Precision Diagnostics Market Growth: Market Share Analysis and Outlook
The Precision
Diagnostics Market size was valued at USD 67.81 billion in 2022 and is expected
to reach at USD 172.75 billion by 2030 and grow at a CAGR of 12.4% over the
forecast period of 2023-2030
The Precision Diagnostics Market is a rapidly growing sector in
the healthcare industry that focuses on providing accurate and personalized
diagnostic tests and tools. With advancements in technology and the increasing
demand for targeted therapies, precision diagnostics have become essential in
improving patient outcomes and reducing healthcare costs.
One of the key drivers behind the growth of this market is the
rising prevalence of chronic diseases such as cancer, cardiovascular diseases,
and infectious diseases. Precision diagnostics play a crucial role in early
detection, prognosis, and monitoring of these conditions, enabling healthcare
professionals to tailor treatment plans based on individual patient
characteristics.
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Furthermore, precision diagnostics offer several advantages over
traditional diagnostic methods. They provide more precise and reliable results
by analyzing specific biomarkers or genetic mutations associated with a
particular disease. This enables clinicians to make informed decisions
regarding treatment options, including targeted therapies or personalized
medicine.
Another significant factor contributing to the expansion of the
precision diagnostics market is the increasing adoption of companion
diagnostics.
Key
Market Segmentation:
By Type
·
Genetic Tests
·
Esoteric Tests
·
Others
By Application
·
Oncology
·
Cardiovascular
·
Immunology
·
Others
By End User
·
Hospitals
·
Clinical Laboratories
·
Homecare
Key
players
The major Key players are Quest diagnostics, QIAGEN, Swiss
Precision Diagnostics, Koninklijke Philips N.V, Lantheus Medical Imaging,
Bluebird Bio and other players
Other
Report
Regenerative
Medicine Market Growth
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