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Global Precision Medicine Market Size, Manufacturers, Growth Analysis Industry Forecast to 2030

April 2024 | 136 pages | ID: G4101006F80DEN
APO Research

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According to the National Institutes of Health (NIH), precision medicine is 'an emerging approach for disease treatment and prevention that takes into account individual variability in genes, environment, and lifestyle for each person.' This approach will allow doctors and researchers to predict more accurately which treatment and prevention strategies for a particular disease will work in which groups of people. It is in contrast to a 'one-size-fits-all' approach, in which disease treatment and prevention strategies are developed for the average person, with less consideration for the differences between individuals.

Although the term 'precision medicine' is relatively new, the concept has been a part of healthcare for many years. For example, a person who needs a blood transfusion is not given blood from a randomly selected donor; instead, the donor’s blood type is matched to the recipient to reduce the risk of complications. Although examples can be found in several areas of medicine, the role of precision medicine in day-to-day healthcare is relatively limited. Researchers hope that this approach will expand to many areas of health in coming years.

According to APO Research, The global Precision Medicine market is projected to grow from US$ million in 2024 to US$ million by 2030, at a Compound Annual Growth Rate (CAGR) of % during the forecast period.

The classification of precision medicine includes diagnostics and therapies, and the proportion of diagnostics is about 67%.

Precision Medicine is used for oncology, neurosciences, immunology, respiratory and other field. The most proportion of precision medicine is for oncology, and the market share is about 30%.

Market competition is intense. Johnson & Johnson, Roche, Labcorp, Abbott Laboratories and Novartis are the leaders of the industry, with about 56% market shares.

This report presents an overview of global market for Precision Medicine, revenue and gross margin. Analyses of the global market trends, with historic market revenue for 2019 - 2023, estimates for 2024, and projections of CAGR through 2030.

This report researches the key producers of Precision Medicine, also provides the value of main regions and countries. Of the upcoming market potential for Precision Medicine, and key regions or countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.

This report focuses on the Precision Medicine revenue, market share and industry ranking of main companies, data from 2019 to 2024. Identification of the major stakeholders in the global Precision Medicine market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.

All companies have demonstrated varying levels of sales growth and profitability over the past six years, while some companies have experienced consistent growth, others have shown fluctuations in performance. The overall trend suggests a positive outlook for the global @@@@ company landscape, with companies adapting to market dynamics and maintaining profitability amidst changing conditions.

Descriptive company profiles of the major global players, including Johnson & Johnson, Roche, Labcorp, Abbott Laboratories, Novartis, Illumina, GE Healthcare, Intel Corporation and Biomrieux Sa, etc.

Precision Medicine segment by Company
  • Johnson & Johnson
  • Roche
  • Labcorp
  • Abbott Laboratories
  • Novartis
  • Illumina
  • GE Healthcare
  • Intel Corporation
  • Biomrieux Sa
  • Cepheid
  • IBM
  • Qiagen
  • Thermo Fisher Scientific
  • Randox Laboratories
  • Almac Group
  • Healthcore
Precision Medicine segment by Type
  • Diagnostics
  • Therapies
Precision Medicine segment by Application
  • Oncology
  • Neurosciences
  • Immunology
  • Respiratory
  • Others
Precision Medicine segment by Region
  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Russia
  • Asia-Pacific
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • China Taiwan
  • Indonesia
  • Thailand
  • Malaysia
  • Latin America
  • Mexico
  • Brazil
  • Argentina
  • Middle East & Africa
  • Turkey
  • Saudi Arabia
  • UAE
Study Objectives

1. To analyze and research the global Precision Medicine status and future forecast, involving, revenue, growth rate (CAGR), market share, historical and forecast.

2. To present the Precision Medicine key companies, revenue, market share, and recent developments.

3. To split the Precision Medicine breakdown data by regions, type, companies, and application.

4. To analyze the global and key regions Precision Medicine market potential and advantage, opportunity and challenge, restraints, and risks.

5. To identify Precision Medicine significant trends, drivers, influence factors in global and regions.

6. To analyze Precision Medicine competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Precision Medicine market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.

2. This report will help stakeholders to understand the global industry status and trends of Precision Medicine and provides them with information on key market drivers, restraints, challenges, and opportunities.

3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in sales and value), competitor ecosystem, new product development, expansion, and acquisition.

4. This report stays updated with novel technology integration, features, and the latest developments in the market.

5. This report helps stakeholders to gain insights into which regions to target globally.

6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Precision Medicine.

7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Introduces the report scope of the report, global total market size.

Chapter 2: Analysis key trends, drivers, challenges, and opportunities within the global Precision Medicine industry.

Chapter 3: Detailed analysis of Precision Medicine company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 6: Sales value of Precision Medicine in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of key country in the world.

Chapter 7: Sales value of Precision Medicine in country level. It provides sigmate data by type, and by application for each country/region.

Chapter 8: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including revenue, gross margin, product introduction, recent development, etc.

Chapter 9: Concluding Insights.

Chapter 9: Concluding Insights.
1 MARKET OVERVIEW

1.1 Product Definition
1.2 Global Precision Medicine Market Size, 2019 VS 2023 VS 2030
1.3 Global Precision Medicine Market Size (2019-2030)
1.4 Assumptions and Limitations
1.5 Study Goals and Objectives

2 PRECISION MEDICINE MARKET DYNAMICS

2.1 Precision Medicine Industry Trends
2.2 Precision Medicine Industry Drivers
2.3 Precision Medicine Industry Opportunities and Challenges
2.4 Precision Medicine Industry Restraints

3 PRECISION MEDICINE MARKET BY COMPANY

3.1 Global Precision Medicine Company Revenue Ranking in 2023
3.2 Global Precision Medicine Revenue by Company (2019-2024)
3.3 Global Precision Medicine Company Ranking, 2022 VS 2023 VS 2024
3.4 Global Precision Medicine Company Manufacturing Base & Headquarters
3.5 Global Precision Medicine Company, Product Type & Application
3.6 Global Precision Medicine Company Commercialization Time
3.7 Market Competitive Analysis
  3.7.1 Global Precision Medicine Market CR5 and HHI
  3.7.2 Global Top 5 and 10 Company Market Share by Revenue in 2023
  3.7.3 2023 Precision Medicine Tier 1, Tier 2, and Tier
3.8 Mergers & Acquisitions, Expansion

4 PRECISION MEDICINE MARKET BY TYPE

4.1 Precision Medicine Type Introduction
  4.1.1 Diagnostics
  4.1.2 Therapies
4.2 Global Precision Medicine Sales Value by Type
  4.2.1 Global Precision Medicine Sales Value by Type (2019 VS 2023 VS 2030)
  4.2.2 Global Precision Medicine Sales Value by Type (2019-2030)
  4.2.3 Global Precision Medicine Sales Value Share by Type (2019-2030)

5 PRECISION MEDICINE MARKET BY APPLICATION

5.1 Precision Medicine Application Introduction
  5.1.1 Oncology
  5.1.2 Neurosciences
  5.1.3 Immunology
  5.1.4 Respiratory
  5.1.5 Others
5.2 Global Precision Medicine Sales Value by Application
  5.2.1 Global Precision Medicine Sales Value by Application (2019 VS 2023 VS 2030)
  5.2.2 Global Precision Medicine Sales Value by Application (2019-2030)
  5.2.3 Global Precision Medicine Sales Value Share by Application (2019-2030)

6 PRECISION MEDICINE MARKET BY REGION

6.1 Global Precision Medicine Sales Value by Region: 2019 VS 2023 VS 2030
6.2 Global Precision Medicine Sales Value by Region (2019-2030)
  6.2.1 Global Precision Medicine Sales Value by Region: 2019-2024
  6.2.2 Global Precision Medicine Sales Value by Region (2025-2030)
6.3 North America
  6.3.1 North America Precision Medicine Sales Value (2019-2030)
  6.3.2 North America Precision Medicine Sales Value Share by Country, 2023 VS 2030
6.4 Europe
  6.4.1 Europe Precision Medicine Sales Value (2019-2030)
  6.4.2 Europe Precision Medicine Sales Value Share by Country, 2023 VS 2030
6.5 Asia-Pacific
  6.5.1 Asia-Pacific Precision Medicine Sales Value (2019-2030)
  6.5.2 Asia-Pacific Precision Medicine Sales Value Share by Country, 2023 VS 2030
6.6 Latin America
  6.6.1 Latin America Precision Medicine Sales Value (2019-2030)
  6.6.2 Latin America Precision Medicine Sales Value Share by Country, 2023 VS 2030
6.7 Middle East & Africa
  6.7.1 Middle East & Africa Precision Medicine Sales Value (2019-2030)
  6.7.2 Middle East & Africa Precision Medicine Sales Value Share by Country, 2023 VS 2030

7 PRECISION MEDICINE MARKET BY COUNTRY

7.1 Global Precision Medicine Sales Value by Country: 2019 VS 2023 VS 2030
7.2 Global Precision Medicine Sales Value by Country (2019-2030)
  7.2.1 Global Precision Medicine Sales Value by Country (2019-2024)
  7.2.2 Global Precision Medicine Sales Value by Country (2025-2030)
7.3 USA
  7.3.1 Global Precision Medicine Sales Value Growth Rate (2019-2030)
  7.3.2 Global Precision Medicine Sales Value Share by Type, 2023 VS 2030
  7.3.3 Global Precision Medicine Sales Value Share by Application, 2023 VS 2030
7.4 Canada
  7.4.1 Global Precision Medicine Sales Value Growth Rate (2019-2030)
  7.4.2 Global Precision Medicine Sales Value Share by Type, 2023 VS 2030
  7.4.3 Global Precision Medicine Sales Value Share by Application, 2023 VS 2030
7.5 Germany
  7.5.1 Global Precision Medicine Sales Value Growth Rate (2019-2030)
  7.5.2 Global Precision Medicine Sales Value Share by Type, 2023 VS 2030
  7.5.3 Global Precision Medicine Sales Value Share by Application, 2023 VS 2030
7.6 France
  7.6.1 Global Precision Medicine Sales Value Growth Rate (2019-2030)
  7.6.2 Global Precision Medicine Sales Value Share by Type, 2023 VS 2030
  7.6.3 Global Precision Medicine Sales Value Share by Application, 2023 VS 2030
7.7 U.K.
  7.7.1 Global Precision Medicine Sales Value Growth Rate (2019-2030)
  7.7.2 Global Precision Medicine Sales Value Share by Type, 2023 VS 2030
  7.7.3 Global Precision Medicine Sales Value Share by Application, 2023 VS 2030
7.8 Italy
  7.8.1 Global Precision Medicine Sales Value Growth Rate (2019-2030)
  7.8.2 Global Precision Medicine Sales Value Share by Type, 2023 VS 2030
  7.8.3 Global Precision Medicine Sales Value Share by Application, 2023 VS 2030
7.9 Netherlands
  7.9.1 Global Precision Medicine Sales Value Growth Rate (2019-2030)
  7.9.2 Global Precision Medicine Sales Value Share by Type, 2023 VS 2030
  7.9.3 Global Precision Medicine Sales Value Share by Application, 2023 VS 2030
7.10 Nordic Countries
  7.10.1 Global Precision Medicine Sales Value Growth Rate (2019-2030)
  7.10.2 Global Precision Medicine Sales Value Share by Type, 2023 VS 2030
  7.10.3 Global Precision Medicine Sales Value Share by Application, 2023 VS 2030
7.11 China
  7.11.1 Global Precision Medicine Sales Value Growth Rate (2019-2030)
  7.11.2 Global Precision Medicine Sales Value Share by Type, 2023 VS 2030
  7.11.3 Global Precision Medicine Sales Value Share by Application, 2023 VS 2030
7.12 Japan
  7.12.1 Global Precision Medicine Sales Value Growth Rate (2019-2030)
  7.12.2 Global Precision Medicine Sales Value Share by Type, 2023 VS 2030
  7.12.3 Global Precision Medicine Sales Value Share by Application, 2023 VS 2030
7.13 South Korea
  7.13.1 Global Precision Medicine Sales Value Growth Rate (2019-2030)
  7.13.2 Global Precision Medicine Sales Value Share by Type, 2023 VS 2030
  7.13.3 Global Precision Medicine Sales Value Share by Application, 2023 VS 2030
7.14 Southeast Asia
  7.14.1 Global Precision Medicine Sales Value Growth Rate (2019-2030)
  7.14.2 Global Precision Medicine Sales Value Share by Type, 2023 VS 2030
  7.14.3 Global Precision Medicine Sales Value Share by Application, 2023 VS 2030
7.15 India
  7.15.1 Global Precision Medicine Sales Value Growth Rate (2019-2030)
  7.15.2 Global Precision Medicine Sales Value Share by Type, 2023 VS 2030
  7.15.3 Global Precision Medicine Sales Value Share by Application, 2023 VS 2030
7.16 Australia
  7.16.1 Global Precision Medicine Sales Value Growth Rate (2019-2030)
  7.16.2 Global Precision Medicine Sales Value Share by Type, 2023 VS 2030
  7.16.3 Global Precision Medicine Sales Value Share by Application, 2023 VS 2030
7.17 Mexico
  7.17.1 Global Precision Medicine Sales Value Growth Rate (2019-2030)
  7.17.2 Global Precision Medicine Sales Value Share by Type, 2023 VS 2030
  7.17.3 Global Precision Medicine Sales Value Share by Application, 2023 VS 2030
7.18 Brazil
  7.18.1 Global Precision Medicine Sales Value Growth Rate (2019-2030)
  7.18.2 Global Precision Medicine Sales Value Share by Type, 2023 VS 2030
  7.18.3 Global Precision Medicine Sales Value Share by Application, 2023 VS 2030
7.19 Turkey
  7.19.1 Global Precision Medicine Sales Value Growth Rate (2019-2030)
  7.19.2 Global Precision Medicine Sales Value Share by Type, 2023 VS 2030
  7.19.3 Global Precision Medicine Sales Value Share by Application, 2023 VS 2030
7.20 Saudi Arabia
  7.20.1 Global Precision Medicine Sales Value Growth Rate (2019-2030)
  7.20.2 Global Precision Medicine Sales Value Share by Type, 2023 VS 2030
  7.20.3 Global Precision Medicine Sales Value Share by Application, 2023 VS 2030
7.21 UAE
  7.21.1 Global Precision Medicine Sales Value Growth Rate (2019-2030)
  7.21.2 Global Precision Medicine Sales Value Share by Type, 2023 VS 2030
  7.21.3 Global Precision Medicine Sales Value Share by Application, 2023 VS 2030

8 COMPANY PROFILES

8.1 Johnson & Johnson
  8.1.1 Johnson & Johnson Comapny Information
  8.1.2 Johnson & Johnson Business Overview
  8.1.3 Johnson & Johnson Precision Medicine Revenue and Gross Margin (2019-2024)
  8.1.4 Johnson & Johnson Precision Medicine Product Portfolio
  8.1.5 Johnson & Johnson Recent Developments
8.2 Roche
  8.2.1 Roche Comapny Information
  8.2.2 Roche Business Overview
  8.2.3 Roche Precision Medicine Revenue and Gross Margin (2019-2024)
  8.2.4 Roche Precision Medicine Product Portfolio
  8.2.5 Roche Recent Developments
8.3 Labcorp
  8.3.1 Labcorp Comapny Information
  8.3.2 Labcorp Business Overview
  8.3.3 Labcorp Precision Medicine Revenue and Gross Margin (2019-2024)
  8.3.4 Labcorp Precision Medicine Product Portfolio
  8.3.5 Labcorp Recent Developments
8.4 Abbott Laboratories
  8.4.1 Abbott Laboratories Comapny Information
  8.4.2 Abbott Laboratories Business Overview
  8.4.3 Abbott Laboratories Precision Medicine Revenue and Gross Margin (2019-2024)
  8.4.4 Abbott Laboratories Precision Medicine Product Portfolio
  8.4.5 Abbott Laboratories Recent Developments
8.5 Novartis
  8.5.1 Novartis Comapny Information
  8.5.2 Novartis Business Overview
  8.5.3 Novartis Precision Medicine Revenue and Gross Margin (2019-2024)
  8.5.4 Novartis Precision Medicine Product Portfolio
  8.5.5 Novartis Recent Developments
8.6 Illumina
  8.6.1 Illumina Comapny Information
  8.6.2 Illumina Business Overview
  8.6.3 Illumina Precision Medicine Revenue and Gross Margin (2019-2024)
  8.6.4 Illumina Precision Medicine Product Portfolio
  8.6.5 Illumina Recent Developments
8.7 GE Healthcare
  8.7.1 GE Healthcare Comapny Information
  8.7.2 GE Healthcare Business Overview
  8.7.3 GE Healthcare Precision Medicine Revenue and Gross Margin (2019-2024)
  8.7.4 GE Healthcare Precision Medicine Product Portfolio
  8.7.5 GE Healthcare Recent Developments
8.8 Intel Corporation
  8.8.1 Intel Corporation Comapny Information
  8.8.2 Intel Corporation Business Overview
  8.8.3 Intel Corporation Precision Medicine Revenue and Gross Margin (2019-2024)
  8.8.4 Intel Corporation Precision Medicine Product Portfolio
  8.8.5 Intel Corporation Recent Developments
8.9 Biomrieux Sa
  8.9.1 Biomrieux Sa Comapny Information
  8.9.2 Biomrieux Sa Business Overview
  8.9.3 Biomrieux Sa Precision Medicine Revenue and Gross Margin (2019-2024)
  8.9.4 Biomrieux Sa Precision Medicine Product Portfolio
  8.9.5 Biomrieux Sa Recent Developments
8.10 Cepheid
  8.10.1 Cepheid Comapny Information
  8.10.2 Cepheid Business Overview
  8.10.3 Cepheid Precision Medicine Revenue and Gross Margin (2019-2024)
  8.10.4 Cepheid Precision Medicine Product Portfolio
  8.10.5 Cepheid Recent Developments
8.11 IBM
  8.11.1 IBM Comapny Information
  8.11.2 IBM Business Overview
  8.11.3 IBM Precision Medicine Revenue and Gross Margin (2019-2024)
  8.11.4 IBM Precision Medicine Product Portfolio
  8.11.5 IBM Recent Developments
8.12 Qiagen
  8.12.1 Qiagen Comapny Information
  8.12.2 Qiagen Business Overview
  8.12.3 Qiagen Precision Medicine Revenue and Gross Margin (2019-2024)
  8.12.4 Qiagen Precision Medicine Product Portfolio
  8.12.5 Qiagen Recent Developments
8.13 Thermo Fisher Scientific
  8.13.1 Thermo Fisher Scientific Comapny Information
  8.13.2 Thermo Fisher Scientific Business Overview
  8.13.3 Thermo Fisher Scientific Precision Medicine Revenue and Gross Margin (2019-2024)
  8.13.4 Thermo Fisher Scientific Precision Medicine Product Portfolio
  8.13.5 Thermo Fisher Scientific Recent Developments
8.14 Randox Laboratories
  8.14.1 Randox Laboratories Comapny Information
  8.14.2 Randox Laboratories Business Overview
  8.14.3 Randox Laboratories Precision Medicine Revenue and Gross Margin (2019-2024)
  8.14.4 Randox Laboratories Precision Medicine Product Portfolio
  8.14.5 Randox Laboratories Recent Developments
8.15 Almac Group
  8.15.1 Almac Group Comapny Information
  8.15.2 Almac Group Business Overview
  8.15.3 Almac Group Precision Medicine Revenue and Gross Margin (2019-2024)
  8.15.4 Almac Group Precision Medicine Product Portfolio
  8.15.5 Almac Group Recent Developments
8.16 Healthcore
  8.16.1 Healthcore Comapny Information
  8.16.2 Healthcore Business Overview
  8.16.3 Healthcore Precision Medicine Revenue and Gross Margin (2019-2024)
  8.16.4 Healthcore Precision Medicine Product Portfolio
  8.16.5 Healthcore Recent Developments

9 CONCLUDING INSIGHTS

10 APPENDIX

10.1 Reasons for Doing This Study
10.2 Research Methodology
10.3 Research Process
10.4 Authors List of This Report
10.5 Data Source
  10.5.1 Secondary Sources
  10.5.2 Primary Sources
10.6 Disclaimer


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