How Is Precision Medicine Transforming The Health Care Industry?

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How Is Precision Medicine Transforming The Health
Care Industry?
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• Precision medicine is a form of medicine that
  uses the information of a persons related to
  their genes, proteins, and environment to treat
  and diagnose them from the occurred disease. It
  is most widely in the case of cancer for specific
  information about a persons tumour and helps to
  diagnose, plan treatment, or make a prognosis.
  Precision medicine experts believe this to be the
  future of the healthcare industry.
• The group of expert networks comprises precision
  medicine experts and precision medicine advisors
  who are experts in the clinical application of
  genomics and are highly specialized in providing
  unbiased information to promote the responsible
  use of genomics in healthcare.
• Precision medicine examples include the usage of
  targeted medicines to treat specific types of
  cells or the use of tumour marker testing to
  diagnose cancer. It is also known as
  personalized medicine. This model proposes
  healthcare professionals to deliver customized
  healthcare treatment, including medical
  decisions, procedures, practices, and products to
  meet the specific needs of the patients.
• Industry professionals estimate that the
  cardiovascular application of precision medicine
  will reach a CAGR of 13.3 during the forecasted
  years 2017-2028.

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• According to a healthcare industry advisor ,
  precision medicine allows doctors and researchers
  to predict more accurately the treatment and
  prevention strategies for a particular disease to
  work for a group of people. Genes, health
  behaviour, eating habits, exercise, hygiene, and
  environmental factors are the primary factors
  which are effects our health. Accelerating
  healthcare data, healthcare IT, personalization
  in the healthcare ecosystem is adding
  dimensionality to the precision medicine business
  segment of the healthcare industry. Potential
  long term benefits include the broader ability
  for doctors to use patients' genetic records and
  other information for their routine medical care.
  Key factors that are propelling the growth of
  this market are the increasing collaborative
  forums and advancements in cancer diagnosis and
  treatment.
• According to a healthcare research professional,
  this market is estimated to reach the value of
  USD84590.21 Mn by 2024 with a CAGR of 9.7 during
  the forecasted years 2018 to 2024. An expert
  survey shows that the United States and some
  European countries are the major hubs for
  conducting and recruiting of talent pools for the
  precision medicine globally in the application
  areas of oncology.