Ever since the Precision Medicine Initiative was announced in 2015, personalized medicine has taken off. Mapping the human genome, 3D printing, artificial intelligence and advanced scanning technology have all pushed this concept to the forefront of medicine. Personalized medicine is the idea that each therapy should be customized to the specific individual who is to receive it. Since this isn’t always necessary, the term “precision medicine” has come into use. For the purposes of this trend brief, “personalized medicine” will be used.
Arguably, personalized medicine is a trend in the pharmaceutical and medical device industries, but it contains its own trends as well. Specifically, personalized medicine manufacturing trends are popping up as manufacturers face the idea of mass customization and manufacturing moves closer to the patient. Personalizing medicine creates its own problems, which has led to the emergence of three new trends facing personalized medicine in 2020.