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U.S. Precision Medicine Market Size, Share, and Trends 2024 to 2034

The U.S. precision medicine market size is calculated at USD 58.09 billion in 2025 and is predicted to reach around USD 232.49 billion by 2034, accelerating at a CAGR of 16.66% from 2025 to 2034. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

  • Last Updated : April 2025
  • Report Code : 3722
  • Category : Healthcare

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

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

7.1.1. Bioinformatics

7.1.1.1. Market Revenue and Volume Forecast

7.1.2. Big Data Analytics

7.1.2.1. Market Revenue and Volume Forecast

7.1.3. Drug Discovery

7.1.3.1. Market Revenue and Volume Forecast

7.1.4. Gene Sequencing

7.1.4.1. Market Revenue and Volume Forecast

7.1.5. Companion Diagnostics

7.1.6.1. Market Revenue and Volume Forecast

7.1.6. Others

7.1.5.1. Market Revenue and Volume Forecast

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

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

8.1.1. CNS

8.1.1.1. Market Revenue and Volume Forecast

8.1.2. Immunology

8.1.2.1. Market Revenue and Volume Forecast

8.1.3. Oncology

8.1.3.1. Market Revenue and Volume Forecast

8.1.4. Respiratory

8.1.4.1. Market Revenue and Volume Forecast

8.1.5. Others

8.1.5.1. Market Revenue and Volume Forecast

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

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

9.1.1. Diagnostic Companies

9.1.1.1. Market Revenue and Volume Forecast

9.1.2. Pharmaceutical Companies

9.1.2.1. Market Revenue and Volume Forecast

9.1.3. Healthcare IT companies

9.1.3.1. Market Revenue and Volume Forecast

9.1.4. Others

9.1.4.1. Market Revenue and Volume Forecast

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

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

10.1.1. Sequencing by Synthesis

10.1.1.1. Market Revenue and Volume Forecast

10.1.2. Ion Semiconductor Sequencing

10.1.2.1. Market Revenue and Volume Forecast

10.1.3. Sequencing by Ligation

10.1.3.1. Market Revenue and Volume Forecast

10.1.4. Pyrosequencing

10.1.4.1. Market Revenue and Volume Forecast

10.1.5. Single Molecule Real Time Sequencing

10.1.5.1. Market Revenue and Volume Forecast

10.1.6. Chain Termination Sequencing

10.1.6.1. Market Revenue and Volume Forecast

10.1.7. Nanopore Sequencing

10.1.7.1. Market Revenue and Volume Forecast

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

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

11.1.1. Consumables

11.1.1.1. Market Revenue and Volume Forecast

11.1.2. Instruments

11.1.2.1. Market Revenue and Volume Forecast

11.1.3. Services

11.1.3.1. Market Revenue and Volume Forecast

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

12.1.1. Oral

12.1.1.1. Market Revenue and Volume Forecast

12.1.2. Injectable

12.1.2.1. Market Revenue and Volume Forecast

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

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

13.1.1. Alectinib

13.1.1.1. Market Revenue and Volume Forecast

13.1.2. Osimertinib

13.1.2.1. Market Revenue and Volume Forecast

13.1.3. Mepolizumab

13.1.3.1. Market Revenue and Volume Forecast

13.1.4. Aripiprazole Lauroxil

13.1.4.1. Market Revenue and Volume Forecast

13.1.5. Others

13.1.5.1. Market Revenue and Volume Forecast

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

14.1.2. Market Revenue and Volume Forecast, by Application

14.1.3. Market Revenue and Volume Forecast, by End-Use

14.1.4. Market Revenue and Volume Forecast, by Sequencing Technology

14.1.5. Market Revenue and Volume Forecast, by Product

14.1.6. Market Revenue and Volume Forecast, by Drugs

14.1.7. Market Revenue and Volume Forecast, by Route of Administration

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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Frequently Asked Questions

The U.S. precision medicine market size is expected to increase USD 232.49 billion by 2034 from USD 49.79 billion in 2024.

The U.S. precision medicine market will register growth rate of 16.66% between 2025 and 2034.

The major players operating in the U.S. precision medicine market are 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., and Others.

The driving factors of the U.S. precision medicine market are the rising government initiatives and funding and rising incidences of cancer and growing disparity in the medical community.

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