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Precision Medicine Software Market Size, Share, Growth Trends and Forecast 2025-2033

Precision Medicine Software Market is segmented and By Delivery Mode (Cloud-Based Delivery Mode, On-Premise Delivery Mode), By Application (Oncology, Pharmacogenomics, Rare Diseases, Others), By End User (Health Care Providers, Research Centers and Government Institutes, Pharmaceutical & Biotechnology Companies), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

Published: May 2025 || SKU: HCIT1725
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Precision Medicine Software Market - Industry Outlook

Precision Medicine Software Market reached US$ 1.89 Billion in 2024 and is expected to reach US$ 5.25 Billion by 2033, growing at a CAGR of 12.1% during the forecast period 2025-2033.

The global precision medicine software market is growing due to the demand for personalized healthcare solutions that use genetic, clinical, and lifestyle data. Technological advancements in genomic sequencing, artificial intelligence, and big data analytics have improved the processing of complex datasets, enabling more accurate diagnostics and targeted therapies. North America leads the market due to advanced healthcare infrastructure and government-backed initiatives, while the Asia Pacific region is emerging due to rising healthcare investments and digitalization.

Precision Medicine Software Market 2025

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Precision Medicine Software Market Dynamics: Drivers & Restraints

Driver: Growing Adoption of Personalized Healthcare

The global precision medicine software market is booming due to the growing demand for personalized healthcare solutions that cater to individual genetic profiles, lifestyle, and environmental factors. Advances in genomics, big data analytics, and artificial intelligence enable the collection and analysis of vast patient data, enhancing treatment outcomes, reducing trial-and-error prescribing, and streamlining clinical decision-making processes.

For instance, in January 2025, Atropos Health, a leader in transforming clinical data into personalized evidence, has deployed AI models for patient identification of undiagnosed conditions, to be provided by Atropos Evidence Network members.

Restraint: High Implementation Costs and Data Integration Challenges

The precision medicine software market faces challenges due to high implementation and maintenance costs, a lack of financial resources and technical infrastructure in developing regions, and challenges in data interoperability, standardization, and secure integration of diverse data sources like genomic data, electronic health records, and clinical trial databases, preventing widespread adoption.

Precision Medicine Software Market Segment Analysis

The global precision medicine software market is segmented based on delivery mode, application, end user, and region.

Product Type:

The cloud-based delivery mode segment of the product type is expected to hold 54.5% of the precision medicine software market

Cloud-based delivery in the precision medicine software allows remote access to software solutions, enabling scalable computing resources, streamlined data storage, and real-time analytics without extensive on-premise IT infrastructure. This approach enables efficient collaboration, management of large genomic datasets, and seamless deployment of updates, particularly valuable for precision medicine, which relies on integrating complex datasets from genomics, clinical records, and diagnostic tools.

The global precision medicine software market is expanding due to increasing demand for personalized healthcare, genomic advancements, big data analytics, and government funding. AI and machine learning integration improve diagnostic accuracy and treatment personalization. The adoption of electronic health records and interoperable solutions, particularly cloud-based ones, is driving adoption due to their flexibility, cost-effectiveness, and ability to support collaborative research and data sharing across geographical boundaries.

For instance, in February 2025, Royal Philips, a global health technology leader,  showcased its AI-enabled precision imaging innovations at the European Congress of Radiology (ECR) annual congress in Vienna. The company aims to accelerate the availability of cloud-based radiology services to European customers and emphasize its focus on delivering innovative, sustainable hardware and software solutions with a lower carbon footprint.

Precision Medicine Software Market Geographical Analysis

North America dominated the global Precision Medicine Software market with the highest share of 48.3% in 2024

The North America precision medicine software market is fueled by advanced healthcare infrastructure, government support, and biomedical research investments. The US is a leader due to initiatives like the Precision Medicine Initiative, widespread EHR adoption, collaboration between academic institutions and biotech companies, and a high concentration of market-leading software providers. These factors facilitate the rapid integration of precision medicine software into clinical and research settings.

For instance, in October 2024, Ataraxis AI, a leading AI precision medicine company, secured $4 million in seed financing, co-led by Giant Ventures and Obvious Ventures. The funding has enabled Ataraxis to develop AI-powered diagnostic tests that improve patient outcomes and enable personalized treatments. The company also unveiled Ataraxis Breast, the world's first AI-native prognostic/predictive test for breast cancer, making it the most advanced clinically validated test available.

Asia-Pacific region in the global Precision Medicine Software market is expected to grow with the highest CAGR of 14.5% in the forecast period of 2025 to 2033

The Asia Pacific region is experiencing market growth due to healthcare digitization, personalized medicine awareness, and genomics investments. Countries like China, Japan, and South Korea are investing in genomic research and precision medicine programs to improve health outcomes. The growing burden of chronic diseases and cancer demands accurate, individualized treatment solutions. Improved healthcare infrastructure and supportive government policies are also promoting the adoption of precision medicine software.

For instance, in April 2024, BC Platforms AG, Bio-Xcelerator K.K., NTT Corporation, NTT Life Sciences Corporation, and Prime Research Institute for Medical RWD, Inc. collaborated to develop next-generation medical research platforms, including the Japan Precision Medicine Platform1 (JPP), which will be offered by NTT Life Sciences and recruited by domestic and overseas pharmaceutical companies for medical and pharmaceutical research and development.

Precision Medicine Software Market Key Players

The major global players in the precision medicine software market include 2bprecise, LLC, Fabric Genomics, Inc, Sophia Genetics SA, Foundation Medicine, Inc, Pieriandx, Inc, Velsera, MediCardia Health, and Translational Software Inc among others.

Industry Key Developments

  • In March 2024, Teva UK collaborated with Closed Loop Medicine to advance the development of personalized medicines, improving drug efficacy and related outcomes in patients with specific chronic disorders, combining dose-optimized drug therapy with digital care.
  • In January 2024, SimBioSys received its first FDA clearance to commercialize its first precision medicine software application, TumorSight.

Scope

Metrics

Details

CAGR

12.1%

Market Size Available for Years

2022-2033

Estimation Forecast Period

2025-2033

Revenue Units

Value (US$ Bn) 

Segments Covered

Delivery Mode

Cloud-Based Delivery Mode, On-Premise Delivery Mode

Application

Oncology, Pharmacogenomics, Rare Diseases, Others

 

End User

Health Care Providers, Research Centers and Government Institutes, Pharmaceutical & Biotechnology Companies

Regions Covered

North America, Europe, Asia-Pacific, South America, and the Middle East & Africa

Why purchase Precision Medicine Software Market report?

Technological Innovations

Reviews ongoing clinical trials, product pipelines, and forecasts upcoming advancements in medical devices and pharmaceuticals.

Product Performance & Market Positioning

Analyzes product performance, market positioning, and growth potential to optimize strategies.

Real-World Evidence

Integrates patient feedback and data into product development for improved outcomes.

Physician Preferences & Health System Impact

Examines healthcare provider behaviors and the impact of health system mergers on adoption strategies.

Market Updates & Industry Changes

Covers recent regulatory changes, new policies, and emerging technologies.

Competitive Strategies

Analyzes competitor strategies, market share, and emerging players.

Pricing & Market Access

Reviews pricing models, reimbursement trends, and market access strategies.

Market Entry & Expansion

Identifies optimal strategies for entering new markets and partnerships.

Regional Growth & Investment

Highlights high-growth regions and investment opportunities.

Supply Chain Optimization

Assesses supply chain risks and distribution strategies for efficient product delivery.

Sustainability & Regulatory Impact

Focuses on eco-friendly practices and evolving regulations in healthcare.

Post-market Surveillance

Uses post-market data to enhance product safety and access.

Pharmacoeconomics & Value-Based Pricing

Analyzes the shift to value-based pricing and data-driven decision-making in R&D.

Target Audience 2025

Manufacturers

Pharmaceutical, Medical Device, Biotech Companies, Contract Manufacturers, Distributors, Hospitals.

Regulatory & Policy

Compliance Officers, Government, Health Economists, Market Access Specialists.

Application & Innovation

AI/Robotics Providers, R&D Professionals, Clinical Trial Managers, Pharmacovigilance Experts.

Investors

Healthcare Investors, Venture Fund Investors, Pharma Marketing & Sales.

Consulting & Advisory

Healthcare Consultants, Industry Associations, Analysts.

Supply Chain

Distribution and Supply Chain Managers.

Consumers & Advocacy

Patients, Advocacy Groups, Insurance Companies.

Academic & Research

Academic Institutions.

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FAQ’s

  • Precision Medicine Software Market reached US$ 1.89 Billion in 2024 and is expected to reach US$ 5.25 Billion by 2033

  • Key players are 2bprecise, LLC, Fabric Genomics, Inc, Sophia Genetics SA, Foundation Medicine, Inc, Pieriandx, Inc, Velsera, MediCardia Health, and Translational Software Inc.
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