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Report Overview

The global personalised medicine market size was estimated at USD 2.48 trillion in 2023 and is expected to grow over the forecast period of 2024-2032 at a CAGR of 11.2%. Personalised medicine promises a paradigm shift in the delivery of diagnosis as the therapy care is based on the information leveraged from an individual patient’s holistic perspective.

2023

Base Year

2017-2023

Historical Year

2024-2032

Forecast Year

Global Personalised Medicine Market

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Market Segmentation

Personalised medicine is a kind of medical care in which treatment is customised for an individual patient. The global personalised medicine market can be divided based on segments like technology, application, and product.

The personalised medicine market can be broadly categorised based on its application into:

  • Oncology
  • CNS
  • Immunology
  • Respiratory
  • Other

The industry can be divided on the basis of its technology like:

  • Big Data Analytics
  • Bioinformatics
  • Gene Sequencing
  • Drug Discovery
  • Companion Diagnostics
  • Others

The industry can be divided based on its product as:

  • PM Diagnostics
  • PM Therapeutics
  • Personalised Medical Care
  • Personalised Nutrition and Wellness

Looks into the regional markets of personalised medicine like:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Global Personalised Medicine Market

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Market Analysis

The proliferation of sequencing methodologies, in particular, Next Generation Sequencing, is anticipated to drive the personalised medicine market growth owing to the increasing sequencing costs and the growth of the Human Genome Project in the field of genomics. Increasing cancer incidence, which boosts the demand for personalised diagnosis of cancer and therapy, is also one of the main variables responsible for the personalised medicine market growth. The growing expenditure on cancer is also one of the drivers for the development of the personalised medicine market.

Global Personalised Medicine Market

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Competitive Landscape

The report presents a detailed analysis of the following key players in the global personalised medicine market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Illumina Inc.         
  • GE Healthcare  
  • Pfizer Inc.  
  • Novartis AG     
  • Abbott Laboratories    
  • Asuragen Inc.    
  • Others

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2023, the global personalised medicine market attained a value of nearly USD 2.48 trillion.

The market is estimated to witness a healthy growth, expanding at a CAGR of 11.2% in the forecast period of 2024-2032.

The major drivers of the market include the advancements in sequencing methodologies, paradigm shift in the delivery of diagnosis, and the growth of the human genome project in the field of genomics.

The increasing prevalence of cancer is boosting the demand for personalised medical care and therapy, which is expected to be a key trend guiding the growth of the industry.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Big data analytics, bioinformatics, gene sequencing, drug discovery, and companion diagnostics, among others are the major technologies of the product in the market.

PM diagnostics (genetic testing, direct-to-consumer (DTC) diagnostics, esoteric lab services, and esoteric lab tests), PM therapeutics (pharmaceuticals, genomic medicine, and medical devices), personalised medical care (telemedicine, health information technology, and disease management), and personalised nutrition and wellness (retail nutrition, complementary medicine, and alternative medicine) are the different products available in the market.

Oncology, CNS, immunology, and respiratory, among others are the significant applications of the product in the market.

The major players in the industry are Illumina Inc., GE Healthcare, Pfizer Inc., Asuragen Incorporated, Novartis AG, Abbott Laboratories, among others.

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2017-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Technology
  • Application
  • Product
  • Region
Breakup by Technology
  • Big Data Analytics
  • Bioinformatics
  • Gene Sequencing
  • Drug Discovery
  • Companion Diagnostics
  • Others
Breakup by Application
  • Oncology
  • CNS
  • Immunology
  • Respiratory
  • Others
Breakup by Product
  • PM Diagnostics
  • PM Therapeutics
  • Personalised Medical Care
  • Personalised Nutrition and Wellness
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Illumina Inc.
  • GE Healthcare
  • Pfizer Inc.
  • Novartis AG
  • Abbott Laboratories
  • Asuragen Inc.
  • Others
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30 North Gould Street, Sheridan, WY 82801

+1-415-325-5166

63 Fiona Drive, Tamworth, NSW

+61-448-061-727

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63-287-899-028, +63-967-048-3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84-865-399-124