Norway Precision Medicine Market Size & Outlook, 2023-2030
Norway precision medicine market, 2018-2030 (US$M)
Related Markets
Norway precision medicine market highlights
- The Norway precision medicine market generated a revenue of USD 622.7 million in 2023 and is expected to reach USD 1,313.0 million by 2030.
- The Norway market is expected to grow at a CAGR of 11.2% 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 622.7 million |
| Market revenue in 2030 | USD 1,313.0 million |
| Growth rate | 11.2% (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, Norway accounted for 0.7% 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.
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 Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Norway 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 81.47% in 2023. Horizon Databook has segmented the Norway precision medicine market based on diagnostics, therapeutics covering the revenue growth of each sub-segment from 2018 to 2030.
In December 2021, Illumina, Inc. announced that it would be supporting Norway’s precision medicine study to evaluate blood-based Comprehensive Genomic Profiling (CGP) efficiency in the selection of cancer therapy. The study would also evaluate the cost-effectiveness of blood-based CGP implementation in the healthcare system.
Tissue sampling could be replaced with less invasive CGP testing on blood samples, thus expanding the number of people whose tumors can be profiled and who can then be enrolled in clinical trials for cancer therapy selection. Norway has established a network of drug information centers, Regionale legemiddelinformasjonssentre (RELIS).
This service promotes access to personalized medicine in the country. In October 2020, the government of Norway increased the budget for personalized medicine in its newly released state budget. The budget was increased to a total of USD 5.69 million (NOK 61.3 million). This increased budget is intended to be used to improve molecular diagnostics capabilities in hospitals to increase the adoption of precision medicine.
Reasons to subscribe to Norway 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 Norway 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 country-level data and insights on the Norway precision medicine market , including forecasts for subscribers. This country databook contains high-level insights into Norway precision medicine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Norway precision medicine diagnostics therapeutics market size, by application, 2018-2030 (US$M)
Norway Precision Medicine Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
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
