Global Precision Oncology Market Size & Outlook, 2023-2030
The precision oncology industry worldwide is expected to reach a projected revenue of US$ 73,128.9 million by 2030. A compound annual growth rate of 10.2% is expected of the worldwide precision oncology industry from 2024 to 2030.
Revenue, 2023 (US$M)
$37,065.0
Forecast, 2030 (US$M)
$73,128.9
CAGR, 2024 - 2030
10.2%
Report Coverage
Worldwide
Global precision oncology market, 2018-2030 (US$M)
Related Markets
Global precision oncology market highlights
- The global precision oncology market generated a revenue of USD 37,065.0 million in 2023 and is expected to reach USD 73,128.9 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 10.2% by 2030.
- In terms of segment, therapeutics accounted for a revenue of USD 26,507.6 million in 2023.
- Diagnostics is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Kuwait is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 37,065.0 million |
| Market revenue in 2030 | USD 73,128.9 million |
| Growth rate | 10.2% (CAGR from 2023 to 2030) |
| Largest segment | Therapeutics |
| Fastest growing segment | Diagnostics |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Diagnostics, Therapeutics |
Other key industry trends
- In terms of revenue, the North America accounted for 42.6% of the global precision oncology market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Kuwait is the fastest growing regional market and is projected to reach USD 202.2 million by 2030.
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Precision Oncology Market Scope
Precision oncology market segmentation & scope
Precision Oncology Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global precision oncology market size, by regions, 2018-2030 (US$M)
Top 10 countries: Precision oncology market size, 2023 (US$M)
Global precision oncology market share, by product, 2023 & 2030 (%, US$M)
Precision oncology market: Opportunity assessment by country
Global precision oncology market, by region, 2023 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 6,484.0 | 7,135.6 | 8,957.3 | 11,414.0 | 14,327.2 | 15,789.9 | 17,407.0 | 19,195.3 | 21,173.5 | 23,362.3 | 25,785.0 | 28,467.4 | 31,438.1 | 10.3% |
| Europe | 4,156.1 | 4,552.6 | 5,688.4 | 7,215.3 | 9,014.4 | 9,888.1 | 10,849.7 | 11,908.2 | 13,073.8 | 14,357.6 | 15,772.2 | 17,331.3 | 19,050.1 | 9.8% |
| Asia Pacific | 3,350.7 | 3,724.9 | 4,722.7 | 6,081.7 | 7,705.1 | 8,570.8 | 9,536.6 | 10,614.3 | 11,817.2 | 13,160.3 | 14,660.4 | 16,336.3 | 18,209.1 | 11.4% |
| Latin America | 739.1 | 799.3 | 985.6 | 1,235.7 | 1,520.9 | 1,643.6 | 1,776.7 | 1,921.1 | 2,077.8 | 2,248.0 | 2,432.9 | 2,633.8 | 2,852.0 | 8.2% |
| MEA | 590.4 | 625.4 | 754.8 | 916.0 | 1,107.6 | 1,172.5 | 1,237.9 | 1,302.9 | 1,366.5 | 1,427.6 | 1,484.7 | 1,536.1 | 1,579.6 | 4.4% |
| Overall | 15,320.3 | 16,837.8 | 21,108.8 | 26,862.8 | 33,675.2 | 37,065.0 | 40,807.9 | 44,941.7 | 49,508.8 | 54,555.9 | 60,135.3 | 66,304.8 | 73,128.9 | 10.2% |
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