Precision medicine reflects an evolution in healthcare—moving away from the conventional one-size-fits-all approach. With a foundation built on a broad spectrum of information, it encompasses the utilization of traditional clinical information, new data, including genetic data, and advanced technologies to match the right treatment for a patient. Precision medicine relies on large quantities of data from population-based studies that can be sourced from genetic databases, medical records, tissue banks, and other big data channels. Considering the individual variability in genes, environment, and lifestyle from this data helps doctors predict more accurately which treatment strategy is suited for a particular person and the disease. Precision medicine also saves treatment costs and prevents unintended side effects possible in the broad treatment approach.
For now, precision medicine applications are primarily focused on treatment against oncological diseases, and it’s likely to continue in the near future. The increasing support from government initiatives is expected to accelerate the growth of the precision medicine market in oncological applications. With the genomic research scope widening, researchers are looking at non-oncology therapeutic areas as well. These include infectious diseases, nervous system disorders, and cardiovascular diseases. Further, the more specific research of pharmacogenomics that involves the study of genes’ response to drugs will expand with the growth of precision medicine.
Precision medicine is also playing a critical role in changing public opinion on utilizing data for treatment and providing increased transparency in diagnosis. The emphasis on consumer-based practices and widespread adoption of fitness tracking devices suggest public receptiveness toward personalized health and precision medicine. This will allow increased consumer involvement in healthcare decision-making processes and bring more clarity about treatment costs.
In light of these significant advancements today, Healthcare Tech Outlook has compiled a list of top 10 precision medicine solution providers and top 10 precision medicine consulting/services companies for 2020 to guide enterprise leaderships in harnessing the power of technology to embrace innovation and enhance productivity.
With exceptional technological acumen and numerous success stories up their sleeves, many of these companies have consistently proven their expertise in robust precision medicine solutions and services landscape worldwide. We hope this issue of Healthcare Tech Outlook helps you build the partnership you and your firm need to adopt efficient precision medicine solutions and services to enhance consumer experience and productivity.
We present to you Healthcare Tech Outlook’s Top 10 Precision Medicine Consulting/Service Companies — 2020.