France Precision Medicine Market Size & Outlook, 2023-2030
France precision medicine market, 2018-2030 (US$M)
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France precision medicine market highlights
- The France precision medicine market generated a revenue of USD 2,071.9 million in 2023 and is expected to reach USD 5,698.7 million by 2030.
- The France market is expected to grow at a CAGR of 15.6% 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 2,071.9 million |
| Market revenue in 2030 | USD 5,698.7 million |
| Growth rate | 15.6% (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, France accounted for 2.4% 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 Europe, Germany precision medicine market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 8,968.9 million by 2030.
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Precision Medicine Market Scope
Precision Medicine Market Companies
| Name | Profile | # Employees | HQ | Website |
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France 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 80.72% in 2023. Horizon Databook has segmented the France precision medicine market based on diagnostics, therapeutics covering the revenue growth of each sub-segment from 2018 to 2030.
The healthcare system in France relies heavily on government funds and national healthcare insurance. In 2015, a French Plan for Genomic Medicine 2025 was licensed. This plan was further developed and streamlined in 2016 by the French National Alliance for Life Sciences and Health (Aviesan). It was designed to facilitate the integration of genomic medicine in healthcare.
The plan also aims at establishing a genomic medicine industry that penetrates across France, boosting economic growth and innovation. Approximately USD 822 million had been invested in the first 5 years, with more than USD 200 million anticipated to be recovered from the industry. The initiative focuses on positioning France as a leading player in the precision and personalized medicine space by integrating genomic medicine into healthcare.
Furthermore, Human Precision MEDicine (Hu-PreciMED) project was launched by Intersystem & Oncodesign and is aimed at structuring the precision medicine industry in France. It includes over 45 medical and digital companies. Cap Digital and Medicen Paris Region are the prominent players that support advancements in this project.
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Our clientele includes a mix of precision 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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Horizon Databook provides a detailed overview of country-level data and insights on the France precision medicine market , including forecasts for subscribers. This country databook contains high-level insights into France precision medicine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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France precision medicine diagnostics therapeutics market size, by application, 2018-2030 (US$M)
France Precision Medicine Market Outlook Share, 2023 & 2030 (US$M)
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