Global Personalized Medicine Market Size & Outlook
Global personalized medicine market, 2018-2030 (US$M)
Related Markets
Global personalized medicine market highlights
- The global personalized medicine market generated a revenue of USD 529,283.4 million in 2023 and is expected to reach USD 909,796.3 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 8% by 2030.
- In terms of segment, personalized nutrition & wellness accounted for a revenue of USD 172,381.8 million in 2023.
- PM Therapeutics is the most lucrative product 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, Sweden is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 529,283.4 million |
| Market revenue in 2030 | USD 909,796.3 million |
| Growth rate | 8% (CAGR from 2023 to 2030) |
| Largest segment | Personalized nutrition & wellness |
| Fastest growing segment | PM Therapeutics |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | PM Diagnostics, PM Therapeutics, Personalized Medical Care, Personalized Nutrition & Wellness |
Other key industry trends
- In terms of revenue, the North America accounted for 40.4% of the global personalized medicine market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Sweden is the fastest growing regional market and is projected to reach USD 6,297.9 million by 2030.
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Personalized Medicine Market Scope
Personalized Medicine Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global personalized 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 personalized medicine market will help companies and investors design strategic landscapes.
Personalized nutrition & wellness was the largest segment with a revenue share of 32.57% in 2023. Horizon Databook has segmented the Global personalized medicine market based on pm diagnostics, pm therapeutics, personalized medical care, personalized nutrition & wellness covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Personalized Medicine Product Outlook (Revenue, USD Million, 2018-2030)
- PM Diagnostics
- Genetic Testing
- DTC Diagnostics
- Esoteric Lab Services
- Esoteric Lab Tests
- PM Therapeutics
- Pharmaceutical
- Genomic Medicine
- Medical Devices
- Personalized Medical Care
- Telemedicine
- Heath Information Technology
- Personalized Nutrition & Wellness
- Retail Nutrition
- Complementary & Alternative Medicine
- PM Diagnostics
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Target buyers of Global personalized medicine market databook
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Our clientele includes a mix of personalized 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 personalized medicine market , including forecasts for subscribers. This global databook contains high-level insights into Global personalized medicine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global personalized medicine market size, by regions, 2018-2030 (US$M)
Top 10 countries: Personalized medicine market size, 2023 (US$M)
Global personalized medicine market share, by product, 2023 & 2030 (%, US$M)
Personalized medicine market: Opportunity assessment by country
Global personalized medicine market, by region, 2023 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 158,579.4 | 167,659.3 | 168,042.5 | 182,122.3 | 200,437.8 | 213,656.4 | 227,800.4 | 243,220.1 | 259,860.2 | 278,049.0 | 297,435.4 | 318,669.1 | 341,461.4 | 6.9% |
| Europe | 111,940.7 | 118,468.4 | 118,976.9 | 129,281.4 | 142,725.1 | 152,748.5 | 163,515.1 | 175,409.1 | 188,449.3 | 202,617.1 | 218,039.4 | 234,718.5 | 253,040.7 | 7.5% |
| Asia Pacific | 71,536.1 | 74,911.4 | 74,913.7 | 81,264.1 | 89,905.9 | 96,780.3 | 104,798.5 | 114,304.1 | 125,840.9 | 139,666.2 | 156,667.8 | 177,079.2 | 201,527.0 | 11.1% |
| Latin America | 31,715.9 | 33,759.7 | 34,073.9 | 37,202.6 | 41,223.1 | 44,281.4 | 47,592.4 | 51,284.3 | 55,373.2 | 59,931.0 | 65,012.2 | 70,585.8 | 76,895.5 | 8.2% |
| MEA | 15,858.0 | 16,811.2 | 16,915.4 | 18,411.6 | 20,358.7 | 21,816.8 | 23,394.3 | 25,108.5 | 27,004.9 | 29,099.4 | 31,427.8 | 34,006.0 | 36,871.7 | 7.8% |
| Overall | 389,630.0 | 411,610.0 | 412,922.3 | 448,282.0 | 494,650.6 | 529,283.4 | 567,100.7 | 609,326.0 | 656,528.5 | 709,362.6 | 768,582.6 | 835,058.6 | 909,796.3 | 8.1% |
Related regional statistics
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