Precision Psychiatry Market is expected to reach $1,727.4 Million by 2026

The healthcare experts have found the precision psychiatry market to be one of the most rapidly evolving and dynamic markets, and the global market for precision psychiatry is predicted to grow at a CAGR of 17.26% over the forecast period of 2021-2026. The market is driven by certain factors, which include decreasing cost of sequencing, increasing adoption of inorganic growth strategies, and global increase in mental health burden, that are fuelling the growth of the global precision psychiatry market.

The BIS Research report on the global precision psychiatry market segments the market on the basis of:

· Product Type (products and services)

· Biomarker (genetic biomarkers and protein biomarkers)

· Sample (blood and non-blood)

· Technology (sequencing, polymerase chain reaction, microarray, immunoassay, liquid chromatography-mass spectrometry, and other technologies)

· Application (Alzheimer’s disease, Parkinson’s disease, autism, depression, schizophrenia, bipolar disorder, and other applications)

· End User (hospitals and diagnostic laboratories, academic and research institutes, and other end users)

· Region (North America, Europe, Asia-Pacific, Latin America, and Rest-of-the-World).

Key Questions Answered in this Report:

•   How is precision psychiatry revolutionizing the field of mental health diagnostics?
•   What are the major market drivers, challenges, and opportunities in the global precision psychiatry market?
•   What are the underlying structures resulting in the emerging trends within the global precision psychiatry market?
•   How is the COVID-19 pandemic impacting the global precision psychiatry landscape?
•   What are the key development strategies that are being implemented by the major players in order to sustain in the competitive market?
•   What are the key regulatory implications in developed and developing regions pertaining to precision psychiatry?
•   What are the potential entry barriers, which are expected to be faced by the companies willing to enter a particular region?
•   How is each segment of the market expected to grow during the forecast period from 2021 to 2026, and what is the anticipated revenue to be generated by each of the segments? Following are the segments:
o   Product Type (Products and Services)
o   Sample (Blood-Based and Non-Blood-Based)
o   Biomarker (Genetic Biomarkers and Protein)
o   Technology (Sequencing, PCR, Microarray, Immunoassay, LC/MS, and Others)
o   Application (Parkinson’s Disease, Autism, Alzheimer’s Disease, Depression, Schizophrenia, Bipolar Disorder, and Others)
o   End User (Hospitals and Diagnostic Laboratories, Academic and Research Institutions, and Others)
o   Region (North America, Europe, Asia-Pacific, Latin America, and Rest-of-the-World)
•   What are the growth opportunities for the companies in the region of their operation?
•   Who are the leading players with significant offerings in the global precision psychiatry market?
•   Which companies are anticipated to be highly disruptive in the future, and why?
•   What are the current unmet needs that are being faced in the global precision psychiatry market?

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