The global non-oncology precision medicine market size was valued at US$ 76.14 billion in 2023 and it is expected to surpass around US$ 176.61 billion by 2032 with a CAGR of 9.80% from 2023 to 2032.
Types of progress in infection biologics will drive the improvement of non-oncology accuracy medication. Improvement of fresher therapeutics approaches including quality treatment for sickness therapy and extending the number of patients going through judicious investigation will push the market advancement. Of course, huge costs and anticipated peril should individual prosperity data be a part of the factors that could overcome the market advancement.
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Report Highlights
- On the basis of product, therapeutics segment holds the largest market share in the global non-oncology precision medicine market. Therapeutics are medications that are used to treat or prevent diseases. Drug therapy, medical devices, nutrition therapy, and stem-cell therapies are all examples of therapeutics.
- On the basis of end use, diagnostic centers segment holds the largest market share in the global non-oncology precision medicine market. A diagnostic facility has the necessary equipment and qualified personnel to conduct these tests.
Regional Snapshot
North America is the largest segment for non-oncology precision medicine market in terms of region. Creating a gathering of non-oncology accuracy medication approaches in the North American area will redesign the market regard. North American non-oncology accuracy medication market addressed 44% of pay share in 2021 owing to the rising ordinariness of harmful development and inherited issues, creating use of non-oncology accuracy medication approaches, and the presence of perceptible associations like Pfizer, Qiagen, Quest Diagnostics, and Roche. The region should continue with its solidarity during the guess time. This improvement can be attributed to the high gathering speed of clinical consideration IT structures in clinical work cycles and front-line sequencing progressions, which help make altered and pharmacogenomic data actually and capably.
Asia-Pacific region is the fastest growing region in the non-oncology precision medicine market. India holds the highest market share in the Asia-Pacific non-oncology precision medicine market. In the Asia Pacific, the market should foster at a CAGR of 12.8% over the gauge period. This is owing to the insignificant cost related to driving clinical primers of as of late advanced non-oncology accuracy medications and diagnostics around here, which attracts new interests here. Similarly, incredible government drives to embrace altered clinical benefits courses of action are further adding to feature improvement in the locale. For instance, in Singapore, the National Precision Medicine program and the Three Beyonds program were shipped off for propelling the take-up of new advancements and modernized starting point for supporting altered clinical benefits. The utilization of modified courses of action has the degree of making unequivocal treatment deals with serious consequences regarding different patients considering the specific immuno-total of the patient. Hence, approaches hold a promising response for recognizing genetic, natural, and regular factors that could impact the immunizer response and besides propose the elective estimation expected by a particular people pack.
Report Scope of the Non-Oncology Precision Medicine Market
| Report Coverage | Details |
| Market Size by 2032 | USD 176.61 Billion |
| Growth Rate from 2023 to 2032 | CAGR of 9.80% |
| Largest Market | North America |
| Fastest Growing Region | Asia Pacific |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Segments Covered | Product, Application, End-use, Ecosystem, Geography |
Non-Oncology Precision Medicine Market Dynamics
Drivers
Accuracy medication dissects the qualities and proteins present in the patient’s body to in like manner plan the customized treatment medication to fix the specific illness. With key revelations like single nucleotide polymorphism and microarray/biochips in the field of accuracy medication, the market expected to encounter a blast before long. Research on the human genome is the fate of accurate medication and can overturn the clinical treatment of individual patients by grasping their hereditary qualities, atomic profiles, and clinical attributes and advancing legitimate treatment to fix the sickness. The previously mentioned factors are projected to thrive in the interest of accuracy medication sooner rather than later. Other than this, the rising predominance of diseases is expected to support the interest for accuracy medication for customized therapeutics and diagnostics that will deliver a positive impact on available development. In 2018, there were almost 1.7 million new cases determined to have malignant growth in the United States.
Restraints
The ongoing headway in the computational apparatuses and advancement in hereditary innovation assists with looking at the useful impacts of hereditary changes that at last reason for disease improvement. In this way, the hereditary finding approach is anticipated to fuel the development of accuracy medication dramatically, particularly in the field of malignant growth treatment.
Opportunities
There have been basic improvements in the market fairly as of late. Several associations, government, and private assessment foundations related to the business have been reliably created. Steady and untiring undertakings of specialists in reviewing the human genome and recognizing genomic biomarkers have been useful. Furthermore, government drives play moreover had a critical effect being created of the market.At the present moment, the market is overpowered by non-oncology drugs. Anyway, extended R&D practices for various ailments are projected to assemble several drugs for cardiovascular, overwhelming, and neurological afflictions among others. The amount of non-oncology exactness prescription medications is expected to grow decisively, and the predictable augmentation of the non-oncology precision drug portfolio will drive the business improvement.
Challenges
The significant expense of accurate medication alongside challenges in repayment arrangements are expected to ruin the market development. The use of a very good quality estimation system and high-level computational strategies add different sorts of costs to the treatment method inferable from which the accuracy medication is profoundly costly on the lookout.
Read Also: Pharmacy Benefit Management Market Size, Growth, Report By 2032
Key Market Developments
- The U.S. based company, Weill Cornell Medicine launched a campaign named “We’re Changing Medicine” by investing $1.5 billion in the year 2021. The aim of this campaign is to develop biomedical inventions in the areas of precision medicines, artificial intelligence and machine learning (AI & ML) as well as genomics.
- An Indian multinational company Infosys launched a precision medicine solution on the basis of SAP technology for pharmaceutical organizations in the year 2020. This solution employs analytics, blockchain, as well as IoT to aim at patient management, supply chain and regulatory agreements.
- In July 2019, Pfizer reported the cooperation with Synapse to propel malignant growth research. This joint effort was meant to zero in on sub-atomic testing and treatment decisions on non-oncology precision oncology accordingly growing the item portfolio.
- In February 2019, Labcorp reported the development of a helpful medication checking portfolio DoseASSURE, to treat specific provocative illnesses including Crohn’s infection and rheumatoid joint pain, accordingly fortifying its administrative role in non-oncology precision medicine.
Some of the major market players in the global non-oncology precision medicine market include:
- Pfizer Inc.
- Qiagen Inc.
- Quest Diagnostics Inc.
- Medtronic
- Novartis
- Laboratory Corporation of America Holdings
- bioMérieux SA
- Abbott Laboratories
- F. Hoffmann-La Roche A
- Eli Lilly & Company
Segments Covered in the Report
(Note*: We offer report based on sub segments as well. Kindly, let us know if you are interested)
By Product Type
- Diagnostics
- Genetic Tests
- Biomarker Based Tests
- Others
- Therapeutics
By Application
- Oncology
- CNS
- Immunology
- Respiratory
- Infectious Diseases
- Respiratory Infections
- Gastrointestinal Infections
- Sexually Transmitted Infections
- Others
- Neurology
- Neurodegenerative Disorders
- Neuropsychiatric Disorders
- Others
- Cardiovascular
- Cardiac Myopathies and Arrhythmia
- Others
- Lifestyle and Endocrinology
- Gastroenterology
- Others
By End-use
- Hospitals
- Diagnostic Centers
- Research & Academic Institutes
- Others
By Ecosystem
- Applied Sciences
- Genomics
- By Technology
- Polymerase Chain Reaction (PCR)
- Precision Medicine Next-Generation Sequencing (PM NGS)
- Genome Editing
- Other Technologies
- Pharmacogenomics
- Other Applied Sciences
- Precision Diagnostics
- Molecular Diagnostics (MDx)
- Medical Imaging
- Digital Health and Information Technology
- Clinical Decision Support Systems (CDSS)
- Big Data Analytics
- IT Infrastructure
- Genomics Informatics
- In-Silico Informatics
- Mobile Health
- Precision Therapeutics
- Clinical Trials
- Cell Therapy
- Drug Discovery and Research
- Gene Therapy
By Geography
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Malaysia
- Philippines
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa (MEA)
- GCC
- North Africa
- South Africa
- Rest of the Middle East & Africa
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