Artificial Intelligence (AI) in Precision Medicine Market Size, Share and Forecast Analysis to 2030

Future of Executive Summary Artificial Intelligence (AI) in Precision Medicine Market: Key Dynamics, Size Share Analysis

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.

Asthma chronic obstructive pulmonary disease (COPD) are most in the world responsible for high mortality rates. Ultimately, the need for AI in assessing the role of abnormally expressed genes identifying potential novel targets for life-changing precision medicines has been greater than before. As a result, the Market has been experiencing positive growth trends. For instance, in 2023 COPD remained the 3rd leading cause of death worldwide as the WHO reported.

Top Market Challenges Impacting the Artificial Intelligence (AI) in Precision Medicine Market Growth

Ethical and Regulatory Challenges with AI to Impact Market Growth – AI has great potential and advancement in precision medicine, but the approach has certain ethical regulatory challenges that have been hindering its widespread adoption. The ethical challenges concerning patient privacy and surveillance, bias, and discrimination, and the role of human judgment have been restricting concerned healthcare authorities, researchers, and many medical practitioners from relying upon such technologies. This not only affects the revenue growth of companies that are present in the realm of Artificial Intelligence (AI) in Precision Medicine but also limits patient access to life-saving novel treatments.

Understanding the Core Segments in the Artificial Intelligence (AI) in Precision Medicine Market

Artificial Intelligence (AI) in Precision Medicine Market Size, Share Industry Trends Analysis- By Component (Hardware, Software, Services), By Technology (Deep Learning, Machine Learning, Querying Method, Natural Language Processing, Context-Aware Processing), By Therapeutic Application (Oncology, Neurosciences, Cardiology, Hematological Diseases, Autoimmune Diseases, Others (Respiratory, Kidney Diseases, etc.)).

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Geographical Analysis of the Artificial Intelligence (AI) in Precision Medicine Market

North America
South America
Europe
The Middle East Africa
Asia-Pacific

North America expects to hold a prominent market share of Global Artificial Intelligence (AI) in Precision Medicine Market, among all regions. In the region, over the years, there have been a significant number of patients with various cancers including breast lung.

Who Dominates the Artificial Intelligence (AI) in Precision Medicine Market Insights on Key Industry Players?

Companies are strengthening their presence in the consumer electronics market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.

Tempus
Intel Corporation
Zephyr AI
IBM
NVIDIA Corporation
Intuz
Google LLC
Persistent Systems
Owkin, Inc.
GE Healthcare
Insilico Medicine
Atomwise
BioXcel Therapeutics
Sanofi and others.

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