Personalized Medicine to Play Crucial in Coming Decade and to be Worth $223b by 2018
Hyderabad – Industry Experts, a multi industry focused market research firm, announces release of the new global market report ‘ Personalized Medicine – A Global Market Overview ’. The report reveals that the global market for personalized medicine is estimated to be US$85 billion in 2012 and further projected to reach US$223.8 billion by 2018. Personalized Medicine can mean a lot of things to a lot of people. For some, it may relate to doctors having knowledge about their case history and the treatment received, which is a morale boosting factor, since everybody wants caregivers who can comprehend an individual’s problems. The day is not very far when this level of personal or individual understanding between a patient and a doctor would be much deeper than hitherto anticipated. The coming decade is expected to witness an increase in the use of companion diagnostics and personalized medicines, with pricing incentives and efficiency improvement propelling the market. Current market le...