BIOTECHNOLOGY
DEVELOPING
Marian McNeil on creating a healthier, wealthier nation
PRECISION MEDICINE
H
ealth is wealth. What does that actually mean? Tere are lots of interpretations of this phrase. Healthcare and science have never
been more in front of the public mind as they have been in the past two years. Society has a greater understanding of the link between science and disease and the benefits to the patients, the NHS and the wider economy of diagnosing and treating diseases more effectively. But what if it could be improved
even further? Faster disease diagnosis, with effective treatment options tailored specifically to each patient, achieving better outcomes for them. In fact, offering wide- ranging benefits to society as a whole. Tis is how we become a healthier
and wealthier nation. Te solution lies in precision medicine – which enables clinicians to match medical treatments to
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each individual patient – and now is the time to accelerate the implementation of this innovative approach to healthcare. Put simply, this involves developing
treatments that are targeted to a person’s genetic makeup, rather than generic to the whole population. Because people respond differently to medication depending on their genes, using a tailored approach will lead to patients getting more effective treatments more quickly, rather than trying out lots of medicines before they get the right one for them. And it’s not just the benefits this brings to citizens, this clearly has the potential to save the NHS substantial sums of money.
COST SAVINGS Implementation of precision medicine will help the NHS to generate significant savings at a time when it is struggling
to recover from a global pandemic and to meet increasing demand from an ageing population. Te global Precision Medicine market is forecast to grow from US$43bn in 2016 to US$134bn by 2025,
Unlocking the value in patient data is crucial in developing new treatments
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