Personalized Medicine Market is expected to reach US$ 976.30 billion by 2031 | Major Companies - Abbott, GE HealthCare., Danaher Corporation (Cepheid, Inc.), ASURAGEN, INC.

Market Size and Growth:

The Global Personalized Medicine Market size reached US$ 538.25 billion in 2023 and is expected to reach US$ 976.30 billion by 2031, growing with a CAGR of 7.8% during the forecast period 2024-2031.

The Personalized Medicine Market involves the development, commercialization, and application of tailored medical treatments based on individual genetic, environmental, and lifestyle factors. It focuses on precise diagnosis, targeted therapies, and customized prevention strategies to improve patient outcomes, reduce adverse effects, and enhance healthcare efficiency. Growing demand for precision healthcare and technological advancements drive this market globally.

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Recent Key Developments of United States:

✅ January 2026: National Institutes of Health expanded funding for precision oncology trials, focusing on biomarker-matched therapies to improve survival rates in metastatic cancers.

✅ December 2025: A major biotech firm launched an AI-driven pharmacogenomics platform that personalizes drug dosing for cancer patients, reducing adverse reactions significantly.

✅ November 2025: The FDA approved a novel gene therapy for rare genetic disorders, enabling tailored treatments based on individual patient genotypes and advancing oncology applications.

Recent Key Developments of Japan:

✅ January 2026: Regulatory reforms expedited approvals for pharmacogenomics-based drugs, driven by collaborations between academia and pharma companies to address the aging population's needs.

✅ December 2025: Government initiatives under Healthcare Policy 2025 integrated genetic data into national health systems, boosting pharmacogenomics for aging populations.

✅ November 2025: Advanced Genomics APAC partnered with Cancer Precision Medicine to roll out the GALEAS liquid biopsy test for bladder cancer screening, enhancing early detection through genomic profiling.

List of the Key Players in the Personalized Medicine Market:

Abbott
GE HealthCare.
Danaher Corporation (Cepheid, Inc.)
ASURAGEN, INC.
Exact Sciences Corporation
Illumina, Inc.
QIAGEN
Genentech, Inc.
Biogen
IBM.

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This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

Segments Covered in the Personalized Medicine Market:

By Product Type: Personalized Medicine Therapeutics, Personalized Medical Care.

By Application: Oncology, Neurology, Cardiology, Psychiatry, Immunology, Others.

By End-User: Hospitals & Specialty Care, Diagnostic Centers, Research & Academic Institutes, Others.

Regional Analysis:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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Chapter Outline

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Personalized Medicine market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Personalized Medicine Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The Global Personalized Medicine market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Personalized Medicine Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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People Also Ask:

◆ How big is the Personalized Medicine Market in 2025?
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