According to Markntel Advisors Report, Artificial Intelligence (AI) in Precision Medicine Market is expected to grow at a significant growth rate, and the analysis period is 2025-2030, considering the base year as 2024.Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
Precision medicine, an emerging form of medicine takes into account individual variations in genes, proteins, environment, and lifestyle for disease prevention treatment. Artificial Intelligence (AI) in precision medicine analyses datasets to generate insights helpful in the development of novel treatments.
Global Artificial Intelligence (AI) in Precision Medicine Market Research Report Summary:
The Global Artificial Intelligence (AI) in Precision Medicine Market size was valued at USD 1.7 billion in 2023 and is projected to reach USD 14.5 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 27% during the forecast period, i.e., 2024-30.
Time Period Captured in the Report:
- Historical Years: 2020-2023
- Base Years: 2024
- Forecast Years: 2025-2030
Who are the Key Players Operating in the Artificial Intelligence (AI) in Precision Medicine Market?
The top companies of the Artificial Intelligence (AI) in Precision Medicine Market ruling the industry are:
Tempus, Intel Corporation, Zephyr AI, IBM, NVIDIA Corporation, Intuz, Google LLC, Persistent Systems, Owkin, Inc., and Others
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What is Included in Artificial Intelligence (AI) in Precision Medicine Market Segmentation?
The Artificial Intelligence (AI) in Precision Medicine Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
-By Component
-Hardware- Market Size Forecast 2019-2030, USD Million
-Software- Market Size Forecast 2019-2030, USD Million
-Services- Market Size Forecast 2019-2030, USD Million
-By Technology
-Deep Learning- Market Size Forecast 2019-2030, USD Million
-Machine Learning- Market Size Forecast 2019-2030, USD Million
-Querying Method- Market Size Forecast 2019-2030, USD Million
-Natural Language Processing- Market Size Forecast 2019-2030, USD Million
-Context-Aware Processing- Market Size Forecast 2019-2030, USD Million
-By Therapeutic Application
-Oncology- Market Size Forecast 2019-2030, USD Million
-Neurosciences- Market Size Forecast 2019-2030, USD Million
-Cardiology- Market Size Forecast 2019-2030, USD Million
-Hematological Diseases- Market Size Forecast 2019-2030, USD Million
-Autoimmune Diseases- Market Size Forecast 2019-2030, USD Million
-Others (Respiratory, Kidney Diseases, etc.)- Market Size Forecast 2019-2030, USD Million
-By Region
-North America
-South America
-Europe
-The Middle East Africa
-Asia-Pacific
Explore the Complete Artificial Intelligence (AI) in Precision Medicine Market Analysis Report – https://www.marknteladvisors.com/research-library/global-artificial-intelligence-in-precision-medicine-market.html
Global Artificial Intelligence (AI) in Precision Medicine Market Driver:
High Rates of Different Cancers to Impact the Market Positively – Throughout the world, there have been high rates of various cancers including breast stomach. However, the currently available treatments like chemotherapy, radiation therapy, and others have not been very effective for every patient while some had negative consequences on the health of patients. There has been continuous research development for therapies specifically tailored according to patient’s characteristics, and prove to be more effective compared to conventional treatments with minimal cost and no side effects.
Subsequently, Artificial intelligence (AI) in precision medicine has accelerated the analysis of vast amounts of genomic or proteomic data rapidly, identifying disease targets, and rapid discovery and development of drugs thereby expanding the market size for AI in Precision Medicine. For instance,
- The World Health Organization (WHO) reported about 20 million new cases of cancer globally in 2022 and also expects that the cases will eventually increase to around 32.6 million by 2045.
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