Precision Medicine Market: Transforming Healthcare with Tailored Therapies
The Precision Medicine Market is reshaping the healthcare industry by offering tailored treatments based on individual genetic, environmental, and lifestyle factors. This innovative approach promises improved patient outcomes, reduced side effects, and a shift from generalized to personalized care. As technology advances and the demand for effective treatments rises, the precision medicine market is poised for substantial growth. Market Overview The global precision medicine market was valued at $78.85 billion in 2022 and is projected to reach $175.64 billion by 2030 , growing at a CAGR of 10.8% during the forecast period. Factors such as advancements in genomics, the proliferation of wearable devices, and the integration of AI in healthcare are driving this growth. Key Components of Precision Medicine Genomics and Molecular Diagnostics Genomic sequencing and molecular diagnostics form the foundation of precision medicine, enabling the identification of genetic markers and mutation...