Press release
India Precision Medicine Market Expected to Reach USD 6.5 Billion by 2034 at a CAGR of 11.8%
According to IMARC Group's report titled "India Precision Medicine Market Size, Share, Trends and Forecast by Product, Technology, Application, End User, and Region, 2026-2034" the report offers a comprehensive analysis of the industry, including market share, growth, trends, and regional insights.
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India Precision Medicine Market Overview
The India precision medicine market size reached USD 2.4 Billion in 2025. Looking forward, IMARC Group expects the market to reach USD 6.5 Billion by 2034, exhibiting a growth rate (CAGR) of 11.8% during 2026-2034.
The market growth is driven by the rising incidence of chronic diseases like cancer, cardiovascular disorders, and diabetes, increasing demand for effective and targeted treatment options. Precision medicine involves tailoring treatment to individual genetic, lifestyle, and environmental characteristics, enabling more personalized and effective healthcare.
Key Takeaways of India Precision Medicine Market
• Current Market Size : USD 2.4 Billion (2025)
• CAGR : 11.8%
• Forecast Period : 2026-2034
• The rising prevalence of chronic diseases such as cancer, cardiovascular disorders, and diabetes is a critical demand driver.
• Advances in genomics and molecular biology are expanding the understanding of genetic disease bases.
• Significant investments in R&D by pharmaceutical and biotechnology companies for targeted therapies are fueling market growth.
• Increasing awareness among healthcare professionals and patients about personalized medicine benefits is expanding adoption.
• Integration of artificial intelligence and big data analytics supports advanced treatment strategy development.
• Expansion of technological innovations enhances diagnosis, prevention, and treatment tailored to individual genetic makeup.
India Precision Medicine Market Growth Factors
• Rising incidence of chronic diseases, including cancer, cardiovascular disorders, and diabetes, is driving the demand for targeted and personalized therapies.
• Advancements in genomics and molecular biology have significantly improved understanding of the genetic basis of diseases.
• Pharmaceutical and biotechnology companies are heavily investing in the development of personalized medicines and targeted drugs.
• Growing awareness among healthcare providers and patients about improved treatment outcomes through precision medicine is boosting adoption.
• Increasing use of artificial intelligence (AI) and big data analytics to analyze large healthcare datasets and tailor treatment strategies.
• Rapid advancements in genomic sequencing technologies are enabling accurate identification of disease-specific biomarkers.
• Rising demand to reduce adverse drug reactions through personalized therapies based on individual genetic information.
• Expansion of healthcare infrastructure offering precision medicine services across hospitals, clinics, and diagnostic centers.
• Increasing collaboration between researchers, healthcare institutions, and technology providers, along with technology convergence, is accelerating innovation and overall market growth.
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India Precision Medicine Market Trends
• Precision medicine is a healthcare approach that customizes medical decisions and treatments based on individual patient characteristics.
• Genomic sequencing and bioinformatics are increasingly used to identify disease-associated mutations and biomarkers.
• Pharmaceutical and biotechnology companies are focusing on targeted drug discovery and the development of companion diagnostics.
• Advances in big data analytics and artificial intelligence (AI) are enhancing clinical decision-making by leveraging complex biological and health data.
• Growing patient awareness and medical knowledge are driving demand for more personalized and effective therapies.
• Precision medicine has the potential to reduce treatment side effects and overall healthcare costs by improving therapeutic outcomes.
• The rising prevalence of chronic diseases and cancer continues to be a key driver of market growth.
• Digital health platforms and healthcare IT systems are enabling broader adoption of precision medicine solutions.
• Strong demand is emerging for precision medicine-related consumables, equipment, and services across hospitals, diagnostic centers, and pharmaceutical companies.
India Precision Medicine Market Segmentation
• Product Insights:
• Consumables: Includes reagents, kits, and disposables used in precision medicine applications.
• Instruments: Equipment utilized for gene sequencing, diagnostics, and data analysis.
• Services: Encompasses consulting, testing, data analytics, and other specialized support services.
• Technology Insights:
• Big Data Analytics: Techniques to manage and interpret large biological datasets.
• Bioinformatics: Computational analysis of genetic and molecular data.
• Gene Sequencing: Technologies to decode individual genomes or specific gene regions.
• Drug Discovery: Research and development of targeted therapeutics.
• Companion Diagnostics: Tests developed to guide therapy decisions based on patient genetics.
• Others: Additional emerging technologies supporting precision medicine.
• Application Insights:
• Oncology: Precision treatment of cancer through genetic profiling.
• Central Nervous System (CNS): Targeted therapies for neurological diseases.
• Immunology: Personalized treatments for immune-related disorders.
• Respiratory Medicine: Gene-based interventions for respiratory conditions.
• Infections: Genetic insights for infectious disease management.
• Others: Other therapeutic areas benefiting from precision approaches.
• End User Insights:
• Hospitals and Clinics: Primary healthcare providers implementing precision medicine.
• Diagnostic Centers: Facilities focused on genetic testing and molecular diagnostics.
• Pharma and Biotech Companies: Developing precision therapeutics and diagnostics.
• Healthcare IT Firms: Supporting infrastructure and software for precision medicine.
• Others: Additional end users engaged in precision healthcare services.
India Precision Medicine Market Regional Insights
• North India
• West and Central India
• South India
• East and Northeast India
The dominant region in the India precision medicine market is Not explicitly mentioned in source. The report provides detailed regional segmentation and analysis. The market exhibits a strong CAGR of 11.8% over the forecast period
Key Highlights of the Report
• Comprehensive quantitative analysis of the India precision medicine market segments.
• Exploration of historical trends and future market outlook covering 2020-2034.
• Porter's Five Forces analysis to assess competitive intensity and market attractiveness.
• Detailed competitive landscape featuring company evaluation and market positioning.
• Insights into market drivers, challenges, and opportunities.
• Customization and post-sale analyst support for in-depth market understanding.
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Customization Note:
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IMARC Group
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IMARC Group is a global management consulting firm that helps ambitious changemakers create a lasting impact. The company offers comprehensive market assessment, feasibility studies, incorporation support, regulatory assistance, branding and strategy services, and procurement research.
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