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Pulished Date April, 2021
ID: 1400
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Europe Precision Medicine Market Research Report – Segmented By Technology, Application, By Country (UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic and Rest of Europe) - Size, Share, Trends, Growth Opportunities Assessment, Industry Forecast (2021 to 2026)

Pulished: April, 2021
ID: 1400
Pages: 145

Europe Precision Medicine Market Size (2021 to 2026)

The European Precision Medicine Market size is estimated to be worth USD 25.30 billion by 2026 from USD 15.08 billion in 2021, growing at a CAGR of 10.9% from 2021 to 2026.

Precision Medicine refers to the tailoring of medical treatment to the individual characteristics of each patient. This new approach enables doctors to assess disease risk better and predict optimal therapy.

The rising prevalence for the development of new drugs with the help of genome therapies is lucratively elevating the market's growth rate. Also, increasing focus on expanding healthcare centers with high-quality treatment procedures is leveraging the growth rate of precision medicine in Europe. Besides, the growing advantages of precision medicine in cancer diagnostics and therapeutics greatly influence the demand of the market. Surging cancer cases and growing demand from the patients to develop accurate medicines are leveling up the growth rate of this market to the extent. The emergence of advanced technologies and ongoing research and development activities with genetic technologies favor boosting market demand. The rising number of clinical trials and growing demand to utilize next-generation sequencing techniques are propelling the market's growth rate.

However, the high cost for the maintenance and installation of the devices in the laboratories and diagnostic centers is slowly declining the market's growth rate. Lack of standardization is one of the major factors hindering the personalized market's growth rate in Europe. Along with this, rising threats to privacy data are hampering market demand. Government organizations are imposing strict rules to approve a new product, which impedes the growth rate of the market. Also, fewer training sessions and a lack of proper knowledge in examining the genes and proteins of an individual are likely to limit the demand of this market.

COVID 19 Impact on European Precision Healthcare Market:

Since the COVID 19 pandemic has started, precision medicine is a sign to treat non-communicable diseases. As people with various health disorders like cancer, cardiovascular, and diabetes are at higher risk of the novel coronavirus, there is a huge demand for precision medicine patients. To fight against the coronavirus, it is vital to find innovative products for the patients affected with the COVID 19. All the healthcare services are completely focusing on preventing severe illness from COVID 19. Government and non-government organizations find a way to develop a vaccine for the coronavirus and collect data from cancer, cardiovascular, and diabetes patients affected by the COVID 19. To build strong healthcare services during this outbreak, precision medicine is playing an important role.

This research report on the European Precision Medicine Market has been segmented and sub-segmented into the following categories:

By Technology: 

  • Big Data Analytics
  • Bioinformatics
  • Gene Sequencing
  • Drug Discovery
  • Companion Diagnostics
  • Others

By Technology, the drug discovery market holds the largest share, followed by gene sequencing and companion diagnostics, and big data analytics is expected to grow at the highest CAGR.

By Application: 

  • Oncology
  • CNS
  • Immunology
  • Respiratory
  • Others

By Application, the oncology segment holds the largest market share, followed by the CNS and immunology segments.

By Country: 

  • UK
  • France
  • Spain
  • Germany
  • Italy
  • Russia
  • Sweden
  • Denmark
  • Switzerland
  • Netherlands
  • Turkey
  • Czech Republic
  • Rest of Europe

Regional Analysis:

Europe is following North America is leading the dominant shares of the market. Constant economic growth is one of the factors impelling the demand of the market in this region. Rising government initiative in favor of the end-user is also surging the growth rate of the market. For instance, in November 2016, European and international members with policy-making organizing launched an International Consortium for Personalised Medicine, ICPerMed. This initiative is propelling the research activities to develop accurate, precision medicine.

Among all, the UK is holding with the largest shares of the market. The increasing scale of research centers and laboratories is impacting positively on the growth rate of the market. Increasing the genome analysis experience to the professionals is also leveraging the market's growth rate in this country. Genomic medicine is associated with cancer cases where understanding the tumor cells will make the physicians prescribe precision medicine. This is anticipated to fuel the growth rate of the market tremendously. Big data is a newly emerging technology in the pharma & biotech companies, accelerating precision medicine demand.

The precision medicine market is growing in the UK and is one of the leaders in precision medicine. The UK government has invested 210 million pounds in the development of precision medicine and genome sequencing. This will help promote better diagnosis for rare diseases, and those who have cancer can get better access to personalized treatment programs. Increasing support from the government and non-government organizations is a major factor in enhancing the market's growth rate. 

France is following the UK in leading dominant shares of the market. The French government launched a new platform called Human MEDicine (Hu-PreciMED), which included around 45 companies from digital and medical companies. This project will connect the companies to improve the current therapeutic method. Increasing COVID-19 cases is also ascribed to bolster the growth of the market. 

The precision market size is growing in Spain. The Spanish government has developed a new infrastructure for precision medicine. Also, the rise in disposable income is escalating the growth rate of the market. Increasing incidences of chronic diseases are additionally propelling the demand of the market. Raising awareness through campaigns and digital advertisements is also greatly influencing the demand for the precision market in Spain. The growing geriatric population is enhancing the growth rate of the market. 

Key market participants dominating the European Precision Medicine Market are Pfizer, Roche, Covance, Novartis, Qiagen, Biocrates Life Sciences, Teva Pharmaceutical, Nanostring Technologies, Laboratory Corporation of America Holdings, Tepnel Pharma Services, Intomics, Ferrer InCode, Silicon Biosystems, Eagle Genomics, Medtronic, and Quest Diagnostics.

1.Introduction                                  

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                           

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                              

                2.2 Research Phases                      

                                2.2.1 Secondary Research            

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling     

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                      

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                             

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                      

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market               

5. Market Segmentation                                              

                5.1 Technology                

                                5.1.1 Introduction           

                                5.1.2 Big Data Analytics

                                5.1.3 Bioinformatics       

                                5.1.4 Gene Sequencing

                                5.1.5 Drug Discovery      

                                5.1.6 Companion Diagnostics     

                                5.1.7 Others      

                                5.1.8 Y-o-Y Growth Analysis, By Technology         

                                5.1.9 Market Attractiveness Analysis, By Technology       

                                5.1.10 Market Share Analysis, By Technology      

                5.2 Application                 

                                5.2.1 Introduction           

                                5.2.2 Oncology 

                                5.2.3 CNS            

                                5.2.4 Immunology          

                                5.2.5 Respiratory             

                                5.2.6 Others      

                                5.2.7 Y-o-Y Growth Analysis, By Application         

                                5.2.8 Market Attractiveness Analysis, By Application        

                                5.2.9 Market Share Analysis, By Application         

6. Geographical Analysis                                              

                6.1 Introduction                              

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Product

                                                6.1.3.3 By Type

                                                6.1.3.4 By Application

                                                6.1.3.5 By Indication

                                6.1.4 Market Attractiveness Analysis      

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Product

                                                6.1.4.3 By Type

                                                6.1.4.4 By Application

                                                6.1.4.5 By Indication

                                6.1.5 Market Share Analysis        

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Product

                                                6.1.5.3 By Type

                                                6.1.5.4 By Application

                                                6.1.5.5 By Indication

                6.2 U.K                

                6.3 Spain                             

                6.4 Germany                     

                6.5 Italy                               

                6.6 France                          

7.Strategic Analysis                                        

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental      

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services

                                7.2.5 Competitive Rivalry within the Industry      

8.Market Leaders' Analysis                                          

                8.1 Pfizer                            

                                8.1.1 Overview

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Roche                           

                8.3 Covance                      

                8.4 Novartis                       

                8.5 Qiagen                         

                8.6 Biocrates Life Sciences                          

                8.7 Teva Pharmaceutical                              

                8.8 Nanostring Technologies                      

                8.9 Laboratory Corporation of America Holdings                

                8.10 Medtronic                

9.Competitive Landscape                                            

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                        

                9.3 Agreements, collaborations and Joint Ventures                          

                9.4 New Product Launches                          

10.Market Outlook and Investment Opportunities                                           

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Europe Precision Medicine Market, By Region, From 2021 to 2026 (USD Billion)
  2. Europe Precision Medicine Market, By Technology, From 2021 to 2026 (USD Billion)
  3. Europe Big Data Analytics Market, By Region, From 2021 to 2026 (USD Billion)
  4. Europe Bioinformatics Market, By Region, From 2021 to 2026 (USD Billion)
  5. Europe Gene Sequencing Market, By Region, From 2021 to 2026 (USD Billion)
  6. Europe Drug Discovery Market, By Region, From 2021 to 2026 (USD Billion)
  7. Europe Companion Diagnostics Market, By Region, From 2021 to 2026 (USD Billion)
  8. Europe Other Precision Medicine Technologies Market, By Region, From 2021 to 2026 (USD Billion)
  9. Europe Precision Medicine Market, By Application, From 2021 to 2026 (USD Billion)
  10. Europe Oncology Precision Medicine Market, By Region, From 2021 to 2026 (USD Billion)
  11. Europe CNS Precision Medicine Market, By Region, From 2021 to 2026 (USD Billion)
  12. Europe Immunology Precision Medicine Market, By Region, From 2021 to 2026 (USD Billion)
  13. Europe Respiratory Precision Medicine Market, By Region, From 2021 to 2026 (USD Billion)
  14. Europe Other Precision Medicine Applications Market, By Region, From 2021 to 2026 (USD Billion)
  15. U.K Precision Medicine Market, By Technology, From 2021 to 2026 (USD Billion)
  16. U.K Precision Medicine Market, By Application, From 2021 to 2026 (USD Billion)
  17. Spain Precision Medicine Market, By Technology, From 2021 to 2026 (USD Billion)
  18. Spain Precision Medicine Market, By Application, From 2021 to 2026 (USD Billion)
  19. Germany Precision Medicine Market, By Technology, From 2021 to 2026 (USD Billion)
  20. Germany Precision Medicine Market, By Application, From 2021 to 2026 (USD Billion)
  21. Italy Precision Medicine Market, By Technology, From 2021 to 2026 (USD Billion)
  22. Italy Precision Medicine Market, By Application, From 2021 to 2026 (USD Billion)
  23. France Precision Medicine Market, By Technology, From 2021 to 2026 (USD Billion)
  24. France Precision Medicine Market, By Application, From 2021 to 2026 (USD Billion)

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