(EMAILWIRE.COM, May 01, 2018 ) Precision medication is a rising field that tailors the treatment consistent with the individual’s genetic makeup, lifestyle, and atmosphere. The exactness medication has gained quality owing to the positive result obtained by exactness medication within the treatment of cancer. It permits the doctors and researchers to predict additional correct treatment and preventive methods for any explicit sickness. Exactness medication has conjointly challenged the approach of one drug fits all, as everybody has distinctive genetic structure, that makes it not possible for one drug to figure on the full population. Exactness medication is additionally well-known personalized medication or personalized medication that target the mutations of traditional body cells into cancerous cells.

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The Middle East and Africa Precision Medicine Market is estimated to have a value of USD 3.24 billion in 2016. With a CAGR of 11.32%, the market size is expected to grow rapidly to cross USD 5.54 billion by 2021. Increasing demand for personalized treatment, technological innovation and advancements and accumulated world incidence of cancer and rise in cancer-prone aging population are some of the factors fueling the market.

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Drivers and Restraints
Factors corresponding to the increasing approval of drug alongside its companion assay, cost-efficient identification of polymer, increasing incidence rate of cancer and rise of data-driven aid are a number of the explanations resulting in the expansion of the exactness medication market. Moreover, the increasing use of “multi-omics” in analysis alongside the penetration of high-throughput sequencing platforms is additionally shaping up the exactness medication state of affairs. The amount of targeted molecules in pipeline for a particular application has been exponentially growing specifically in medical specialty.

The current escalating worth of drug discovery alongside increasing regulative necessities has accumulated the demand for personalized product. The event of companion medicine seems to supply a collection of tools also as relevant clinical and biological info to deal with varied pharmaceutical firms. Business players are currently patenting a molecule alongside its companion medicine to attain a competitive edge, gross margin, and additional usage. With the on the market companion medicine, each patient and physicians are assured of the medical care effectiveness.

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Regional Overview
The Middle East and Africa Precision Medicine Market is showing consistent growth in the past few years and is expecting to increase its market size in the forecast period. Increasing awareness among people towards health and hygiene, increasing funds, advancements in technology are the reasons that are going to increase its market size.
The major market contributors for the 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.

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