Press release
Personalized Medicine Global Market Report 2025: Impressive Growth Fueled by Innovative Trends and Key Drivers
Personalized Medicine Market Size
What Is The Projected Market Size Of The Global Personalized Medicine Global Market Report 2025 And Its Growth Rate?
The personalized medicine market has been growing at a promising pace in recent years. Key statistics include:
• The market size is projected to grow from $386.27 billion in 2024 to $426.82 billion in 2025, representing a CAGR of 10.5%.
• The significant growth in the historic period can be attributed to the rise of companion diagnostics, patient-centric healthcare, a paradigm shift in drug development, healthcare cost containment, and increasing prevalence of chronic diseases.
• The market size is expected to see rapid growth in the next few years, reaching $662.67 billion in 2029 at a CAGR of 11.6%.
• The growth in the forecast period can be attributed to continued genomic advancements, expansion of biomarker discovery, growing adoption of telemedicine, regulatory support and frameworks, and collaboration and data sharing.
What Is Driving The Growth In The Personalized Medicine Global Market?
The rising prevalence of rare diseases is a major factor driving the growth of the personalized medicine market. This increase refers to the growing number of individuals diagnosed with conditions such as Klinefelter Syndrome, Aarskog Syndrome, and Abetalipoproteinemia. Personalized medicine provides tailored treatment options, addressing the unique needs of these patients, which is contributing to the expansion of the market. Notably, Genetic Alliance UK reported in 2024 that in the UK alone, 3.5 million people are living with a rare condition, indicating the substantial demand and scope for personalized medicine.
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Who Are The Key Players Driving Personalized Medicine Global Market Report 2025 Growth?
The personalized medicine market boasts of several key players, including:
• Bayer AG
• Novartis AG
• Thermo Fisher Scientific Inc.
• GlaxoSmithKline plc
• AstraZeneca plc
• Abbott Laboratories
• Danaher Corporation
• Eli Lilly and Company
• Decode Genetics Inc.
• GE HealthCare Technologies Inc.
What Are The Key Trends In The Personalized Medicine Global Market Report 2025?
Trends propelling the market forward include:
• Integration of artificial intelligence (AI)
• Advancements in genomic sequencing
• Data integration and analytics
• Immunotherapy and targeted therapies
• Patient empowerment and informed decision-making
• Collaborations and partnerships
What Are The Segments Of The Global Personalized Medicine Global Market Report 2025?
The personalized medicine market is segmented by:
• Product: Personalized Medicine Diagnostics, Personalized Medicine Therapeutics, Personalized Medical Care, Personalized Nutrition and Wellness
• Application: Oncology, Neurology, Blood Transfusion Safety, Diabetes, Autoimmune Diseases, Cardiology, Other Applications
• End-use: Hospitals, Diagnostic Centers, Research and Academic Institutes, Other End-Users
Which Region Leads The Personalized Medicine Global Market Report 2025?
North America was the largest region in the personalized medicine market in 2024; however, Asia-Pacific is predicted to demonstrate the fastest growth during the forecast period. The report further discusses the market landscape in Western Europe, Eastern Europe, South America, the Middle East, and Africa.
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What Is Covered In The Personalized Medicine Global Market Report 2025?
- Market Size Analysis: Analyze the Personalized Medicine Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Personalized Medicine Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Personalized Medicine Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Personalized Medicine Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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