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 |
|---|---|---|---|---|
| ImmunityBio Inc Ordinary Shares | View profile | 628 | 3530 John Hopkins Court, San Diego, CA, United States, 92121 | https://www.immunitybio.com |
| NeoDiagnostix | View profile | 1-10 | Rockville, Maryland, United States, North America | https://neodiagnostix.com |
| Janssen Pharmaceuticals | View profile | 1-10 | Titusville, New Jersey, United States, North America | https://www.xarelto-us.com |
| 23andMe Holding Co Class A | View profile | 816 | 349 Oyster Point Boulevard, South San Francisco, CA, United States, 94080 | https://www.23andme.com |
| Biogen Inc | View profile | 7570 | 225 Binney Street, Cambridge, MA, United States, 02142 | https://www.biogen.com |
| Roche | View profile | 10001+ | Basel, Basel-Stadt, Switzerland, Europe | http://www.roche.com |
| Dakota Software | View profile | 51-100 | Cleveland, Ohio, United States, North America | http://dakotasoft.com |
| Myriad Genetics Inc | View profile | 2700 | 320 Wakara Way, Salt Lake City, UT, United States, 84108 | https://www.myriad.com |
| Qiagen NV | View profile | 5900 | Hulsterweg 82, Venlo, LI, Netherlands, 5912 PL | https://www.qiagen.com |
| Illumina Inc | View profile | 9300 | 5200 Illumina Way, San Diego, CA, United States, 92122 | https://www.illumina.com |
| Quest Diagnostics Inc | View profile | 48000 | 500 Plaza Drive, Secaucus, NJ, United States, 07094 | https://www.questdiagnostics.com |
| Siemens Healthineers AG ADR | View profile | 71400 | Siemensstr. 3, Forchheim, BY, Germany, 91301 | https://www.siemens-healthineers.com |
| Medtronic PLC | View profile | 95000 | Lower Hatch Street, 20 On Hatch, Dublin, Ireland, 2 | https://www.medtronic.com |
| International Business Machines Corp | View profile | 282200 | One New Orchard Road, Armonk, NY, United States, 10504 | http://www.ibm.com |
| Abbott Laboratories | View profile | 114000 | 100 Abbott Park Road, Abbott Park, IL, United States, 60064-6400 | https://www.abbottinvestor.com |
| GE HealthCare Technologies Inc Common Stock | View profile | 51000 | 500 West Monroe Street, Chicago, IL, United States, 60661 | https://www.gehealthcare.com |
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
- Direct to Consumer Tests
- Esoteric Tests
- Genetic Tests
- Others
- Therapeutics
- Pharmaceuticals
- Genetic Diseases
- Respiratory Diseases
- Skin Diseases
- Others
- Oncology
- CNS Disorders
- Immunology
- Others
- Medical Devices
- Pharmaceuticals
- Diagnostics
- Global Precision Medicine End Use Outlook (Revenue, USD Million, 2018-2030)
- Home Care
- Others
- Hospitals
- Clinical Laboratories
Reasons to subscribe to Global precision medicine market databook:
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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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Global precision medicine diagnostics therapeutics market share, by end use, 2023 & 2030 (%, US$M)
Precision medicine market: Opportunity assessment by country
Global precision medicine market, by region, 2023 (US$M)
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