In 2022, the cost of treatment with precision medicine in North America stood at nearly 300,000 U.S. dollars on average. By 2027, however, it is projected that this cost will decrease to below 260,000 dollars. The idea behind precision medicine, also called personalized medicine, is that every patient needs a specific, tailored approach instead of a one-size-fits-all approach. This is the case, for example, with the various types of cancer which are impacted by many individual factors like people's genetics, lifestyle, environment, etc.
Average cost of a precision medicine treatment worldwide from 2022 to 2027, by region
(in U.S. dollars)
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Juniper Research. (September 1, 2023). Average cost of a precision medicine treatment worldwide from 2022 to 2027, by region (in U.S. dollars) [Graph]. In Statista. Retrieved January 06, 2025, from https://www.statista.com/statistics/1420940/average-cost-for-precision-medicine-treatment-globally-by-region/
Juniper Research. "Average cost of a precision medicine treatment worldwide from 2022 to 2027, by region (in U.S. dollars)." Chart. September 1, 2023. Statista. Accessed January 06, 2025. https://www.statista.com/statistics/1420940/average-cost-for-precision-medicine-treatment-globally-by-region/
Juniper Research. (2023). Average cost of a precision medicine treatment worldwide from 2022 to 2027, by region (in U.S. dollars). Statista. Statista Inc.. Accessed: January 06, 2025. https://www.statista.com/statistics/1420940/average-cost-for-precision-medicine-treatment-globally-by-region/
Juniper Research. "Average Cost of a Precision Medicine Treatment Worldwide from 2022 to 2027, by Region (in U.S. Dollars)." Statista, Statista Inc., 1 Sep 2023, https://www.statista.com/statistics/1420940/average-cost-for-precision-medicine-treatment-globally-by-region/
Juniper Research, Average cost of a precision medicine treatment worldwide from 2022 to 2027, by region (in U.S. dollars) Statista, https://www.statista.com/statistics/1420940/average-cost-for-precision-medicine-treatment-globally-by-region/ (last visited January 06, 2025)
Average cost of a precision medicine treatment worldwide from 2022 to 2027, by region (in U.S. dollars) [Graph], Juniper Research, September 1, 2023. [Online]. Available: https://www.statista.com/statistics/1420940/average-cost-for-precision-medicine-treatment-globally-by-region/
