Global Precision Diagnostics Market Size study, by Type (Genetic Tests, Esoteric Tests, Others) by Application (Oncology, Cardiovascular, Neurology, Others) by End User (Hospitals, Clinical Laboratories, Homecare) and Regional Forecasts 2022-2032

Description

List of Tables

Global Precision Diagnostics Market is valued approximately USD 75.85 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 13.10% over the forecast period 2024-2032. Precision diagnostics refers to a field of medical diagnostics that utilizes advanced technologies to precisely identify the specific cause or nature of a patient's disease. This approach tailors diagnostic techniques to the individual characteristics of each patient, often incorporating genetic, molecular, and cellular analysis to achieve a more accurate diagnosis. The goal is to enable more personalized and effective treatment plans, improving patient outcomes. The growing integration of Artificial Intelligence (AI) is driving the expansion of the global precision diagnostics market. AI enhances diagnostic accuracy and efficiency by enabling advanced data analysis, predictive modeling, and personalized treatment plans. This innovation accelerates early disease detection and improves patient outcomes, fueling market growth and transforming healthcare practices worldwide.

The increasing incidence of chronic diseases such as cancer, cardiovascular diseases, and diabetes drives the demand for precision diagnostics. Early detection and personalized treatment plans are crucial in managing these conditions effectively. Also, precision diagnostics play a critical role in personalized medicine, which tailors treatment plans to individual genetic profiles. This approach enhances treatment efficacy and reduces adverse effects, thereby increasing the demand for precision diagnostics. Additionally, increased awareness among healthcare professionals and patients about the benefits of precision diagnostics is driving market growth. This includes better disease management, improved patient outcomes, and cost savings in the long run. However, the stringent regulatory requirements, and lack of standardization are expected to hinder the Global Precision Diagnostics Market growth during the forecast period 2024-2032.

The key regions considered for the Global Precision Diagnostics Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, North America was the dominating region in terms of revenue. This dominance is due to the increasing partnerships between government and private organizations. Additionally, a robust healthcare infrastructure will facilitate regional growth. Neuberg Diagnostics Private Limited, a significant player in this region, plans to broaden its domestic and international reach by creating new incubation centers across the country and in Europe to leverage novel technologies and solutions in personalized medicine. In July 2021, the company also opened a new pathology lab in Telangana, India. Comparable initiatives by other market players in the region will significantly enhance the regional outlook in the. Whereas, the Asia Pacific is expected to be the fastest growing region during the forecast period 2024-2032.

Major market player included in this report are:

Abbott Laboratories
F. Hoffmann-La Roche Ltd.
Siemens Healthineers AG
Thermo Fisher Scientific Inc.
bioMerieux SA
Becton, Dickinson and Company
Danaher Corporation
QIAGEN N.V.
Hologic Inc.
Agilent Technologies Inc.

The detailed segments and sub-segment of the market are explained below:

By Type

Genetic Tests
Esoteric Tests
Others

By Application

Oncology
Cardiovascular
Neurology
Others

By End User

Hospitals
Clinical Laboratories
Homecare

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market

Chapter 1. Global Precision Diagnostics Market Definition and Research Assumptions

1.1. Research Objective
1.2. Market Definition
1.3. Research Assumptions
- 1.3.1. Inclusion & Exclusion
- 1.3.2. Limitations
- 1.3.3. Supply Side Analysis
  - 1.3.3.1. Availability
  - 1.3.3.2. Infrastructure
  - 1.3.3.3. Regulatory Environment
  - 1.3.3.4. Market Competition
  - 1.3.3.5. Economic Viability (Consumer's Perspective)
- 1.3.4. Demand Side Analysis
  - 1.3.4.1. Regulatory frameworks
  - 1.3.4.2. Technological Advancements
  - 1.3.4.3. Environmental Considerations
  - 1.3.4.4. Consumer Awareness & Acceptance
1.4. Estimation Methodology
1.5. Years Considered for the Study
1.6. Currency Conversion Rates

Chapter 2. Executive Summary

2.1. Global Precision Diagnostics Market Size & Forecast (2022- 2032)
2.2. Regional Summary
2.3. Segmental Summary
- 2.3.1. By Type
- 2.3.2. By Application
- 2.3.3. By End User
2.4. Key Trends
2.5. Recession Impact
2.6. Analyst Recommendation & Conclusion

Chapter 3. Global Precision Diagnostics Market Dynamics

3.1. Market Drivers
3.2. Market Challenges
3.3. Market Opportunities

Chapter 4. Global Precision Diagnostics Market: Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economic
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Precision Diagnostics Market Size & Forecasts by Type 2022-2032

5.1. Genetic Tests
5.2. Esoteric Tests
5.3. Others

Chapter 6. Global Precision Diagnostics Market Size & Forecasts by Application 2022-2032

6.1. Oncology
6.2. Cardiovascular
6.3. Neurology
6.4. Others

Chapter 7. Global Precision Diagnostics Market Size & Forecasts by End User 2022-2032

7.1. Hospitals
7.2. Clinical Laboratories
7.3. Homecare

Chapter 8. Global Precision Diagnostics Market Size & Forecasts by Region 2022-2032

8.1. North America Precision Diagnostics Market
- 8.1.1. U.S. Precision Diagnostics Market
  - 8.1.1.1. Type breakdown size & forecasts, 2022-2032
  - 8.1.1.2. Application breakdown size & forecasts, 2022-2032
  - 8.1.1.3. End User breakdown size & forecasts, 2022-2032
- 8.1.2. Canada Precision Diagnostics Market
8.2. Europe Precision Diagnostics Market
- 8.2.1. U.K. Precision Diagnostics Market
- 8.2.2. Germany Precision Diagnostics Market
- 8.2.3. France Precision Diagnostics Market
- 8.2.4. Spain Precision Diagnostics Market
- 8.2.5. Italy Precision Diagnostics Market
- 8.2.6. Rest of Europe Precision Diagnostics Market
8.3. Asia-Pacific Precision Diagnostics Market
- 8.3.1. China Precision Diagnostics Market
- 8.3.2. India Precision Diagnostics Market
- 8.3.3. Japan Precision Diagnostics Market
- 8.3.4. Australia Precision Diagnostics Market
- 8.3.5. South Korea Precision Diagnostics Market
- 8.3.6. Rest of Asia Pacific Precision Diagnostics Market
8.4. Latin America Precision Diagnostics Market
- 8.4.1. Brazil Precision Diagnostics Market
- 8.4.2. Mexico Precision Diagnostics Market
- 8.4.3. Rest of Latin America Precision Diagnostics Market
8.5. Middle East & Africa Precision Diagnostics Market
- 8.5.1. Saudi Arabia Precision Diagnostics Market
- 8.5.2. South Africa Precision Diagnostics Market
- 8.5.3. Rest of Middle East & Africa Precision Diagnostics Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. Abbott Laboratories
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Market Strategies
- 9.3.2. F. Hoffmann-La Roche Ltd.
- 9.3.3. Siemens Healthineers AG
- 9.3.4. Thermo Fisher Scientific Inc.
- 9.3.5. bioMerieux SA
- 9.3.6. Becton, Dickinson and Company
- 9.3.7. Danaher Corporation
- 9.3.8. QIAGEN N.V.
- 9.3.9. Hologic Inc.
- 9.3.10. Agilent Technologies Inc.

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes

LIST OF TABLES

TABLE 1. Global Precision Diagnostics market, report scope
TABLE 2. Global Precision Diagnostics market estimates & forecasts by Region 2022-2032 (USD Billion)
TABLE 3. Global Precision Diagnostics market estimates & forecasts by Type 2022-2032 (USD Billion)
TABLE 4. Global Precision Diagnostics market estimates & forecasts by Application 2022-2032 (USD Billion)
TABLE 5. Global Precision Diagnostics market estimates & forecasts by End User 2022-2032 (USD Billion)
TABLE 6. Global Precision Diagnostics market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 7. Global Precision Diagnostics market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 8. Global Precision Diagnostics market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 9. Global Precision Diagnostics market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 10. Global Precision Diagnostics market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 11. Global Precision Diagnostics market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 12. Global Precision Diagnostics market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 13. Global Precision Diagnostics market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 14. Global Precision Diagnostics market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 15. Global Precision Diagnostics market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 16. U.S. Precision Diagnostics market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 17. U.S. Precision Diagnostics market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 18. U.S. Precision Diagnostics market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 19. Canada Precision Diagnostics market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 20. Canada Precision Diagnostics market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 21. Canada Precision Diagnostics market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 22. UK Precision Diagnostics market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 23. UK Precision Diagnostics market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 24. UK Precision Diagnostics market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 25. Germany Precision Diagnostics market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 26. Germany Precision Diagnostics market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 27. Germany Precision Diagnostics market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 28. France Precision Diagnostics market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 29. France Precision Diagnostics market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 30. France Precision Diagnostics market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 31. Italy Precision Diagnostics market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 32. Italy Precision Diagnostics market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 33. Italy Precision Diagnostics market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 34. Spain Precision Diagnostics market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 35. Spain Precision Diagnostics market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 36. Spain Precision Diagnostics market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 37. RoE Precision Diagnostics market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 38. RoE Precision Diagnostics market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 39. RoE Precision Diagnostics market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 40. China Precision Diagnostics market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 41. China Precision Diagnostics market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 42. China Precision Diagnostics market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 43. India Precision Diagnostics market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 44. India Precision Diagnostics market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 45. India Precision Diagnostics market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 46. Japan Precision Diagnostics market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 47. Japan Precision Diagnostics market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 48. Japan Precision Diagnostics market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 49. Australia Precision Diagnostics market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 50. Australia Precision Diagnostics market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 51. Australia Precision Diagnostics market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 52. South Korea Precision Diagnostics market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 53. South Korea Precision Diagnostics market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 54. South Korea Precision Diagnostics market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 55.
TABLE 56. RoAPAC Precision Diagnostics market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 57. RoAPAC Precision Diagnostics market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 58. RoAPAC Precision Diagnostics market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 59. Brazil Precision Diagnostics market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 60. Brazil Precision Diagnostics market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 61. Brazil Precision Diagnostics market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 62. Mexico Precision Diagnostics market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 63. Mexico Precision Diagnostics market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 64. Mexico Precision Diagnostics market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 65. RoLA Precision Diagnostics market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 66. RoLA Precision Diagnostics market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 67. RoLA Precision Diagnostics market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 68. Saudi Arabia Precision Diagnostics market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 69. Saudi Arabia Precision Diagnostics market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 70. Saudi Arabia Precision Diagnostics market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 71. South Africa Precision Diagnostics market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 72.
TABLE 73. South Africa Precision Diagnostics market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 74. South Africa Precision Diagnostics market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 75. RoMEA Precision Diagnostics market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 76. RoMEA Precision Diagnostics market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 77. RoMEA Precision Diagnostics market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 78. List of secondary sources, used in the study of Global Precision Diagnostics Market.
TABLE 79. List of primary sources, used in the study of Global Precision Diagnostics Market.
TABLE 80. Years considered for the study.
TABLE 81. Exchange rates considered.

LIST OF FIGURES

FIG 1. Global Precision Diagnostics market, research methodology
FIG 2. Global Precision Diagnostics market, market estimation techniques
FIG 3. Global market size estimates & forecast methods.
FIG 4. Global Precision Diagnostics market, key trends 2023
FIG 5. Global Precision Diagnostics market, growth prospects 2022-2032
FIG 6. Global Precision Diagnostics market, porters 5 force model
FIG 7. Global Precision Diagnostics market, pestel analysis
FIG 8. Global Precision Diagnostics market, value chain analysis
FIG 9. Global Precision Diagnostics market by segment, 2022 & 2032 (USD Billion)
FIG 10. Global Precision Diagnostics market by segment, 2022 & 2032 (USD Billion)
FIG 11. Global Precision Diagnostics market by segment, 2022 & 2032 (USD Billion)
FIG 12. Global Precision Diagnostics market by segment, 2022 & 2032 (USD Billion)
FIG 13. Global Precision Diagnostics market by segment, 2022 & 2032 (USD Billion)
FIG 14. Global Precision Diagnostics market, regional snapshot 2022 & 2032
FIG 15. North America Precision Diagnostics market 2022 & 2032 (USD Billion)
FIG 16. Europe Precision Diagnostics market 2022 & 2032 (USD Billion)
FIG 17. Asia pacific Precision Diagnostics market 2022 & 2032 (USD Billion)
FIG 18. Latin America Precision Diagnostics market 2022 & 2032 (USD Billion)
FIG 19. Middle East & Africa Precision Diagnostics market 2022 & 2032 (USD Billion)
FIG 20. Global Precision Diagnostics market, company market share analysis (2023)