Towards Healthcare
Precision Diagnostics & Medicine Market to Hit USD 412.95 Bn by 2034

Precision Diagnostics & Medicine Market Forecast 2025 to 2034 Key Players, Segments & Regional Insights Revealed

Projections indicate that, precision diagnostics & medicine industry is projected to rise from USD 146.88 billion in 2024 to USD 412.95 billion by 2034, reflecting a CAGR of 10.89% over the next decade. The integration of precision medicine into modern science and the wide acceptance of personalized medical treatments have accelerated the expansion of precision diagnostics and therapeutics.

  • Insight Code: 5976
  • No. of Pages: 150+
  • Format: PDF/PPT/Excel
  • Published: August 2025
  • Report Covered: [Revenue + Volume]
  • Historical Year: 2021-2022
  • Base Year: 2023
  • Estimated Years: 2024-2033

About The Author

Shivani Zoting is a dedicated research analyst specializing in the healthcare industry. With a strong academic foundation, a B.Sc. in Biotechnology and an MBA in Pharmabiotechnology, she brings a unique blend of scientific understanding and market strategy to her research.

Shivani contributes to Towards Healthcare and plays an active role at Precedence Research, where she focuses on delivering in-depth market intelligence, competitive analysis, and trend forecasting across pharmaceuticals, medical devices, digital health, and healthcare services. Her insights support healthcare companies, investors, and policymakers in making data-backed decisions in a highly regulated and rapidly evolving sector.

Additionally, Shivani collaborates with Statifacts, further expanding her healthcare domain reach by engaging in diverse projects across global markets. Her strength lies in transforming complex clinical and commercial data into strategic narratives that help stakeholders navigate the future of healthcare.

FAQ's

The precision diagnostics & medicine market is projected to reach USD 412.95 billion by 2034, growing at a CAGR of 10.89% from 2025 to 2034.

North America is currently leading the precision diagnostics & medicine market due to industrial collaborations, investments in R&D, and expanding applications of cutting-edge technologies.

The precision diagnostics & medicine market includes four segments such as technology, application, product & service, and end user.

The key players in the precision diagnostics & medicine market include Thermo Fisher Scientific Inc., Guardant Health, Illumina Inc., Bio-Rad Laboratories, etc.

Key trends include companion diagnostics, next-generation sequencing, liquid biopsy, polymerase chain reaction, etc.

Ministry of Health and Family Welfare, Government of India, FDA, EMA, etc.