Fitness Trends Precision Medicine Diagnostics Market

Precision Medicine Diagnostics Market - Size, Share,
Outlook, and Opportunity Analysis, 2018 – 2026
Precision medicine aims to alter the treatments based on individual characteristics, including
differences in genetics, environment, and lifestyle. It has the potential to transform the delivery
of care for a variety of diseases. Precision medicine implicate the application of panomic
analysis and systems biology to inspect the cause of an individual patient's diseased condition at
the molecular level and then to apply targeted treatments to address that individual patient's
disease. Precision medicine aims to make medication and medical practices efficient and cost
effective. By using the precision medicine, doctors recognize genetic makeup of the subject,
which helps doctors to prescribe the right drug with appropriate dose.
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Precision Medicine Diagnostics Market- Drivers
Precision medicine diagnostics market is expected to expand at rapid pace in near future, owing
to increasing number of pipeline studies to develop new treatment for cancer. For instance, in
January 2016, University of Arkansas initiated the clinical trial for fresh tissue biopsy to study
the further advancements in bio-specimens (blood cellular free component, e.g., plasma, serum,
tissue, urine), in order to develop precision medicine for lung cancer management and screening
(synergy with imaging). Fresh tissue biopsy involves taking a small sample of tissue from the
body part for further microscopic examination. The study is estimated to complete in December
2019.
Moreover, government initiatives to create awareness among the community health worker is
expected to boost growth of the precision medicine diagnostics market. For instance, in March
2018, the Division of Community Engagement and University of Agricultural and Horticultural
Sciences (UAHS) Center for Applied Genetics and Genomic Medicine partnered with the
University Of Arizona Banner Health Research Program to develop and implement a unique and
culturally conscious approach to increase precision medicine literacy, particularly among
underserved and marginalized populations. The program has been named as ‘Precision Medicine
Community Health Workers/Promoters for All of Us’.