Global Precision Medicine Market Size & Outlook
The precision medicine industry worldwide is expected to reach a projected revenue of US$ 249,240.2 million by 2030. A compound annual growth rate of 16.1% is expected of the worldwide precision medicine industry from 2024 to 2030.
Revenue, 2023 (US$M)
$87,501.7
Forecast, 2030 (US$M)
$249,240.2
CAGR, 2024 - 2030
16.1%
Report Coverage
Worldwide
Global precision medicine market, 2018-2030 (US$M)
Related Markets
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, Mexico 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 2023 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, Mexico is the fastest growing regional market and is projected to reach USD 565.1 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Precision Medicine Market Scope
Precision medicine market segmentation & scope
Genetic Tests
Direct to Consumer Tests
Esoteric Tests
Others
Oncology
Respiratory Diseases
Skin Diseases
CNS Disorders
Immunology
Genetic Diseases
Others
Medical Devices
Others
Precision Medicine Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
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
- Genetic Tests
- Direct to Consumer Tests
- Esoteric Tests
- Others
- Therapeutics
- Pharmaceuticals
- Oncology
- Respiratory Diseases
- Skin Diseases
- CNS Disorders
- Immunology
- Genetic Diseases
- Others
- Medical Devices
- Others
- Pharmaceuticals
- Diagnostics
- Global Precision Medicine End Use Outlook (Revenue, USD Million, 2018-2030)
- Home Care
- Hospitals
- Clinical Laboratories
- Others
Reasons to subscribe to Global precision medicine market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
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
-
Our clientele includes a mix of precision medicine market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
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
Global precision medicine diagnostics therapeutics market statistics, by regions, 2018-2030 (US$M)
Top 10 countries: Precision medicine diagnostics therapeutics market size, 2023 (USD Million)
Top 10 countries: Precision medicine diagnostics therapeutics market size, 2023 (USD Million)
Global precision medicine market, by region, 2023 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
