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Report Description

Report Description

The global precision psychiatry market is anticipated to observe impressive growth during the forecast period, 2023-2027. The major factors include rise in incidences of mental health and technological advancements, which are bolstering the market growth, globally. Precision psychiatry is new field within precision medicine, which seeks to detect and capitalize on individual differences in biology, environment, lifestyle, and social determinants of health to improve mental health prevention, diagnosis, and treatment. The other factors supporting the market's growth are increasing awareness, growing investments, increase in population, changing lifestyle, decreasing cost of sequencing, increasing adoption of inorganic growth strategies and support from governments for healthcare infrastructure. Also, the high adoption of advanced molecular diagnostic technologies by the researchers to conduct genomic and proteomic analysis associated to the onset and manifestation of psychiatric illnesses are some of the key factors that are projected to bolster the market growth.

Increase in Prevalence of Mental Disorders

Over the past few years, rise in number of people suffering from mild or severe depressive disorders is seen. These mental illness or disorders are basically caused due to chemical, genetic, and anatomical conditions, or psychological origins such as trauma. Thus, to seek better lives for those suffering from mental illness, precision psychiatry is much required, which attributes to the growth of the market, globally. For instance, according to the National Institute of Mental Health, around one in every five U.S. adults suffer from mental illness. Also, in 2020, 25.8% of females were suffering from mental illness.

Increasing Adoption of Inorganic Growth Strategies

Increasing inorganic growth strategies by key players are expected to drive the global precision psychiatry market growth during the forecast period. For instance, in 2021, Alto Neuroscience announced its emergence from stealth with $40 million in funding to advance the largest clinical-stage pipeline of precision psychiatry medicines. Similarly, in 2021, Atai Life Sciences, a biotech company in the psychedelics space, announced the formation of a new subsidiary, called PsyProtix, which is a precision psychiatry company.

Increased demand for Genomics as precision psychiatry

From past few years, genomic technologies have advanced the understanding of neuropsychiatric disorders. Genomics plays a significant part in the diagnosis of several genetic disorders. It has ample scope in precision psychiatry as it can advocate medical management constructed on the genetic face of a person with the help of clinical data and AI. It incorporates DNA sequencing methods, recombinant DNA, and bioinformatics for sequencing, assembling, and analyzing the structure and functions of genomes. Many severe mental illnesses, such as schizophrenia and bipolar disorder, are highly inherited, and have a complex pattern of inheritance. These diseases can be identified by using sequencing technology, which evaluates the rare genetic variants. With the use of sequencing technology, psychiatry can ultimately reshape by predicting disease risk and lead to better understanding of aetiology, prognosis, or treatment response. Moreover, the decrease in cost of sequencing is also a key factor to increase the growth of the market.


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Market Segmentation

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. Based on sample, the market is divided into blood-based and non-blood-based. Based on non-blood-based, the market is further divided into saliva, urine, cerebral spinal fluid, and others. Based on technology, the market is divided into sequencing, polymerase chain reaction, microarray, immunoassay, and others. Based on application, the market is divided into Alzheimer’s disease, Parkinson’s disease, autism, depression, and others. Based on end user, the market is divided into hospital & clinics, academic & research institutions, and others. In terms of country, the United States is expected to be a lucrative market in the forecast period due to rise in incidences of mental illness in the country.

Market Players

Altimate Healthcare, PsyProtix, Inc, Cerebral-Alto Nanoscience, Precision Psychiatric Services, Inc, Tempus Labs, Inc., and Curis AI Inc. are some of the leading companies operating in the market.

Attribute

Details

Base Year

2021

Historic Data

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million, Volume Units and CAGR for 2017-2021 and 2022-2027

Report coverage

Revenue forecast, Volume forecast company share, competitive landscape, growth factors, and trends

Segments covered

·         Biomarker

·         Sample

·         Technology

·         Application

·         End User

·         Company

Regional scope

North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa

Country scope

United States; Canada; Mexico; China; India; Japan; South Korea; Germany; France; United Kingdom; Spain; Italy; Brazil; Argentina; Colombia; South Africa; UAE; Saudi Arabia; South Africa

Key companies profiled

Altimate Healthcare, PsyProtix, Inc, Cerebral-Alto Nanoscience, Precision Psychiatric Services, Inc, Tempus Labs, Inc., and Curis AI Inc.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Report Scope:

In this report, global precision psychiatry market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

·         Precision Psychiatry Market, By Biomarker:

o   Genetic

o   Protein

·         Precision Psychiatry Market, By Sample:

o    Blood Based

o    Non-Blood-Based

§  Saliva

§  Urine

§  Cerebral Spinal Fluid

§  Others

·         Precision Psychiatry Market, By Technology:

o   Sequencing

o   Polymerase Chain Reaction

o   Microarray

o   Immunoassay

o   Others

·         Precision Psychiatry Market, By Application:

o    Alzheimer’s Disease

o    Parkinson’s Disease

o    Autism

o    Depression

o    Others

·         Precision Psychiatry Market, By End User:

o   Hospital & Clinics

o   Academic & Research Institutions

o   Others

·         Precision Psychiatry Market, By Region:

    • North America
      • United States
      • Canada
      • Mexico
    • Asia-Pacific
      • China
      • India
      • Japan
      • Australia
      • South Korea
    • Europe & CIS
      • Germany
      • France
      • United Kingdom
      • Spain
      • Italy
    • South America
      • Brazil
      • Argentina
      • Colombia
    • Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in precision psychiatry market

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
Global Precision Psychiatry Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]
Table of content

Table of content

1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Impact of COVID-19 on Global Precision Psychiatry Market

5.    Voice of Customer

6.    Global Precision Psychiatry Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Biomarkers (Genetic v/s Protein)

6.2.2.     By Sample (Blood Based v/s Non-Blood-Based)

6.2.2.1.         By Non-Blood-Based (Saliva, Urine, Cerebral Spinal Fluid, Others)

6.2.3.     By Technology (Sequencing, Polymerase Chain Reaction, Microarray, Immunoassay, Others)

6.2.4.     By Application (Alzheimer’s Disease, Parkinson’s Disease, Autism, Depression, Others)

6.2.5.     By End User (Hospital & Clinics, Academic & Research Institutions, Others)

6.2.6.     By Company (2021)

6.2.7.     By Region

6.3.  Product Market Map

7.    North America Precision Psychiatry Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Biomarkers (Genetic v/s Protein)

7.2.2.     By Sample (Blood Based v/s Non-Blood-Based)

7.2.2.1.         By Non-Blood-Based (Saliva, Urine, Cerebral Spinal Fluid, Others)

7.2.3.     By Technology (Sequencing, Polymerase Chain Reaction, Microarray, Immunoassay, Others)

7.2.4.     By Application (Alzheimer’s Disease, Parkinson’s Disease, Autism, Depression, Others)

7.2.5.     By End User (Hospital & Clinics, Academic & Research Institutions, Others)

7.2.6.     By Country

7.3.  North America: Country Analysis

7.3.1.     United States Precision Psychiatry Market Outlook

7.3.1.1.         Market Size & Forecast

7.3.1.1.1.             By Value

7.3.1.2.         Market Share & Forecast

7.3.1.2.1.             By Biomarker

7.3.1.2.2.             By Sample

7.3.1.2.3.             By Technology

7.3.1.2.4.             By Application

7.3.1.2.5.             By End User

7.3.2.     Mexico Precision Psychiatry Market Outlook

7.3.2.1.         Market Size & Forecast

7.3.2.1.1.             By Value

7.3.2.2.         Market Share & Forecast

7.3.2.2.1.             By Biomarker

7.3.2.2.2.             By Sample

7.3.2.2.3.             By Technology

7.3.2.2.4.             By Application

7.3.2.2.5.             By End User

7.3.3.     Canada Precision Psychiatry Market Outlook

7.3.3.1.         Market Size & Forecast

7.3.3.1.1.             By Value

7.3.3.2.         Market Share & Forecast

7.3.3.2.1.             By Biomarker

7.3.3.2.2.             By Sample

7.3.3.2.3.             By Technology

7.3.3.2.4.             By Application

7.3.3.2.5.             By End User

8.    Europe Precision Psychiatry Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Biomarkers (Genetic v/s Protein)

8.2.2.     By Sample (Blood Based v/s Non-Blood-Based)

8.2.2.1.         By Non-Blood-Based (Saliva, Urine, Cerebral Spinal Fluid, Others)

8.2.3.     By Technology (Sequencing, Polymerase Chain Reaction, Microarray, Immunoassay, Others)

8.2.4.     By Application (Alzheimer’s Disease, Parkinson’s Disease, Autism, Depression, Others)

8.2.5.     By End User (Hospital & Clinics, Academic & Research Institutions, Others)

8.2.6.     By Country

8.3.  Europe: Country Analysis

8.3.1.     France Precision Psychiatry Market Outlook

8.3.1.1.         Market Size & Forecast

8.3.1.1.1.             By Value

8.3.1.2.         Market Share & Forecast

8.3.1.2.1.             By Biomarker

8.3.1.2.2.             By Sample

8.3.1.2.3.             By Technology

8.3.1.2.4.             By Application

8.3.1.2.5.             By End User

8.3.2.     Germany Precision Psychiatry Market Outlook

8.3.2.1.         Market Size & Forecast

8.3.2.1.1.             By Value

8.3.2.2.         Market Share & Forecast

8.3.2.2.1.             By Biomarker

8.3.2.2.2.             By Sample

8.3.2.2.3.             By Technology

8.3.2.2.4.             By Application

8.3.2.2.5.             By End User

8.3.3.     United Kingdom Precision Psychiatry Market Outlook

8.3.3.1.         Market Size & Forecast

8.3.3.1.1.             By Value

8.3.3.2.         Market Share & Forecast

8.3.3.2.1.             By Biomarker

8.3.3.2.2.             By Sample

8.3.3.2.3.             By Technology

8.3.3.2.4.             By Application

8.3.3.2.5.             By End User

8.3.4.     Italy Precision Psychiatry Market Outlook

8.3.4.1.         Market Size & Forecast

8.3.4.1.1.             By Value

8.3.4.2.         Market Share & Forecast

8.3.4.2.1.             By Biomarker

8.3.4.2.2.             By Sample

8.3.4.2.3.             By Technology

8.3.4.2.4.             By Application

8.3.4.2.5.             By End User

8.3.5.     Spain Precision Psychiatry Market Outlook

8.3.5.1.         Market Size & Forecast

8.3.5.1.1.             By Value

8.3.5.2.         Market Share & Forecast

8.3.5.2.1.             By Biomarker

8.3.5.2.2.             By Sample

8.3.5.2.3.             By Technology

8.3.5.2.4.             By Application

8.3.5.2.5.             By End User

9.    Asia-Pacific Precision Psychiatry Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Biomarkers (Genetic v/s Protein)

9.2.2.     By Sample (Blood Based v/s Non-Blood-Based)

9.2.2.1.         By Non-Blood-Based (Saliva, Urine, Cerebral Spinal Fluid, Others)

9.2.3.     By Technology (Sequencing, Polymerase Chain Reaction, Microarray, Immunoassay, Others)

9.2.4.     By Application (Alzheimer’s Disease, Parkinson’s Disease, Autism, Depression, Others)

9.2.5.     By End User (Hospital & Clinics, Academic & Research Institutions, Others)

9.2.6.     By Country

9.3.  Asia-Pacific: Country Analysis

9.3.1.     China Precision Psychiatry Market Outlook

9.3.1.1.         Market Size & Forecast

9.3.1.1.1.             By Value

9.3.1.2.         Market Share & Forecast

9.3.1.2.1.             By Biomarker

9.3.1.2.2.             By Sample

9.3.1.2.3.             By Technology

9.3.1.2.4.             By Application

9.3.1.2.5.             By End User

9.3.2.     India Precision Psychiatry Market Outlook

9.3.2.1.         Market Size & Forecast

9.3.2.1.1.             By Value

9.3.2.2.         Market Share & Forecast

9.3.2.2.1.             By Biomarker

9.3.2.2.2.             By Sample

9.3.2.2.3.             By Technology

9.3.2.2.4.             By Application

9.3.2.2.5.             By End User

9.3.3.     South Korea Precision Psychiatry Market Outlook

9.3.3.1.         Market Size & Forecast

9.3.3.1.1.             By Value

9.3.3.2.         Market Share & Forecast

9.3.3.2.1.             By Biomarker

9.3.3.2.2.             By Sample

9.3.3.2.3.             By Technology

9.3.3.2.4.             By Application

9.3.3.2.5.             By End User

9.3.4.     Japan Precision Psychiatry Market Outlook

9.3.4.1.         Market Size & Forecast

9.3.4.1.1.             By Value

9.3.4.2.         Market Share & Forecast

9.3.4.2.1.             By Biomarker

9.3.4.2.2.             By Sample

9.3.4.2.3.             By Technology

9.3.4.2.4.             By Application

9.3.4.2.5.             By End User

9.3.5.     Australia Precision Psychiatry Market Outlook

9.3.5.1.         Market Size & Forecast

9.3.5.1.1.             By Value

9.3.5.2.         Market Share & Forecast

9.3.5.2.1.             By Biomarker

9.3.5.2.2.             By Sample

9.3.5.2.3.             By Technology

9.3.5.2.4.             By Application

9.3.5.2.5.             By End User

10.  South America Precision Psychiatry Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value

10.2.              Market Share & Forecast

10.2.1.  By Biomarkers (Genetic v/s Protein)

10.2.2.  By Sample (Blood Based v/s Non-Blood-Based)

10.2.2.1.      By Non-Blood-Based (Saliva, Urine, Cerebral Spinal Fluid, Others)

10.2.3.  By Technology (Sequencing, Polymerase Chain Reaction, Microarray, Immunoassay, Others)

10.2.4.  By Application (Alzheimer’s Disease, Parkinson’s Disease, Autism, Depression, Others)

10.2.5.  By End User (Hospital & Clinics, Academic & Research Institutions, Others)

10.2.6.  By Country

10.3.              South America: Country Analysis

10.3.1.  Brazil Precision Psychiatry Market Outlook

10.3.1.1.      Market Size & Forecast

10.3.1.1.1.           By Value

10.3.1.2.      Market Share & Forecast

10.3.1.2.1.           By Biomarker

10.3.1.2.2.           By Sample

10.3.1.2.3.           By Technology

10.3.1.2.4.           By Application

10.3.1.2.5.           By End User

10.3.2.  Argentina Precision Psychiatry Market Outlook

10.3.2.1.      Market Size & Forecast

10.3.2.1.1.           By Value

10.3.2.2.      Market Share & Forecast

10.3.2.2.1.           By Biomarker

10.3.2.2.2.           By Sample

10.3.2.2.3.           By Technology

10.3.2.2.4.           By Application

10.3.2.2.5.           By End User

10.3.3.  Colombia Precision Psychiatry Market Outlook

10.3.3.1.      Market Size & Forecast

10.3.3.1.1.           By Value

10.3.3.2.      Market Share & Forecast

10.3.3.2.1.           By Biomarker

10.3.3.2.2.           By Sample

10.3.3.2.3.           By Technology

10.3.3.2.4.           By Application

10.3.3.2.5.           By End User

11.  Middle East and Africa Precision Psychiatry Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value

11.2.              Market Share & Forecast

11.2.1.  By Biomarkers (Genetic v/s Protein)

11.2.2.  By Sample (Blood Based v/s Non-Blood-Based)

11.2.2.1.      By Non-Blood-Based (Saliva, Urine, Cerebral Spinal Fluid, Others)

11.2.3.  By Technology (Sequencing, Polymerase Chain Reaction, Microarray, Immunoassay, Others)

11.2.4.  By Application (Alzheimer’s Disease, Parkinson’s Disease, Autism, Depression, Others)

11.2.5.  By End User (Hospital & Clinics, Academic & Research Institutions, Others)

11.2.6.  By Country

11.3.              MEA: Country Analysis

11.3.1.  South Africa Precision Psychiatry Market Outlook

11.3.1.1.      Market Size & Forecast

11.3.1.1.1.           By Value

11.3.1.2.      Market Share & Forecast

11.3.1.2.1.           By Biomarker

11.3.1.2.2.           By Sample

11.3.1.2.3.           By Technology

11.3.1.2.4.           By Application

11.3.1.2.5.           By End User

11.3.2.  Saudi Arabia Precision Psychiatry Market Outlook

11.3.2.1.      Market Size & Forecast

11.3.2.1.1.           By Value

11.3.2.2.      Market Share & Forecast

11.3.2.2.1.           By Biomarker

11.3.2.2.2.           By Sample

11.3.2.2.3.           By Technology

11.3.2.2.4.           By Application

11.3.2.2.5.           By End User

11.3.3.  UAE Precision Psychiatry Market Outlook

11.3.3.1.      Market Size & Forecast

11.3.3.1.1.           By Value

11.3.3.2.      Market Share & Forecast

11.3.3.2.1.           By Biomarker

11.3.3.2.2.           By Sample

11.3.3.2.3.           By Technology

11.3.3.2.4.           By Application

11.3.3.2.5.           By End User

11.3.4.  Egypt Precision Psychiatry Market Outlook

11.3.4.1.      Market Size & Forecast

11.3.4.1.1.           By Value

11.3.4.2.      Market Share & Forecast

11.3.4.2.1.           By Biomarker

11.3.4.2.2.           By Sample

11.3.4.2.3.           By Technology

11.3.4.2.4.           By Application

11.3.4.2.5.           By End User

11.3.5.  Turkey Precision Psychiatry Market Outlook

11.3.5.1.      Market Size & Forecast

11.3.5.1.1.           By Value

11.3.5.2.      Market Share & Forecast

11.3.5.2.1.           By Biomarker

11.3.5.2.2.           By Sample

11.3.5.2.3.           By Technology

11.3.5.2.4.           By Application

11.3.5.2.5.           By End User

12.  Market Dynamics

12.1.              Drivers

12.2.              Challenges

13.  Market Trends & Developments

14.  Competitive Landscape

14.1.              Altimate Healthcare

14.2.              PsyProtix, Inc

14.3.              Cerebral-Alto Nanoscience

14.4.              Precision Psychiatric Services, Inc

14.5.              Tempus Labs, Inc.

14.6.              Curis AI Inc.

15.  Strategic Recommendations

Figures and Tables

Frequently asked questions

Frequently asked questions

An increase in technological advancements and rise in prevalence of mental illness are driving the demand for the global Precision Psychiatry market.

Altimate Healthcare, PsyProtix, Inc, Cerebral-Alto Nanoscience, Precision Psychiatric Services, Inc, Tempus Labs, Inc., and Curis AI Inc. are the key players operating in the global precision psychiatry market.

Limited Access to Healthcare and the difficulty in finding practitioners are likely to hamper the growth of global precision psychiatry market.

Global Precision Psychiatry Market is segmented based on biomarkers, sample, technology, application, end user and region.

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