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EUROPE PRECISION MEDICINE MARKET FORECAST 2021-2028

EUROPE PRECISION MEDICINE MARKET FORECAST 2021-2028

  • March 2021
  • 188 pages
  • ID: 6033698
  • Format: PDF
  • Inkwood Research

Summary

Table of Contents

KEY FINDINGS
The Europe precision medicine market is anticipated to record a CAGR of 9.92%, during the forecast years of 2021 to 2028. The region’s market growth is driven by chief factors, including, the government initiatives associated with precision medicine, the surging healthcare expenditure, and the growing focus on eradicating chronic diseases.

MARKET INSIGHTS
The Europe precision medicine market growth is assessed by evaluating Russia, Germany, the United Kingdom, France, Belgium, Poland, Italy, and the rest of Europe.Germany is among the key emerging European countries, in terms of precision medicine.

The medical model enjoys increased traction and priority across the Health Research Framework Program, of the German Federal Government.The Federal Research Ministry has provided nearly EUR 360 million in funding, since 2013, for research projects as well as the implementation of precision medicine.

Similarly, the ministry also initiated national funding of EUR 1.5 million for ERA-Net PerMed.
On the other hand, France has been taking steps towards developing precision medicine, as the concept continues gaining momentum in the country.Besides, as one of the nations under the Precision Medicine Association in Europe, France plays an important role in augmenting the market growth by offering human resources for related clinical studies.

For instance, patients from seven French hospitals were included in an extensive study, termed SHIVA clinical trials, in 2016.They constituted a randomized proof-of-concept Phase II trial, distinguishing molecular targeted therapy, on the basis of tumor molecular profiling, versus conventional treatment in refractory cancer patients.

As a result, these factors are anticipated to propel the market growth in Europe, during the forecasted period.

COMPETITIVE INSIGHTS
Leading companies operating in the region’s market are, Novartis AG, Intomics, Eagle Genomics Ltd, Qiagen, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation cater to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

Companies mentioned
1. ABBOTT LABORATORIES
2. ASTRA ZENECA PLC
3. BIOCRATES LIFE SCIENCES AG
4. BIO-RAD LABORATORIES INC
5. DANAHER CORPORATION
6. EAGLE GENOMICS LTD
7. ELI LILLY & COMPANY
8. F. HOFFMANN-LA ROCHE
9. INTOMICS
10. LABORATORY CORPORATION OF AMERICA HOLDINGS
11. NANOSTRING TECHNOLOGIES
12. NOVARTIS AG
13. PFIZER INC
14. QIAGEN NV
15. QUEST DIAGNOSTICS INCORPORATED

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