Follow on Google News News By Tag Industry News News By Location Country(s) Industry News
Follow on Google News | Precision Medicine Software Market is estimated to expand at a healthy CAGR of ~10% by 2026Precision medicine, sometimes referred to as "personalized medicine" is an advanced method to tailoring disease prevention and treatment based on the individual's unique appearances and genetic make-up.
The global precision medicine software market is anticipated to witness a CAGR of ~10%, driven by the growing research in the field of genomics/precision medicine, significant VC funding, increasing government support, and rapid shift towards personalized treatments. The Change from the Leading One-Size-Fits- The precision medicine approach promises better clinical outcomes, safer medicines, and less wastage/cost savings. With the growing demand to deliver value to healthcare systems, drug developers have begun to move away from the traditional one-size-fits- In 2020, the FDA approved 20 personalized medicines and biologics (39% of the new approvals). Over the past five years, precision medicines have accounted for a quarter or more of all new drugs approved by the FDA each year. With the rising interest and growing opportunities in precision medicine, the demand for precision medicine software is also anticipated to grow. Favorable Government Initiatives Recognizing the long-term benefits of personalized care in improving population health and reducing healthcare costs, governments around the world are supporting advanced treatments such as precision medicine through initiatives, regulatory changes, and/or funding research. For instance,
Competitive Landscape Analysis of Precision Medicine Software Market The global precision medicine software market is highly competitive and fragmented. Some of the key/promising players in this market include Syapse, Fabric Genomics, Sophia Genetics, 2bprecise, PierianDx, Inc., PhenoTips, Foundation Medicine, Inc., GenomOncology, LLC, Translational Software, Inc., LifeOmic Health, LLC, Sunquest Information Systems, Inc., Tempus, Human Longevity, Inc., and N-of-One Inc. End
Account Email Address Account Phone Number Disclaimer Report Abuse
|
|