North America Precision Medicine Market Size & Outlook

The precision medicine market in North America is expected to reach a projected revenue of US$ 120,780.8 million by 2030. A compound annual growth rate of 14.5% is expected of North America precision medicine market from 2024 to 2030.
Revenue, 2023 (US$M)
$46,914.3
Forecast, 2030 (US$M)
$120,780.8
CAGR, 2024 - 2030
14.5%
Report Coverage
North America

North America precision medicine market highlights

  • The North America precision medicine market generated a revenue of USD 46,914.3 million in 2023.
  • The market is expected to grow at a CAGR of 14.5% 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.
  • Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.


North America data book summary

Market revenue in 2023USD 46,914.3 million
Market revenue in 2030USD 120,780.8 million
Growth rate14.5% (CAGR from 2023 to 2030)
Largest segmentTherapeutics
Fastest growing segmentDiagnostics
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationDiagnostics, Therapeutics
Key market players worldwideRoche, 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, North America region accounted for 53.6% of the global precision 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 57,313.9 million by 2030.

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Precision Medicine Market Companies

Name Profile # Employees HQ Website

North America 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 85.61% in 2023. Horizon Databook has segmented the North America precision medicine market based on diagnostics, therapeutics covering the revenue growth of each sub-segment from 2018 to 2030.


The National Institutes of Health’s National Human Genome Research Institute (NHGRI) highlights that most medical treatments are designed for the general population with a “one size fits all” approach, which, while effective for many, does not benefit all patients equally.

Personalized medicine, also known as precision medicine, is an emerging and promising practice that uses an individual’s genetic profile to help clinicians determine the best approaches for preventing, diagnosing, treating, and managing specific diseases & conditions.

This tailored approach can also assist in prescribing the most suitable medication or therapy and dosage for individual patients. According to the Personalized Medicine Coalition (PMC), personalized medicine has the prospective to improve treatment outcomes for various diseases through targeted therapies, enhancing the overall effectiveness of medicine.

Reasons to subscribe to North America 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.
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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 North America 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 continent-level data and insights on the North America precision medicine market , including forecasts for subscribers. This continent databook contains high-level insights into North America precision medicine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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North America precision medicine diagnostics therapeutics market size, by country, 2018-2030 (US$M)

North America Precision Medicine Market Outlook Share, 2023 & 2030 (US$M)

North America precision medicine diagnostics therapeutics market size, by country, 2018-2030 (US$M)

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