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DUBLIN--(BUSINESS WIRE)--The "Global Precision Medicine Market (2020-2025) by Technology, Sequencing Technology, Products, Applications, End-Users, Route of Administration, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering. The Global Precision Medicine Market is estimated to be USD 53.5 Bn in 2020 and is expected to reach USD 92.2 Bn by 2025 growing at a CAGR of 11.5%. The factors such as patient's involvement in personal healthcare, development of technologies such as sequencing technologies, increasing genetic diseases, the growing demand for targeted therapies, and integration of big data healthcare companies with pharma & biotech companies are driving the market growth. The increasing population and rising cancer cases in developing countries in the APAC region like India and China are the major factors propelling the growth of the precision medicine market. The current soaring prices of drug discovery along with the increasing regulatory requirements have pushed the demand for an individualized product. Favorable government initiatives such as the Precision Medicine Initiative (PMI) launched by the National Institute of Health (NIH) in 2015, helped the market to expand. However, high diagnostic cost, limited knowledge about Precision Medicine Application, potential threat to the personal data, Lack of Robust Reimbursement Landscape, and stringent regulations hinder the growth of the market. Market Dynamics Drivers Restraints Opportunities Challenges Why buy this report? Report Highlights: Companies Mentioned For more information about this report visit https://www.researchandmarkets.com/r/7w7iq6

Answer: Global Precision Medicine Market (2020 to 2025) - by Technology, Sequencing Technology, Products, Applications, End-users, Route of Administration and Geography - ResearchAndMarkets.com