Analyst sees $66 billion precision medicine growth

5 December 2024

The global precision medicine market is projected to expand significantly, with an estimated growth of $66 billion between 2024 and 2028, according to Technavio.

With a compound annual growth rate of 12%, this sector is advancing due to increased chronic disease prevalence and the growing integration of artificial intelligence in the drug discovery and development process.

Precision medicine focuses on tailoring treatments to individual patient characteristics, an approach which has become more common.

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