Precision Business Insights has published a report on the global pharmacogenomics market, estimating its value at USD 8,227.6 Million in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 11.2% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/pharmacogenomics-market
The pharmacogenomics industry focuses on the combination of pharmacology and genomics to better understand how a person's genetic composition effects their medication response. This discipline permits the creation of tailored medical techniques that enhance therapeutic effectiveness while avoiding adverse responses.
Drivers:
Growing interest in tailoring treatments to individual genetic profiles to improve outcomes and reduce side effects.
Conditions like cancer, cardiovascular disorders, and psychiatric illnesses benefit from pharmacogenomic-guided therapies.
The global pharmacogenomics market segmentation:
1) By Product: Instruments and Kits and Reagents and Consumables
2) By Products: Kits, Assays and Reagents, Instruments, Software
3) By Services: Genotyping, SNP Identification, Pharmacogenetic Testing, Other Services
4) By Application: Oncology, Infectious Diseases, Neurology/Psychiatry, Cardiovascular, Others
5) By Technique: DNA Sequencing/Next Generation Sequencing (NGS), Nucleic Acid Amplification Tests (NAATs), Polymerase Chain Reaction, Mass Spectrophotometry, Gel Electrophoresis, Fluorescent In-situ Hybridization, Microarray, Others
6) By End Users: Research Organizations, Biotech/ Pharmaceutical Companies, Diagnostic Centres, Others
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Regional Overview:
The report also examines the current concerns and their Future Effects on the pharmacogenomics market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the pharmacogenomics market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.
North America (U.S., Canada)
Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
The competitive landscape is dominated by major players like Abbott Laboratories, Inc., Agilent Technologies, Assurex Health, Inc., AstraZeneca, Becton, Dickinson and Company (BD), Bio-Rad Laboratories, Inc., Bristol-Myers Squibb Company, Future Science Group, GE Healthcare, Genentech, Inc., GeneTech, Hoffmann-La Roche Ltd., Illumina, Inc., Johnson & Johnson, Merck & Co., Inc., Myriad Genetics, Inc., Novartis AG, Pathway Genomics, PerkinElmer, Inc., Qiagen N.V., Roche Diagnostics, Siemens Healthineers, Teva Pharmaceutical Industries Ltd., Thermo Fisher Scientific Inc.
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