BIS Research - Emerging Technology Market Intelligence

Global Precision Medicine Market is Expected to Reach $216.75 billion by 2028

Mar 19, 2019 3:54:15 AM / by BIS Research posted in personalized medicine forecast, personalized medicine industry, personalized medicine market, personalized medicine report, pharmacogenomics industry, pharmacogenomics trends, personalized medicine market forecast, personalized medicine market report, personalized medicine trends, pharmacogenomics forecast, pharmacogenomics market, pharmacogenomics report, precision medicine immunology market, Precision medicine market growth, precision medicine report, Added by Bhavya, Healthcare & Medical, precision medicine cancer market, precision medicine industry, precision medicine industry analysis, precision medicine market, precision medicine market forecast, Precision medicine market report, precision medicine market share, Precision medicine market size, Precision medicine market trends, precision medicine oncology market, precision medicine solutions market, precision medicine technology

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Precision medicine is an innovative approach to prevent and treat diseases by taking into account the individual distinction between genetic make-up, lifestyle, and environment of an individual. It is sometimes also known as personalized medicine. This approach enables the healthcare providers to enhance treatment, avoid negative drug reaction, monitor administration of drug, and focus on prevention or early intervention whenever required. This approach enables providers to gather data about the molecular mechanisms of an individual being tested, which further enables researchers to develop targeted therapies and preventive strategies.

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Precision Medicine Gaining Popularity Rapidly in the Healthcare Industry

Jan 15, 2018 4:47:07 AM / by BIS Research posted in Cancer precision medicine market, Precision medicine market growth, Precision medicine market research, Healthcare & Medical, Global Precision Medicine Market, Global Precision Medicine Market Analysis and Fore, Precision medicine market analysis, Precision medicine market report, Precision medicine market size, Precision medicine market trends

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A majority of medical treatments follow the "one-size-fits-all” approach in terms of medicinal therapies, but the medicines do not necessarily work for every patient in a similar way. Precision medicine, also known as personalized medicine, is an innovation in the healthcare industry which solves the dilemma of patients on whom medicines do not work. This innovative solution tailors disease treatments and prevention by recording specifications of different patient’s genes, habits, and lifestyles. This is a targeted therapy which delivers right treatment to the right patient, at the right time. With the advancements in the field of precision medicine, the U.S. Food and Drug Administration (FDA) has approved a number of new treatments which take into account the genetic makeup and genetic profile of an individual’s tumor to tailor the treatment for patients accordingly.

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