Precision Diagnostics Market by Type (Genetic Tests, Esoteric Tests, Others), by Application (Oncology, Cardiovascular, Neurology, Others), by End User (Hospitals, Clinical Laboratories, Homecare), by By Geography (North America), by Europe (U.K., Germany, France, Italy, Spain, Scandinavia, Rest of Europe), by Asia Pacific (China, Japan, India, Australia, Southeast Asia, Rest of Asia Pacific), by Latin America (Brazil, Mexico, Rest of Latin America), by Middle East & Africa (GCC, South Africa, Rest of Middle East & Africa) Forecast 2024-2032
The Precision Diagnostics Market size was valued at USD 54.05 USD Billion in 2023 and is projected to reach USD 207.64 USD Billion by 2032, exhibiting a CAGR of 21.2 % during the forecast period. Precision Diagnostics involves techniques used in the diagnosis of diseases in a way that is more specific to characterize the diseases at a molecular level. It covers cancer, cardiovascular, and infectious disease, allowing for the formulation of patient-specific management strategies. Precision diagnostics on the other hand is genetic testing, molecular imaging as well as biomarkers. Some of them include high throughput sequencing technologies, some software programs and algorithms, and some advanced imaging techniques. The advantages of precision diagnosis are that helps in early diagnosis of diseases, specify the therapy, and increase the chances of a favorable outcome in the disease. Current developments of the market also show a gradual increase in the use of artificial intelligence and machine learning in diagnostics of diseases to increase the rate of accuracy. The transition toward the adoption of next-generation sequencing (NGS) and liquid biopsy is rapidly changing it and providing real-time insight into the advancement of disease state.
Type:
Application:
End User:
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 21.2% from 2018-2032 |
Segmentation |
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 21.2% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
Secondary Research
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During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
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