Precision Diagnostics & Medicine Market Forecast with Size and Share Analysis 2025 to 2034

Report Id: 3040 Pages: 180 Last Updated: 23 December 2025 Format: PDF / PPT / Excel / Power BI
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Segmentation of Precision Diagnostics & Medicine Market :

Precision Diagnostics & Medicine Market-By Type

  • Genetic Testing
  • DTC Testing
  • Others

Precision Diagnostics & Medicine Market seg

Precision Diagnostics & Medicine Market-By Product

  • Monoclonal Antibodies
  • Inhibitor Drugs
  • Cell & Gene Therapies
  • Antiviral & Anti- Retroviral Drugs
  • Others

Precision Diagnostics & Medicine Market-By Indication

  • Diagnostics
    • Oncology
    • Neurology
    • Immunology
    • Others
  • Medicine
    • Oncology
    • Rare Diseases
    • Infectious Diseases
    • Hematological Disorders
    • Others

Precision Diagnostics & Medicine Market-By End-User

  • Clinical Laboratories
  • Hospitals
  • Home Care Settings

Precision Diagnostics & Medicine Market-By Region

North America-

  • The US
  • Canada

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Mexico
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of the Middle East and Africa

Chapter 1. Methodology and Scope

1.1. Research Methodology
1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Precision Diagnostics & Medicine Market Snapshot

Chapter 4. Global Precision Diagnostics & Medicine Market Variables, Trends & Scope

4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Porter's Five Forces Analysis
4.7. Incremental Opportunity Analysis (US$ MN), 2024-2034
4.8. Competitive Landscape & Market Share Analysis, By Key Player (2023)
4.9. Use/impact of AI on Precision Diagnostics & Medicine Market Trends
4.10. Global Precision Diagnostics & Medicine Market Penetration & Growth Prospect Mapping (US$ Mn), 2021-2034

Chapter 5. Precision Diagnostics & Medicine Market Segmentation 1: By Type, Estimates & Trend Analysis

5.1. Market Share by Type, 2024 & 2034
5.2. Market Size Revenue (US$ Million) & Forecasts and Trend Analyses, 2021 to 2034 for the following Type:

5.2.1. Precision Diagnostics

5.2.1.1. Genetic Testing
5.2.1.2. DTC Testing
5.2.1.3. Other Types

5.2.2. Precision Medicine

5.2.2.1. Monoclonal Antibodies
5.2.2.2. Inhibitor Drugs
5.2.2.3. Cell & Gene Therapies
5.2.2.4. Antiviral & Anti-Retroviral Drugs
5.2.2.5. Other Products

Chapter 6. Precision Diagnostics & Medicine Market Segmentation 2: Indication, Estimates & Trend Analysis

6.1. Market Share by Indication, 2024 & 2034
6.2. Market Size Revenue (US$ Million) & Forecasts and Trend Analyses, 2021 to 2034 for the following Indication:

6.2.1. Precision Diagnostics

6.2.1.1. Oncology
6.2.1.2. Neurology
6.2.1.3. Immunology
6.2.1.4. Other Diagnostic Indications

6.2.2. Precision Medicine

6.2.2.1. Oncology
6.2.2.2. Rare Diseases
6.2.2.3. Infectious Diseases
6.2.2.4. Hematological Disorders
6.2.2.5. Other Medicine Indications

Chapter 7. Precision Diagnostics & Medicine Market Segmentation 3: By End User, Estimates & Trend Analysis

7.1. Market Share by End User, 2024 & 2034
7.2. Market Size Revenue (US$ Million) & Forecasts and Trend Analyses, 2021 to 2034 for the following End User:

7.2.1. Clinical Laboratories
7.2.2. Hospitals
7.2.3. Home Care Settings

Chapter 8. Precision Diagnostics & Medicine Market Segmentation 6: Regional Estimates & Trend Analysis

8.1. Global Precision Diagnostics & Medicine Market, Regional Snapshot 2024 & 2034

8.2. North America

8.2.1. North America Precision Diagnostics & Medicine Market Revenue (US$ Million) Estimates and Forecasts by Country, 2021-2034

8.2.1.1. US
8.2.1.2. Canada

8.2.2. North America Precision Diagnostics & Medicine Market Revenue (US$ Million) Estimates and Forecasts by Type, 2021-2034
8.2.3. North America Precision Diagnostics & Medicine Market Revenue (US$ Million) Estimates and Forecasts by Indication, 2021-2034
8.2.4. North America Precision Diagnostics & Medicine Market Revenue (US$ Million) Estimates and Forecasts by End User, 2021-2034

8.3. Europe

8.3.1. Europe Precision Diagnostics & Medicine Market Revenue (US$ Million) Estimates and Forecasts by Country, 2021-2034

8.3.1.1. Germany
8.3.1.2. U.K.
8.3.1.3. France
8.3.1.4. Italy
8.3.1.5. Spain
8.3.1.6. Rest of Europe

8.3.2. Europe Precision Diagnostics & Medicine Market Revenue (US$ Million) Estimates and Forecasts by Type, 2021-2034
8.3.3. Europe Precision Diagnostics & Medicine Market Revenue (US$ Million) Estimates and Forecasts by Indication, 2021-2034
8.3.4. Europe Precision Diagnostics & Medicine Market Revenue (US$ Million) Estimates and Forecasts by End User, 2021-2034

8.4. Asia Pacific

8.4.1. Asia Pacific Precision Diagnostics & Medicine Market Revenue (US$ Million) Estimates and Forecasts by Country, 2021-2034

8.4.1.1. India
8.4.1.2. China
8.4.1.3. Japan
8.4.1.4. Australia
8.4.1.5. South Korea
8.4.1.6. Hong Kong
8.4.1.7. Southeast Asia
8.4.1.8. Rest of Asia Pacific

8.4.2. Asia Pacific Precision Diagnostics & Medicine Market Revenue (US$ Million) Estimates and Forecasts by Type, 2021-2034
8.4.3. Asia Pacific Precision Diagnostics & Medicine Market Revenue (US$ Million) Estimates and Forecasts by Indication, 2021-2034
8.4.4. Asia Pacific Precision Diagnostics & Medicine Market Revenue (US$ Million) Estimates and Forecasts by End User, 2021-2034

8.5. Latin America

8.5.1. Latin America Precision Diagnostics & Medicine Market Revenue (US$ Million) Estimates and Forecasts by Country, 2021-2034

8.5.1.1. Brazil
8.5.1.2. Mexico
8.5.1.3. Rest of Latin America

8.5.2. Latin America Precision Diagnostics & Medicine Market Revenue (US$ Million) Estimates and Forecasts by Type, 2021-2034
8.5.3. Latin America Precision Diagnostics & Medicine Market Revenue (US$ Million) Estimates and Forecasts by Indication, 2021-2034
8.5.4. Latin America Precision Diagnostics & Medicine Market Revenue (US$ Million) Estimates and Forecasts by End User, 2021-2034

8.6. Middle East & Africa

8.6.1. Middle East & Africa Wind Turbine Rotor Blade Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034

8.6.1.1. GCC Countries
8.6.1.2. Israel
8.6.1.3. South Africa
8.6.1.4. Rest of Middle East and Africa

8.6.2. Middle East & Africa Precision Diagnostics & Medicine Market Revenue (US$ Million) Estimates and Forecasts by Type, 2021-2034
8.6.3. Middle East & Africa Precision Diagnostics & Medicine Market Revenue (US$ Million) Estimates and Forecasts by Indication, 2021-2034
8.6.4. Middle East & Africa Precision Diagnostics & Medicine Market Revenue (US$ Million) Estimates and Forecasts by End User, 2021-2034

Chapter 9. Competitive Landscape

9.1. Major Mergers and Acquisitions/Strategic Alliances
9.2. Company Profiles

9.2.1. F. Hoffmann-La Roche Ltd (Switzerland)
9.2.1.1. Business Overview
9.2.1.2. Key Offering/Service Overview
9.2.1.3. Financial Performance
9.2.1.4. Geographical Presence
9.2.1.5. Recent Developments with Business Strategy
9.2.2. Agilent Technologies, Inc. (US)
9.2.3. Thermo Fisher Scientific Inc. (US)
9.2.4. Myriad Genetics, Inc. (US)
9.2.5. Guardant Health (US)
9.2.6. Abbott (US)
9.2.7. Illumina, Inc. (US)
9.2.8. Danaher (US)
9.2.9. Exact Sciences Corporation (US)
9.2.10. Qiagen (Netherlands)
9.2.11. 23andME, INC. (US)
9.2.12. ARUP Laboratories. (US)
9.2.13. Devyser (Sweden)
9.2.14. Diasorin S.P.A. (Italy)
9.2.15. Tempus (US)
9.2.16. Pillar Biosciences Inc. (US)
9.2.17. Invivoscribe, Inc. (US)
9.2.18. NeuroCode (US)
9.2.19. C2N Diagnostics (US)
9.2.20. Trinity Biotech Plc. (Ireland)
9.2.21. Amoy Diagnostics Co., Ltd. (China)
9.2.22. Novartis AG (Switzerland)
9.2.23. Bristol-Myers Squibb Company (US)
9.2.24. Gilead Sciences, Inc (US)
9.2.25. AstraZeneca (UK)
9.2.26. AbbVie Inc. (US)
9.2.27. Eli Lilly and Company (US)
9.2.28. Pfizer Inc. (US)
9.2.29. GSK plc. (UK)
9.2.30. Sanofi (France)
9.2.31. Johnson & Johnson Services, Inc. (US)
9.2.32. Vertex Pharmaceuticals Incorporated (US)
9.2.33. Amgen Inc. (US)
9.2.34. Merck KGaA (Germany)
9.2.35. Sarepta Therapeutics, Inc. (US)
9.2.36. Merck & Co., Inc.
9.2.37. Natera, Inc.

Research Design and Approach

This study employed a multi-step, mixed-method research approach that integrates:

  • Secondary research
  • Primary research
  • Data triangulation
  • Hybrid top-down and bottom-up modelling
  • Forecasting and scenario analysis

This approach ensures a balanced and validated understanding of both macro- and micro-level market factors influencing the market.

Secondary Research

Secondary research for this study involved the collection, review, and analysis of publicly available and paid data sources to build the initial fact base, understand historical market behaviour, identify data gaps, and refine the hypotheses for primary research.

Sources Consulted

Secondary data for the market study was gathered from multiple credible sources, including:

  • Government databases, regulatory bodies, and public institutions
  • International organizations (WHO, OECD, IMF, World Bank, etc.)
  • Commercial and paid databases
  • Industry associations, trade publications, and technical journals
  • Company annual reports, investor presentations, press releases, and SEC filings
  • Academic research papers, patents, and scientific literature
  • Previous market research publications and syndicated reports

These sources were used to compile historical data, market volumes/prices, industry trends, technological developments, and competitive insights.

Secondary Research

Primary Research

Primary research was conducted to validate secondary data, understand real-time market dynamics, capture price points and adoption trends, and verify the assumptions used in the market modelling.

Stakeholders Interviewed

Primary interviews for this study involved:

  • Manufacturers and suppliers in the market value chain
  • Distributors, channel partners, and integrators
  • End-users / customers (e.g., hospitals, labs, enterprises, consumers, etc., depending on the market)
  • Industry experts, technology specialists, consultants, and regulatory professionals
  • Senior executives (CEOs, CTOs, VPs, Directors) and product managers

Interview Process

Interviews were conducted via:

  • Structured and semi-structured questionnaires
  • Telephonic and video interactions
  • Email correspondences
  • Expert consultation sessions

Primary insights were incorporated into demand modelling, pricing analysis, technology evaluation, and market share estimation.

Data Processing, Normalization, and Validation

All collected data were processed and normalized to ensure consistency and comparability across regions and time frames.

The data validation process included:

  • Standardization of units (currency conversions, volume units, inflation adjustments)
  • Cross-verification of data points across multiple secondary sources
  • Normalization of inconsistent datasets
  • Identification and resolution of data gaps
  • Outlier detection and removal through algorithmic and manual checks
  • Plausibility and coherence checks across segments and geographies

This ensured that the dataset used for modelling was clean, robust, and reliable.

Market Size Estimation and Data Triangulation

Bottom-Up Approach

The bottom-up approach involved aggregating segment-level data, such as:

  • Company revenues
  • Product-level sales
  • Installed base/usage volumes
  • Adoption and penetration rates
  • Pricing analysis

This method was primarily used when detailed micro-level market data were available.

Bottom Up Approach

Top-Down Approach

The top-down approach used macro-level indicators:

  • Parent market benchmarks
  • Global/regional industry trends
  • Economic indicators (GDP, demographics, spending patterns)
  • Penetration and usage ratios

This approach was used for segments where granular data were limited or inconsistent.

Hybrid Triangulation Approach

To ensure accuracy, a triangulated hybrid model was used. This included:

  • Reconciling top-down and bottom-up estimates
  • Cross-checking revenues, volumes, and pricing assumptions
  • Incorporating expert insights to validate segment splits and adoption rates

This multi-angle validation yielded the final market size.

Forecasting Framework and Scenario Modelling

Market forecasts were developed using a combination of time-series modelling, adoption curve analysis, and driver-based forecasting tools.

Forecasting Methods

  • Time-series modelling
  • S-curve and diffusion models (for emerging technologies)
  • Driver-based forecasting (GDP, disposable income, adoption rates, regulatory changes)
  • Price elasticity models
  • Market maturity and lifecycle-based projections

Scenario Analysis

Given inherent uncertainties, three scenarios were constructed:

  • Base-Case Scenario: Expected trajectory under current conditions
  • Optimistic Scenario: High adoption, favourable regulation, strong economic tailwinds
  • Conservative Scenario: Slow adoption, regulatory delays, economic constraints

Sensitivity testing was conducted on key variables, including pricing, demand elasticity, and regional adoption.

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Frequently Asked Questions

Precision Diagnostics & Medicine Market Size was valued at USD 138.4 Bn in 2024 and is predicted to reach USD 425.9 Bn by 2034

Precision Diagnostics & Medicine Market is expected to grow at a 12.3% CAGR during the forecast period for 2025-2034.

F. Hoffmann-La Roche Ltd, Eli Lilly and Company, Pfizer Inc., GSK plc, Sanofi, Johnson & Johnson Services, Inc., Vertex Pharmaceuticals Incorporated,

Precision Diagnostics & Medicine Market is segmented based on type, product, indication, and end-user.

North America region is leading the Precision Diagnostics & Medicine Market.

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