The Global Pharmacogenomics (PGx) Market size is forecasted to reach USD 11.01 billion from USD 5.66 billion in 2019, delivering a CAGR of 8.7% through 2027. The market growth is driven by the increasing prevalence of chronic diseases, expanding research and development activities, rising patient awareness, and an associated demand for personalized therapy.
Pharmacogenomics is the study of the effect of individual genetic make-up, which indicates the therapeutic effect of the medication on a specific patient. Genetic variation is directly linked to the effects on the human body. Pharmacogenomics testing is witnessing massive adoption in medical settings for supplementing translational and pharmaceutical research.
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The comprehensive analysis of the Pharmacogenomics (PGx) market assists businesses in gaining a competitive advantage and helps them reach their business goals and objectives. The global Pharmacogenomics (PGx) market research report is formulated with the descriptive profiles of the leading companies of the market along with their pricing analysis, gross revenue, financial standing, sales network and distribution channel, profit margins, and market position. This offers the readers a complete understanding of the competitive landscape of the Pharmacogenomics (PGx) industry.
The Pharmacogenomics (PGx) research report draws focus on the strengths and weaknesses of the key players of the market through a comprehensive SWOT analysis and Porter’s Five Forces analysis to project the growth rate.
Top Companies Profiled in this Report are:
Admera Health, Abbott Laboratories, Agena Biosciences, Inc., Dynamic DNA Laboratories, Cancer Genetics, Inc., F. Hoffmann-La Roche Ltd, Genomic Health, Inc., geneOmbio Technologies Pvt Ltd., Laboratory Corporation of America Holdings, and Illumina, Inc., among others.
The global Pharmacogenomics (PGx) market report further segments the market based on product types offered by the market, applications, and key geographies of the market. The research study assesses the market in terms of market size, volume, revenue, and share.
Furthermore, the report also offers an accurate assessment of the market share and customer base of the Pharmacogenomics (PGx) market in the major geographical regions of the world. The report also analyzes the growth of the individual segments of the Pharmacogenomics (PGx) industry throughout the forecast period.
For the purpose of this report, Reports and Data has segmented the Global Pharmacogenomics (PGx) Market on the basis of products and services, technology, application, end-use, and region:
Products and Services Outlook (Revenue, USD Billion; 2017-2027)
- Assay & Reagents
- SNP Identification
- Pharmacogenetics Testing
- Other Services
Technology Outlook (Revenue, USD Billion; 2017-2027)
- Polymerase Chain Reaction (PCR)
- Real Time PCR
- Digital PCR
- DNA Sequencing/Next Generation Sequencing (NGS)
- Nucleic Acid Amplification Tests (NAATs)
- Mass Spectrometry
- Gel Electrophoresis
- Fluorescence In Situ Hybridization (FISH)
- Chromogenic In Situ Hybridization (CISH)
Application Outlook (Revenue, USD Billion; 2017-2027)
- Infectious Diseases
End-Use Outlook (Revenue, USD Billion; 2017-2027)
- Research Organisation
- Pharmaceutical Companies
- Diagnostic Centers
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Pharmacogenomics (PGx) market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Key Objectives of the Pharmacogenomics (PGx) Market Report:
- Analysis and forecast of the Global Pharmacogenomics (PGx) Market by segmentation of the market
- Analysis of various macro and micro-economic factors influencing the growth of the Pharmacogenomics (PGx) market
- Extensive SWOT analysis and Porter’s Five Forces analysis to offer a detailed view of the competitive landscape
- Insights into drivers, restraints, opportunities, limitations, threats, and challenges
- Analysis of the key players operating in the industry
- Strategic recommendations to the new entrants pertaining to entry-level barriers and to established players for formulating fruitful business plans
In conclusion, the report offers an extensive panoramic view of the Pharmacogenomics (PGx) industry, backed by key statistical data and figures garnered from authentic sources and thorough primary and secondary research. The report offers a thorough examination of the size, shape, and volume of the market to offer an accurate forecast estimation of the Pharmacogenomics (PGx) industry till 2027. The report also strives to offer strategic recommendations to the new players entering the Pharmacogenomics (PGx) industry and guide them for overcoming entry-level barriers. It also offers recommendations to the established companies to fortify their presence in the Pharmacogenomics (PGx) market and capitalize on the emerging opportunities in the industry.
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