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Precision Medicine Software Market Report


Company Analysis, History and Future Overview, Global Sales Trends by 2025


Published Date: 2019-08-21   |   Pages: Ongoing   |   Tables: Ongoing   |  Report ID: 7343 |  Industry: Miscellaneous  |   Format : pdf word ppt excel



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The global precision medicine software market is forecast to gain growth on the back of increasing application of such software in the diagnosis of infectious diseases and screening of prenatal aneuploidy. Vendors are expected to introduce innovative solutions in the global market to expand their customer base. Some of them are anticipated to focus on establishing new facilities in emerging economies to bank on key growth opportunities. Developing partnerships with healthcare companies could be one of the most common strategies adopted in the global market.

In July 2019, Syapse, a US developer of cloud-based data medical software, strategically collaborated with Pfizer to advance cancer outcomes research by generating insights from real-world evidence. In May 2019, Syapse formed a precision medicine collaboration with Amgen, a US-based multinational biopharmaceutical company.

Rising Incidence of Cancer to Increase Need for Precision Medicine Software

Growing requirement of precision medicine for cancer treatment is prophesied to largely contribute to the growth of the global precision medicine software market. Besides high prevalence of cancer, other factors such as growing number of collaborations and partnerships between healthcare IT companies and healthcare institutions could increase the need for precision medicine software. One of the crucial factors augmenting the demand for precision medicine software is the need to predict long-term prognosis and measure patient outcome. High use of precision medicine software to identify therapeutic targets in neoplasms is expected to push the demand in the global market.

Vendors to Partner with Health Systems to Make Precision Medicine More Accessible

The report includes company profiling of important players of the global precision medicine software market such as Syapse, Inc., Fabric Genomics, Inc., Translational Software Inc., SOPHiA GENETICS SA, N-of-One Inc. (a subsidiary of Qiagen N.V.), Human Longevity, Inc., Gene42 Inc., Sunquest Information Systems, Inc., PierianDx Inc., LifeOmic, Foundation Medicine Inc., and 2bPrecise LLC. Players could look to penetrate into profitable developing markets such as the MEA and Asia Pacific. Market observers also expect them to adopt inorganic and organic growth strategies to increase their presence in the global market.

In August 2019, Progknowse, a US precision medicine technology firm, partnered with St. Luke’s University Health Network, Riverside Health System, and LifeBridge Health in collaboration with American healthcare improvement company Premier. The partnership aims at developing predictive algorithms for actionable and precise therapeutic recommendations for personalizing and improving healthcare delivery.

Key Takeaways

    Increasing partnerships between healthcare software companies and healthcare providers to bode well for the global precision medicine software market

   On-premise to secure a substantial share of the global precision medicine software market

   Application of precision medicine software in oncology to show massive growth in the near future

   North America to gain a leading share of the global precision medicine software market

By Delivery Mode

   Cloud-based

   On-premise

By Application

   Rare Diseases

   Oncology

   Pharmacogenomics

By End User

   Healthcare Providers

   Pharmaceutical and Biotechnology Companies

Analysts predict on-premise delivery mode to show excellent growth in the global precision medicine software market due to its various advantages. End users of on-premise delivery models can use products and services from different vendors. Among applications, oncology is foretold to secure a remarkable market share because of increasing use of precision medicine in oncology research and the growth in cancer research funding. Researchers expect healthcare providers to become a highly lucrative segment of the global market due to increased use of precision medicine software to examine rare disorders.

By Region

world_regions

Regionally, North America is prognosticated to exhibit telling growth in the global precision medicine software market, taking into consideration its high investments in healthcare IT. Promising government funding and significant adoption of digitalization in the US and Canada are expected to strengthen the growth of the North America market. Researchers also anticipate the implementation of stringent healthcare policies and regulatory mandates to positively impact the market growth in North America.

Price Analysis

Selecting the right price analysis vendor is important for precision medicine software companies to make the right impact on the global market in terms of price. With thorough knowledge about competitor prices and competitor pricing strategies, companies operating in the global market will not only be able to find the best prices for their offerings but also attract more number of customers. The price analysis provided in the report concentrates on various pricing aspects such as value-based pricing, competitor-based pricing, and cost plus pricing. On the whole, it prepares players to give a tough competition to other market participants on the basis of price.

Agriculture


Agriculture is expected to be an important sector of the global business in the coming years. At QYR Consulting we make sincere efforts to help you improve your performance and transform your business by seizing the opportunities. Our research reports include an assessment of the shifting agricultural trends, evolving energy needs, and introduction of disruptive technologies. We offer market outlooks after through research, which is conducted using primary and secondary research methodologies.

Our reports highlight the best investment opportunities by evaluating the risk factors. Over a period of time, we have built a valuable network of market experts, which makes its own, invaluable contribution in writing these business reports. With our understanding of the promising markets, we present to you a heuristic approach towards discovering the future of energy and agriculture sector.


Energy and Power


Energy and power systems across the globe have undergone massive changes in recent years. The surging demand for power consumption has drastically impacted generation and distribution of energy through the years. The changing landscape, with innovation in automotive, housing, and industrial sectors, has pushed energy and power companies to not just boost production but also look for alternatives for sustainability. The sector is challenged by issues of soaring demand and rising CO2 emissions.

The research reports shed light on the energy and power needs of the future. They predict the rise and fall from conventional energy consumption to renewable power production. Analysts have discussed the benefits and hurdles that energy mixes are expected to bring. Wind, solar, and other renewable and less harmful energy sources have been extensively researched and written about in these research reports.


Service and Software


The software industry has reinvented the future of business over the years. From providing top-notch solutions to customizing them for specific needs, the software industry offers myriad services. Shifting trends and needs of the global citizens has drastically helped the service and software industry as devised applications that were unheard of. We understand your changing needs that demand unique vision and strategy.


The software industry has reinvented the future of business over the years. From providing top-notch solutions to customizing them for specific needs, the software industry offers myriad services. Shifting trends and needs of the global citizens has drastically helped the service and software industry to devise applications that were unheard of. We understand your changing needs that demand unique vision and strategy.

The research reports have been collated by an expert team of analysts who aim to be your guiding hand through the coming years. The thoughtful evaluation of the service and software industry attempts to provide a detailed picture of the changing competitive landscape. Analysts have discussed products and evaluated the way they must progress to stay ahead of the game.

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Why QYR Consulting?


We are committed to delivering the best solutions and we offer a 24*7 helpline.


We promise superior quality of authenticated data.


We offer help and advice across varying time zones.


We boast a strong team of experienced analysts.


We have an exhaustive repository of published reports.


Read More

Contact us Directly

USA
 +1 626 428 8800

India
  +91 20 67104444

Beijing
  +86 108 294 5717

For Enquiry : sales@qyrconsulting.com

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  You must accept our privacy policies before submit your requirement




Why QYR Consulting?


We are committed to delivering the best solutions and we offer a 24*7 helpline.


We promise superior quality of authenticated data.


We offer help and advice across varying time zones.


We boast a strong team of experienced analysts.


We have an exhaustive repository of published reports.


Read More

Contact us Directly

USA
 +1 626 428 8800

India
  +91 20 67104444

Beijing
  +86 108 294 5717

For Enquiry : sales@qyrconsulting.com

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NOTE - The analysis, thoughts, views, facts, and opinions expressed in this report are of the respective research analysts.QYR Consulting does not necessarily endorse it or it is also not essentially formal views of QYR Consulting.



Precision Medicine Software Market Report