Home Pharmaceuticals Europe Pharmacogenomics Market Includes Latest Trends, Share, and Forecast 2030

Europe Pharmacogenomics Market

Select Regional / Country Report

Europe Pharmacogenomics Market Size, Share & Trends Analysis Report By Technology (PCR, Sequencing, Microarray, Gel electrophoresis, Mass Spectrometry, Other technologies), By Application (Drug discovery, Cancer, Neurology and psychiatry, Pain management, Cardiovascular disorders, Others), By End-User (Hospitals and clinics, Biopharmaceutical firms, CROs and CDMOs, Others) and By Country(U.K., Germany, France, Spain, Italy, Russia, Nordic, Benelux, Rest of Europ) Forecasts, 2022-2030

Report Code: SRPH3266DR
Study Period 2018-2030 CAGR 8.56%
Historical Period 2018-2020 Forecast Period 2022-2030
Base Year 2021 Base Year Market Size USD XX Billion
Forecast Year 2030 Forecast Year Market Size USD 2870.15 Million
The sample report only takes 30 secs to download, no need to wait longer.

Market Overview

The Europe pharmacogenomics market is expected to reach USD 2870.15 million by 2030, with a CAGR of 8.56%.

In pharmacogenomics, genes are studied concerning drug response. This field combines pharmacology (the science of pharmaceuticals) and genomics (the study of genes and their functions) to create effective, safe treatments depending on a person's genetic composition.

Many medications on the market today are "one size fits all," but they don't work the same for everyone. It's difficult to tell who will benefit from a drug and who will have side effects (called adverse drug reactions). Adverse medication reactions cause a considerable number of hospitalizations and deaths.

Researchers are trying to figure out how genetic variations affect the body's response to drugs. These genetic distinctions will be utilized to forecast whether a treatment will be successful for a specific person and which dosage will help avoid unpleasant drug reactions. Conditions like clopidogrel resistance, warfarin sensitivity, malignant hyperthermia, Stevens-Johnson syndrome/toxic epidermal necrolysis, and thiopurine S-methyltransferase deficiency can change how a person responds to certain medicines.

The science of pharmacogenomics is expanding, and clinical studies are testing new approaches. Pharmacogenomics will be utilized in the future to develop personalized medications to treat a variety of diseases, including cardiovascular disease, Alzheimer's disease, cancer, and asthma.

Market Dynamics

Market Drivers

The rising frequency of chronic diseases, the surge in demand for precision medications, and the increase in financing for pharmacogenomic research activities

Genomic sequencing is becoming more common in clinical practice, and during the next five years, the healthcare system is expected to generate genomic data from over 60 million people. Pharmacogenomics is fast making its way into clinical practice, with government funding reaching more than $4 billion in at least 14 nations. These national genomic-medicine programmes drive transformative change in real-world settings while addressing implementation challenges and gathering data for broader acceptance.

As part of a EUR 200 million public-private partnership between charity and pharma, the United Kingdom has unveiled the world's largest genome project. Through 100,000 genomic initiatives led by Innovate UK as part of UK Research and Innovation, the government has already established the world's largest genome database. It will support researchers and businesses in their efforts to combine data and real-world evidence from UK healthcare systems to develop innovative products and services that diagnose diseases more quickly.

The pharmacogenomics sector in Europe is being driven by continued support from manufacturers and governments in the genomics discipline.

Market Restraints

These are some of the issues hindering the market growth of pharmacogenomics

  • Infrastructure

Infrastructure is one of the significant roadblocks to clinical pharmacogenomics. The ethical and political frameworks, the re-education of many different groups in the health sector, and the physical infrastructure for pharmacogenomic tests are all part of this. These obstacles are not exclusive to pharmacogenomic tests. After the general infrastructure has been put up for a single pharmacogenomic test, subsequent tests will only necessitate minimal infrastructure changes. Making a case for the initial investment is the issue.

  • Education

A lack of healthcare professional education hampers the widespread use of pharmacogenomics. A perceived shortage of pharmacogenomic education is hampering Pharmacogenomics' market expansion among various health care practitioners.

  • Ethical issues

Many people have expressed concerns regarding the ethical implications of using genetic data in medicine. It is perhaps more important in the context of pharmacogenomics for genetic testing that predicts efficacy rather than adverse outcomes. The three primary categories of ethical dilemmas are the equitable provision of healthcare, the possibility that genetic polymorphisms may track with race or ethnicity, and the considerations of consent, access, and privacy surrounding pharmacogenomic information.

Regional Analysis

The Europe pharmacogenomics market is segmented into Germany, the UK, France, Italy, Spain and the rest of Europe, based on country.

As part of a EUR 200 million public-private partnership between charity and pharma, the United Kingdom has unveiled the world's largest genome project. Through 100,000 genomic initiatives led by Innovate UK as part of the UK Research and Innovation, the government has already established the world's largest genome database. It will support researchers and businesses in their efforts to combine data and real-world evidence from UK healthcare systems to develop innovative products and services that diagnose diseases more quickly.

Report Scope

Report Metric Details
Segmentations
By Technology
  1. PCR
    1. Real-time PCR
    2. Regular PCR
    3. Digital PCR
  2. Sequencing
  3. Microarray
  4. Gel electrophoresis
  5. Mass Spectrometry
  6. Other technologies
By Application
  1. Drug discovery
  2. Cancer
  3. Neurology and psychiatry
  4. Pain management
  5. Cardiovascular disorders
  6. Others
By End-User
  1. Hospitals and clinics
  2. Biopharmaceutical firms
  3. CROs and CDMOs
  4. Others
Company Profiles Abbott HOFFMANN-LA ROCHE LTD. Oxford Nanopore Technologies THERMO FISHER SCIENTIFIC INC. Illumina, Inc. QIAGEN Agilent Technologies, Inc. Myriad Genetics, Inc.
Geographies Covered
Europe U.K. Germany France Spain Italy Russia Nordic Benelux Rest of Europ
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
Need a Custom Report?

We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports

Segmental Analysis

The Europe pharmacogenomics market is divided into PCR, sequencing, microarray, gel electrophoresis, mass spectrometry, and other technologies based on technology. The PCR market is divided into real-time, regular, and digital PCR. In 2021, the PCR category accounted for the most significant share of the pharmacogenomics market.

The Europe pharmacogenomics market is divided into drug discovery, cancer, neurology and psychiatry, pain management, cardiovascular disorders, and others, depending on the application. In 2021, the oncology segment held the highest market share. However, the drug discovery category is predicted to have the highest CAGR during the projection period.

The pharmacogenomics market is divided into hospitals and clinics, biopharmaceutical firms, CROs and CDMOs, and others, depending on the end-user. In 2021, the CROs and CDMOs categories held the most market share, while the hospital and clinic segment is predicted to grow fastest throughout the forecast period.

Market Size By Technology

Recent Developments

  • March 2022, Additional drugs and diagnostics have been donated to Ukraine by Roche.

Aside from the 150,000 antibiotic packs already announced, the latest donation also contains 4,600 packs of speciality drugs for the treatment of influenza, rheumatoid arthritis, SMA, and different malignancies. They're also giving reagents and consumables for the automated testing of up to 120,000 blood donations and 31,000 diabetes-management units.

  • May 2022, New pivotal data on Roche's investigational CD20xCD3 T-cell engaging bispecific antibody, glofitamab, will be presented for the first time at the 2022 American Society of Clinical Oncology (ASCO) Annual Meeting, which will be held on June 3-7, and the European Hematology Association (EHA) 2022 Congress, which will be held from June 9-12.
  • May 2022, The European Commission has authorized Roche's Polivy combination for individuals with untreated diffuse large B-cell lymphoma.

Top Key Players

Abbott HOFFMANN-LA ROCHE LTD. Oxford Nanopore Technologies THERMO FISHER SCIENTIFIC INC. Illumina, Inc. QIAGEN Agilent Technologies, Inc. Myriad Genetics, Inc. Others

Frequently Asked Questions (FAQs)

What is the estimated growth rate (CAGR) of the Europe Pharmacogenomics Market?
The market size is growing at a CAGR of 8.56% from 2020 to 2030.
The rising frequency of chronic diseases, the surge in demand for precision medications, and the increase in financing for pharmacogenomic research activities is the key driver for the growth of this market.
The key players in this market are Abbott, Hoffmann-La Roche, Ltd., Oxford Nanopore Technologies, THERMO FISHER SCIENTIFIC INC., Illumina, Inc., QIAGEN, Agilent Technologies, Inc. Myriad Genetics, Inc.
The Projected value of this market is USD 2870.15 million by 2030.


We are featured on :

This website uses cookies to ensure you get the best experience on our website. Privacy Policy