Precision Diagnostics Market, By Product, By Technology, By Application, By Indication, By Geography

Description

The precision diagnostics market is estimated to be valued at USD 84.54 Bn in 2024 and is expected to reach USD 196.45 Bn by 2031, growing at a compound annual growth rate (CAGR) of 12.8% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2023/2024:	US$ 84.54 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 to 2031
Forecast Period 2023/2024 to 2030/2031 CAGR:	12.80%	2030/2031 Value Projection:	US$ 196.45 Bn

Precision Diagnostics Market Share (%), By Region, 2024

Precision diagnostics refers to techniques that enable early and accurate disease detection, determination of disease prognosis, and selection of optimal therapy for patients. These methods utilize molecular analysis techniques, such as genomics, proteomics, and metabolomics, to analyze biological samples at a high resolution. Advancements in precision diagnostics are driven by growing applications of next-generation sequencing and the development of assays for comprehensive genomic profiling. The rising demand for personalized healthcare has accelerated the penetration of precision diagnostics technologies in clinical settings. With greater focus on prevention and early detection of disease, the precision diagnostics market is poised for significant growth.

Market Dynamics:

The precision diagnostics market is driven by the rising incidence of cancer and other chronic diseases, increasing demand for personalized medicine, and declining sequencing costs. Furthermore, growing applications of companion diagnostics for targeted cancer therapy and development of non-invasive prenatal testing modalities are expanding the scope of precision diagnostics. However, lack of skilled workforce and need for specialized infrastructure for molecular diagnostic techniques remain key challenges. On the positive side, ongoing R&D for novel multiplex assays, advancement of single-cell analysis, and collaboration between pharmaceutical companies and diagnostic vendors are opening promising opportunities.

Key Features of the Study:

This report provides an in-depth analysis of the global precision diagnostics market, and provides market size (US$ Billion) and Compound Annual Growth Rate (CAGR %) for the forecast period (2024-2031), considering 2023 as the base year.
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global precision diagnostics market based on the following parameters such as company highlights, products portfolio, key highlights, financial performance, and strategies.
The key companies covered as a part of this study include SomaLogic, Ezra, Egnite, PrecisionLife, HALO Precision Diagnostics, Danaher Corporation, QuidelOrtho Corporation, Precision Diagnostics, Koninklijke Philips N.V., Swiss Precision Diagnostics GmbH, Precision Diagnostic Laboratory, Abbott, Cepheid, Hologic, Inc. , Precision Medicine Group, LLC., Thermo Fisher Scientific, and Illumina, Inc.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
The global precision diagnostics market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global precision diagnostics market.

Detailed Segmentation:

Product:
- Kits & Assays
- Consumables
Technology:
- Next-Generation Sequencing
- Polymerase Chain Reaction
- Mass Spectrometry
- Others
Application:
- Accurate Diagnosis
- Personalized Treatment
- Early Detection and Intervention
- Others
Indication:
- Oncology
- Cardiovascular
- Immunology
- Neurology
- Infectious Diseases
- Others
Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
Company Profiles:
- SomaLogic
- Ezra
- Egnite
- PrecisionLife
- HALO Precision Diagnostics
- Danaher Corporation
- QuidelOrtho Corporation
- Precision Diagnostics
- Koninklijke Philips N.V.,
- Swiss Precision Diagnostics GmbH
- Precision Diagnostic Laboratory
- Abbott
- Cepheid
- Hologic, Inc.
- Precision Medicine Group, LLC.
- Thermo Fisher Scientific
- Illumina, Inc.

Product Code: CMI6749

1. Research Objectives and Assumptions

Research Objectives
Assumptions

2. Market Overview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snapshot, By Product
- Market Snapshot, By Technology
- Market Snapshot, By Application
- Market Snapshot, By Indication
- Market Snapshot, By Region
- Market Scenario - Conservative, Likely, Opportunistic
Market Opportunity Map

3. Market Dynamics

Market Dynamics
- Drivers
- Restraints
- Opportunities
Impact Analysis
Pest Analysis
Porters Analysis
Technological Advancements
Merger, Acquisition and Collaboration Scenario
Recent Product Approvals
Regulatory Scenario
Pricing Analysis
COVID-19 Impact Analysis
Healthcare Spending, by Country
Manufacturing Capacities

4. Global Precision Diagnostics Market, By Product, 2019 - 2031 (US$ Billion)

Introduction
- Market Share (%) Analysis, 2024, 2027 & 2031
- Market Y-o-Y Growth Comparison (%), 2019 - 2031
- Segment Trends
Kits & Assays, 2019 - 2031(US$ Billion)
- Introduction
- Market Size and Forecast, 2019 - 2031, (US$ Billion)
Consumables, 2019 - 2031(US$ Billion)
- Introduction
- Market Size and Forecast, 2019 - 2031, (US$ Billion)

5. Global Precision Diagnostics Market, By Technology, 2019 - 2031 (US$ Billion)

Introduction
- Market Share (%) Analysis, 2024, 2027 & 2031
- Market Y-o-Y Growth Comparison (%), 2019 - 2031
- Segment Trends
Next-Generation Sequencing, 2019 - 2031(US$ Billion)
- Introduction
- Market Size and Forecast, 2019 - 2031, (US$ Billion)
Polymerase Chain Reaction, 2019 - 2031(US$ Billion)
- Introduction
- Market Size and Forecast, 2019 - 2031, (US$ Billion)
Mass Spectrometry, 2019 - 2031(US$ Billion)
- Introduction
- Market Size and Forecast, 2019 - 2031, (US$ Billion)
Others, 2019 - 2031(US$ Billion)
- Introduction
- Market Size and Forecast, 2019 - 2031, (US$ Billion)

6. Global Precision Diagnostics Market, By Application, 2019 - 2031 (US$ Billion)

Introduction
- Market Share (%) Analysis, 2024, 2027 & 2031
- Market Y-o-Y Growth Comparison (%), 2019 - 2031
- Segment Trends
Accurate Diagnosis, 2019 - 2031(US$ Billion)
- Introduction
- Market Size and Forecast, 2019 - 2031, (US$ Billion)
Personalized Treatment, 2019 - 2031(US$ Billion)
- Introduction
- Market Size and Forecast, 2019 - 2031, (US$ Billion)
Early Detection and Intervention, 2019 - 2031(US$ Billion)
- Introduction
- Market Size and Forecast, 2019 - 2031, (US$ Billion)
Others, 2019 - 2031(US$ Billion)
- Introduction
- Market Size and Forecast, 2019 - 2031, (US$ Billion)

7. Global Precision Diagnostics Market, By Indication, 2019 - 2031 (US$ Billion)

Introduction
- Market Share (%) Analysis, 2024, 2027 & 2031
- Market Y-o-Y Growth Comparison (%), 2019 - 2031
- Segment Trends
Oncology, 2019 - 2031(US$ Billion)
- Introduction
- Market Size and Forecast, 2019 - 2031, (US$ Billion)
Cardiovascular, 2019 - 2031(US$ Billion)
- Introduction
- Market Size and Forecast, 2019 - 2031, (US$ Billion)
Immunology, 2019 - 2031(US$ Billion)
- Introduction
- Market Size and Forecast, 2019 - 2031, (US$ Billion)
Neurology, 2019 - 2031(US$ Billion)
- Introduction
- Market Size and Forecast, 2019 - 2031, (US$ Billion)
Infectious Diseases, 2019 - 2031(US$ Billion)
- Introduction
- Market Size and Forecast, 2019 - 2031, (US$ Billion)
Others, 2019 - 2031(US$ Billion)
- Introduction
- Market Size and Forecast, 2019 - 2031, (US$ Billion)

8. Global Precision Diagnostics Market, By Region, 2019 - 2031 (US$ Billion)

Introduction
- Market Share (%) Analysis, 2024, 2027 & 2031, (US$ Billion)
- Market Y-o-Y Growth Comparison (%), 2024 - 2031, (US$ Billion)
- Regional Trends
North America
- Introduction
- Market Size and Forecast, By Product, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Technology, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Indication, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Billion)
U.S.
Canada
Europe
- Introduction
- Market Size and Forecast, By Product, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Technology, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Indication, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Billion)
U.K.
Germany
Italy
France
Spain
Russia
Rest Of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, By Product, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Technology, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Indication, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Billion)
China
India
Japan
Australia
South Korea
Asean
Rest Of Asia Pacific
Latin America
- Introduction
- Market Size and Forecast, By Product, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Technology, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Indication, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Billion)
Brazil
Mexico
Argentina
Rest of Latin America
Middle East
- Introduction
- Market Size and Forecast, By Product, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Technology, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Indication, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Billion)
GCC
Israel
Rest Of The Middle East
Africa
- Introduction
- Market Size and Forecast, By Product, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Technology, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Indication, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Country/Region, 2019 - 2031, (US$ Billion)
South Africa
North Africa
Central Africa

9. Company Profiles - Global Precision Diagnostics Market

SomaLogic
- Company Overview
- Product/Service Portfolio
- Financial Performance
- Recent Developments/Updates
- Strategic Overview
Ezra
Egnite
PrecisionLife
HALO Precision Diagnostics
Danaher Corporation
QuidelOrtho Corporation
Precision Diagnostics
Koninklijke Philips N.V.,
Swiss Precision Diagnostics GmbH
Precision Diagnostic Laboratory
Abbott
Cepheid
Hologic, Inc.
Precision Medicine Group, LLC.
Thermo Fisher Scientific
Illumina, Inc.

10. References and Research Methodology

References
Research Methodology
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