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Precision Medicine Market 2026–2031 Growth: 13%+ CAGR as AI Integration and Biomarker Advancements Drive Adoption, Reports Mordor Intelligence
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Precision Medicine Market 2026–2031 Growth: 13%+ CAGR as AI Integration and Biomarker Advancements Drive Adoption, Reports Mordor Intelligence
Mordor Intelligence
Thu, February 26, 2026 at 6:40 PM GMT+9 4 min read
Mordor Intelligence
Next-gen sequencing held 35%+ global precision medicine market share in 2025 while AI and ML tools are growing at 17%+ CAGR for 2026-2031 forecast period. Increasing integration of AI-driven analytics and biomarker-based diagnostics is accelerating global demand for personalized healthcare solutions.
Hyderabad, Feb. 26, 2026 (GLOBE NEWSWIRE) – According to Mordor Intelligence, the precision medicine market size is expected to grow from USD 110.68 billion in 2025 to USD 125.71 billion in 2026, reaching an estimated USD 237.28 billion by 2031, reflecting a CAGR of 13.58% during the 2026–2031 forecast period, driven by rapid advancements in genomics, biomarker-based diagnostics, and targeted therapeutics. Increasing prevalence of cancer and chronic diseases, combined with rising investments in research and development, is accelerating the adoption of precision-based treatment strategies across major healthcare systems worldwide. As medical practice shifts from conventional treatment models toward individualized care, precision medicine is emerging as a cornerstone of next-generation healthcare delivery.
The precision medicine market is expanding as healthcare providers increasingly leverage genetic profiling and molecular diagnostics to tailor treatments based on individual patient characteristics. Targeted therapies in oncology remain a key growth driver, with precision approaches improving treatment efficacy while reducing adverse effects. The growing use of companion diagnostics to identify suitable patient populations for specific drugs is further strengthening market momentum.
Precision Medicine Market Share by Region
North America represents a significant share of the precision medicine market, driven by strong research funding, advanced healthcare infrastructure, and high adoption rates of genomic technologies. The presence of leading biotechnology and pharmaceutical companies further supports regional dominance.
Europe holds a notable position in the market, supported by collaborative research initiatives, favorable regulatory frameworks, and growing emphasis on personalized treatment pathways.
Asia-Pacific is emerging as a high-growth region due to expanding healthcare infrastructure, increasing investments in biotechnology, and rising awareness of precision-based diagnostics and therapies.
**Check out more details and stay updated with the latest industry trends, including the Japanese version for localized insights: ****
Precision Medicine Market Trends & Forecast
Expansion of Targeted Oncology Therapies
Growing adoption of biomarker-driven treatments in cancer care is accelerating demand for precision diagnostics and therapeutics.
Advancements in Genomic Sequencing Technologies
Declining sequencing costs and improved analytical capabilities are increasing accessibility and clinical integration of genomic testing.
Precision Medicine Market Segmentation Overview
By Product Type
By Source
By Form
By Distribution Channel
By Geography
For a full breakdown of market dynamics, segmentation insights, regional analysis, and competitive landscape, access the details of the Mordor Intelligence report:
Precision Medicine Market Competitive Outlook
The precision medicine market features a mix of global pharmaceutical companies, biotechnology firms, and diagnostic solution providers focusing on expanding genomic capabilities, strengthening companion diagnostic portfolios, and investing in advanced analytics platforms. Market participants are prioritizing strategic partnerships, mergers, and innovation-driven product launches to enhance competitive positioning and address the growing demand for personalized healthcare solutions.
Precision Medicine Major Companies include:
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