. Major companies operating in the personalized medicine market are adopting new technologies to sustain their position in the market. For instance, in June 2020, Infosys an India-based information technology, digital, and consulting services provider company, launched SAP S/4HANA, the SAP Analytics Cloud solution, the SAP C/4HANA®suite, and SCI platform for personalized medicine solutions for pharmaceutical companies. This technology use enables to reduction patient treatment lifecycle, schedule to post medical treatments and enables outcome-based invoicing. This technology will help pharmaceutical companies to speed up the product launch process.
The personalized medicine market is segmented:
1) By Product: Personalized Medicine Diagnostics, Personalized Medicine Therapeutics, Personalized Medical Care, Personalized Nutrition and Wellness
2) By Application: Oncology, Neurology, Blood Transfusion Safety, Diabetes, Autoimmune Diseases, Cardiology, Other Applications
3) By End-use: Hospitals, Diagnostic Centers, Research and Academic Institutes, Other End-Users
North America was the largest region in the personalized medicine market in 2022.
The table of contents in TBRC’s personalized medicine market report includes:
- Executive Summary
- Personalized Medicine Market Characteristics
- Personalized Medicine Market Trends And Strategies
- Personalized Medicine Market – Macro Economic Scenario
- Personalized Medicine Market Size And Growth
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- Africa Personalized Medicine Market
- Personalized Medicine Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Personalized Medicine Market
- Personalized Medicine Market Future Outlook and Potential Analysis
- Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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