Personalized Medicine Market Revenue to Cross USD 751 Bn by 2027

According to report Personalized Medicine Market Size, Share & Trends Analysis the market valuation of Personalized Medicine will cross $751 billion by 2027. Technological advancements and increasing demand for Personalized Medicine will foster the market growth.

Global Personalized Medicine Market is valued at USD 489.1 Billion in 2020 and Growing with a CAGR of 6.32% over the forecast period. Rising prevalence of chronic diseases, increasing demand for personalized medicine and growing technological advancements in healthcare are anticipated to drive the growth of Global Personalized Medicine Market.

Personalized medicine is also referred as precision medicine. It is the field of medicine that finds the best treatment for each patient at the correct time.

One example is the Personalized Medicine solution for the pharmaceutical industry by Infosys. The solution leverages SAP S/4HANA, the SAP C/4HANA suite, the SAP Analytics Cloud solution, and SCI platform to derive intelligent insights, enabling pharmaceutical companies to address critical business and regulatory requirements while delivering personalized experiences to patients. The Infosys Personalized Medicine Solution enables pharma companies to digitally transform their processes and drive stronger business outcomes. The modular solution uses advanced analytics to manage individual patient treatment lifecycle from enrollment and scheduling to post medical treatments and can notably reduce patient treatment lifecycle. It uses IoT and blockchain to manage critical cold chains and outcome-based invoicing.