U.S. Precision Medicine Market Size to Cross USD 75.44 Bn by 2033

The U.S. precision medicine market size is poised to grow by USD 75.44 billion by 2033 from USD 24.84 billion in 2023, exhibiting a CAGR of 11.80% during the forecast period 2024 to 2033. 

Key Takeaways

• By technology, the drug discovery segment held the dominating share of the market in 2023.
• By application, the oncology segment dominated the U.S. precision medicine market in 2023.
• By end-use, the pharmaceutical company segment held the largest share of the market in 2023.
• By sequencing technology, the single molecule real-time sequencing segment is expected to dominate the market over the forecast period.
• By product, the consumables segment held the largest share of the market in 2023.
• By route of administration, the oral segment held the largest share of the market in 2023.
• By drugs, the Mepolizumab segment is observed to witness significant growth during the forecast period.

Precedence Research has conducted a comprehensive market study that provides valuable insights into the performance of the market during the forecast period. The study identifies significant trends that are shaping the growth of the U.S. precision medicine market. In this recently published report, essential dynamics such as drivers, restraints, and opportunities are highlighted for both established market players and emerging participants involved in production and supply.

To begin with, the U.S. precision medicine Market report features an executive summary that offers a concise overview of the marketplace. It outlines the key players and industry categories expected to have an impact on the market in the coming years. The executive summary provides an unbiased summary of the market.

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U.S. Precision Medicine Market Scope

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The empirical study on the global U.S. precision medicine market primarily focuses on the drivers in subsequent sections. It demonstrates how changing demographics are projected to influence the supply and demand dynamics in the U.S. precision medicine Market. Our market report for the U.S. precision medicine market also delves into the significant rules and regulations that are likely to impact the future growth of this sector. Moreover, in order to comprehend the underlying demand factors, industry experts have provided insights into its fundamental origins.

U.S. Precision Medicine Market Players

• Biocrates Life Sciences
• Quest Diagnostics
• NanoString Technologies
• Pfizer
• AbbVie Inc.
• AstraZeneca
• Johnson & Johnson Services, Inc
• Thermo Fisher Scientific, Inc.
• Illumina, Inc.
• ARIEL Precision Medicine, Inc.

Data Sources and Methodology

To gather comprehensive insights on the Global U.S. precision medicine Market, we relied on a range of data sources and followed a well-defined methodology. Our approach involved interactions with industry experts and key stakeholders across the market’s value chain, including management organizations, processing organizations, and analytics service providers.

We followed a rigorous data analysis process to ensure the quality and credibility of our research. The gathered information was carefully evaluated, and relevant quantitative data was subjected to statistical analysis. By employing robust analytical techniques, we were able to derive meaningful insights and present a comprehensive overview of the Global U.S. precision medicine Market.

The most resonating, simple, genuine, and important causes because of which you must decide to buy the U.S. precision medicine market report exclusively from precedence research

• The research report has been meticulously crafted to provide comprehensive knowledge on essential marketing strategies and a holistic understanding of crucial marketing plans spanning the forecasted period from 2023 to 2032.

Key Features of the Report:

• Comprehensive Coverage: The report extensively encompasses a detailed explanation of highly effective analytical marketing methods applicable to companies across all industry sectors.
• Decision-Making Enhancement: It outlines a concise overview of the decision-making process while highlighting key techniques to enhance it, ensuring favorable business outcomes in the future.
• Articulated R&D Approach: The report presents a well-defined approach to conducting research and development (R&D) activities, enabling accurate data acquisition on current and future marketing conditions.

Market Segmentation:

Reasons to Consider Purchasing the Report:

• Enhance your market research capabilities by accessing this comprehensive and precise report on the global U.S. precision medicine market.
• Gain a thorough understanding of the overall market landscape and be prepared to overcome challenges while ensuring robust growth.
• Benefit from in-depth research and analysis of the latest trends shaping the global U.S. precision medicine market.
• Obtain detailed insights into evolving market trends, current and future technologies, and strategic approaches employed by key players in the global U.S. precision medicine market.
• Receive valuable recommendations and guidance for both new entrants and established players seeking further market expansion.
• Discover not only the cutting-edge technological advancements in the global U.S. precision medicine market but also the strategic plans of industry leaders.

Table of Content

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics

5.1.1. Market Drivers

5.1.2. Market Restraints

5.1.3. Market Opportunities

5.2. Porter’s Five Forces Analysis

5.2.1. Bargaining power of suppliers

5.2.2. Bargaining power of buyers

5.2.3. Threat of substitute

5.2.4. Threat of new entrants

5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis

6.1.2. Key Strategies Adopted by Players

6.1.3. Vendor Landscape

6.1.3.1. List of Suppliers

6.1.3.2. List of Buyers

Chapter 7. Global U.S. Precision Medicine Market, By Technology

7.1. U.S. Precision Medicine Market Revenue and Volume, by Technology, 2024-2033

7.1.1. Bioinformatics

7.1.1.1. Market Revenue and Volume Forecast (2021-2033)

7.1.2. Big Data Analytics

7.1.2.1. Market Revenue and Volume Forecast (2021-2033)

7.1.3. Drug Discovery

7.1.3.1. Market Revenue and Volume Forecast (2021-2033)

7.1.4. Gene Sequencing

7.1.4.1. Market Revenue and Volume Forecast (2021-2033)

7.1.5. Companion Diagnostics

7.1.6.1. Market Revenue and Volume Forecast (2021-2033)

7.1.6. Others

7.1.5.1. Market Revenue and Volume Forecast (2021-2033)

Chapter 8. Global U.S. Precision Medicine Market, By Application

8.1. U.S. Precision Medicine Market Revenue and Volume, by Application, 2024-2033

8.1.1. CNS

8.1.1.1. Market Revenue and Volume Forecast (2021-2033)

8.1.2. Immunology

8.1.2.1. Market Revenue and Volume Forecast (2021-2033)

8.1.3. Oncology

8.1.3.1. Market Revenue and Volume Forecast (2021-2033)

8.1.4. Respiratory

8.1.4.1. Market Revenue and Volume Forecast (2021-2033)

8.1.5. Others

8.1.5.1. Market Revenue and Volume Forecast (2021-2033)

Chapter 9. Global U.S. Precision Medicine Market, By End-Use

9.1. U.S. Precision Medicine Market Revenue and Volume, by End-Use, 2024-2033

9.1.1. Diagnostic Companies

9.1.1.1. Market Revenue and Volume Forecast (2021-2033)

9.1.2. Pharmaceutical Companies

9.1.2.1. Market Revenue and Volume Forecast (2021-2033)

9.1.3. Healthcare IT companies

9.1.3.1. Market Revenue and Volume Forecast (2021-2033)

9.1.4. Others

9.1.4.1. Market Revenue and Volume Forecast (2021-2033)

Chapter 10. Global U.S. Precision Medicine Market, By Sequencing Technology

10.1. U.S. Precision Medicine Market Revenue and Volume, by Sequencing Technology, 2024-2033

10.1.1. Sequencing by Synthesis

10.1.1.1. Market Revenue and Volume Forecast (2021-2033)

10.1.2. Ion Semiconductor Sequencing

10.1.2.1. Market Revenue and Volume Forecast (2021-2033)

10.1.3. Sequencing by Ligation

10.1.3.1. Market Revenue and Volume Forecast (2021-2033)

10.1.4. Pyrosequencing

10.1.4.1. Market Revenue and Volume Forecast (2021-2033)

10.1.5. Single Molecule Real Time Sequencing

10.1.5.1. Market Revenue and Volume Forecast (2021-2033)

10.1.6. Chain Termination Sequencing

10.1.6.1. Market Revenue and Volume Forecast (2021-2033)

10.1.7. Nanopore Sequencing

10.1.7.1. Market Revenue and Volume Forecast (2021-2033)

Chapter 11. Global U.S. Precision Medicine Market, By Product

11.1. U.S. Precision Medicine Market Revenue and Volume, by Product, 2024-2033

11.1.1. Consumables

11.1.1.1. Market Revenue and Volume Forecast (2021-2033)

11.1.2. Instruments

11.1.2.1. Market Revenue and Volume Forecast (2021-2033)

11.1.3. Services

11.1.3.1. Market Revenue and Volume Forecast (2021-2033)

Chapter 12. Global U.S. Precision Medicine Market, By Route of Administration

12.1. U.S. Precision Medicine Market Revenue and Volume, by Route of Administration, 2024-2033

12.1.1. Oral

12.1.1.1. Market Revenue and Volume Forecast (2021-2033)

12.1.2. Injectable

12.1.2.1. Market Revenue and Volume Forecast (2021-2033)

Chapter 13. Global U.S. Precision Medicine Market, By Drugs

13.1. U.S. Precision Medicine Market Revenue and Volume, by Drugs, 2024-2033

13.1.1. Alectinib

13.1.1.1. Market Revenue and Volume Forecast (2021-2033)

13.1.2. Osimertinib

13.1.2.1. Market Revenue and Volume Forecast (2021-2033)

13.1.3. Mepolizumab

13.1.3.1. Market Revenue and Volume Forecast (2021-2033)

13.1.4. Aripiprazole Lauroxil

13.1.4.1. Market Revenue and Volume Forecast (2021-2033)

13.1.5. Others

13.1.5.1. Market Revenue and Volume Forecast (2021-2033)

Chapter 14. Global U.S. Precision Medicine Market, Regional Estimates and Trend Forecast

14.1. U.S.

14.1.1. Market Revenue and Volume Forecast, by Technology (2021-2033)

14.1.2. Market Revenue and Volume Forecast, by Application (2021-2033)

14.1.3. Market Revenue and Volume Forecast, by End-Use (2021-2033)

14.1.4. Market Revenue and Volume Forecast, by Sequencing Technology (2021-2033)

14.1.5. Market Revenue and Volume Forecast, by Product (2021-2033)

14.1.6. Market Revenue and Volume Forecast, by Drugs (2021-2033)

14.1.7. Market Revenue and Volume Forecast, by Route of Administration (2021-2033)

Chapter 15. Company Profiles

15.1. Biocrates Life Sciences

15.1.1. Company Overview

15.1.2. Product Offerings

15.1.3. Financial Performance

15.1.4. Recent Initiatives

15.2. Quest Diagnostics

15.2.1. Company Overview

15.2.2. Product Offerings

15.2.3. Financial Performance

15.2.4. Recent Initiatives

15.3. NanoString Technologies

15.3.1. Company Overview

15.3.2. Product Offerings

15.3.3. Financial Performance

15.3.4. Recent Initiatives

15.4. Pfizer

15.4.1. Company Overview

15.4.2. Product Offerings

15.4.3. Financial Performance

15.4.4. Recent Initiatives

15.5. AbbVie Inc.

15.5.1. Company Overview

15.5.2. Product Offerings

15.5.3. Financial Performance

15.5.4. Recent Initiatives

15.6. AstraZeneca

15.6.1. Company Overview

15.6.2. Product Offerings

15.6.3. Financial Performance

15.6.4. Recent Initiatives

15.7. Johnson & Johnson Services, Inc

15.7.1. Company Overview

15.7.2. Product Offerings

15.7.3. Financial Performance

15.7.4. Recent Initiatives

15.8. Thermo Fisher Scientific, Inc.

15.8.1. Company Overview

15.8.2. Product Offerings

15.8.3. Financial Performance

15.8.4. Recent Initiatives

15.9. Illumina, Inc.

15.9.1. Company Overview

15.9.2. Product Offerings

15.9.3. Financial Performance

15.9.4. Recent Initiatives

15.10. ARIEL Precision Medicine, Inc.

15.10.1. Company Overview

15.10.2. Product Offerings

15.10.3. Financial Performance

15.10.4. Recent Initiatives

Chapter 16. Research Methodology

16.1. Primary Research

16.2. Secondary Research

16.3. Assumptions

Chapter 17. Appendix

17.1. About Us

17.2. Glossary of Terms

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