Published on 29 Jun 2019:

Meticulous Research® – leading global market research company is researching on precision medicine software market titled “Precision Medicine Software Market by Delivery Mode (On-Premise, Cloud-Based), Application (Oncology, Pharmacogenomics, rare diseases), End User (Healthcare Providers, Pharmaceutical & Biotechnology Companies), and Geography-Global Forecast to 2025”.

Nowadays, rising advances in big data technology applications for accurate disease detection is creating a positive impact on the precision medicine software market over the forecast period. Moreover, the introduction of various software with an improved clinical workflow will likely increase the ability to store a large amount of genetic data to ensure rapid patient recovery. The factors such as growing acceptance of big data analysis and sequencing of gene therapy are expected to drive the growth of the precision software market during the forecast period.

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On-Premise Delivery Mode Dominated the Precision Medicine Software Market in 2018

On the basis of delivery mode, the precision medicine software market is segmented into on-premise and cloud-based delivery model. On-premises commanded the largest share of precision medicine software market in 2018. The large market share of this segment is primarily attributed to the wide range of advantages regarding the use of on-premise delivery model. However, cloud-based delivery mode segment is expected to grow at the highest rate during the forecast period due to its rising adoption in healthcare organizations for sharing and integrating information from different locations.

Health Providers to Register the Highest Growth, by End User

On the basis of end user, the precision farming software market is segmented into healthcare providers, research centers & government institutes, pharmaceutical & biotechnology companies, and others. Health provider commanded the largest share of the precision software market in 2018 with the growing availability of precision medicine software and a rising emphasis on providing personalized medicine in hospitals.

North America Dominates the Market, While Asia Pacific Leads the Growth

North America commanded the largest share of the precision medicine software market in 2018, followed by Europe and Asia Pacific. The major share of this region is mainly attributed to the increase in the geriatric population suffering from chronic diseases such as cancer. In addition, rising government investment and favorable initiatives for the implementation of precision medicine software further support the growth of the North American precision medicine software market. However, Asia-Pacific region is projected to grow at a significant pace in the next few years, mainly due to the growing burden of genetic diseases throughout the region.

Key Players in the Precision Medicine Software Market

The key players operating in the global precision medicine software market are Syapse, Inc. (U.S.), Fabric Genomics, Inc (U.S.), SOPHiA GENETICS SA (France), Human Longevity, Inc. (U.S.), Sunquest Information Systems, Inc. (U.S.), Lifeomic Health, LLC (U.S.), 2bPrecise LLC (U.S.), Foundation Medicine Inc. (U.S.), PierianDx Inc. (U.S.), Gene42 Inc. (Canada), N-of-One Inc. (A Subsidiary of Qiagen N.V.) (U.S.), and Translational Software Inc. (U.S.).

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