(Health-NewsWire.Net, November 27, 2017 ) Precision medicine allows the doctors and researchers to project the treatment method for a patient accurately for a specific disorder depending on the patient. It is opposed to using the same approach for all kinds of people, in which disorder treatment and prevention methods are formed for the average patient suffering from that particular disease, with little consideration for the variations within people.
Europe Precision Medicine Market: Drivers & Restraints The market for Precision Medicine has majorly grown owing to risen incidences of cancer growth in the population prone to cancer. Also, rising demand for individualized treatment, technological know-how and development in medical sector is supposed to drive the market. However, the market growth is constrained by the problems related to sharing of the patients genetic information and reducing trends for approval of the medication.
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Europe Precision Medicine Market: Segmentation
By Technology Big Data Analytics Bioinformatics Gene Sequencing Drug Discovery Companion Diagnostics Others
By Application Oncology CNS Immunology Respiratory Others
Europe Precision Medicine Market: Overview As of 2017, the Europe Precision Medicine Market was worth USD 40.5 billion. Precision medicine is a developing way of disorder treatment and prevention which considers personal differences in genes, surroundings, and lifestyle for every different person. It will give rise to a new time of medicine wherein researchers, and patients do combined work to support personal care. Big Data analytics has a huge growth potential in the future.
Europe is the second biggest market in terms of market share across the globe, followed by Europe. The spread of analytics and awareness of its potential are increasing at a rapid rate in Europe. Germany precision medicine will be a key player in shaping growth across Europe. Several institutes in Germany have already acquired a certification for the biomarker analysis in colorectal cancer.
Europe Precision Medicine Market: Key Players The Europe Precision Medicine Market is highly competitive with a large number of players such as Ferrer InCode, Silicon Biosystems, Roche, Covance, Novartis, Tepnel Pharma Services, Intomics, Eagle Genomics, Medtronic, Qiagen, Biocrates Life Sciences, Pfizer and Quest Diagnostics.
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