Press release
Oncology Precision Medicine Market to Reach USD 178.6 Billion by 2030
IntroductionPune, India - Exactitude Consultancy unveils its new research on the Oncology Precision Medicine Market, highlighting significant growth driven by genomic sequencing, biomarker discovery, immunotherapy innovation, and personalized treatment strategies. As cancer prevalence rises globally, precision medicine is enabling clinicians to target therapies to individual tumor profiles, resulting in higher treatment efficacy and improved patient outcomes.
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Key Takeaways
• Market Size (2030): USD 178.6 Billion
• CAGR (2025-2030): 11.9%
• Genomics-based therapies and companion diagnostics lead adoption.
• Liquid biopsy is one of the fastest-growing precision oncology tools.
• North America holds the largest share; Asia Pacific is the fastest-growing region.
Market Story: Why Precision Medicine Is Transforming Oncology
Precision oncology represents a major shift from traditional "one-size-fits-all" cancer treatment to personalized therapies tailored to a patient's genetic and molecular tumor characteristics.
Breakthrough innovations are enabling clinicians to:
• Identify actionable mutations through NGS (next-generation sequencing)
• Use targeted therapies with higher efficacy and lower toxicity
• Monitor tumor evolution through liquid biopsies
• Predict treatment response using AI-driven analytics
• Enable immuno-oncology breakthroughs with biomarker guidance
• Optimize dosage and regimen using pharmacogenomics
As global cancer incidence rises, precision medicine empowers oncologists with tools that enhance survival rates, reduce side effects, and shorten diagnostic timelines.
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Market Segments
By Technology
• Genomics (Largest Share)
• Transcriptomics
• Proteomics
• Pharmacogenomics
• Epigenomics
• Digital Pathology & AI Diagnostics
• Big Data Analytics & Bioinformatics
By Application
• Breast Cancer
• Lung Cancer
• Colorectal Cancer
• Prostate Cancer
• Leukemia & Lymphoma
• Ovarian Cancer
• Melanoma
• Other Solid & Hematological Tumors
By Product & Service
• Targeted Therapeutics
• Diagnostics & Companion Diagnostics
• Genetic Testing Services
• Bioinformatics Platforms
• Liquid Biopsy Tests
• Clinical Decision Support Software
By End User
• Hospitals & Oncology Centers
• Pharmaceutical & Biotechnology Companies
• Clinical Laboratories
• Research Institutions
• Contract Research Organizations (CROs)
By Region
• North America - Leading adoption due to advanced genomic testing & R&D
• Europe - Strong funding for oncology genomics & personalized cancer programs
• Asia Pacific - Fastest growth driven by expanding sequencing capacity
• Latin America - Improving cancer infrastructure
• Middle East & Africa - Increasing investments in oncology diagnostics
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Recent Developments
• F. Hoffmann-La Roche Ltd advanced biomarker-enabled cancer drugs with new CDx partnerships.
• Illumina launched improved NGS panels for high-depth tumor profiling.
• Foundation Medicine expanded its genomic testing portfolio with new liquid biopsy enhancements.
• Guardant Health introduced next-generation ctDNA assays for early cancer detection.
• Bristol Meyers Squibb, Pfizer & Merck invested heavily in precision immuno-oncology pipelines.
Expert Quote
"Precision medicine is unlocking a new era in oncology by giving clinicians the tools to understand tumor biology at a molecular level. As genomics, AI, and targeted therapies converge, cancer care is becoming more personalized, predictive, and effective,"
- Irfan Tamboli, Business Development Executive, Exactitude Consultancy
Key Drivers
• Rising global cancer incidence
• Surge in genomic sequencing and biomarker discovery
• Growing adoption of targeted therapies and immunotherapies
• Expansion of liquid biopsy technologies
• Increased investment in AI and bioinformatics for oncology
• Shift toward value-based and personalized cancer care models
Forecast Outlook (2025-2030)
The Oncology Precision Medicine Market is projected to grow at 11.9% CAGR, driven by advancements in NGS, targeted therapeutics, AI-enabled oncology tools, and growing implementation of precision oncology guidelines. By 2030, precision medicine is expected to become the standard of care across global cancer treatment pathways.
Regional Insights
• North America:
o Strongest genomic testing ecosystem
o Leading cancer research centers and pharma innovators
• Europe:
o Advanced oncology care frameworks
o Expanding CDx reimbursement programs
• Asia Pacific:
o Rising cancer burden
o Government-funded genomic medicine initiatives
Conclusion
The Oncology Precision Medicine Market is entering a breakthrough phase, transforming how cancers are diagnosed, monitored, and treated. As AI, genomics, and targeted therapies align, the industry is moving toward a future where personalized cancer care becomes accessible, accurate, and deeply impactful.
This report is also available in the following languages : Japanese (腫瘍学の精密医療市場), Korean (종양학 정밀 의학 시장), Chinese (肿瘤精准医疗市场), French (Marché de la médecine de précision en oncologie), German (Markt für Präzisionsmedizin in der Onkologie), and Italian (Mercato della medicina di precisione in oncologia), etc.
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Connect Us:
Irfan Tamboli
PHONE NUMBER +1 (704) 266-3234
EMAIL ADDRESS: sales@exactitudeconsultancy.com
About Us
Exactitude Consultancy is a market research & consulting services firm which helps its client to address their most pressing strategic and business challenges. Our market research helps clients to address critical business challenges and also helps make optimized business decisions with our fact-based research insights, market intelligence, and accurate data.
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