Product Code: GVR-1-68038-940-1
Pharmacogenomics Technology Market Growth & Trends:
The global pharmacogenomics technology market size is expected to reach USD 12.3 billion by 2030, expanding at a CAGR of 8.7% from 2023 to 2030, according to a new report by Grand View Research, Inc.. Diagnostics is coming to grips with the wave of pharmacogenomic tests that are followed by new biological therapy introductions. These tests enable cost-effective treatment and also add value to the process of drug development. Advantages associated with the usage of these tests such as disease risk prediction, patient stratification, and therapeutic response monitoring over the traditional methods is anticipated to a significant source of progress in this pharmacogenomics companion diagnostics market.
In addition, pharmacogenomics testing products aid physicians in individualizing and optimization of the patient's therapeutic regimen. Pharmacogenomics and theranostics are paving the way for integrated medicine. Rapid evolution in this group of specialized molecular diagnostic tests is contributing to improvement for the assessment of real-time treatment of disease.
However, the presence of challenges pertaining to early integration of pharmacogenomic based testing into drug development timelines for gaining the approval simultaneously is anticipated to impede growth. Proper designing and implementation of clinical trials in order to identify individual as well as population variations from a given therapy have become a necessary attribute for the success of theranostics.
Pharmacogenomics Technology Market Report Highlights:
- Oncology is estimated to account for the largest revenue share owing to the presence of a substantial number of products in this segment
- Furthermore, precision oncology investigators envision in giving multiple medications, in varied sorts of combinations, in an effort to squelch a tumor rather than just temper its growth
- Aforementioned fact is responsible for the estimated revenue share of cancer in the pharmacogenomics technology market
- Polymerase Chain Reaction (PCR) was the largest revenue grossing segment of the with respect to technology for theranostics
- Advantages associated with the use of the PCR technique makes it the current workhorse of clinical diagnostics
- Moreover, reproducible and precise results produced with the assays without sacrificing the sensitivity are responsible for the estimated share
- North American region dominates the pharmacogenomics technology market as a consequence of economic incentives for drug developers to pair their products with diagnostics.
- Asia Pacific market is projected to showcase the fastest growth over the forecast period as the companies are engaged in capturing untapped opportunities
- Key players operating include F Hoffman La Roche, Agilent Technologies, Thermo Fisher Scientific Inc., GE Healthcare, Pfizer, Qiagen NV, Leica Biosystems Nussloch GmBH, and Foundation Medicine.
- Diagnostic companies are positioning themselves to offer theranostic tools by widening the application of in-vitro diagnostic technologies to include more than just disease detection
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.1.1. Therapeutic area
- 1.1.2. Technology
- 1.1.3. Regional scope
- 1.1.4. Estimates and forecast timeline
- 1.2. Research Methodology
- 1.3. Information Procurement
- 1.3.1. Purchased database
- 1.3.2. GVR's internal database
- 1.3.3. Secondary sources
- 1.3.4. Primary research
- 1.3.5. Details of primary research
- 1.4. Information or Data Analysis
- 1.5. Market Formulation & Validation
- 1.6. Model Details
- 1.7. List of Secondary Sources
- 1.8. List of Primary Sources
- 1.9. Objectives
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Therapeutic area outlook
- 2.2.2. Technology outlook
- 2.2.3. Regional outlook
- 2.3. Competitive Insights
Chapter 3. Pharmacogenomics Technology Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent market outlook
- 3.1.2. Related/ancillary market outlook
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Market Dynamics
- 3.3.1. Market driver analysis
- 3.3.2. Market restraint analysis
- 3.4. Pharmacogenomics Technology Market Analysis Tools
- 3.4.1. Industry Analysis - Porter's
- 3.4.1.1. Supplier power
- 3.4.1.2. Buyer power
- 3.4.1.3. Substitution threat
- 3.4.1.4. Threat of new entrant
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Technological landscape
- 3.4.2.3. Economic landscape
Chapter 4. Pharmacogenomics Technology: Therapeutic Area Estimates & Trend Analysis
- 4.1. Pharmacogenomics Technology Market: Key Takeaways
- 4.2. Pharmacogenomics Technology Market: Movement & Market Share Analysis, 2022 & 2030
- 4.3. Oncology
- 4.3.1. Oncology market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.3.1.1. Lung cancer
- 4.3.1.1.1. Lung cancer market estimates and forecast 2018 to 2030 (USD Million)
- 4.3.1.2. Breast cancer
- 4.3.1.2.1. Breast cancer market estimates and forecast 2018 to 2030 (USD Million)
- 4.3.1.3. Colorectal cancer
- 4.3.1.3.1. Colorectal cancer market estimates and forecast 2018 to 2030 (USD Million)
- 4.3.1.4. Cervical cancer
- 4.3.1.4.1. Cervical cancer market estimates and forecast 2018 to 2030 (USD Million)
- 4.3.1.5. Others
- 4.3.1.5.1. Others cancer market estimates and forecast 2018 to 2030 (USD Million)
- 4.4. Neurological Disorders
- 4.4.1. Neurological disorders market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.5. Cardiovascular Disease
- 4.5.1. Cardiovascular disease market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.6. Immunological Disorders
- 4.6.1. Immunological disorders market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.7. Infectious Disease
- 4.7.1. Infectious disease market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.8. Others
- 4.8.1. Others market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 5. Pharmacogenomics Technology: Technology Estimates & Trend Analysis
- 5.1. Pharmacogenomics Technology Market: Key Takeaways
- 5.2. Pharmacogenomics Technology Market: Movement & Market Share Analysis, 2022 & 2030
- 5.3. PCR
- 5.3.1. PCR market estimates and forecasts, 2018 to 2030 (USD Million)
- 5.4. In-situ Hybridization
- 5.4.1. In-situ hybridization market estimates and forecasts, 2018 to 2030 (USD Million)
- 5.5. Immunohistochemistry
- 5.5.1. Immunohistochemistry market estimates and forecasts, 2018 to 2030 (USD Million)
- 5.6. Sequencing
- 5.6.1. Sequencing market estimates and forecasts, 2018 to 2030 (USD Million)
- 5.7. Others
- 5.7.1. Others market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 6. Pharmacogenomics Technology Market: Regional Estimates & Trend Analysis
- 6.1. Regional Outlook
- 6.2. Pharmacogenomics Technology Market by Region: Key Marketplace Takeaway
- 6.3. North America
- 6.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 6.3.2. U.S.
- 6.3.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 6.3.3. Canada
- 6.3.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 6.4. Europe
- 6.4.1. UK
- 6.4.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 6.4.2. Germany
- 6.4.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 6.4.3. France
- 6.4.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 6.4.4. Italy
- 6.4.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 6.4.5. Spain
- 6.4.5.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 6.4.6. Sweden
- 6.4.6.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 6.4.7. Norway
- 6.4.7.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 6.4.8. Denmark
- 6.4.8.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 6.5. Asia Pacific
- 6.5.1. Japan
- 6.5.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 6.5.2. China
- 6.5.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 6.5.3. India
- 6.5.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 6.5.4. Australia
- 6.5.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 6.5.5. Thailand
- 6.5.5.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 6.5.6. South Korea
- 6.5.6.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 6.6. Latin America
- 6.6.1. Brazil
- 6.6.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 6.6.2. Mexico
- 6.6.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 6.6.3. Argentina
- 6.6.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 6.7. MEA
- 6.7.1. Saudi Arabia
- 6.7.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 6.7.2. South Africa
- 6.7.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 6.7.3. UAE
- 6.7.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 6.7.4. Kuwait
- 6.7.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
Chapter 7. Competitive Landscape
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Market Participant Categorization
- 7.2.1. QIAGEN
- 7.2.1.1. Company overview
- 7.2.1.2. Financial performance
- 7.2.1.3. Product benchmarking
- 7.2.1.4. Strategic initiatives
- 7.2.2. GE HealthCare
- 7.2.2.1. Company overview
- 7.2.2.2. Financial performance
- 7.2.2.3. Product benchmarking
- 7.2.2.4. Strategic initiatives
- 7.2.3. Agilent Technologies, Inc.
- 7.2.3.1. Company overview
- 7.2.3.2. Financial performance
- 7.2.3.3. Product benchmarking
- 7.2.3.4. Strategic initiatives
- 7.2.4. F. Hoffmann-La Roche Ltd.
- 7.2.4.1. Company overview
- 7.2.4.2. Financial performance
- 7.2.4.3. Product benchmarking
- 7.2.4.4. Strategic initiatives
- 7.2.5. FOUNDATION MEDICINE, INC.
- 7.2.5.1. Company overview
- 7.2.5.2. Financial performance
- 7.2.5.3. Product benchmarking
- 7.2.5.4. Strategic initiatives
- 7.2.6. Thermo Fisher Scientific Inc.
- 7.2.6.1. Company overview
- 7.2.6.2. Financial performance
- 7.2.6.3. Product benchmarking
- 7.2.6.4. Strategic initiatives
- 7.2.7. Leica Biosystems Nussloch GmBH
- 7.2.7.1. Company overview
- 7.2.7.2. Financial performance
- 7.2.7.3. Product benchmarking
- 7.2.7.4. Strategic initiatives
- 7.2.8. Pfizer Inc.
- 7.2.8.1. Company overview
- 7.2.8.2. Financial performance
- 7.2.8.3. Product benchmarking
- 7.2.8.4. Strategic initiatives