Europe Personalized Medicine Market Size & Outlook
Europe personalized medicine market, 2018-2030 (US$M)
Related Markets
Europe personalized medicine market highlights
- The Europe personalized medicine market generated a revenue of USD 152,748.5 million in 2023.
- The market is expected to grow at a CAGR of 7.5% from 2024 to 2030.
- In terms of segment, personalized nutrition & wellness was the largest revenue generating product in 2023.
- PM Therapeutics is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 152,748.5 million |
| Market revenue in 2030 | USD 253,040.7 million |
| Growth rate | 7.5% (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 |
| Key market players worldwide | GE HealthCare Technologies Inc Common Stock, Illumina Inc, Asure Software Inc, Abbott Laboratories, Danaos Corp, Exact Sciences Corp, Danaher Corp, Amgen Inc, Qiagen NV, Exagen Inc Ordinary Shares, Quest Diagnostics Inc, Biogen Inc, Genelux Corp, International Business Machines Corp, Genentech, 23andMe Holding Co Class A |
Other key industry trends
- In terms of revenue, Europe region accounted for 28.9% of the global personalized medicine market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 201,527.0 million by 2030.
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Personalized Medicine Market Scope
Personalized Medicine Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe 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 32.24% in 2023. Horizon Databook has segmented the Europe 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.
Europe accounts for a considerable revenue share of the personalized medicine market due to the presence of developed economies, such as Germany, Spain, the UK, France, and Italy. These countries have advanced healthcare infrastructure, which is anticipated to significantly boost clinical research prospects in the region.
The market for personalized medicine is expected to grow exponentially during the forecast period owing to an increase in the number of approvals by regulatory bodies, intense competition between companies to increase market share, government initiatives, and improvements in reimbursement scenarios.
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Target buyers of Europe 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 continent-level data and insights on the Europe personalized medicine market , including forecasts for subscribers. This continent databook contains high-level insights into Europe personalized medicine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe personalized medicine market size, by country, 2018-2030 (US$M)
Europe Personalized Medicine Market Outlook Share, 2023 & 2030 (US$M)
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