Precision Medicine Market Trends: Significant Growth Expected Through 2030

 

MarkNtel Advisors Releases Comprehensive Study on the Precision Medicine Market, Forecasting Strong Growth from 2024 to 2030

MarkNtel Advisors, a leading market research and consulting firm, has announced the release of its latest study titled “Precision Medicine Market Analysis, 2024–2030.”
This report provides a detailed assessment of the Precision Medicine Market, covering its evolving dynamics, emerging trends, key growth drivers, major challenges, and competitive landscape.

Designed to guide investors, stakeholders, and business leaders, the research aims to deliver valuable insights for strategic planning, risk assessment, and investment decision-making in the years ahead.

In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecast for years 2026 to 2032, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.

Download a FREE PDF Sample of the Report: (Discover the market potential, platform-specific insights, and key industry trends.) https://www.marknteladvisors.com/query/request-sample/global-precision-medicine-market.html

Precision Medicine Market Timeline Overview

-Historical Years: 2019-22

-Base Years: 2023

-Forecast year - 2024-2030

This helps businesses identify emerging opportunities, assess market risks, and develop data-driven strategies for long-term success.

Precision Medicine Market Outlook

According to the report, 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 report also examines consumer preferences, regulatory impacts, and investment trends that will shape the market’s trajectory over the next decade.

Precision Medicine Market Drivers:

Rising Demand for Personalized Therapies to Boost Market Growth – Over the past few years, research by academic institutions, non-profit organizations, etc. has revealed that every individual responds differently to medicine due to genetic, physiological, environmental, and lifestyle factors. According to Stanford Medicine, in 2021, it was revealed that almost 99.5% of individuals have an abnormal or atypical response to at least one therapeutic drug. This variability in medication response slows down the efficacy of the treatments. As a result, healthcare facilities are adopting a personalized therapeutic approach, including tailored treatments based on patient characteristics. These tailored approaches optimize therapeutic outcomes and minimize the risk of adverse drug reactions.

Precision Medicine Market Trends:

Integration with Emerging Technologies Like Artificial Intelligence (AI) and Big Data Analytics – The demand for personalized medicine has significantly increased across the globe to address unmet medical needs. Companies have increasingly relied on technologies like machine learning, artificial intelligence, etc. to analyze the large volume of data, comprising genomic data, clinical data, imaging data, and patient outcomes.

View Full Report (All Data, In One Place): (Explore in-depth analyses, technological trends, and investment patterns.) https://www.marknteladvisors.com/research-library/global-precision-medicine-market.html

Precision Medicine Market Segmentation

The study categorizes the Precision Medicine Market into various segments and sub-segments, each analyzed for its size, growth potential, and contribution to the overall industry.

By Technology

• Big Data Analytics
• Bioinformatics
• Whole Genome Sequencing
• Companion Diagnostics
• Molecular Imaging
• Artificial Intelligence
• Others (Pharmacogenomics, Genetic Testing, etc.)

By Solution Offering

• Consumables
• Reagents
• Assay Kits
• Instruments
• Real-Time PCR Machines
• Next-Generation Sequencing (NGS) Systems
• Microarray Scanners
• Others (Flow Cytometers, Imaging Systems, etc.)
• Services
• Genetic Testing and Counseling
• Pharmacogenomics Testing
• Cancer Genomic Profiling

By End User

• Pharmaceutical & Biotechnology Company
• Diagnostic Laboratories
• Healthcare IT
• Research Centers
• Healthcare Providers
• Others (Academic Institutes, Non-Profit Organization, etc.)

By Application

• Oncology
• Immunology
• Central Nervous System (CNS)
• Respiratory
• Gastroenterology
• Others (Endocrinology, Neurology, etc.)

Geographical Analysis

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

The report presents detailed insights into the Precision Medicine Market’s geographical expansion, highlighting key trends and opportunities across the following geographies:

Talk to Our Industry Analyst: Get personalized insights into company strategies and regional market dynamics.) https://www.marknteladvisors.com/query/talk-to-our-consultant/global-precision-medicine-market.html

Leading Companies in Precision Medicine Market Worldwide: Players, Analysis & Future Outlook

The top companies in the Precision Medicine Market are 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., and others.

Key Highlights of the Report

• Comprehensive Market Overview: In-depth analysis of market size, share, and forecasts from 2024 to 2030.
• Growth Drivers & Challenges: Clear insights into factors fueling or restraining market expansion.
• Investment & Regulatory Insights: Evaluation of key policies, funding trends, and collaborations influencing industry performance.
• Competitive Landscape: Detailed profiles of leading companies, including product portfolios, business strategies, financials, and recent developments such as mergers & acquisitions.

Analytical Tools: Application of SWOT Analysis, PESTEL Analysis, and Porter’s Five Forces Model to assess competition and external influences

Browse through our flexible pricing plans and choose the package that best fits your business needs whether you require a single-user license, corporate access, or customized insights. Once you select the plan that suits your requirements, you can purchase and instantly access the full report online – https://www.marknteladvisors.com/pricing/global-precision-medicine-market.html

Frequently Asked Questions (FAQ)

1. What is the projected growth rate of the Precision Medicine Market?
   2. What are the major factors driving this market’s growth?
   3. Which regions are expected to lead the Precision Medicine Market?
   4. Who are the prominent players in the Precision Medicine Market?
   5. How is the competition structured in this market?
   6. How can I access the full report?

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.         

Reach Us:

MarkNtel Advisors

Sector 63, Noida, Uttar Pradesh-201301, India

Contact No: +91 8719999009

Email: sales@marknteladvisors.com

Visit our Website: https://www.marknteladvisors.com

We’re always open to sharing insights, exploring ideas. Follow us to stay updated on the latest news and industry trends.