Pharmacogenetic Testing MarketRegional Developments, Revenue, Sales and Competitive Landscape analysis Report
Pharmacogenetic
Testing market document is an analytical assessment of the prime challenges
that will arrive in the market in terms of sales, export/import, or revenue.
The market drivers analysed in this report are consumer demand, government
policy and demand which makes consumer to buy product thereby leads to market
growth and development. This business report makes knowledgeable about the
market and competitive landscape which supports with enhanced decision making,
better manage marketing of goods and decide market goals for better
profitability. An all-inclusive Pharmacogenetic Testing report is a promising,
excellent, pioneering, client-centric, and trustworthy market research report
which delights client’s business needs.
By
keeping into focus customer requirements, Pharmacogenetic Testing report is
prepared by chewing over plentiful of market parameters. This large-scale
report encompasses thorough analysis of Medical Devices industry with respect
to several factors that range from market drivers, market restraints, market
segmentation, opportunities, challenges, and market revenues to competitive
analysis. A team of innovative analysts, research experts, statisticians,
forecasters and economists work firmly to present with this advanced and
all-inclusive market research report. Pharmacogenetic Testing business research
report is mainly delivered in the format of PDF and spreadsheets where PPT can
also be provided depending upon client’s request
The
global pharmacogenetic testing market is expected to gain
market growth in the forecast period of 2023 to 2030. The market is fueled by
the increasing adoption of personalized medicine which is a market that needed
the pharmacogenetic testing market.
Integrating
Electronic Health Records (EHRs) is a significant driver for the market growth.
An increase in chronic and complex diseases is expected to create opportunities
for market growth Data Bridge Market Research analyses that the market is
growing with a CAGR of 8.7% in the forecast period of 2023 to 2030 and is
expected to reach USD 11,442.40 million by 2030. Advancements in genomic
technologies are expected to drive the market's expansion.
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Driver:
Increasing Adoption of Personalized
Medicine
Pharmacogenetic testing plays a crucial role in
personalized medicine by tailoring drug treatments to an individual's genetic
makeup. This innovative approach involves analyzing an individual's genetic
variations, which can impact how they metabolize and respond to specific
medications. These genetic differences can influence drugs' effectiveness and
potential side effects, making pharmacogenetic testing a valuable tool for
personalized treatment plans.
Healthcare providers can identify genetic markers
that determine how their body processes and utilizes drugs by examining a
person's unique genetic profile. This information allows for the customization
of drug selection and dosages to optimize treatment outcomes. For instance,
some individuals may have genetic variants that make them more sensitive to
certain medications, necessitating lower doses to achieve the desired
therapeutic effect without adverse reactions. On the other hand, some genetic
variations may require higher doses for the same effect. This tailored approach
minimizes the "trial and error" often associated with medication
selection, reducing the risk of adverse reactions and improving treatment
efficacy. It empowers healthcare professionals to make informed decisions and prescribe
medications that are more likely to work well for patients based on their
genetic predispositions. Ultimately, pharmacogenetic testing significantly
contributes to the paradigm of personalized medicine, revolutionizing
healthcare by promoting more precise and individualized treatment strategies
for better patient outcomes.
Some key players mentioned in the report are:
PerkinElmer Inc., Illumina, Inc., Thermo Fisher
Scientific Inc., Dynamic DNA Laboratories, Sonic Healthcare, QIAGEN, Eurofins
Scientific, 23andMe, Inc, OneOme, BGI, PacBio, MD Labs, GENEWIZ, PGXT, Luminex
Corporation, and Myriad Genetics, Inc.,
Key Insights that Study is going to
provide:
·
The 360-degree Pharmacogenetic Testing overview based on a
global and regional level
·
Market Share & Sales Revenue by Key Players &
Emerging Regional Players
·
A separate chapter on Market Entropy to gain insights on
Leaders aggressiveness towards market [Merger & Acquisition / Recent
Investment and Key Developments]
·
May vary depending upon availability and feasibility of data
with respect to Industry targeted
·
Patent Analysis** No of patents / Trademark filed in recent
years.
·
A complete and useful guide for new market aspirants
·
Forecast information will drive strategic, innovative and
profitable business plans and SWOT analysis of players will pave the way for
growth opportunities, risk analysis, investment feasibility and recommendations
·
Various Pharmacogenetic Testing industry leading players are
studied with respect to their company profile, product portfolio, capacity,
price, cost, and revenue.
Key Market Segmentation:
By
Type (Whole Genome Sequencing, Whole Exome Sequencing, Array-Based Tests, and
Single Gene Tests), Gene Type (CYP2C19, CYP2D6, CYP2C9 and VKORC1, CYP1A2,
HLA-B*1502, HLA-B*5701, CYP2D, OPRM1, ONCOTYPE DX and MAMMAPRINT, DRD3, D4D4,
SLC6A4, HTR2A/C, TMPT, and Others), Drug Type (Prescription Drugs,
Nutraceuticals, Recreational Drugs, Herbal Supplements, Vitamins, and
Over-the-Counter Medications), Sample (Blood and Saliva), Therapeutic Area
(Cardiology, Gastroenterology, Anesthesiology, Genomics, Endocrinology,
Immunology & Hypersensitivity, Dermatology, Gynecology, Oncology,
Neurology, and Others), Application (Clinical Practice, Drug Development, and
Drug Regulation)
The
countries covered in the Global Pharmacogenetic Testing Market report are U.S., Canada
and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland,
Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan,
India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia,
Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi
Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa
(MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of
South America as part of South America.
Table of Contents:
Executive
Summary
Market
Landscape
Market
Sizing
Five
Forces Analysis
Market
Segmentation by End-user
Customer
Landscape
Geographic
Landscape
Key
leading countries
Vendor
Landscape
Vendor
Analysis
Appendix
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