Global Precision Medicine Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Technology;

Bioinformatics, Big Data Analytics, Gene Sequencing, Drug Discovery, Companion Diagnostics, and Others

By Type;

Inhibitors, Monoclonal Antibodies, Cell & Gene Therapy, Antivirals, and Antiretroviral

By Indication;

Oncology, Rare Diseases, Hematology, and Infectious

By Application;

Central Nervous System, Immunology, Respiratory, and Others

By End User;

Hospitals & Clinics and Home care

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn476466598 Published Date: May, 2025 Updated Date: July, 2025

Precision Medicine Market Overview

Precision Medicine Market (USD Million)

Precision Medicine Market was valued at USD 87,343.88 million in the year 2024. The size of this market is expected to increase to USD 201,321.67 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 12.7%.


Global Precision Medicine Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 12.7 %


Study Period2025 - 2031
Base Year2024
CAGR (%)12.7 %
Market Size (2024)USD 87,343.88 Million
Market Size (2031)USD 201,321.67 Million
Market ConcentrationLow
Report Pages306
87,343.88
2024
201,321.67
2031

Major Players

  • Biocrates Life Sciences AG
  • Nanostring Technologies
  • Intomics
  • Pfizer Inc.
  • Eagle Genomics Ltd
  • Teva Pharmaceuticals
  • Laboratory Corporation Of America Holdings
  • Medtronic Plc
  • Novartis AG
  • Qiagen N.V.
  • Quest Diagnostics Incorporated
  • Roche AG

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Precision Medicine Market

Fragmented - Highly competitive market without dominant players


The Precision Medicine Market is experiencing substantial growth, propelled by the demand for tailored medical interventions. By leveraging patient-specific genetic, environmental, and behavioral data, precision medicine enhances treatment accuracy. Notably, more than 50% of therapies in oncology now depend on personalized approaches, underlining a major shift from conventional treatment models.

Genomic Technologies Shaping Diagnostic Strategies
The incorporation of genomic sequencing and molecular-level diagnostics is accelerating the use of precision medicine. Around 45% of diagnostic practices now involve genetic screening tools, which help in early disease detection and customized treatment plans. This integration is reshaping diagnostic pathways and reinforcing precision-driven healthcare delivery.

Increased Demand Across Cancer and Rare Disorders
Applications of precision-based treatments are expanding, especially in cancer and rare genetic conditions. Nearly 55% of personalized therapies are linked to cancer treatment, indicating its dominant role.

Technology Integration Enhancing Outcomes
The synergy between precision medicine and digital innovations like AI and predictive analytics is fostering smarter care models. Approximately 40% of active precision programs are supported by such tools, which enable patient segmentation, outcome forecasting, and real-time data usage for optimized care delivery.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Technology
    2. Market Snapshot, By Type
    3. Market Snapshot, By Indication
    4. Market Snapshot, By Application
    5. Market Snapshot, By End User
    6. Market Snapshot, By Region
  4. Precision Medicine Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Advancements In Genomic And Molecular Profiling
        2. Growing Focus On Personalized Patient Treatment
        3. Rising Prevalence Of Chronic Genetic Disorders
        4. Integration Of AI In Clinical Decision Making
      2. Restraints
        1. High Cost Of Precision Therapies And Tools
        2. Limited Access In Low-Income Healthcare Settings
        3. Complex Regulatory Pathways For New Approvals
        4. Data Privacy Concerns In Genomic Research
      3. Opportunities
        1. Expansion Of Biomarker-Based Drug Development
        2. Collaborations Between Tech And Biopharma Companies
        3. Emerging Applications In Rare Disease Management
        4. Increased Funding For Genomic Research Programs
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Precision Medicine Market, By Technology, 2021 - 2031 (USD Million)
      1. Bioinformatics
      2. Big Data Analytics
      3. Gene Sequencing
      4. Drug Discovery
      5. Companion Diagnostics
      6. Others
    2. Precision Medicine Market, By Type, 2021 - 2031 (USD Million)

      1. Inhibitor
      2. Monoclonal Antibodies
      3. Cell & Gene Therapy
      4. Antiviral
      5. Anti-Retroviral
    3. Precision Medicine Market, By Indication, 2021 - 2031 (USD Million)

      1. Oncology
      2. Rare Diseases
      3. Hematological Disorders
    4. Precision Medicine Market, By Application, 2021 - 2031 (USD Million)
      1. Central Nervous System
      2. Immunology
      3. Respiratory
      4. Others
    5. Precision Medicine Market, By End User, 2021 - 2031 (USD Million)

      1. Hospitals & Clinics
      2. Home Care Settings
    6. Precision Medicine Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Biocrates Life Sciences AG
      2. Nanostring Technologies
      3. Intomics
      4. Pfizer Inc.
      5. Eagle Genomics Ltd
      6. Teva Pharmaceuticals
      7. Laboratory Corporation Of America Holdings
      8. Medtronic Plc
      9. Novartis AG
      10. Qiagen N.V.
      11. Quest Diagnostics Incorporated
      12. Roche AG
  7. Analyst Views
  8. Future Outlook of the Market