Germany Precision Oncology Market Size & Outlook
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Germany precision oncology market highlights
- The Germany precision oncology market generated a revenue of USD 5,245.1 million in 2024 and is expected to reach USD 9,022.6 million by 2030.
- The Germany market is expected to grow at a CAGR of 9.5% 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 5,245.1 million |
| Market revenue in 2030 | USD 9,022.6 million |
| Growth rate | 9.5% (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, Germany accounted for 4.5% 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 77.97% in 2024. Horizon Databook has segmented the Germany precision oncology market based on diagnostics, therapeutics covering the revenue growth of each sub-segment from 2018 to 2030.
The Germany precision oncology market is projected to expand at a significant CAGR during the forecast period. The country's strong emphasis on personalized medicine and its comprehensive healthcare infrastructure, which supports the adoption of innovative cancer treatments, is one of the key market drivers.
Germany is a leader in implementing genomic profiling and molecular diagnostics, which are integral to precision oncology. In addition, Germany’s extensive network of academic institutions and research organizations, such as the German Cancer Research Center, plays a crucial role in advancing the development of precision oncology therapies, further driving the market growth.
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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 |
Germany Cancer - Precision Oncology Market size, 2024 - 2030 (US$M)
Germany Precision Oncology Market Outlook Share, 2024 & 2030 (US$M)
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