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Europe Genotyping Market Report 2022: Use of Genotyping in Drug Development for Genetic and Rare Diseases Drives Growth - ResearchAndMarkets.com

By AP News - Nov 21, 2022, 05:42 AM ET
Last Updated - Aug 01, 2024, 03:01 AM EDT
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Senior government officials, corporate leaders, healthcare practitioners, and the general public have embraced genomics and personalized medicine over the last decade. Genomic medicine is a fundamental component of personalized medicine, a fast-growing health care branch guided by each person's unique clinical, genetic, genomic, and environmental information

According to the study, personalized medicine is the customization of medical treatment to each patient's unique traits. The method is based on scientific advances in understanding how a person's unique molecular and genetic profile influences susceptibility to diseases and predicts which medical treatments are safe and effective and which are not

DUBLIN--(BUSINESS WIRE)--Nov 21, 2022--

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The genotyping market in Europe is expected to grow from US$ 6,178.64 million in 2022 to US$ 19,073.60 million by 2028. It is estimated to grow at a CAGR of 20.7% from 2022 to 2028.

According to the study, personalized medicine is the customization of medical treatment to each patient's unique traits. The method is based on scientific advances in understanding how a person's unique molecular and genetic profile influences susceptibility to diseases and predicts which medical treatments are safe and effective and which are not. Senior government officials, corporate leaders, healthcare practitioners, and the general public have embraced genomics and personalized medicine over the last decade. Genomic medicine is a fundamental component of personalized medicine, a fast-growing health care branch guided by each person's unique clinical, genetic, genomic, and environmental information.

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