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Personalized Medicine Global Market Report 2024

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    Report

  • 175 Pages
  • February 2024
  • Region: Global
  • The Business Research Company
  • ID: 5850459
The personalized medicine market size has grown rapidly in recent years. It will grow from $352.73 billion in 2023 to $390.65 billion in 2024 at a compound annual growth rate (CAGR) of 10.8%. The expansion during the historical period can be credited to the emergence of companion diagnostics, the emphasis on patient-centered healthcare, a transformation in drug development approaches, efforts to contain healthcare expenses, and the escalating incidence of chronic illnesses.

The personalized medicine market size is expected to see rapid growth in the next few years. It will grow to $590.51 billion in 2028 at a compound annual growth rate (CAGR) of 10.9%. The anticipated growth in the upcoming period is linked to sustained progress in genomics, the broadening scope of biomarker exploration, increased acceptance of telemedicine, supportive regulatory structures, and collaborative efforts alongside enhanced data sharing. Noteworthy trends expected in this phase encompass the integration of artificial intelligence (AI), advancements in genomic sequencing, refined data amalgamation and analytics, developments in immunotherapy and targeted treatment approaches, the encouragement of patient autonomy for informed choices, and a surge in collaborative alliances and partnerships.

The escalating incidence of rare diseases is anticipated to drive the expansion of the personalized medicine market in the coming years. The heightened prevalence of rare diseases reflects the increasing diagnoses of conditions such as Klinefelter Syndrome, Aarskog Syndrome, Abetalipoproteinemia, and others. The rise in personalized medicine approaches is aimed at delivering more customized treatment solutions for individuals grappling with the surge in rare diseases. As evidenced in March 2021, the Journal of the European Academy of Dermatology and Venereology reported an estimated population prevalence of rare diseases ranging from 3.5% to 5.9%. This translates to approximately 260-440 million individuals affected worldwide. Additionally, Global Genes, a non-profit advocacy organization based in the United States, disclosed in an article that globally, 400 million people are grappling with rare diseases. Consequently, the growing prevalence of rare diseases stands as a key driver behind the burgeoning growth of the personalized medicine market.

The expanding population affected by obesity is anticipated to be a significant driver of the growth in the personalized medicine market in the future. Obesity, characterized by the abnormal or excessive accumulation of fat, poses health risks for individuals. Personalized medicine plays a crucial role in addressing the specific genetic and molecular factors contributing to obesity, enabling tailored and effective interventions. As of March 2022, the World Health Organization (WHO) reported that over 1 billion people worldwide are currently obese, with 650 million being adults, 340 million adolescents, and 39 million children. The WHO projects that by 2025, approximately 167 million adults and children will experience deteriorating health due to being overweight or obese. Consequently, the increasing prevalence of obesity stands as a key factor propelling the growth of the personalized medicine market.

Technological advancements have emerged as a prominent and widely embraced trend within the personalized medicine market. Major players in this sector are proactively integrating new technologies into their operations to fortify their market positioning. A notable example is OM1, a leading US-based healthcare company leveraging real-world data and artificial intelligence (AI) to support healthcare providers. In April 2023, OM1 secured a patent for its groundbreaking AI-powered platform designed to accelerate the field of personalized medicine. This cutting-edge technology harnesses the power of large-scale data analysis to extract meaningful insights pertaining to diagnoses, disease progression, and treatment responses. Its paramount significance lies in delivering customized healthcare inputs, thereby empowering informed decision-making for healthcare providers. Moreover, the platform expedites clinical trials by efficiently identifying suitable candidates, thereby contributing significantly to the progress of personalized medicine within the market.

Major players in the personalized medicine market are strategically concentrating on the introduction of innovative products, exemplified by the launch of real-world data programs geared towards enhancing precision medicine solutions in mental health. Real-world data programs involve the systematic collection and analysis of information derived from routine clinical practices and patient experiences, providing valuable insights to inform healthcare decisions and outcomes. A case in point is Tempus, a US-based technology company specializing in utilizing artificial intelligence for advancing precision medicine. In May 2022, Tempus unveiled Tempus N+, a psychiatric real-world data program that incorporates key features such as collaboration with academic medical institutions, an integrated operating system dedicated to mental health, secure data pipelines, and access to real-world data. Additionally, the program facilitates the expansion of psychiatric care through Electronic Medical Record (EMR) integration and pharmacogenomic testing.


In April 2023, 4D Molecular Therapeutics (4DMT), a clinical-stage gene therapy company based in the United States and dedicated to developing products for both rare and prevalent diseases, acquired the worldwide rights to short-form human complement factor H (sCFH) from Aevitas Therapeutics, Inc. for a sum of $140 million. This strategic acquisition marks a significant milestone in the field of personalized medicine, particularly in the treatment of rare and genetic diseases, with a specific focus on addressing geographic atrophy. By targeting the complement pathway, this acquisition has the potential to yield improvements in patient outcomes. Aevitas Therapeutics, Inc., also based in the United States, is a biopharmaceutical company specializing in the development and commercialization of gene therapies for complement-mediated diseases.

Major companies operating in the personalized medicine market report are Bayer AG, Novartis AG, Thermo Fisher Scientific Inc., GlaxoSmithKline plc, AstraZeneca plc, Abbott Laboratories, Danaher Corporation, Eli Lilly and Company, Decode Genetics Inc., GE HealthCare Technologies Inc., Roche Diagnostics, Genentech Inc., Biogen Inc., Illumina Inc., Qiagen N.V., Exact Sciences Corporation, Myriad Genetics Inc., Verily Life Sciences LLC, Guardant Health Inc., Tempus Labs, Oxford Nanopore Technologies, Foundation Medicine Inc., NanoString Technologies Inc., Exagen Inc., Asuragen Inc., Personal Genome Diagnostics, Precision Biologics Inc., Strata Oncology, Genelex Corp., Guardiome, Invitae Corporation, Color Genomics, Helix OpCo LLC, 10x Genomics Inc., Agena Bioscience Inc., Natera Inc., Becton Dickinson and Company, PerkinElmer Inc., Sophia Genetics, Genomic Vision, Personalis Inc.

North America was the largest region in the personalized medicine market in 2023. Asia-pacific is expected to be the fastest-growing region in the global personalized medicine market during the forecast period. The regions covered in the personalized medicine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the personalized medicine market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary products in personalized medicine comprise personalized medicine diagnostics, personalized medicine therapeutics, personalized medical care, and personalized nutrition and wellness. Personalized medicine diagnostics involves the study of an individual's specific genetic, molecular, and clinical characteristics to inform the diagnosis, treatment, and management of their disease. This approach is utilized in various applications such as disease diagnosis, treatment selection, monitoring treatment response, and clinical trial selection. Personalized medicine finds applications in diverse medical fields including oncology, neurology, blood transfusion safety, diabetes, autoimmune diseases, cardiology, and others. These products are employed in hospitals, diagnostic centers, research and academic institutes, and various healthcare settings.

The personalized medicine market research report is one of a series of new reports that provides personalized medicine market statistics, including personalized medicine industry global market size, regional shares, competitors with a personalized medicine market share, detailed personalized medicine market segments, market trends and opportunities, and any further data you may need to thrive in the personalized medicine industry. This personalized medicine market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The personalized medicine market consists of sales of topical creams, serums, dietary supplements, customized meal plans, nutritional products, and drugs. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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Table of Contents

1. Executive Summary2. Personalized Medicine Market Characteristics3. Personalized Medicine Market Trends and Strategies
4. Personalized Medicine Market - Macro Economic Scenario
4.1. Impact of High Inflation on the Market
4.2. Ukraine-Russia War Impact on the Market
4.3. COVID-19 Impact on the Market
5. Global Personalized Medicine Market Size and Growth
5.1. Global Personalized Medicine Market Drivers and Restraints
5.1.1. Drivers of the Market
5.1.2. Restraints of the Market
5.2. Global Personalized Medicine Historic Market Size and Growth, 2018-2023, Value ($ Billion)
5.3. Global Personalized Medicine Forecast Market Size and Growth, 2023-2028, 2033F, Value ($ Billion)
6. Personalized Medicine Market Segmentation
6.1. Global Personalized Medicine Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Personalized Medicine Diagnostics
  • Personalized Medicine Therapeutics
  • Personalized Medical Care
  • Personalized Nutrition and Wellness
6.2. Global Personalized Medicine Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Oncology
  • Neurology
  • Blood Transfusion Safety
  • Diabetes
  • Autoimmune Diseases
  • Cardiology
  • Other Applications
6.3. Global Personalized Medicine Market, Segmentation by End-use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Hospitals
  • Diagnostic Centers
  • Research and Academic Institutes
  • Other End-Users
7. Personalized Medicine Market Regional and Country Analysis
7.1. Global Personalized Medicine Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Personalized Medicine Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Personalized Medicine Market
8.1. Asia-Pacific Personalized Medicine Market Overview
Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Personalized Medicine Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Personalized Medicine Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Personalized Medicine Market, Segmentation by End-use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Personalized Medicine Market
9.1. China Personalized Medicine Market Overview
9.2. China Personalized Medicine Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Personalized Medicine Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Personalized Medicine Market, Segmentation by End-use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Personalized Medicine Market
10.1. India Personalized Medicine Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Personalized Medicine Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Personalized Medicine Market, Segmentation by End-use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Personalized Medicine Market
11.1. Japan Personalized Medicine Market Overview
11.2. Japan Personalized Medicine Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Personalized Medicine Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Personalized Medicine Market, Segmentation by End-use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Personalized Medicine Market
12.1. Australia Personalized Medicine Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Personalized Medicine Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Personalized Medicine Market, Segmentation by End-use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Personalized Medicine Market
13.1. Indonesia Personalized Medicine Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Personalized Medicine Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Personalized Medicine Market, Segmentation by End-use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Personalized Medicine Market
14.1. South Korea Personalized Medicine Market Overview
14.2. South Korea Personalized Medicine Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Personalized Medicine Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Personalized Medicine Market, Segmentation by End-use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Personalized Medicine Market
15.1. Western Europe Personalized Medicine Market Overview
15.2. Western Europe Personalized Medicine Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Personalized Medicine Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Personalized Medicine Market, Segmentation by End-use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Personalized Medicine Market
16.1. UK Personalized Medicine Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Personalized Medicine Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Personalized Medicine Market, Segmentation by End-use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Personalized Medicine Market
17.1. Germany Personalized Medicine Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Personalized Medicine Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Personalized Medicine Market, Segmentation by End-use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Personalized Medicine Market
18.1. France Personalized Medicine Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Personalized Medicine Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Personalized Medicine Market, Segmentation by End-use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Personalized Medicine Market
19.1. Italy Personalized Medicine Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Personalized Medicine Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Personalized Medicine Market, Segmentation by End-use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Personalized Medicine Market
20.1. Spain Personalized Medicine Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Personalized Medicine Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Personalized Medicine Market, Segmentation by End-use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Personalized Medicine Market
21.1. Eastern Europe Personalized Medicine Market Overview
21.2. Eastern Europe Personalized Medicine Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Personalized Medicine Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Personalized Medicine Market, Segmentation by End-use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Personalized Medicine Market
22.1. Russia Personalized Medicine Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Personalized Medicine Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Personalized Medicine Market, Segmentation by End-use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Personalized Medicine Market
23.1. North America Personalized Medicine Market Overview
23.2. North America Personalized Medicine Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Personalized Medicine Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Personalized Medicine Market, Segmentation by End-use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Personalized Medicine Market
24.1. USA Personalized Medicine Market Overview
24.2. USA Personalized Medicine Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Personalized Medicine Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Personalized Medicine Market, Segmentation by End-use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Personalized Medicine Market
25.1. Canada Personalized Medicine Market Overview
25.2. Canada Personalized Medicine Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Personalized Medicine Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Personalized Medicine Market, Segmentation by End-use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Personalized Medicine Market
26.1. South America Personalized Medicine Market Overview
26.2. South America Personalized Medicine Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Personalized Medicine Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Personalized Medicine Market, Segmentation by End-use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Personalized Medicine Market
27.1. Brazil Personalized Medicine Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Personalized Medicine Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Personalized Medicine Market, Segmentation by End-use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Personalized Medicine Market
28.1. Middle East Personalized Medicine Market Overview
28.2. Middle East Personalized Medicine Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Personalized Medicine Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Personalized Medicine Market, Segmentation by End-use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Personalized Medicine Market
29.1. Africa Personalized Medicine Market Overview
29.2. Africa Personalized Medicine Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Personalized Medicine Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Personalized Medicine Market, Segmentation by End-use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Personalized Medicine Market Competitive Landscape and Company Profiles
30.1. Personalized Medicine Market Competitive Landscape
30.2. Personalized Medicine Market Company Profiles
30.2.1. Bayer AG
30.2.1.1. Overview
30.2.1.2. Products and Services
30.2.1.3. Strategy
30.2.1.4. Financial Performance
30.2.2. Novartis AG
30.2.2.1. Overview
30.2.2.2. Products and Services
30.2.2.3. Strategy
30.2.2.4. Financial Performance
30.2.3. Thermo Fisher Scientific Inc.
30.2.3.1. Overview
30.2.3.2. Products and Services
30.2.3.3. Strategy
30.2.3.4. Financial Performance
30.2.4. GlaxoSmithKline plc
30.2.4.1. Overview
30.2.4.2. Products and Services
30.2.4.3. Strategy
30.2.4.4. Financial Performance
30.2.5. AstraZeneca plc
30.2.5.1. Overview
30.2.5.2. Products and Services
30.2.5.3. Strategy
30.2.5.4. Financial Performance
31. Personalized Medicine Market Other Major and Innovative Companies
31.1. Abbott Laboratories
31.2. Danaher Corporation
31.3. Eli Lilly and Company
31.4. Decode Genetics Inc.
31.5. GE HealthCare Technologies Inc.
31.6. Roche Diagnostics
31.7. Genentech Inc.
31.8. Biogen Inc.
31.9. Illumina Inc.
31.10. Qiagen N.V.
31.11. Exact Sciences Corporation
31.12. Myriad Genetics Inc.
31.13. Verily Life Sciences LLC
31.14. Guardant Health Inc.
31.15. Tempus Labs
32. Global Personalized Medicine Market Competitive Benchmarking33. Global Personalized Medicine Market Competitive Dashboard34. Key Mergers and Acquisitions in the Personalized Medicine Market
35. Personalized Medicine Market Future Outlook and Potential Analysis
35.1 Personalized Medicine Market in 2028 - Countries Offering Most New Opportunities
35.2 Personalized Medicine Market in 2028 - Segments Offering Most New Opportunities
35.3 Personalized Medicine Market in 2028 - Growth Strategies
35.3.1 Market Trend-based Strategies
35.3.2 Competitor Strategies
36. Appendix
36.1. Abbreviations
36.2. Currencies
36.3. Historic and Forecast Inflation Rates
36.4. Research Inquiries
36.5. About the Analyst
36.6. Copyright and Disclaimer

Executive Summary

Personalized Medicine Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on personalized medicine market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
  • Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
  • Report will be updated with the latest data and delivered to you with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for personalized medicine? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of COVID-19 on supply chains and consumption patterns.
  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Report Scope

Markets Covered:
1) By Product: Personalized Medicine Diagnostics; Personalized Medicine Therapeutics; Personalized Medical Care; Personalized Nutrition and Wellness
2) By Application: Oncology; Neurology; Blood Transfusion Safety; Diabetes; Autoimmune Diseases; Cardiology; Other Applications
3) By End-use: Hospitals; Diagnostic Centers; Research and Academic Institutes; Other End-Users

Key Companies Mentioned: Bayer AG; Novartis AG; Thermo Fisher Scientific Inc.; GlaxoSmithKline plc; AstraZeneca plc

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita

Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes

Delivery Format: PDF, Word and Excel Data Dashboard

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Bayer AG
  • Novartis AG
  • Thermo Fisher Scientific Inc.
  • GlaxoSmithKline plc
  • AstraZeneca plc
  • Abbott Laboratories
  • Danaher Corporation
  • Eli Lilly and Company
  • Decode Genetics Inc.
  • GE HealthCare Technologies Inc.
  • Roche Diagnostics
  • Genentech Inc.
  • Biogen Inc.
  • Illumina Inc.
  • Qiagen N.V.
  • Exact Sciences Corporation
  • Myriad Genetics Inc.
  • Verily Life Sciences LLC
  • Guardant Health Inc.
  • Tempus Labs
  • Oxford Nanopore Technologies
  • Foundation Medicine Inc.
  • NanoString Technologies Inc.
  • Exagen Inc.
  • Asuragen Inc.
  • Personal Genome Diagnostics
  • Precision Biologics Inc.
  • Strata Oncology
  • Genelex Corp.
  • Guardiome
  • Invitae Corporation
  • Color Genomics
  • Helix OpCo LLC
  • 10x Genomics Inc.
  • Agena Bioscience Inc.
  • Natera Inc.
  • Becton Dickinson and Company
  • PerkinElmer Inc.
  • Sophia Genetics
  • Genomic Vision
  • Personalis Inc.

Methodology

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