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u201cCoherent Market Insights u201cPHARMACOGENOMICS MARKET u2013 GLOBAL TRENDS, ESTIMATES AND FORECASTS, 2020-2027u2033
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GLOBAL PHARMACOGENOMICS MARKET ANALYSIS INDUSTRY INSIGHTS, TRENDS, OUTLOOK, AND OPPORTUNITY ANALYSIS, 2020–2027 © Coherent market Insights. All Rights Reserved © Coherent market Insights. All Rights Reserved
REPORT DESCRIPTION Pharmacogenomics Market - Overview The Global Pharmacogenomics Market, by Technology Type (Polymerase Chain Reaction, Sequencing, Microarray, and Other Technologies), and by Application (Drug Discovery and Therapeutic Application) was valued at US$ 8,357.3 million in 2017 and is projected to expand at a CAGR of 10.8% during the forecast period (2018–2026). Advancements in technology, product development by key players, rising prevalence of lifestyle related diseases are expected to contribute to meteoric growth of the pharmacogenomics market during the forecast period. The increasing focus of pharmaceutical companies on pharmacogenomics is increasing potential opportunities for various phases of drug discovery and development processes. In parallel with rapid advancements in the identification and mapping of Single Nucleotide Polymorphism (SNPs) across the human genome, technological discoveries and enhancements to high-throughput genotyping have also made significant strides. Leading biotech firms have driven genotyping throughput to scales and significantly driving down costs. Pharmacogenomics initiatives have led to new discoveries and development of several treatments that are tailored for specific characteristics such as genetic makeup or genetic profile of an individual tumor that helps to transform the treatment methods. The increasing government funding to help companies develop bioinformatics technology for precision medicine research applications. For instance, in 2017, Armonica Technologies, Inc., an Albuquerque-based company received US$1.5 million from the government’s US $40 million catalyst fund. Browse Research Reports: https://www.coherentmarketinsights.com/market- © Coherent market Insights. All Rights Reserved insight/pharmacogenomics-market-1053
REPORT DESCRIPTION Browse 28 Market Data Tables and 31 Figures spread through 160 Pages and in-depth TOC on " Pharmacogenomics Market, by Technology Type (Polymerase Chain Reaction, Sequencing, Microarray, and Other Technologies), and by Application (Drug Discovery and Therapeutic Application), and by Region - Global Forecast to 2026" North America is expected to witness highest growth in the global pharmacogenomics market, owing to the increasing number of clinical trials for various application areas and rising biotechnology and life sciences sector in this region as well as the increasing focus on research and development by the top market players in these regions. North America is followed by Asia Pacific with the second highest growth rate during the forecast period. For instance, Thermo Fisher Scientific, in 2017, announced an Asia Precision Medicine research array for regional screening initiatives, which has reduced costs and complexity of analysis associated with whole genome sequencing to help the research of diseases among people living in Asia, which in turn, is expected to favor growth of the market in Asia Pacific. The healthcare facilities and services in the Middle East need further development, however, have high potential to grow in the near future. To accomplish the goal, countries in the Middle East are forming alliances with global players as well as government organizations to facilitate the development of the healthcare sector in these countries. In therapeutic application, oncology portfolio is of strategic importance for researchers to develop more targeted approaches for the treatment of cancer. Request a Sample copy of this reports :https://www.coherentmarketinsights.com/insight/request-sample/1053 © Coherent market Insights. All Rights Reserved
REPORT DESCRIPTION Key Takeaways of the Pharmacogenomics Market: •The global pharmacogenomics market is expected to expand at a CAGR of 8% during the forecast period (2018–2026), due to foster collaborations among the pharmaceutical industry, academic researchers, organizations across various regions regulators and government •Demand for sequencing is increasing owing to its wide application in cancer pharmacogenetic and ability to sequence large number of genes up to the complete genome in a single reaction. •The sequencing segment is expected to witness significant growth during the forecast period due to initiatives taken by federal agencies such as the FDA and NIH, to advance NGS research and development relevant to pharmacogenetics for personalized medicines. •Some of the major players operating in the global pharmacogenomics market are Thermo Fisher Scientific Inc., Abbott Laboratories, F. Hoffmann-La Roche AG, Qiagen N.V., Pacific Biosciences of California, Inc., Diatech Pharmacogenetics Srl and Assurex Health Inc. Buy-Now this Research Report @ https://www.coherentmarketinsights.com/insight/buy-now/1053 © Coherent market Insights. All Rights Reserved
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