Global Precision Medicine Software
Market Report
2025
The global Precision Medicine Software market will be USD 2.0 billion in 2024. It will show the strongest growth, with a compound annual growth rate (CAGR) of 11.5%% from 2024 to 2031. This growth can be attributed to increasing government funding for precision medicine initiatives.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Precision Medicine Software market size will be USD 2.0 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 11.5% from 2024 to 2031.
2021 | 2025 | 2033 | CAGR | |
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Global Precision Medicine Software Market Sales Revenue | 121212 | 121212 | 121212 | 11.5% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Application |
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Market Split by End User |
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Market Split by Delivery Mode |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Precision Medicine Software Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The precision medicine market is expected to have exponential growth, which is driven by rapid development in genomic research, biotechnology, data analytics, etc. With the increasing prevalence of chronic diseases such as cancer and cardiovascular conditions, it has been observed that there is a rise in demand for personalized treatment plans that precision medicine offers. Precision medicine is based on a novel idea that states that two persons infected with the same disease do not have to respond to the sickness in the same way physically. Precision medicine has several benefits, including effective therapy that is tailored to the patient's requirements and illness category. Furthermore, precision medicine has the potential to lower treatment costs and minimize pharmaceutical administration.
High cost of precision medicine and reimbursement policy shortages are likely to restrain the market growth. Utilization of high-end calculation methodology and sophisticated computational methods imposes different kinds of cost on the treatment process, thus making precision medicine costly. Aside from this, continued progress in the computational methods and innovation within the genetic technology aids to analyze the functional implications of genetic alterations that ultimately lead to cancer formation. Therefore, genetic diagnosis methodology projected to propel the expansion of precision medicine exponentially particularly in the cancer therapy segment.
Precision medicine examines the genes and proteins within the patient' body in order to design the individualized treatment accordingly to treat the specific disease. With major breakthroughs like single nucleotide polymorphism and microarray/biochips in precision medicine, the market anticipated to see a boom in the future years. Human genome research is the future of precision medicine and holds huge potential to turn around the medical treatment on individual patients by knowing their genetics, molecular profiles, and clinical features and developing proper treatment to treat the disease. The above-stated factors estimated to bloom the demand for precision medicine in the near future. Additionally, the increasing incidence of cancer is anticipated to drive demand for precision medicine for individualized therapeutics and diagnostics, which enhance the market growth.
For Instance, As per WHO, approximately 1 out of every 5 individuals develop cancer during a lifetime, and roughly 1 out of every 12 women and 1 out of every 9 men die of cancer each year.
(Source: https://www.who.int/news/item/01-02-2024-global-cancer-burden-growing--amidst-mounting-need-for-services )
Genomics advances have revolutionized clinical diagnosis & personalized medicine. Advances like next-generation sequencing (NGS) and high-density microarray enable the rapid analysis of large genomic data, facilitating rapid investigation of disease genetics.
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In May 2024, OM1 unveils three new products: OM1 Orion, OM1 Lyra, and OM1 Polaris, all powered by PhenOMTM—an artificial intelligence-driven digital phenotyping platform for personalized medicine and clinical research. OM1, a frontrunner in delivering Real-World Evidence (RWE) insights from laboratory to patient care, harnesses advanced predictive and generative AI platforms along with comprehensive clinical data to empower stakeholders in the healthcare industry. (Source: https://www.skyquestt.com/report/precision-medicine-market/market-news)
Top Companies Market Share in Precision Medicine Software Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. North America emerged as the dominant region in the Precision Medicine Software market due to the degree of awareness regarding precision medicine, which is very high, and the emphasis on the ever-increasing need to provide patients with individualized cancer treatments favors the growth of the market.
Asia-Pacific stands out as the fastest-growing region in the Precision Medicine Software market due to the presence of an extensive and culturally diverse population in the region, which presents promising opportunities for organ-specific targeted treatment based on the individual's gene-environment profile. Global competitors, such as China and India, are increasingly investing in healthcare needs and research, contributing to the development of genomic sequencing and bioinformatics.
The current report Scope analyzes Precision Medicine Software Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Precision Medicine Software Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Precision Medicine Software Industry growth. Precision Medicine Software market has been segmented with the help of its Application, End User Delivery Mode, and others. Precision Medicine Software market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to cognitive market research, Oncology is the dominant category. A large share of this segment can be recognized due to the growing occurrence of cancer, rising funding in cancer research, capable applications of precision medicine in oncology research, and better investments by government organizations in precision medicine software.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Precision Medicine Software Industry. Request a Free Sample PDF!
Market segmentation by End User is another crucial element in understanding the dynamics of the Precision Medicine Software industry. Applications refer to the specific uses or end-user industries that drive demand for the Precision Medicine Software products or services. These can vary widely, depending on the nature of the market, ranging from healthcare, manufacturing, and retail to more specialized sectors like aerospace, automotive, and telecommunications. By breaking down the market according to its applications, businesses can gain insight into which industries are adopting Precision Medicine Software-related solutions most effectively, and where new opportunities are emerging.
Moreover, analyzing application trends helps in recognizing which industries are growing faster, where innovations are occurring, and which markets are saturated, allowing businesses to strategically position themselves in the most promising areas of the market. Get in touch with us to receive industry-specific insights tailored to your needs
Some of the key End User of Precision Medicine Software are:
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Research associate at Cognitive Market Research
Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
Swasti an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
In her current role, Swasti manages research for service and software category, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With an expertise in market research analysis, She is adept at dissecting complex problems, extracting meaningful insights, and translating them into actionable recommendations, Swasti remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Precision Medicine Software Market is witnessing significant growth in the near future.
In 2023, the Oncology segment accounted for noticeable share of global Precision Medicine Software Market and is projected to experience significant growth in the near future.
The Healthcare Providers segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Illumina , Thermo Fisher Scientific Inc. (US) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
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Application | Oncology, Pharmacogenomics, Rare Diseases, Other Applications (neurodegenerative diseases, genetic testing, and carrier screening testing) |
End User | Healthcare Providers, Research Centers and Academic Institutes, Pharmaceutical and Biotechnology Companies, Other End Users (non-profit organizations and diagnostic companies) |
Delivery Mode | On-premise Delivery Mode, Cloud-based Delivery Mode |
List of Competitors | Illumina, Inc. (US), Thermo Fisher Scientific Inc. (US), Novartis AG (Switzerland), Abbott Laboratories (US), Agilent Technologies (US), Almac Group (Northern Ireland), Amgen Inc. (US), Astellas Pharma Inc. (Japan), AstraZeneca PLC (United Kingdom), Bio-Rad Laboratories, Inc. (US), Bristol-Myers Squibb Company (US), Danaher Corporation (US), F. Hoffmann-La Roche Ltd. (Switzerland), GE Healthcare (US), Intomics A/S (Denmark), Merck & Co., Inc. (US), Myriad Genetics, Inc. (US), Pfizer Inc. (US), Qiagen NV (Germany), Quest Diagnostics (US) |
This chapter will help you gain GLOBAL Market Analysis of Precision Medicine Software. Further deep in this chapter, you will be able to review Global Precision Medicine Software Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Precision Medicine Software. Further deep in this chapter, you will be able to review North America Precision Medicine Software Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Precision Medicine Software. Further deep in this chapter, you will be able to review Europe Precision Medicine Software Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Precision Medicine Software. Further deep in this chapter, you will be able to review Asia Pacific Precision Medicine Software Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Precision Medicine Software. Further deep in this chapter, you will be able to review South America Precision Medicine Software Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Precision Medicine Software. Further deep in this chapter, you will be able to review Middle East Precision Medicine Software Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Precision Medicine Software. Further deep in this chapter, you will be able to review Middle East Precision Medicine Software Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Precision Medicine Software. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Application Analysis 2019 -2031, will provide market size split by Application. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Application Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by End User Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by Delivery Mode Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Precision Medicine Software market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 14 Research Methodology and Sources
Why Oncology have a significant impact on Precision Medicine Software market? |
What are the key factors affecting the Oncology and Pharmacogenomics of Precision Medicine Software Market? |
What is the CAGR/Growth Rate of Healthcare Providers during the forecast period? |
By type, which segment accounted for largest share of the global Precision Medicine Software Market? |
Which region is expected to dominate the global Precision Medicine Software Market within the forecast period? |