UK Precision Oncology Market Size & Outlook, 2025-2030
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UK precision oncology market highlights
- The UK precision oncology market generated a revenue of USD 6,278.8 million in 2024 and is expected to reach USD 11,100.7 million by 2030.
- The UK market is expected to grow at a CAGR of 10% from 2025 to 2030.
- In terms of segment, therapeutics was the largest revenue generating product in 2024.
- Diagnostics is the most lucrative product segment registering the fastest growth during the forecast period.
Precision oncology market data book summary
| Market revenue in 2024 | USD 6,278.8 million |
| Market revenue in 2030 | USD 11,100.7 million |
| Growth rate | 10% (CAGR from 2025 to 2030) |
| Largest segment | Therapeutics |
| Fastest growing segment | Diagnostics |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Diagnostics, Therapeutics |
| Key market players worldwide | Thermo Fisher Scientific Inc, Invitae Corp, Qiagen NV, Illumina Inc, Exact Sciences Corp, Rain Oncology, Strata Oncology, Xilis, Variantyx, BioServe, Relay Therapeutics, Acrivon Therapeutics |
Other key industry trends
- In terms of revenue, UK accounted for 5.4% of the global precision oncology market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, UK precision oncology market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 8,891.1 million by 2030.
Therapeutics was the largest segment with a revenue share of 78.22% in 2024. Horizon Databook has segmented the UK precision oncology market based on diagnostics, therapeutics covering the revenue growth of each sub-segment from 2018 to 2030.
The UK precision oncology market is projected to grow at a significant CAGR during the forecast period, due to the increasing emphasis on developing advanced antibody-drug conjugates that target specific cancer biomarkers. For instance, GSK's B7-H3-targeted ADC, which received breakthrough therapy designation from the US FDA in August 2024, for relapsed or refractory extensive-stage small-cell lung cancer, highlights the potential of such therapies. This innovation reflects the growing demand for precision treatments that address complex cancer cases, spurring investment and adoption in the UK market to meet evolving healthcare needs.
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Precision Oncology Market Scope
Precision Oncology Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Acrivon Therapeutics | View profile | 51-100 | Cambridge, Massachusetts, United States, North America | http://www.acrivon.com/ |
| Relay Therapeutics | View profile | 251-500 | Cambridge, Massachusetts, United States, North America | http://relaytx.com/ |
| BioServe | View profile | 51-100 | Beltsville, Maryland, United States, North America | https://bioserve.com |
| Variantyx | View profile | 101-250 | Framingham, Massachusetts, United States, North America | https://www.variantyx.com |
| Xilis | View profile | 51-100 | Durham, North Carolina, United States, North America | http://www.xilis.net |
| Strata Oncology | View profile | 51-100 | Ann Arbor, Michigan, United States, North America | http://www.strataoncology.com/ |
| Rain Oncology | View profile | 101-250 | Newark, California, United States, North America | https://www.rainoncology.com |
| Invitae Corp | View profile | 1700 | 1400 16th Street, San Francisco, CA, United States, 94103 | https://www.invitae.com |
| Exact Sciences Corp | View profile | 6600 | 5505 Endeavor Lane, Madison, WI, United States, 53719 | https://www.exactsciences.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 |
| Thermo Fisher Scientific Inc | View profile | 122000 | 168 Third Avenue, Waltham, MA, United States, 02451 | https://www.thermofisher.com |
UK Cancer - Precision Oncology Market size, 2024 - 2030 (US$M)
UK Precision Oncology Market Outlook Share, 2024 & 2030 (US$M)
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