Precision Medicine Market: Steady Surge Foreseen with Noteworthy CAGR and Increasing Market Size in recent years

The global precision medicine market experiences remarkable expansion propelled by increasing illness prevalence and medical developments.

What Is The Projected Market Size Of The Global Precision Medicine Market And Its Growth Rate?
• The precision medicine market recorded impressive growth from $80.15 billion in 2024 to $88.73 billion in 2025, with a compound annual growth rate (CAGR) of 10.7%.
• The growth can be attributed to factors such as increasing cancer prevalence, increased healthcare expenditure, and increasing geriatric population.
• The precision medicine market is projected to continue its expansion to $129.37 billion in 2029 with a CAGR of 9.9%.
• The strong growth can be owed to the rise in healthcare expenditure, the potential of emerging economies, and increasing research and development spending.

What Is Driving The Growth In The Precision Medicine Market?
The rising prevalence of cancer has a significant impact on the precision medicine market. Cancer is a leading cause of death globally, and precision medicine can effectively analyze tumor DNA to find abnormalities causing cancer. For example, the World Health Organization projected more than 35 million new cancer cases by 2050, a 77% increase from 2022's 20 million cases. This increase in cancer cases globally propels the growth of the precision medicine market.

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Who Are the Key Players Driving Precision Medicine Market Growth?
• Quest Diagnostics
• Thermo Fisher Scientific Inc.
• Roche Holding AG
• Medtronic plc
• Novartis AG
• Pfizer Inc.
• Qiagen
• AstraZeneca plc.
• Abbott Laboratories
• Nordic Bioscience A/S
• And many more.

What Are The Key Trends In The Precision Medicine Market?
• Adopting artificial intelligence technologies for improving competitiveness.
• Providing diagnosis and personalized treatment for immune-mediated diseases.
• Investing in increased research and development activities.
• Forming collaborations and partnerships to improve product portfolios.

What Are The Segments Of The Global Precision Medicine Market?
1) By Technology: Big Data Analytics, Bioinformatics, Gene Sequencing, Drug Discovery, Companion Diagnostics, Other Technology
2) By Application: Oncology, Respiratory Diseases, Central Nervous System Disorders, Immunology, Genetic Diseases, Other Applications
3) By End Use: Pharmaceutical Companies, Diagnostic Companies, Healthcare And IT Firms, Others

Which Region Leads The Precision Medicine Market?
North America was the dominant region in the precision medicine market in 2024, with Asia-Pacific anticipated to be the fastest-growing region in the coming years. The report covers multiple regions, including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

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What Is Covered In The Precision Medicine Market Global Market Report?
- Market Size Analysis: Analyzing the Precision Medicine Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identifying various subsegments within the Precision Medicine Market.
- Key Player Focus: Focused analysis on key players to determine their market value, share, and competitive landscape.
- Growth Trends Analysis: Examination of individual growth trends and prospects.
- Market Contribution: Evaluation of different segments' contributions to overall Precision Medicine Market growth.
- Growth Drivers: Detailed explanation of key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analysis of challenges and risks affecting the Precision Medicine Market.
- Competitive Developments: Analysis of competitive developments such as expansions, agreements, and new product launches.

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