The Global Pharmacogenomics Market is expected to grow at a positive CAGR of 8.61% during the forecast period 2018-2025. The market value was accounted $5,312.8 million in 2017 which is estimated to reach $10,265.5 million by the year 2025.
The Pharmacogenomics industry growth is driven various factors such as increase in number of pharmacogenomics-based tests due increasing ailments, such as tuberculosis, cancer, cardiovascular diseases, Alzheimers disease and others. Increasing preference towards personalized therapy-based medications is also boosting the market growth over the forecast period.
Abbott Laboratories, Thermo Fisher Scientific, Inc., Dynamic DNA Laboratories, OPKO Health, Inc. (GeneDx.), Empire Genomics, LLC, OneOme, LLC, F. Hoffmann-La Roche Ltd., Myriad Genetics Inc., Illumina, Inc. and Admera Health are some major players present in the global Pharmacogenomics market.
Abbott Laboratories was founded in 1888 and the company is headquartered in the United States. The company is involved in the sale, manufacturing, development and discovery of wide range of healthcare products. There are four major business segments through which company operates: Vascular Products, Nutritional Products, Diagnostic Products and Pharmaceutical Products. The company also offers various products through St. Jude Medical, Inc. some of them are neuromodulation products, structural heart products, vascular products, heart failure related products, electrophysiology products and rhythm management products.
Thermo Fisher Scientific, Inc.
Thermo Fisher Scientific, Inc. was founded in 2006 and the company is based in the United States. The company sells, manufacture and develops a wide range of medical products. There are four major business segments through which company operates: Laboratory Products and Services, Specialty Diagnostics, Analytical Instruments and Life Sciences Solutions. The company offers range of products and services under its various brands such as Unity Lab Services, Fisher Scientific, Invitrogen, Applied Biosystems and Thermo Scientific. The Thermo Scientific brand provide industrial, diagnostics, research and applied markets consumables and reagents, services, software, laboratory equipment and analytical instruments. The product portfolio of the company includes technologies for chromatography, mass spectrometry, sample preparation, molecular spectroscopy, bioprocess production, therapeutic drug monitoring testing and many more.
Recent Strategic Development:
On August 2019, Collaboration: Thermo Fisher Scientific, Coriell Life Sciences and KPMG collaborated to form a link between genes and medications. The collaboration will help to offer pharmacogenomic testing for customers of KPMG’s Care Continuum Optimization platform. The primary objective of the deal is to improve clinical outcomes and medication safety.
Dynamic DNA Laboratories
Dynamic DNA Laboratories was founded in the year 2015 and the company is based in the United States. The company majorly focuses upon research and development and offers wide range of DNA testing products. The company provide unique variety of services that include testing in-house. The company product and service portfolio include microbial identification, fluorescent and electron microscopy, epigenetic analysis, contamination studies, gene expression and DNA sequencing. The company also offers direct-to-consumer genetic testing products such as DNA Portraits/Artwork, Paternity and Familial Testing, Ancestry Testing, DNA Skin Panel, DNA Fitness Panel, DNA Nutrition Panel and Personalized Medicine Reporting.
Likewise, the research report compiled by Report Ocean provides more detailed insights about other companies included in the company profile section of the global Pharmacogenomics market research study. Apart from company profile, the research study also offers overall market analysis while covering various market segments and detailed geographical study.
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