Precision Diagnostics Market Value - By Type (Genetic Tests, Esoteric Tests, Others); By Application (Oncology, Cardiovascular, Neurology, Others); By End-user (Hospitals, Clinical laboratories, Homecare); By Region (North America, Asia Pacific, Europe, Latin America, Middle East & Africa); – Global Crises Impact, Growth Analysis, Share Statistics & Forecast Report, 2024-2032

  • ID: 643 |  
  • Published date: June, 2024  |  
  • Report Format: PDF

Recent update: Our research team is keeping a close eye on the potential impact of COVID-19 and other global crises on various industries worldwide, allowing us to stay ahead of the competition.

Global Revenue Statistics

Precision Diagnostics Market value is projected to witness substantial growth in the coming years. According to our research, the market size was valued at more than USD 75.93 Billion in 2023 and is expected to exhibit a CAGR of over 11.7% during the forecast period of 2024-2032. By the end of 2032, the market is expected to reach a valuation of around USD 230 Billion.

Precision Diagnostics Market

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Covid-19 Pandemic Impact on Precision Diagnostics Market

COVID-19 has increased human suffering, weakened the economy, upended the lives of billions of people worldwide, and had a significant impact on the health, economic, environmental, and social domains. According to the World Health Organization (WHO), COVID-19 had infected over 82 million people and killed over 1.8 million as of December 31, 2020. Supply chain (SC) management (SCM) has had significant issues dealing with an unexpected demand for certain products when simultaneous travel and production restrictions have been enforced since the beginning of the global outbreak in March and is still attempting to recover from this. Companies are working to adapt to the new situation and will almost certainly face changes that will last long after the pandemic has passed.

Furthermore, the resilience challenge has been addressed in distinctly different ways by various industries. As resilience leaders, healthcare providers stand out. They used the most comprehensive set of metrics, with 60% of healthcare respondents saying they had regionalized their supply chains and 33% saying they had moved production closer to end markets.

Precision Diagnostics Market Value Insights

Report Coverage


Base Year


Market Size in 2023

USD 75.93 Billion

Forecast Period

2024 to 2032

CAGR (2024 to 2032)


Forecast Year Value, 2032

USD 230 Billion

Historical Data for

2019 to 2023

Segment Covered

By Type, Application, End-user, Regions

Companies Covered

  • Lantheus Holdings Inc.
  • Novartis AG
  • Qiagen N.V.
  • Abbott Laboratories
  • Bayer AG
  • Koninklijke Philips N.V.
  • Quest Diagnostics Incorporated
  • Sanofi
  • Swiss Precision Diagnostics GmbH (Procter & Gamble)


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Research Methodology of Global Precision Diagnostics Market

At Market Value Insights, we have conducted an extensive analysis of the Precision Diagnostics Market, utilizing a 360-degree approach that incorporates both primary and secondary research methods. This comprehensive approach has allowed us to gain a deep understanding of the current market dynamics, including the supply-demand balance, pricing trends, product preferences, customer behaviors, and other key factors.

Our primary research efforts were focused on gathering insights from industry professionals and opinion leaders from around the globe. This helped us to further validate our findings and gain a more well-rounded perspective of the market. To ensure the accuracy and reliability of our data, we employed a variety of market estimation and data validation techniques. Additionally, we have developed a proprietary model for internally generated data that forecasts market growth until 2032

By utilizing these research methods, we are able to provide our clients with a comprehensive understanding of the Precision Diagnostics Market, allowing them to make informed business decisions and stay ahead of the curve.

Regional Analysis: Rising product demand across the North America region

Precision Diagnostics Market Size

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North America region is expected to register XX% share of global Precision Diagnostics Market by 2032 due to the presence of major players in this region and adoption of advanced technologies across the region contribute to the business growth. Moreover, The United States is the most significant country in terms of technology, and industrial advancement in region, accounting for more than half of the North America region.

Asia Pacific Precision Diagnostics Market is projected to attain over XX% CAGR during the forecast period. The growth in the region is attributed to the favorable government regulation and growing industrialization in the region. Furthermore, Presence of growing economies in this region such as China, India etc. are expected to contribute to the growth of the over the forecast period FPC.

Top players in the global Precision Diagnostics Market include

  • Lantheus Holdings Inc.
  • Novartis AG
  • Qiagen N.V.
  • Abbott Laboratories
  • Bayer AG
  • Koninklijke Philips N.V.
  • Quest Diagnostics Incorporated
  • Sanofi
  • Swiss Precision Diagnostics GmbH (Procter & Gamble)

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In-depth analysis of Precision Diagnostics Market along with industry coverage and forecasting for the following segments:

Market Value, By Type

  • Genetic Tests
  • Esoteric Tests
  • Others

Market Value, By Application

  • Oncology
  • Cardiovascular
  • Neurology
  • Others

Market Value, By End-user

  • Hospitals
  • Clinical laboratories
  • Homecare

Market Value, By Region

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East & Africa

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Publisher: Market Value Insights


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