Share of genetic tests used for precision medicine by world region 2022-2027
In 2022, one percent of genetic tests performed in North America were used for treatments with precision medicine. By 2027, it is projected that this share will increase to two percent. The idea behind precision medicine, also called personalized medicine, is that every patient needs a specific, tailored approach instead of a one-size-fits-all approach. This is the case, for example, with the various types of cancer which are impacted by many individual factors like people's genetics, lifestyle, environment, etc.