precision medicine

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Precision Medicine Market Size to Exceed $87 Billion by 2023: Global Market Insights Inc.

“Global Precision medicine market size worth USD 39 billion in 2015, is forecast to grow at a CAGR of 10.5% over the period of 2016-2023, hitting USD 87.7 billion by 2023,” according to a recent study on Global Precision Medicine Market – Estimations & forecast (2016-2023) by Global Market Insights Inc.

Chart of Estimated Growth in Precision Medicine

“Increased global incidence of cancer and rise in cancer susceptible aging population will accelerate global precision medicine market growth.”

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Breast Cancer Screening Primed for Precision Medicine

Offering alternative screening tests to young women who had genetic risks could be justified given the radiation from mammograms increased their risk of breast cancer through their lives by 90 per cent, according to Orion Health’s Ian McRae.

“This is what precision medicine is all about – instead of crude ‘one size fits all’, treating all women the same, once we have all this other information you can start treating women differently.” – Ian McRae

See the entire article in Business Day