About Personalized Medical Care-
Personalized Medical care guarantees that they will have a committed physician who will provide patients competent medical care while also being compassionate. Personalized Medical care is an overall framework for treatment that brings together predictive technologies and an involved patient to coordinate care with the primary goal of improving health and preventing disease. Personalized health planning shared decision-making, and patient engagement is all aspects of Personalized Medical care. It aims to reduce chronic-care spending by encouraging healthy habits and planning.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 8.1% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Personalized Medical Care- market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Accolade Inc. (United States), Quartz Bio S.A (Switzerland), American Well (United States), MDLIVE Inc. (United States), Teladoc Health Inc. (United States), Doctor on demand Inc (United States), MeMD (United States), Encounter Telehealth (United States), Global Med (United States) and SnapMD (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Personalized Medical Care- market by and Region.
On the basis of geography, the market of Personalized Medical Care- has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Services, the sub-segment i.e. Virtual primary care will boost the Personalized Medical Care- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-users, the sub-segment i.e. Hospitals will boost the Personalized Medical Care- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing investment in the research and development
Market Growth Drivers:
Significant reduction in healthcare cost burden to boost demand and The largest increase in telemedicine visits during the COVID-19
Challenges:
Lack of awareness in the developing countries
Restraints:
High cost of the personalized medical care services
Opportunities:
The rise in the chronic disease and Increasing the spending on the healthcare
Market Leaders and their expansionary development strategies
In February 2023, Roche collaborated with Janssen Biotech Inc. for the creation of companion diagnostics for targeted and personalized therapies.
In September 2021 - Accolade, Inc. the company that provides millions of people and their families with exceptional healthcare, announce the launch of Personalized Healthcare, a new category that enables a nationally scalable model of value-based care to meet the quadruple aim.
Key Target Audience
Government research institutes, Academic institutes and universities, Venture capitalists, Government regularity bodies, Private research organization and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.