Precision medicine is about diagnosing and treating patients in a way which is specific to them, thereby giving the greatest chances of success. This involves:
The Precision Medicine Catapult (PMC) is working to make the UK the best place in the world to develop and practice precision medicine. Our aim is to remove barriers to its evolution and create conditions for the UK to enjoy world-leading success in the market for this still new science.
The reason for this work is clear. Worldwide, we need to use finite healthcare resources more effectively to ensure sustainability. Organisation for Economic Co-operation and Development (OECD) countries are seeing healthcare spending rising on average 2% points a year faster than GDP growth, suggesting healthcare costs will become unsustainable for all these countries by 2050. Faced with such a challenge, it is clear that the development of precision medicine is not just exciting, but absolutely essential.
The challenge is to create the right environment to develop these new medical breakthroughs quickly and bring them to market. We are establishing strong networks with academia, government, healthcare organisations and businesses to help them develop new ideas. We are also working to establish links to commercialise new medical developments and bring them quickly to the patients that need them most.
The UK is one of the best places in the world for life sciences. That’s because it has: