Report Highlights
- The global market for personalized medicine technology is projected to be $14.4 billion in 2009 and is expected to reach $29.2 billion in 2014, for a compound annual growth rate (CAGR) of 15.2%
- Pharmacogenomics is a major revenue generating market, contributing about 28.7% to the total personalized medicine market in 2009, at $4.1 billion; this should reach $9.5 billion in 2014, for a CAGR of 18%
- The point-of-care market has the second largest share of the market, at $2.7 billion in 2009. This is expected to increase to $5.1 billion in 2014, for a CAGR of 18%.
INTRODUCTION
- To measure the personalized medicine market, which has experienced high growth year to year.
- To analyze the current personalized medicine business model and to evaluate the commercial use of the personalized medicine technology platform.
- To analyze individual submarkets for personalized medicine in terms of technology, products, services, application areas and geography.
- To estimate the growth rate of all the submarkets based on various factors.
- To analyze and forecast the market data for each subsegment for the next 5 years.
- To define and identify the high growth markets among the subsegments of the personalized medicine market.
- To strategically discuss the trends and market opportunities for the various stakeholders in identifying the focus areas within the market.
- To strategically analyze the competitive landscape and the participation of all the top companies in the market.
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Report Highlights
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The worldwide market for pharmacogenomics reached $1.24 billion in 2004 and is projected to rise at an average annual growth rate (AAGR) of 24.5% to reach $3.7 billion by 2009.
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Diagnostics comprised 39.2% of the total market in 2004 and are projected to rise at an AAGR of 28.4% to account for 45.3% of the total in 2009.
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Genotyping technologies are expected to expand at an AAGR of 26.5% to reach $1.7 billion or 44% of the total market.
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SNP identification technologies reached sales of $200.7 million in 2004 and are projected to increase at an AAGR of 14.6% to reach $397.2 million in 2009.
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