In 2022, the cost of a genetic test that was used for a treatment with precision medicine stood at 1,816 U.S. dollars on a global average. By 2027, it is projected that this cost will decrease to below 1,700 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.
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Juniper Research. (September 1, 2023). Average cost of a genetic test used for precision medicine worldwide from 2022 to 2027 (in U.S. dollars) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 26, 2026, from /statistics/1420926/average-cost-genetic-test-used-for-precision-medicine/
Juniper Research. "Average cost of a genetic test used for precision medicine worldwide from 2022 to 2027 (in U.S. dollars)." Chart. September 1, 2023. ÌÇÐÄÆƽâ°æ. Accessed July 26, 2026. /statistics/1420926/average-cost-genetic-test-used-for-precision-medicine/
Juniper Research. (2023). Average cost of a genetic test used for precision medicine worldwide from 2022 to 2027 (in U.S. dollars). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 26, 2026. /statistics/1420926/average-cost-genetic-test-used-for-precision-medicine/
Juniper Research. "Average Cost of a Genetic Test Used for Precision Medicine Worldwide from 2022 to 2027 (in U.S. Dollars)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 1 Sep 2023, /statistics/1420926/average-cost-genetic-test-used-for-precision-medicine/
Juniper Research, Average cost of a genetic test used for precision medicine worldwide from 2022 to 2027 (in U.S. dollars) ÌÇÐÄÆƽâ°æ, /statistics/1420926/average-cost-genetic-test-used-for-precision-medicine/ (last visited July 26, 2026)
Average cost of a genetic test used for precision medicine worldwide from 2022 to 2027 (in U.S. dollars) [Graph], Juniper Research, September 1, 2023. [Online]. Available: /statistics/1420926/average-cost-genetic-test-used-for-precision-medicine/
