Precision Medicine Market Size, Share & Growth

According to MarkNtel Advisors study The Global Precision Medicine Market size was valued at around USD 48.8 Billion in 2023 & is estimated to grow at a CAGR of around 10.6% during the forecast period, i.e., 2024-30. In recent years, the lifestyle of individuals has drastically changed, as they are following unhealthy diets, consuming excessive alcohol, and rarely engaging in physical activities like sports. The transition of individuals toward unhealthy lifestyles has led to rising instances of chronic diseases like diabetes, cardiovascular diseases, etc. According to the British Heart Foundation, as of 2024, almost 110 million men & 80 million women are suffering from coronary heart disease. The higher prevalence of chronic illnesses across the globe is resulting in the requirement for accurate treatment & medicines to improve an individual's health condition, driving the Precision Medicine Market.

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Precision Medicine Market Segmentation Analysis:

The Precision Medicine Analysis, 2024-2030 report provides in-depth insights into the industry’s expansion across different segments as cited below in order to aid stakeholders in gaining information associated with the changing operational interface after contemplating the governing policies, regulations, & other external factors influencing the industry.

By Technology

Big Data Analytics- Market Size & Forecast 2019-2030F, USD Million
Bioinformatics- Market Size & Forecast 2019-2030F, USD Million
Whole Genome Sequencing- Market Size & Forecast 2019-2030F, USD Million
Companion Diagnostics- Market Size & Forecast 2019-2030F, USD Million
Molecular Imaging- Market Size & Forecast 2019-2030F, USD Million
Artificial Intelligence- Market Size & Forecast 2019-2030F, USD Million
Others (Pharmacogenomics, Genetic Testing, etc.)- Market Size & Forecast 2019-2030F, USD Million

Based on technology, big data analytics holds a significant share in the Global Precision Market owing to its advantages over other technologies like molecular imaging, whole genome sequencing, and others.

By Solution Offering

Consumables- Market Size & Forecast 2019-2030F, USD Million
- Reagents- Market Size & Forecast 2019-2030F, USD Million
- Assay Kits- Market Size & Forecast 2019-2030F, USD Million
Instruments- Market Size & Forecast 2019-2030F, USD Million
- Real-Time PCR Machines- Market Size & Forecast 2019-2030F, USD Million
- Next-Generation Sequencing (NGS) Systems- Market Size & Forecast 2019-2030F, USD Million
- Microarray Scanners- Market Size & Forecast 2019-2030F, USD Million
- Others (Flow Cytometers, Imaging Systems, etc.) - Market Size & Forecast 2019-2030F, USD Million
Services- Market Size & Forecast 2019-2030F, USD Million
- Genetic Testing and Counseling- Market Size & Forecast 2019-2030F, USD Million
- Pharmacogenomics Testing- Market Size & Forecast 2019-2030F, USD Million
- Cancer Genomic Profiling- Market Size & Forecast 2019-2030F, USD Million

By End User

Pharmaceutical & Biotechnology Company- Market Size & Forecast 2019-2030F, USD Million
Diagnostic Laboratories- Market Size & Forecast 2019-2030F, USD Million
Healthcare IT- Market Size & Forecast 2019-2030F, USD Million
Research Centers- Market Size & Forecast 2019-2030F, USD Million
Healthcare Providers- Market Size & Forecast 2019-2030F, USD Million
Others (Academic Institutes, Non-Profit Organization, etc.)- Market Size & Forecast 2019-2030F, USD Million

By Application

Oncology- Market Size & Forecast 2019-2030F, USD Million
Immunology- Market Size & Forecast 2019-2030F, USD Million
Central Nervous System (CNS) - Market Size & Forecast 2019-2030F, USD Million
Respiratory- Market Size & Forecast 2019-2030F, USD Million
Gastroenterology- Market Size & Forecast 2019-2030F, USD Million
Others (Endocrinology, Neurology, etc.)- Market Size & Forecast 2019-2030F, USD Million

air pollution has emerged as one of the pivotal environmental problems due to the rapid industrialization of developing economies and surging transportation activities.

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Regional/Country-Level Landscape of the Precision Medicine:

This section of the research report cites various factors that determine the revenue & volume growth of the Precision Medicine during 2024-32 across different geographic locations, which shall help readers comprehend the worth of investing in a particular country or a region.

By Region

North America
South America
Europe
The Middle East & Africa
Asia-Pacific.

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Precision Medicine Market Competitive Overview

The competitive analysis is another prominent section of the report intended to help stakeholders devise approaches before investing in the Precision Medicine. Our analysts have undergone rigorous examination and put together all effective strategies used by the prominent players in the industry as mentioned below to boost their brand value and expand product portfolio, customer base, & visibility across different regions/countries. The stakeholders can also attain insights into the recent developments, product/service launches, and mergers & acquisitions, among other dynamics, to consolidate profits.

Hoffmann-La Roche Ltd.
Astra Zeneca
Qiagen
Thermo Fisher Scientific Inc.
Amgen Inc.
Bayer AG
Biogen Inc.
Illumina Inc.
Medtronic Plc
Novartis Pharmaceutical Corporation
Kailos Genetics, LLC.
C2i Genomics
Astarte Medical
PerkinElmer Inc.

Reasons to Buy Precision Medicine Report

Delivers unbiased & accurate data on the changing dynamics of the Precision Medicine, enabling stakeholders to develop business strategies & make investments after going through the factors impacting the growth trajectory of the industry.
Cites key elements backing the potential growth of the market in the forecast years while understanding the competitive scenario for strategic investments, product launches, mergers & acquisitions, and others.
Attain better knowledge to manage and organize business after examining the opportunities & challenges associated with sales & marketing in the industry.
Utilize the accurate & detail-driven analysis of the prominent players and their dominance in the market, helping the stakeholders to devise their strategies accordingly & get ahead of the competitors.

Customization Services

We also offer customization on the "Precision Medicine Analysis, 2024" report that exhibits a comprehensive industry analysis to provide readers with specific in-depth market insights and help them succeed in today’s rapidly changing industry scenarios.

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About us:

MarkNtel Advisors is a globally recognized market research and consulting firm delivering intelligence across the healthcare industry, spanning pharmaceuticals, medical devices, healthcare IT, and biotechnology. Our analysts combine domain expertise with innovation tracking to help healthcare organizations improve efficiency and patient outcomes. Through Consulting Services, we assist clients in interpreting insights, designing go-to-market strategies, and adapting to regulatory changes, fostering sustainable growth in the evolving global healthcare ecosystem.

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