Cash in on Precision Medicine’s 500% Boom
- In the early 2000s, precision medicine for one person cost about $100 million.
- New breakthroughs are making precision medicine possible for less than $1,000.
- The precision medicine market is expected to grow 500% in the next decade.
The year is 2025.
The bedroom lights slowly illuminate as you wake up, just as you reach your optimal seven hours and 36 minutes of sleep.
You roll over and glance at your iPhone to see that your artificial intelligence health coach has an urgent message.
While you were sleeping last night, deep into REM, the smartwatch on your wrist detected a rapid heart rate.
Your health app looked through your heart history, diet and exercise to see if anything had changed recently.
It also took the additional step of searching your genetic screens to see what this irregular heartbeat could mean for someone with your genetic history.
Finally, it sent this data to your cardiologist and scheduled a 9 a.m. video call to go over your symptoms…
All while you were sleeping!
This technological breakthrough is happening right now.
Some call it genetic testing. For others, it’s DNA sequencing. But no matter how you want to phrase it, the era of precision medicine has arrived.
A patient’s diagnosis and treatment is now based on their individual genetic characteristics.
That’s because the convergence of high-powered computers and breakthroughs in the field of genetics is making this new paradigm of health care a reality for everyone.
Cracking the Genetic Code
In 1977, a Cambridge scientist named Frederick Sanger sequenced DNA for the first time.
By running an electric current through a gel into cell tissue, he found that DNA contained a sequence of molecules in specific patterns.
Even though it was only possible to sequence a small amount of DNA at a time, Sanger’s discovery was the genetic science equivalent of the moon landing. It started the race to crack the genetic code.
It was a small step for a man, a huge step for mankind.
In the next decade, the National Institutes of Health launched the Human Genome Project.
Its lofty goal was sequencing and mapping the first human genome. The project cost $2.7 billion and took 13 years to complete.
At the same time, a science entrepreneur named Craig Venter discovered an even faster approach.
The race to find a cheaper alternative to genome sequencing was on.
And along the way, something incredible happened…
Genetic Testing for Everyone
The quest to cheaply map the human genome converged with computing speeds that were improving exponentially.
This faster, cheaper computational power dramatically dropped the cost of sequencing the genome at a pace no one could have anticipated.
Think about this for a moment…
In the early 2000s, it cost about $100 million to decode one individual’s genome.
Ten years later, when Apple co-founder Steve Jobs found out he had pancreatic cancer, he spent $100,000 to unlock his genome.
Jobs was trying different treatments and hoped DNA would provide clues about where to turn next.
Even if you don’t have Jobs’ fortune, breakthrough technologies such as artificial intelligence and machine learning are making a full genetic screen possible for less than $1,000.
Companies such as 23andMe and Ancestry.com even offer take-home tests that link your DNA to distant relatives. They can also check your genetic risk for certain diseases.
You can buy a take-home test today for as little as $99.
But the precision medicine market expands beyond these two examples. In fact, it has the potential to grow to $22.7 billion by 2025.
3 Huge Breakthroughs
Precision medicine makes it possible to better diagnose and recommend life-saving treatments.
Here are three areas already impacted by precision medicine:
- Breast cancer: About 30% of breast cancer patients don’t respond to standard therapy. Precision medicine can identify this problem before therapy starts.
- Melanoma: Nearly 60% of patients with melanoma have a certain kind of genetic mutation. Doctors can now use precision medicine to find this mutation and prescribe treatment.
- Cardiovascular disease: Precision medicine can determine a heart transplant recipient’s probability of rejecting a transplanted organ.
Invest in the Rise of Precision Medicine
Because of technological improvements and declining costs, the genetic testing market is expected to grow nearly sixfold in the next decade.
That’s an increase from $8.5 billion in 2019 to $52.5 billion in 2030.
In other words, it’s a staggering compound annual growth rate of 18%!
For Automatic Fortunes readers, we’ve identified one specific company that’s capitalizing on the explosive growth of the genetic testing market.
This company offers hundreds of genetic tests and maintains the database for doctors and clinical researchers. That makes it an integral part of precision medicine.
You should invest in precision medicine now … before your doctor orders your first genetic test.
To get the name and ticker symbol of the company I recommended to my subscribers, check out my Automatic Fortunes service.
Editor, Automatic Fortunes