Emerging Champions in the Digital Economy pp 161-194 | Cite as
Case V: 3DMed: Digital Technology—Navigating Precision Medicine Towards Success
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Abstract
In early 2015, the U.S. proposed the Precision Medicine Initiative (PMI). Almost at the same time, the Chinese government began increasing investment into the precision medicine field, which was officially included in China’s 13th Five-Year Plan at the end of 2016. Precision medicine soon evolved from being an academic concept into an economic buzzword attracting global attention. Estimates predict that from 2015 to 2022, the Compound Annual Growth Rate (CAGR) for the global precision medicine market will be 12.60%, reaching over USD 88 billion by 2022. The precision medicine market is now more promising than ever.
Notes
Acknowledgements
This case study was co-authored by Professor Zhu Xiaoming, Part-time Case Writer Song Yanbo, and Research Assistant Huang Chengyan and Jin Lijia of China Europe International Business School. It was written with the support of the 3D Medicines Corporation.
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