Brazil Precision Medicine Market Size & Outlook, 2023-2030
Brazil precision medicine market, 2018-2030 (US$M)
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Brazil precision medicine market highlights
- The Brazil precision medicine market generated a revenue of USD 2,433.6 million in 2023 and is expected to reach USD 5,156.4 million by 2030.
- The Brazil market is expected to grow at a CAGR of 11.3% from 2024 to 2030.
- In terms of segment, therapeutics was the largest revenue generating application in 2023.
- Diagnostics is the most lucrative application segment registering the fastest growth during the forecast period.
Precision medicine market data book summary
| Market revenue in 2023 | USD 2,433.6 million |
| Market revenue in 2030 | USD 5,156.4 million |
| Growth rate | 11.3% (CAGR from 2023 to 2030) |
| Largest segment | Therapeutics |
| Fastest growing segment | Diagnostics |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Diagnostics, Therapeutics |
| Key market players worldwide | Roche, Siemens Healthineers AG ADR, Janssen Pharmaceuticals, Illumina Inc, Quest Diagnostics Inc, 23andMe Holding Co Class A, NeoDiagnostix, International Business Machines Corp, Myriad Genetics Inc, Medtronic PLC, GE HealthCare Technologies Inc Common Stock, Abbott Laboratories, Dakota Software, Biogen Inc, Qiagen NV, ImmunityBio Inc Ordinary Shares |
Other key industry trends
- In terms of revenue, Brazil accounted for 2.8% of the global precision medicine market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil precision medicine market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 652.2 million by 2030.
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Precision Medicine Market Scope
Precision Medicine Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil 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 74.15% in 2023. Horizon Databook has segmented the Brazil precision medicine market based on diagnostics, therapeutics covering the revenue growth of each sub-segment from 2018 to 2030.
In Brazil, genomic technology and research have been gradually adopted in medical research, clinical practices, and genome-wide association studies in genetic epidemiology. The Brazilian Initiative on Precision Medicine (BIPMed), developed by the São Paulo State Research Foundation (FAPESP) in November 2018, aims to offer public access to genomic and phenotypic data in Brazil as well as in other regions.
It is based on a software platform developed by following the guidelines of Global Alliance for Genomics and Health, thus it is the first platform of its kind in Latin America. A large number of scientists and clinicians implement this data to share and gain information about several aspects of human health and genomic medicine.
It also supports training in the areas of computational biology, human molecular genetics, and others. Therefore, BIPMed plays an important role in the development of personalized medicine, enabling a significant number of advancements in healthcare and research in Brazil.
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Our clientele includes a mix of precision medicine market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil precision medicine market , including forecasts for subscribers. This country databook contains high-level insights into Brazil precision medicine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil precision medicine diagnostics therapeutics market size, by application, 2018-2030 (US$M)
Brazil Precision Medicine Market Outlook Share, 2023 & 2030 (US$M)
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