Global Pharmacogenomics Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Technology;

DNA Sequencing, Microarray, Polymerase Chain Reaction, Electrophoresis, Mass Spectrometry, and Others.

By Application;

Drug Discovery, Tailored Treatment, Oncology, Pain Management, and Others.

By End User;

Hospitals, Clinics, and Research institute.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn150750032 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Pharmacogenomics Market (USD Million), 2021 - 2031

In the year 2024, the Global Pharmacogenomics Market was valued at USD 8,126.84 million. The size of this market is expected to increase to USD 14,469.40 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 8.6%.

The global pharmacogenomics market is at the forefront of revolutionizing personalized medicine, leveraging advancements in genomics and bioinformatics to tailor treatments based on individual genetic makeup. Pharmacogenomics, also known as personalized medicine or precision medicine, aims to optimize therapeutic outcomes and minimize adverse reactions by understanding how genetic variations influence drug response. This field holds immense promise in transforming healthcare by enabling physicians to prescribe the most effective medications while minimizing potential side effects for each patient.

One of the key drivers behind the growth of the global pharmacogenomics market is the increasing awareness of the role of genetic factors in drug response variability. Genetic variations can significantly impact an individual's metabolism, efficacy, and tolerance to specific medications. Pharmacogenomic testing enables clinicians to identify genetic markers associated with drug response, empowering them to make informed treatment decisions and optimize medication regimens for better patient outcomes. As healthcare systems strive to enhance patient care and reduce healthcare costs, pharmacogenomics emerges as a powerful tool for achieving these objectives.

The rapid advancements in genomics technologies, such as next-generation sequencing (NGS) and high-throughput genotyping, have significantly reduced the cost and complexity of genetic testing. This has facilitated the widespread adoption of pharmacogenomic testing in clinical practice, enabling healthcare providers to integrate genetic information into routine patient care. Furthermore, the growing availability of pharmacogenomic databases and evidence-based guidelines further supports the implementation of pharmacogenomics in clinical decision-making.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Technology
    2. Market Snapshot, By Application
    3. Market Snapshot, By End User
    4. Market Snapshot, By Region
  4. Global Pharmacogenomics Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Drug Development
        2. Patient Stratification
        3. Pharmacogenomic Data
        4. Clinical Decision Support
      2. Restraints
        1. Cost of Genetic Testing
        2. Interpretation Complexity
        3. Reimbursement Issues
        4. Ethical Considerations
      3. Opportunities
        1. Drug Response Variability
        2. Biomarker Discovery
        3. Targeted Therapies
        4. Pharmacogenetic Testing
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Pharmacogenomics Market, By Technology, 2021 - 2031 (USD Million)
      1. DNA Sequencing
      2. Microarray
      3. Polymerase Chain Reaction
      4. Electrophoresis
      5. Mass Spectrometry
      6. Others
    2. Global Pharmacogenomics Market, By Application, 2021 - 2031 (USD Million)
      1. Drug Discovery
      2. Tailored Treatment
      3. Oncology
      4. Pain Management
      5. Others
    3. Global Pharmacogenomics Market, By End User, 2021 - 2031 (USD Million)
      1. Hospitals
      2. Clinics
      3. Research Institute
    4. Global Pharmacogenomics Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea ASEAN (Association of South East Asian Countries)
        6. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. IBM Corporation
      2. Oracle Corporation
      3. SAS Institute Inc
      4. FICO
      5. NICE Actimize
      6. Experian Information Solutions Inc
      7. ACI Worldwide Inc
      8. BAE Systems
      9. ThreatMetrix Inc
      10. DXC Technology
      11. RSA Security LLC
      12. Kount Inc
      13. LexisNexis Risk Solutions Groupiovation Inc
      14. Splunk Inc
      15. Easy Solutions Inc
      16. Feedzai
      17. Forter
      18. Simility
      19. Pindrop Security
      20. Analyst Views
  7. Analyst Views
  8. Future Outlook of the Market