Global Precision Medicine Market Size & Outlook, 2023-2030
Global precision medicine market, 2018-2030 (US$M)
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Global precision medicine market highlights
- The global precision medicine market generated a revenue of USD 87,501.7 million in 2023 and is expected to reach USD 249,240.2 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 16.1% by 2030.
- In terms of segment, therapeutics accounted for a revenue of USD 71,904.0 million in 2023.
- Diagnostics is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Japan is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 87,501.7 million |
| Market revenue in 2030 | USD 249,240.2 million |
| Growth rate | 16.1% (CAGR from 2024 to 2030) |
| Largest segment | Therapeutics |
| Fastest growing segment | Diagnostics |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Diagnostics, Therapeutics |
Other key industry trends
- In terms of revenue, the North America accounted for 53.6% of the global precision medicine market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Japan is the fastest growing regional market and is projected to reach USD 20,972.8 million by 2030.
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Precision Medicine Market Scope
Precision Medicine Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global precision medicine market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to precision medicine market will help companies and investors design strategic landscapes.
Therapeutics was the largest segment with a revenue share of 82.17% in 2023. Horizon Databook has segmented the Global precision medicine market based on diagnostics, therapeutics covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Precision Medicine Application Outlook (Revenue, USD Million, 2018-2030)
- Diagnostics
- Esoteric Tests
- Others
- Direct to Consumer Tests
- Genetic Tests
- Therapeutics
- Pharmaceuticals
- Immunology
- Genetic Diseases
- CNS Disorders
- Others
- Oncology
- Respiratory Diseases
- Skin Diseases
- Medical Devices
- Others
- Pharmaceuticals
- Diagnostics
- Global Precision Medicine End Use Outlook (Revenue, USD Million, 2018-2030)
- Home Care
- Others
- Clinical Laboratories
- Hospitals
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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Global precision medicine market databook
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Our clientele includes a mix of precision medicine market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global precision medicine market , including forecasts for subscribers. This global databook contains high-level insights into Global precision medicine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
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Precision medicine market: Opportunity assessment by country
Global precision medicine market, by region, 2023 (US$M)
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