This report describes the global market size of Artificial Intelligence in Precision Medicine Market from 2019 to 2022 and its CAGR from 2019 to 2023, and also forecasts its market size to the end of 2031 and its expected to grow with a CAGR of 26.4% from 2024 to 2031.
Due to the COVID-19 pandemic and Russia-Ukraine War Influence, the global market for Artificial Intelligence in Precision Medicine Market estimated at US $1.68 Billion in the year 2022, is projected to reach a revised size of US $ 17.15 Billion by 2031, growing at a CAGR of 26.4% during the forecast period 2024-2031.
The Artificial Intelligence (AI) in Precision Medicine Market refers to the segment of the healthcare industry focused on integrating AI technologies into the field of precision medicine. Precision medicine aims to tailor medical treatment and healthcare strategies to the individual characteristics of each patient, such as genetic, environmental, and lifestyle factors. AI technologies enhance this approach by analyzing large volumes of complex data to provide more accurate diagnoses, personalized treatment plans, and predictive insights.
For geography segment, regional supply, demand, major players, price is presented from 2019 to 2031. This report covers the following regions:
North America
Asia-Pacific
Europe
Middle East and Africa
South America
The key countries for each regions are also included such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc.
For the competitor segment, the report includes global key players of Artificial Intelligence in the Precision Medicine market as well as some small players. The information for each competitor include:
Company Profile
Main Business Information
SWOT Analysis
Sales Volume, Revenue, Price and Gross Margin
Market Share
By Technology:
Machine Learning
Supervised Learning
Unsupervised Learning
Reinforcement Learning
Natural Language Processing (NLP)
Deep Learning
Component
Hardware
Software
Service
In technology, the hardware component refers to the physical devices and machinery required to perform computing tasks, including processors, memory, storage devices, and peripherals like keyboards and monitors. Software encompasses the programs and applications that run on hardware, providing the instructions and functionality needed to perform specific tasks or solve problems, ranging from operating systems and office applications to specialized software for data analysis and graphics processing. Service in the technology sector includes the support, maintenance, and consulting offered to ensure the proper functioning and optimization of both hardware and software. This can involve technical support, software updates, system integration, and customization services to meet specific client needs. Together, hardware, software, and services form an integrated ecosystem that supports the operation, development, and enhancement of technology solutions, ensuring efficiency, reliability, and continuous improvement.
By Application
Diagnostics
Drug Discovery
Treatment Personalization
Predictive Analytics
In the Artificial Intelligence (AI) in Precision Medicine Market, various applications harness AI technologies to advance personalized healthcare. Diagnostics uses AI to analyze medical imaging, genetic data, and patient records, improving the accuracy and speed of disease detection. In drug discovery, AI accelerates the identification of potential drug candidates and predicts their effectiveness by analyzing biological data and simulating drug interactions. Treatment personalization leverages AI to tailor medical treatments to individual patient profiles, considering genetic, environmental, and lifestyle factors for more effective and targeted therapies. Predictive analytics utilizes AI to forecast disease risks and patient outcomes by analyzing trends and patterns in large datasets, enabling early intervention and preventive measures. Each application enhances precision medicine by providing more accurate, efficient, and personalized healthcare solutions.
By End-Use Industry
Healthcare Industry
Research Institutions
Pharmaceutical Industry
In the Artificial Intelligence (AI) in Precision Medicine Market, key end-use industries include the healthcare industry, research institutions, and the pharmaceutical industry. In the healthcare industry, AI is utilized to enhance diagnostics, tailor treatments to individual patient profiles, and improve patient management by analyzing extensive medical data and providing actionable insights. Research institutions leverage AI to advance scientific research, analyze complex biological datasets, and uncover new therapeutic targets, which drives the development of innovative treatments and expands medical knowledge. The pharmaceutical industry benefits from AI by streamlining drug discovery and development processes, predicting drug interactions, optimizing clinical trials, and identifying promising new drug candidates, thereby accelerating the introduction of new medications. Each of these industries employs AI to increase efficiency, accuracy, and effectiveness, contributing significantly to the advancement of precision medicine.
Company-
BioXcel Therapeutics, Inc.
Sanofi S.A.
NVIDIA Corp.
Alphabet Inc. (Google Inc.)
IBM
Microsoft
Intel Corp.
AstraZeneca plc
GE HealthCare
Enlitic, Inc.
Please ask for sample pages for full companies list
Base Year: 2023
Historical Data: from 2019 to 2023
Forecast Data: from 2024 to 2031
Any special requirements about this report, please let us know and we can provide custom report.
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