The global demand for Pharmacogenomics Technology Market is presumed to reach the market size of nearly USD 15.59 BN by 2030 from USD 7.6 BN in 2022 with a CAGR of 9.4% under the study period 2023 - 2030.
Pharmacogenomics technology, often abbreviated as PGx, is an interdisciplinary field that combines the study of drugs, i.e., pharmacology, and the study of genes and their functions, i.e., genomics, to understand how an individual's genetic makeup influences their response to medications. This field aims to tailor drug therapies to an individual's genetic profile, ultimately leading to more effective and safer drug treatments.
The Pharmacogenomics technology market is experiencing substantial growth driven by a convergence of factors emphasizing the pivotal role of genetics in healthcare and the potential for more effective and personalized treatments. Pharmacogenomics, which tailors drug therapies to an individual's genetic profile, is at the forefront of this transformation in medicine. Advancements in genomic research and the identification of genetic markers associated with drug responses are expanding the capabilities of pharmacogenomics technology. As healthcare providers and pharmaceutical companies increasingly prioritize drug safety and efficacy, pharmacogenomics offers a valuable solution by identifying patients at risk of adverse reactions and optimizing drug selection and dosing. The rise of personalized medicine, particularly in oncology, is a significant driver, enabling tailored treatment plans based on a patient's genetic makeup. Government initiatives, precision medicine programs, and patient advocacy are further promoting the integration of pharmacogenomics into clinical practice. Ethical considerations and responsible genetic data are used to highlight the need for pharmacogenomics technology to provide safer and more effective healthcare. The Pharmaceutical industry's investment in research and development in this field and the increasing accessibility of genetic testing technology contribute to the market's rapid expansion.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of pharmacogenomics technology. The growth and trends of pharmacogenomics technology industry provide a holistic approach to this study.
This section of the pharmacogenomics technology market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Therapeutic Area
By Technology
This section covers the regional outlook, which accentuates current and future demand for the Pharmacogenomics Technology market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Pharmacogenomics Technology market include QIAGEN, GE HealthCare, Agilent Technologies, Inc., F. Hoffmann-La Roche Ltd, FOUNDATION MEDICINE, INC., Thermo Fisher Scientific Inc., Leica Biosystems Nussloch GmBH, Pfizer Inc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . PHARMACOGENOMICS TECHNOLOGY – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 Market Attractiveness Analysis By Therapeutic Area
3.7.2 Market Attractiveness Analysis By Technology
3.7.3 Market Attractiveness Analysis By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . GLOBAL PHARMACOGENOMICS TECHNOLOGY MARKET ANALYSIS BY THERAPEUTIC AREA
5.1 Overview by Therapeutic Area
5.2 Historical and Forecast Data
5.3 Analysis by Therapeutic Area
5.4 Oncology (Lung Cancer, Breast Cancer, Colorectal Cancer, Cervical Cancer, Others) Historic and Forecast Sales by Regions
5.5 Neurological Disorders Historic and Forecast Sales by Regions
5.6 Cardiovascular Disease Historic and Forecast Sales by Regions
5.7 Immunological Disorders Historic and Forecast Sales by Regions
5.8 Infectious Diseases Historic and Forecast Sales by Regions
5.9 Others Historic and Forecast Sales by Regions
6 . GLOBAL PHARMACOGENOMICS TECHNOLOGY MARKET ANALYSIS BY TECHNOLOGY
6.1 Overview by Technology
6.2 Historical and Forecast Data
6.3 Analysis by Tec ...