Global Industry Analysts Predicts the World Precision Medicine Software Market to Reach $2.4 Billion by 2026
SAN FRANCISCO, Aug. 31, 2021 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Precision Medicine Software – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 5; Released: April 2021
Executive Pool: 1043
Companies: 34 – Players covered include 2bprecise, LLC; Fabric Genomics, Inc.; Foundation Medicine, Inc.; Gene42, Inc.; Human Longevity, Inc.; Lifeomic Health, LLC; N-Of-One, Inc. (A Subsidiary of Qiagen N.V.); Pieriandx, Inc.; Sophia Genetics Sa; Sunquest Information Systems, Inc.; Syapse, Inc.; Translational Software Inc. and Others.
Coverage: All major geographies and key segments
Segments: Deployment (On-Premise, Cloud); Application (Oncology, Pharmacogenomics, Rare Diseases, Other Applications); End-Use (Healthcare Providers, Research Centers & Academic Institutes, Pharma & Biotech Companies, Other End-Uses)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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ABSTRACT-
Global Precision Medicine Software Market to Reach $2.4 Billion by 2026
Amid the COVID-19 crisis, the global market for Precision Medicine Software estimated at US$1.3 Billion in the year 2020, is projected to reach a revised size of US$2.4 Billion by 2026, growing at a CAGR of 10.1% over the analysis period. On-Premise, one of the segments analyzed in the report, is projected to record a 9.4% CAGR and reach US$1.5 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Cloud segment is readjusted to a revised 11.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $390 Million in 2021, While China is Forecast to Reach $480.2 Million by 2026
The Precision Medicine Software market in the U.S. is estimated at US$390 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$480.2 Million by the year 2026 trailing a CAGR of 13.2% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7% and 8.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7.9% CAGR. More
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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: ZA@StrategyR.com
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SOURCE Global Industry Analysts, Inc.
