PUBLISHER: Visiongain | PRODUCT CODE: 1790694
PUBLISHER: Visiongain | PRODUCT CODE: 1790694
The global Precision Medicine market is projected to grow at a CAGR of 15.1% by 2035
The Precision Medicine Market Report 2025-2035 (Including Impact of U.S. Trade Tariffs): This report will prove invaluable to leading firms striving for new revenue pockets if they wish to better understand the industry and its underlying dynamics. It will be useful for companies that would like to expand into different industries or to expand their existing operations in a new region.
The Increasing Adoption of Targeted Therapies is Driving Market Growth
The growing focus on treatments customised to each patient's unique characteristics is driving substantial growth in the precision medicine market, supported by the demand for more effective, personalised therapies with fewer adverse effects. With increasing cases of cancer, rare genetic disorders, and chronic diseases, biomarker-based therapies and companion diagnostics are proving highly impactful. This has led to greater investment from pharma companies and research institutions in developing treatments tailored to individual genetic profiles.
For instance, on November 27, 2024, the European Commission granted approval for Novartis' Kisqali to treat a broader population of patients with hormone receptor-positive (HR+), HER2-negative early-stage breast cancer who face a high risk of recurrence. These approvals highlight the rising focus on genetically guided treatments, set to transform the precision medicine landscape by enhancing survival rates and patient outcomes. With ongoing advances in genomic sequencing, AI-driven analytics, and liquid biopsy technologies, the demand for targeted therapies is expected to grow rapidly, solidifying precision medicine as a key pillar of future healthcare.
Lack of Interoperability Across Healthcare Data Systems Is Likely to Hinder Market Growth
One of the key barriers to realizing the full potential of precision medicine is the lack of interoperability across healthcare data systems. Precision medicine depends on the seamless integration of genomic data, electronic health records (EHRs), real-world evidence, and biomarker insights but fragmented data sources hinder this process. Without standardized frameworks for data sharing, clinicians, researchers, and pharma companies face difficulties in accessing and utilizing patient-specific information effectively.
For instance, genomic data from sequencing platforms often don't align with hospital EHR systems, limiting physicians' ability to make informed treatment decisions. Patients receiving care from multiple providers may also experience fragmented records, reducing the effectiveness of personalized therapies. This data disconnect extends to pharmaceutical R&D, where incomplete datasets slow down biomarker discovery and clinical trials. Overcoming these challenges calls for standardized data exchange protocols, AI-powered integration tools, and stronger collaboration among healthcare providers, tech developers, and regulators to drive progress in precision medicine.
What would be the Impact of the U.S. Trade Tariffs on the Global Precision Medicine Market?
The impact of the U.S. trade tariffs extends beyond production to the accessibility and affordability of precision medicine solutions for patients. As manufacturers pass increased costs down the supply chain, hospitals and clinics may be forced to charge more for advanced genomic tests, targeted therapies, and personalised diagnostics services that are already relatively expensive. This price inflation risks widening the healthcare gap, making precision medicine even less accessible in underfunded or rural healthcare systems, both in the U.S. and abroad. In countries that rely heavily on the U.S.-based technologies or partnerships, these disruptions could delay the adoption of new medical innovations, particularly those tailored to specific genetic or regional population needs.
The precision medicine market thrives on global collaboration among researchers, data scientists, and clinicians across borders, who often share genomic datasets, clinical trial resources, and AI-based diagnostic tools. Trade tensions and tariffs can create a ripple effect, weakening international research alliances and data-sharing efforts due to increased compliance barriers, licensing issues, or protectionist policies.
What Questions Should You Ask before Buying a Market Research Report?
You need to discover how this will impact the precision medicine market today, and over the next 10 years:
Segments Covered in the Report
In addition to the revenue predictions for the overall world market and segments, you will also find revenue forecasts for five regional and 25 leading national markets:
The report also includes profiles and for some of the leading companies in the Precision Medicine Market, 2025 to 2035, with a focus on this segment of these companies' operations.
Overall world revenue for Precision Medicine Market, 2025 to 2035 in terms of value the market will surpass US$150 billion in 2025, our work calculates. We predict strong revenue growth through to 2035. Our work identifies which organizations hold the greatest potential. Discover their capabilities, progress, and commercial prospects, helping you stay ahead.