Precision Psychiatry Market to be dominated by Rise in Prevalence of Mental Illness through 2027
Increasing prevalence of
mental illness to drive the precision psychiatry market in the forecast period,
2023-2027.
According to TechSci Research
report, “Precision Psychiatry Market - Global Industry
Size, Share, Trends, Opportunity, and Forecast, 2017-2027”, the global precision
psychiatry market is anticipated to grow at a significant rate in the forecast
period, 2023-2027. The increase in incidences of mental disorders and adoption
of advanced technologies are the primary factors driving the growth for the global
precision psychiatry market. Growing expansion of healthcare infrastructure, and
support from governments are expected to influence the market demand. The increasing
awareness, growing investments, changing lifestyle, decreasing cost of
sequencing, and increasing adoption of inorganic growth strategies are
propelling the growth of the market.
However, limited access to healthcare and
the difficulty in finding practitioners are likely to hamper the growth of
global precision psychiatry market.
Browse over XX market
data Figures spread through 110 Pages and an in-depth TOC on "Global
Precision Psychiatry Market"
The global
precision psychiatry market is segmented into biomarkers, sample, technology,
application, end user, and company.
Based on
biomarker, the market is divided into genetic and protein. The protein segment is
expected to witness the largest market share as it brings clarity to invisible
illnesses, improve prediction capabilities, and quell the spread of a disease
before it begins.
Based on
sample, the market is divided into blood-based and non-blood-based. The non-blood-based
segment is further divided into saliva, urine, cerebral spinal fluid, and
others. The non-blood-based sample segment is projected to witness a
significant rise as it is faster and cost-effective.
Based on
technology, the market is divided into sequencing, polymerase chain reaction,
microarray, immunoassay, and others. The sequencing segments is expected to
hold the largest market share due to the reduced cost and gives precise
knowledge of the data.
Based on application,
the market is divided into Alzheimer’s disease, Parkinson’s disease, autism,
depression, and others. The depression segment is anticipated to propel in the
coming years as people from every age are going through it due to changing
lifestyles.
Based on end
user, the market is divided into hospital & clinics, academic &
research institutions, and others. The hospital & clinics is estimated to
hold the largest market share. This is attributed to the increase in prevalence
of mental disorders among masses.
Major
operating companies operating in global Precision Psychiatry market are:
·
Altimate
Healthcare
·
PsyProtix,
Inc
·
Cerebral-Alto
Nanoscience
·
Precision
Psychiatric Services, Inc
·
Tempus
Labs, Inc.
·
Curis
AI Inc.
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“Asia-Pacific dominates the
market in 2021 and is expected to maintain its dominance in the coming years
due to the rise in prevalence of mental disorders. Also, growing
government initiatives for healthcare sector and significant funding for
psychiatric disorder research, the growing awareness of precision medicine, and
the rising awareness of early detection are expected to propel the global precision
psychiatry market growth till 2027” said Mr. Karan Chechi, Research Director
with TechSci Research, a research based global management consulting firm.
“Precision Psychiatry Market
- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented
By Biomarkers (Genetic v/s Protein), By Sample (Blood Based v/s
Non-Blood-Based), By Technology (Sequencing, Polymerase Chain Reaction,
Microarray, Immunoassay, Others), By Application (Alzheimer’s Disease,
Parkinson’s Disease, Autism, Depression, Others), By End User (Hospital &
Clinics, Academic & Research Institutions, Others), By Company and By
Region”, has evaluated the future growth
potential of global precision psychiatry and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in global precision psychiatry market.
Contact
Mr. Ken Mathews
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