The Worldwide Precision Medicine Industry is Expected to Reach $100 Billion by 2026
The precision medicine market is evaluated at US$60.422 billion for the year 2020 growing at a CAGR of 8.79% reaching the market size of US$100.168 billion by the year 2026.
- The precision medicine market is evaluated at US$60.422 billion for the year 2020 growing at a CAGR of 8.79% reaching the market size of US$100.168 billion by the year 2026.
- This is expected to be one of the factors in the growth of Precision Medicine, over conventional medicines.
- Precision Medicine is also known as personalized medicine, as doctors select this medicine based on a genetic understanding of the patient.
- The researchers raised an investment of 10 million pounds, which was used in the development and research of precision medicine.