Market

Market Disruption

Bioinformatics

Biological Data, Collection, storage, retrieval, manipulation, modelling, visualization and prediction
Funding, Rising government funding and decreasing sequencing costs
Ecosystem, Growing application areas of genomics and the entry of new players and start-ups

Mass Customization

AI, ML, Big data, gemonics, wearables and network-based R&D will incubate these trends

Active prevention
Personalized diagnostics
Tailored therapies
Analytics empowering personalized care
Home as 'Healthcare center of the future'
IoT and mobility would expand reach

Personalized Medicine

Growth, CAGR 10.64%, USD 78.9b in 2018 to USD 216.8b in 2028
Disruption, Emergence of liquid biopsy and increasing demand of multiplex assays to target disease
Approval, 11 personalized medicine received approval which is 25% of all new drug approvals in 2019.

Gene and Cell Therapy

New Therapy, 200 application every year
Clinical Trials, More than 3,300 phase II through phase IV cell and gene therapy
Growth, 36.5% CAGR USD 1.07 billion in 2018 to USD 8.95 billion in 2025
Development, Advanced genomic analysis techniques

Genomics

Preventive, Trigger and early warning for a host of diseases
Growth, 18.7% CAGR, USD 18.85 billion in 2019 to USD 82.6 billion by 2027.
Disruption, Cost of genome sequencing reduced from USD 100m to USD 1000 in last two decades
Data, Surge in genome data with DNA of every child at birth

AI Drug Discovery

CAGR 52.9%, AI in drug discovery would see 15x+ growth to reach USD 2.9b by 2025

Generating novel candidates
Designing drugs
Understanding mechanisms of disease
Validating and optimizing drug candidates
Designing clinical trials
Establishing biomarkers
Running preclinical experiments

Digital Health

Market, Global market expected to grow 5x to USD 500b by 2025
Offerings, mHealth, telemedicine, electronic medical records, big data etc.
Disruption, Global market size for telemedicine is projected to increase 4x to USD 180b by 2026
Technology, Internet, mobile devices and networks, social networking leading for the rise of digital health

Imaging and Diagnostics

Market, 2024, Imaging and Invitro diagnostics expected to grow to USD 51b and USD 80b
Preventive, Demand for early diagnosis and widening scope of clinical applications
Disruption, Advances in digital and communication technologies

*Source : Fortune Business Insights, Deloitte, BIS Research, FDA(CDER, CBER), VynZ Research, Statista, Evaluate Medtech and Images licenced by Envato Elements and NASA