India precision medicine market size reached USD 2.4 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 6.5 Billion by 2033, exhibiting a growth rate (CAGR) of 11.8% during 2025-2033. The rising incidence of chronic diseases, such as cancer, cardiovascular disorders, and diabetes, which has increased the demand for more effective and targeted treatment options, is driving the market.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024
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USD 2.4 Billion |
Market Forecast in 2033
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USD 6.5 Billion |
Market Growth Rate 2025-2033 | 11.8% |
Precision medicine is a groundbreaking approach to healthcare that tailors medical treatment and interventions to the unique characteristics of each individual. It involves analyzing a person's genetic makeup, lifestyle, and environmental factors to understand the underlying causes of diseases at a molecular level. By gaining insights into the specific genetic mutations or variations, healthcare providers can design personalized treatment plans that are more effective and have fewer side effects. Precision medicine aims to move away from the traditional one-size-fits-all model of healthcare and considers the diversity among patients. Advances in technology, such as genomic sequencing, enable researchers and clinicians to identify specific biomarkers associated with diseases, leading to more targeted therapies. This individualized approach has the potential to revolutionize the prevention, diagnosis, and treatment of various conditions, ultimately improving patient outcomes and reducing healthcare costs.
The precision medicine market in India is experiencing exponential growth due to several key drivers. Firstly, advancements in genomics and molecular biology have significantly expanded the understanding of the genetic basis of diseases, propelling the demand for personalized therapies. As a result, pharmaceutical and biotechnology companies are heavily investing in R&D to create targeted treatments, driving market expansion. Moreover, the increasing prevalence of chronic diseases and cancer has intensified the need for more effective and tailored interventions. Precision medicine offers a promising solution by identifying specific genetic mutations or biomarkers, enabling healthcare providers to deliver more precise and efficient treatments. This demand is further fueled by the rising awareness among both healthcare professionals and patients about the potential benefits of personalized medicine in improving treatment outcomes and reducing adverse effects. Additionally, the convergence of technological innovations, such as artificial intelligence and big data analytics, has played a pivotal role in advancing precision medicine. These technologies enable the analysis of vast datasets, facilitating the identification of patterns and correlations crucial for personalized treatment strategies. The growing integration of these technologies into healthcare systems is propelling the precision medicine market forward, promising a future where medical interventions are truly tailored to the unique genetic makeup of each individual.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on product, technology, application, and end user.
Product Insights:
The report has provided a detailed breakup and analysis of the market based on the product. This includes consumables, instruments, and services.
Technology Insights:
A detailed breakup and analysis of the market based on the technology have also been provided in the report. This includes big data analytics, bioinformatics, gene sequencing, drug discovery, companion diagnostics, and others.
Application Insights:
The report has provided a detailed breakup and analysis of the market based on the application. This includes oncology, central nervous system (CNS), immunology, respiratory medicine, infections, and others.
End User Insights:
A detailed breakup and analysis of the market based on the end user have also been provided in the report. This includes hospitals and clinics, diagnostic centers, pharma and biotech companies, healthcare IT firms, and others.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include North India, West and Central India, South India, and East and Northeast India.
The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Scope of the Report | Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Products Covered | Consumables, Instruments, Services |
Technologies Covered | Big Data Analytics, Bioinformatics, Gene Sequencing, Drug Discovery, Companion Diagnostics, Others |
Applications Covered | Oncology, Central Nervous System (CNS), Immunology, Respiratory Medicine, Infections, Others |
End Users Covered | Hospitals and Clinics, Diagnostic Centers, Pharma and Biotech Companies, Healthcare IT Firms, Others |
Regions Covered | North India, West and Central India, South India, East and Northeast India |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
Key Benefits for Stakeholders: