What is the current status of the precision medicine industry? What are the development prospects and how is it different from traditional medical care?

Precision medicine is a new medical concept and medical model that aims to provide patients with personalized optimal treatment plans through advanced technology. It has considerable room for imagination and broad prospects for the future. As one of the main trends in the future medical field, precision medicine has received more and more attention around the world, and governments around the world are actively introducing relevant policies to support its development.

According to the "Global Precision Medicine Industry Development Prospects Forecast and Investment Strategic Planning Analysis Report", in 2015, the global precision medicine market was nearly US$60 billion. The global precision medicine market is expected to reach US$79.5 billion in 2017, with an average annual compound growth rate of approximately 16.21% in the next five years. The market size will reach US$145 billion in 2021.

With the support of national policies, social capital and enterprises will accelerate their influx into the field of precision medicine, pushing precision medicine onto the path of rapid development. It is expected that by 2020, my country's precision medicine annual compound growth rate will remain in the 20%-25% range, far exceeding the global average growth level. To sum up, in the future, the precision medicine industry will usher in a new development cycle globally, maintain a sustained growth trend, and the development prospects will become increasingly clear.