Precision Diagnostics Market Analysis and Forecast to 2032: By Type (Genetic Tests, Esoteric Tests, Others), Application (Oncology, Imunology, Cardiovascular, Others), End-user (Clinical Laboratories, Hospitals, Homecare, Others), and Region

The Precision Diagnostics market size was USD 45.6 Billion in 2022 and is anticipated to reach USD 120.5 Billion in 2032, growing at a rate of 10.2% from 2023 to 2032

recision diagnostics is a medical term used to describe the accurate identification of a disease or condition. It usually involves the use of sophisticated technology, such as DNA sequencing, to obtain a detailed understanding of the patients illness.

Key Trends

Precision medicine is an emerging field of healthcare that is tailored to the individual patient. It takes into account the persons unique genetic makeup, lifestyle, and environment. Precision medicine is also sometimes called personalized medicine or individualized medicine.

Precision medicine is still in its early stages, but it is already having an impact on healthcare. For example, genetic testing is becoming more common. This testing can help doctors choose the right treatments for their patients.

The use of precision medicine is expected to grow in the coming years. This growth will be driven by advances in technology and our understanding of genetics.

Key Drivers

Precision medicine has the potential to revolutionize the healthcare industry by providing more personalized and effective treatments for patients. However, the success of precision medicine depends on the ability to accurately diagnose patients and identify the right treatments.

Precision diagnostics are essential for the success of precision medicine. They are used to identify the specific genetic or molecular cause of a disease, which is essential for choosing the right treatment. Precision diagnostics can also be used to monitor the response to treatment and identify early signs of disease progression.

The key drivers of the precision diagnostics market include the increasing prevalence of chronic diseases, the growing demand for personalized medicine, and the need for early diagnosis of diseases. The rising cost of healthcare is also a key driver of the market, as precision diagnostics can help reduce the overall cost of treatment.

Restraints & Challenges

The key restraints and challenges in the precision diagnostics market include the high cost of precision medicine, lack of awareness among patients and physicians, and the lack of reimbursement for precision medicine tests.

The high cost of precision medicine is a major barrier to its adoption. Precision medicine tests can cost thousands of dollars, and the cost of treatment can be even higher. This is a major financial barrier for patients and physicians.

Lack of awareness is another major challenge facing the precision diagnostics market. Many patients and physicians are not aware of the potential benefits of precision medicine. They may not be aware of the tests available or how to interpret the results.

The lack of reimbursement is also a major challenge. Many insurance companies do not cover precision medicine tests. This can make it difficult for patients to access these tests.

Market Segmentation

The Precision Diagnostics Market is segmented by type, application, end-user, and region. Based on type, the precision diagnostics market is segmented into genetic tests, esoteric tests, and others. Based on application, the market is classified into oncology, immunology, cardiovascular, and others. Based on end user, the precision diagnostics market is segmented into clinical laboratories, hospitals, homecare, and others. By region, the market is segmented into North America, Europe, Asia-Pacific, and rest of the world.

Key Players

The key players in the Precision Diagnostics Market are Quest Diagnostics Incorporated, QIAGEN, Swiss Precision Diagnostics GmbH, Koninklijke Philips N.V., Lantheus Medical Imaging, Inc., Siemens Healthineers AG, Abbott, Novartis AG, Sanofi, and Bayer AG.

Why GIS?

Table of Contents

Chapter 1. Precision Diagnostics Market Overview
1.1. Objectives of the Study
1.2. Market Definition and Research & Scope
1.3. Research Limitations
1.4. Research Methodologies
1.4.1. Secondary Research
1.4.2. Market Size Estimation Technique
1.4.3. Forecasting
1.4.4. Primary Research and Data Validation

Chapter 2. Executive Summary
2.1. Summary
2.2. Key Highlights of the Market

Chapter 3. Premium Insights on the Market
3.1. Market Attractiveness Analysis, By Region
3.2. Market Attractiveness Analysis, By Type
3.3. Market Attractiveness Analysis, By Application
3.4. Market Attractiveness Analysis, By End-user

Chapter 4. Precision Diagnostics Market Outlook
4.1. Precision Diagnostics Market Segmentation
4.2. Market Dynamics
4.2.1. Market Drivers
4.2.1.1. Driver 1
4.2.1.2. Driver 2
4.2.1.3. Driver 3
4.2.2. Market Restraints
4.2.2.1. Restraint 1
4.2.2.2. Restraint 2
4.2.3. Market Opportunities
4.2.3.1. Opportunity 1
4.2.3.2. Opportunity 2
4.3. Porter’s Five Forces Analysis
4.3.1. Threat of New Entrants
4.3.2. Threat of Substitutes
4.3.3. Bargaining Power of Buyers
4.3.4. Bargaining Power of Supplier
4.3.5. Competitive Rivalry
4.4. PESTLE Analysis
4.5. Value Chain Analysis
4.5.1. Raw Material Suppliers
4.5.2. Manufacturers
4.5.3. Wholesalers and/or Retailers
4.6. Impact of COVID-19 on the Market
4.7. Impact of the Russia and Ukraine War on the Precision Diagnostics Market
4.8. Case Study Analysis
4.9. Pricing Analysis

Chapter 5. Precision Diagnostics Market, By Type
5.1. Market Overview
5.2. Genetic Test
5.2.1. Market Size and Forecast, 2022-2032 ($Million)
5.2.2. Market Size and Forecast, By Region, 2022-2032 ($Million)
5.3. Esoteric Test
5.3.1. Market Size and Forecast, 2022-2032 ($Million)
5.3.2. Market Size and Forecast, By Region, 2022-2032 ($Million)
5.4. Others
5.4.1. Market Size and Forecast, 2022-2032 ($Million)
5.4.2. Market Size and Forecast, By Region, 2022-2032 ($Million)

Chapter 6. Precision Diagnostics Market, By Application
6.1. Market Overview
6.2. Oncology
6.2.1. Market Size and Forecast, 2022-2032 ($Million)
6.2.2. Market Size and Forecast, By Region, 2022-2032 ($Million)
6.3. Cardiovascular
6.3.1. Market Size and Forecast, 2022-2032 ($Million)
6.3.2. Market Size and Forecast, By Region, 2022-2032 ($Million)
6.4. Immunology
6.4.1. Market Size and Forecast, 2022-2032 ($Million)
6.4.2. Market Size and Forecast, By Region, 2022-2032 ($Million)
6.5. Others
6.5.1. Market Size and Forecast, 2022-2032 ($Million)
6.5.2. Market Size and Forecast, By Region, 2022-2032 ($Million)

Chapter 7. Precision Diagnostics Market, By End-user
7.1. Market Overview
7.2. Clinical Laboratories
7.2.1. Market Size and Forecast, 2022-2032 ($Million)
7.2.2. Market Size and Forecast, By Region, 2022-2032 ($Million)
7.3. Hospitals
7.3.1. Market Size and Forecast, 2022-2032 ($Million)
7.3.2. Market Size and Forecast, By Region, 2022-2032 ($Million)
7.4. Homecare
7.4.1. Market Size and Forecast, 2022-2032 ($Million)
7.4.2. Market Size and Forecast, By Region, 2022-2032 ($Million)

Chapter 8. Precision Diagnostics Market, By Region
8.1. Overview
8.2. North America
8.2.1. Key Market Trends and Opportunities
8.2.2. North America Precision Diagnostics Market Size and Forecast By Country, 2022-2032, ($Million)
8.2.3. North America Precision Diagnostics Market, Size and Forecast By Type, 2022-2032, ($Million)
8.2.4. North America Precision Diagnostics Market Size and Forecast By Application, 2022-2032, ($Million)
8.2.5. North America Precision Diagnostics Market, Size and Forecast By End-user, 2022-2032, ($Million)
8.2.6. The U.S.
8.2.6.1. The U.S. Precision Diagnostics Market, Size and Forecast By Type, 2022-2032, ($Million)
8.2.6.2. The U.S. Precision Diagnostics Market, Size and Forecast By Application, 2022-2032, ($Million)
8.2.6.3. The U.S. Precision Diagnostics Market, Size and Forecast By End-user 2022-2032, ($Million)
8.2.7. Canada
8.2.7.1. Canada Precision Diagnostics Market Size and Forecast By Type, 2022-2032, ($Million)
8.2.7.2. Canada Precision Diagnostics Market Size and Forecast By Application, 2022-2032, ($Million)
8.2.7.3. Canada Precision Diagnostics Market Size and Forecast By End-user, 2022-2032, ($Million)
8.2.8. Mexico
8.2.8.1. Mexico Precision Diagnostics Market Size and Forecast By Type, 2022-2032, ($Million)
8.2.8.2. Mexico Precision Diagnostics Market Size and Forecast By Application, 2022-2032, ($Million)
8.2.8.3. Mexico Precision Diagnostics Market Size and Forecast By End-user 2022-2032, ($Million)
8.3. Europe
8.3.1. Key Market Trends and Opportunities
8.3.2. Europe Precision Diagnostics Market Size and Forecast By Country, 2022-2032, ($Million)
8.3.3. Europe Precision Diagnostics Market Size and Forecast By Type, 2022-2032, ($Million)
8.3.4. Europe Precision Diagnostics Market Size and Forecast By Application, 2022-2032, ($Million)
8.3.5. Europe Precision Diagnostics Market, Size and Forecast By End-user, 2022-2032, ($Million)
8.3.6. The U.K.
8.3.6.1. The U.K. Precision Diagnostics Market Size and Forecast By Type, 2022-2032, ($Million)
8.3.6.2. The U.K. Precision Diagnostics Market Size and Forecast By Application, 2022-2032, ($Million)
8.3.6.3. The U.K. Precision Diagnostics Market, Size and Forecast By End-user, 2022-2032, ($Million)
8.3.7. Germany
8.3.7.1. Germany Precision Diagnostics Market Size and Forecast By Type, 2022-2032, ($Million)
8.3.7.2. Germany Precision Diagnostics Market, Size and Forecast By Application, 2022-2032, ($Million)
8.3.7.3. Germany Precision Diagnostics Market, Size and Forecast By End-user, 2022-2032, ($Million)
8.3.8. France
8.3.8.1. France Precision Diagnostics Market, Size and Forecast By Type, 2022-2032, ($Million)
8.3.8.2. France Precision Diagnostics Market Size and Forecast By Application, 2022-2032, ($Million)
8.3.8.3. France Precision Diagnostics Market Size and Forecast By End-user, 2022-2032, ($Million)
8.3.9. Spain
8.3.9.1. Spain Precision Diagnostics Market, Size and Forecast By Type, 2022-2032, ($Million)
8.3.9.2. Spain Precision Diagnostics Market, Size and Forecast By Application, 2022-2032, ($Million)
8.3.9.3. Spain Precision Diagnostics Market Size and Forecast By End-user, 2022-2032, ($Million)
8.3.10. Italy
8.3.10.1. Italy Precision Diagnostics Market, Size and Forecast By Type, 2022-2032, ($Million)
8.3.10.2. Italy Precision Diagnostics Market Size and Forecast By Application, 2022-2032, ($Million)
8.3.10.3. Italy Precision Diagnostics Market Size and Forecast By End-user, 2022-2032, ($Million)
8.3.11. Netherlands
8.3.11.1. Netherlands Precision Diagnostics Market Size and Forecast By Type, 2022-2032, ($Million)
8.3.11.2. Netherlands Precision Diagnostics Market, Size and Forecast By Application, 2022-2032, ($Million)
8.3.11.3. Netherlands Precision Diagnostics Market, Size and Forecast By End-user, 2022-2032, ($Million)
8.3.12. Sweden
8.3.12.1. Sweden Precision Diagnostics Market Size and Forecast By Type, 2022-2032, ($Million)
8.3.12.2. Sweden Precision Diagnostics Market Size and Forecast By Application, 2022-2032, ($Million)
8.3.12.3. Sweden Unmanned Underwater Vehicles (UUV) Market Size and Forecast By End-user, 2022-2032, ($Million)
8.3.13. Switzerland
8.3.13.1. Switzerland Precision Diagnostics Market Size and Forecast By Type, 2022-2032, ($Million)
8.3.13.2. Switzerland Precision Diagnostics Market, Size and Forecast By Application, 2022-2032, ($Million)
8.3.13.3. Switzerland Precision Diagnostics Market Size and Forecast By End-user, 2022-2032, ($Million)
8.3.14. Denmark
8.3.14.1. Denmark Precision Diagnostics Market Size and Forecast By Type, 2022-2032, ($Million)
8.3.14.2. Denmark Precision Diagnostics Market Size and Forecast By Application, 2022-2032, ($Million)
8.3.14.3. Denmark Precision Diagnostics Market Size and Forecast By End-user, 2022-2032, ($Million)
8.3.15. Finland
8.3.15.1. Finland Precision Diagnostics Market Size and Forecast By Type, 2022-2032, ($Million)
8.3.15.2. Finland Precision Diagnostics Market, Size and Forecast By Application, 2022-2032, ($Million)
8.3.15.3. Finland Precision Diagnostics Market Size and Forecast By End-user, 2022-2032, ($Million)
8.3.16. Russia
8.3.16.1. Russia Precision Diagnostics Market Size and Forecast By Type, 2022-2032, ($Million)
8.3.16.2. Russia Precision Diagnostics Market, Size and Forecast By Application, 2022-2032, ($Million)
8.3.16.3. Russia Precision Diagnostics Market Size and Forecast By End-user, 2022-2032, ($Million)
8.3.17. Rest of Europe
8.3.17.1. Rest of Europe Precision Diagnostics Market, Size and Forecast By Type, 2022-2032, ($Million)
8.3.17.2. Rest of Europe Precision Diagnostics Market Size and Forecast By Application, 2022-2032, ($Million)
8.3.17.3. Rest of Europe Precision Diagnostics Market Size and Forecast By End-user, 2022-2032, ($Million)
8.4. Asia-Pacific
8.4.1. Key Market Trends and Opportunities
8.4.2. Asia-Pacific Unmanned Precision Diagnostics Market Size and Forecast By Country, 2022-2032, ($Million)
8.4.3. Asia-Pacific Precision Diagnostics Market Size and Forecast By Type, 2022-2032, ($Million)
8.4.4. Asia-Pacific Precision Diagnostics Market, Size and Forecast By Application, 2022-2032, ($Million)
8.4.5. Asia-Pacific Precision Diagnostics Market Size and Forecast By End-user, 2022-2032, ($Million)
8.4.6. China
8.4.6.1. China Precision Diagnostics Market Size and Forecast By Type, 2022-2032, ($Million)
8.4.6.2. China Precision Diagnostics Market Size and Forecast By Application, 2022-2032, ($Million)
8.4.6.3. China Precision Diagnostics Market Size and Forecast By End-user, 2022-2032, ($Million)
8.4.7. India
8.4.7.1. India Precision Diagnostics Market, Size and Forecast By Type, 2022-2032, ($Million)
8.4.7.2. India Precision Diagnostics Market Size and Forecast By Application, 2022-2032, ($Million)
8.4.7.3. India Precision Diagnostics Market, Size and Forecast By End-user, 2022-2032, ($Million)
8.4.8. Japan
8.4.8.1. Japan Precision Diagnostics Market Size and Forecast By Type, 2022-2032, ($Million)
8.4.8.2. Japan Precision Diagnostics Market Size and Forecast By Application, 2022-2032, ($Million)
8.4.8.3. Japan Precision Diagnostics Market, Size and Forecast By End-user, 2022-2032, ($Million)
8.4.9. South Korea
8.4.9.1. South Korea Precision Diagnostics Market, Size and Forecast By Type, 2022-2032, ($Million)
8.4.9.2. South Korea Precision Diagnostics Market Size and Forecast By Application, 2022-2032, ($Million)
8.4.9.3. South Korea Precision Diagnostics Market, Size and Forecast By End-user, 2022-2032, ($Million)
8.4.10. Australia
8.4.10.1. Australia Precision Diagnostics Market Size and Forecast By Type, 2022-2032, ($Million)
8.4.10.2. Australia Precision Diagnostics Market Size and Forecast By Application, 2022-2032, ($Million)
8.4.10.3. Australia Precision Diagnostics Market Size and Forecast By End-user, 2022-2032, ($Million)
8.4.11. Singapore
8.4.11.1. Singapore Precision Diagnostics Market Size and Forecast By Type, 2022-2032, ($Million)
8.4.11.2. Singapore Precision Diagnostics Market Size and Forecast By Application, 2022-2032, ($Million)
8.4.11.3. Singapore Precision Diagnostics Market Size and Forecast By End-user, 2022-2032, ($Million)
8.4.12. Indonesia
8.4.12.1. Indonesia Precision Diagnostics Market Size and Forecast By Type, 2022-2032, ($Million)
8.4.12.2. Indonesia Precision Diagnostics Market Size and Forecast By Application, 2022-2032, ($Million)
8.4.12.3. Indonesia Precision Diagnostics Market Size and Forecast By End-user, 2022-2032, ($Million)
8.4.13. Taiwan
8.4.13.1. Taiwan Precision Diagnostics Market Size and Forecast By Type, 2022-2032, ($Million)
8.4.13.2. Taiwan Precision Diagnostics Market, Size and Forecast By Application, 2022-2032, ($Million)
8.4.13.3. Taiwan Precision Diagnostics Market, Size and Forecast By End-user, 2022-2032, ($Million)
8.4.14. Malaysia
8.4.14.1. Malaysia Precision Diagnostics Market Size and Forecast By Type, 2022-2032, ($Million)
8.4.14.2. Malaysia Precision Diagnostics Market Size and Forecast By Application, 2022-2032, ($Million)
8.4.14.3. Malaysia Precision Diagnostics Market Size and Forecast By End-user, 2022-2032, ($Million)
8.4.15. Rest of APAC
8.4.15.1. Rest of APAC Precision Diagnostics Market Size and Forecast By Type, 2022-2032, ($Million)
8.4.15.2. Rest of APAC Precision Diagnostics Market Size and Forecast By Application, 2022-2032, ($Million)
8.4.15.3. Rest of APAC Precision Diagnostics Market Size and Forecast By End-user, 2022-2032, ($Million)
8.5. Rest of The World
8.5.1. Key Market Trends and Opportunities
8.5.2. Rest of The World Precision Diagnostics Market Size and Forecast By Country, 2022-2032, ($Million)
8.5.3. Rest of The World Precision Diagnostics Market Size and Forecast By Type, 2022-2032, ($Million)
8.5.4. Rest of The World Precision Diagnostics Market, Size and Forecast By Application, 2022-2032, ($Million) Precision Diagnostics Market, Size and Forecast By End-user, 2022-2032, ($Million)
8.5.5. Latin America
8.5.5.1. Latin America Precision Diagnostics Market Size and Forecast By Type, 2022-2032, ($Million)
8.5.5.2. Latin America Precision Diagnostics Market Size and Forecast By Application, 2022-2032, ($Million)
8.5.5.3. Latin America Precision Diagnostics Market Size and Forecast By End-user, 2022-2032, ($Million)
8.5.6. Middle East
8.5.6.1. Middle East Precision Diagnostics Market Size and Forecast By Type, 2022-2032, ($Million)
8.5.6.2. Middle East Precision Diagnostics Market Size and Forecast By Application, 2022-2032, ($Million)
8.5.6.3. Middle East Precision Diagnostics Market Size and Forecast By End-user, 2022-2032, ($Million)
8.5.7. Africa
8.5.7.1. Africa Unmanned Precision Diagnostics Market Size and Forecast By Type, 2022-2032, ($Million)
8.5.7.2. Africa Precision Diagnostics Market Size and Forecast By Application, 2022-2032, ($Million)
8.5.7.3. Africa Precision Diagnostics Market Size and Forecast By End-user, 2022-2032, ($Million)

Chapter 9. Competitive Landscape
9.1. Market Overview
9.2. Market Share Analysis/Key Player Positioning
9.3. Developmental Strategy Benchmarking
9.3.1. New Product Development
9.3.2. Product Launches
9.3.3. Business Expansions
9.3.4. Partnerships, Joint Ventures, And Collaborations
9.3.5. Mergers And Acquisitions

Chapter 10. Company Profiles
10.1. Quest Diagnostics Incorporated
10.1.1. Company Snapshot
10.1.2. Financial Performance
10.1.3. Product Offerings
10.1.4. Key Strategic Initiatives
10.1.5. SWOT Analysis
10.2. QIAGEN
10.2.1. Company Snapshot
10.2.2. Financial Performance
10.2.3. Product Offerings
10.2.4. Key Strategic Initiatives
10.2.5. SWOT Analysis
10.3. Swiss Precision Diagnostics GmbH
10.3.1. Company Snapshot
10.3.2. Financial Performance
10.3.3. Product Offerings
10.3.4. Key Strategic Initiatives
10.3.5. SWOT Analysis
10.4. Koninklijke Philips N.V.
10.4.1. Company Snapshot
10.4.2. Financial Performance
10.4.3. Product Offerings
10.4.4. Key Strategic Initiatives
10.4.5. SWOT Analysis
10.5. Lantheus Medical Imaging, Inc.
10.5.1. Company Snapshot
10.5.2. Financial Performance
10.5.3. Product Offerings
10.5.4. Key Strategic Initiatives
10.5.5. SWOT Analysis
10.6. Siemens Healthineers AG
10.6.1. Company Snapshot
10.6.2. Financial Performance
10.6.3. Product Offerings
10.6.4. Key Strategic Initiatives
10.6.5. SWOT Analysis
10.7. Abbott
10.7.1. Company Snapshot
10.7.2. Financial Performance
10.7.3. Product Offerings
10.7.4. Key Strategic Initiatives
10.7.5. SWOT Analysis
10.8. Novartis AG
10.8.1. Company Snapshot
10.8.2. Financial Performance
10.8.3. Product Offerings
10.8.4. Key Strategic Initiatives
10.8.5. SWOT Analysis
10.9. Sanofi
10.9.1. Company Snapshot
10.9.2. Financial Performance
10.9.3. Product Offerings
10.9.4. Key Strategic Initiatives
10.9.5. SWOT Analysis
10.10. Bayer AG
10.10.1. Company Snapshot
10.10.2. Financial Performance
10.10.3. Product Offerings
10.10.4. Key Strategic Initiatives
10.10.5. SWOT Analysis
*The List of Company Is Subject To Change During The Final Compilation of The Report

Market Segmentation

By Type

  • Genetic Tests
  • Esoteric Tests
  • Others

By Application

  • Oncology
  • Cardiovascular
  • Immunology
  • Others

By End-User

  • Clinical Laboratories
  • Hospitals
  • Homecare

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • The UK
    • Germany
    • France
    • Spain
    • Italy
    • Netherlands
    • Sweden
    • Switzerland
    • Denmark
    • Finland
    • Russia
    • Rest of Europe
  • The Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Singapore
    • Indonesia
    • Taiwan
    • Malaysia
    • Rest of Asia-Pacific
  • Rest of the World
    • Latin America
    • The Middle East
    • Africa

Order this Report

Have questions about the scope of the report ?

Have specific requirements ?

Budget Constraints ?

Related Reports

Intracardiac echocardiography (ICE) is a medical imaging technique…
The global anatomic pathology market size was USD…
The Women Health and Beauty Supplements market size…
Local anesthesia is a form of medication that…
Onco-nutrition is the study of how diet and…
Disinfection Cap are a type of medical device…
Atrial fibrillation (AF) is a type of arrhythmia…
Computer-Aided Detection (CAD) is a software technology used…
Human augmentation is the use of technology to…
The Automatic Pill Dispenser Market was valued at…