Kuwait Precision Medicine Market Size & Outlook, 2023-2030
Kuwait precision medicine market, 2018-2030 (US$M)
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Kuwait precision medicine market highlights
- The Kuwait precision medicine market generated a revenue of USD 182.7 million in 2023 and is expected to reach USD 332.1 million by 2030.
- The Kuwait market is expected to grow at a CAGR of 8.9% 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 182.7 million |
| Market revenue in 2030 | USD 332.1 million |
| Growth rate | 8.9% (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, Kuwait accounted for 0.2% 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 Middle East & Africa, South Africa precision medicine market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 1,188.1 million by 2030.
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Precision Medicine Market Scope
Precision Medicine Market Companies
| Name | Profile | # Employees | HQ | Website |
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Kuwait 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 85.82% in 2023. Horizon Databook has segmented the Kuwait precision medicine market based on diagnostics, therapeutics covering the revenue growth of each sub-segment from 2018 to 2030.
The precision medicine market in Kuwait is witnessing notable growth and transformation, driven by advancements in healthcare technology and a growing emphasis on tailored therapeutic approaches. As Kuwait embraces precision medicine, there is a surge in demand for diagnostic tools, genetic testing, and targeted therapies that consider individual variability in genes, environment, and lifestyle.
The adoption of precision medicine in Kuwait is expected to lead to effective and efficient healthcare delivery, with a focus on optimizing treatment outcomes while minimizing adverse effects. The market is witnessing increased collaborations between healthcare providers, pharmaceutical companies, and technology firms to integrate genomic data into clinical decision-making.
In addition, international healthcare providers are coming forward to invest in the country due to substantial market potential. Entry of such players is further estimated to leverage market growth in the country.
Reasons to subscribe to Kuwait precision medicine market databook:
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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 Kuwait precision medicine market databook
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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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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 country-level data and insights on the Kuwait precision medicine market , including forecasts for subscribers. This country databook contains high-level insights into Kuwait precision medicine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Kuwait precision medicine diagnostics therapeutics market size, by application, 2018-2030 (US$M)
Kuwait Precision Medicine Market Outlook Share, 2023 & 2030 (US$M)
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