Press release
Artificial Intelligence (AI) in Precision Medicine Global Market Set to Reach $9.18 billion by 2025 registering a CAGR of 28.9%
Artificial Intelligence (AI) in Precision Medicine Market
What Is The Projected Market Size Of Global Artificial Intelligence (AI) in Precision Medicine Global Market Report 2025 And Its Growth Rate?
The striking expansion of AI in precision medicine is outlined as:
• Market will grow from $2.33 billion in 2024 to $3 billion in 2025. That's a CAGR of 28.9%.
• Key growth factors: Rising healthcare data availability, increasing chronic disease burden, advancements in genomic research, burgeoning emphasis on personalized medicine, and improved computational power.
• Growth on chart: The market is set to escalate to $9.18 billion in 2029, indicative of a CAGR of 32.2%.
• Forecast growth contributors: Expansion of precision medicine initiatives, surging demand for predictive analytics in healthcare, development of genomics-based therapies, and increased funding for AI in precision medicine research.
What Is Driving The Growth In The Artificial Intelligence (AI) in Precision Medicine Global Market Report 2025?
A remarkable driver for the AI in precision medicine market growth is the high prevalence of chronic illnesses and respiratory disorders. AI in precision medicine is highly efficient in diagnosing and predicting outcomes for people with respiratory diseases based on clinical data and chest imaging. Essentially, it is crucial in treating chronic conditions, scaling down costs, and rationalizing resource utilization. For example, the United Nations projected that chronic diseases like cardiovascular diseases, cancer, diabetes, and respiratory illnesses will cobble up 86% of the 90 million deaths by 2050. Additionally, in June 2024, the Australian Institute of Health and Welfare reported that the death rate associated with chronic ailments has escalated from 459 deaths to 490 deaths per 100,000 people from 2021 to 2022. Consequently, the high occurrence of chronic diseases will stimulate the artificial intelligence in precision medicine market.
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Who Are the Key Players Driving Artificial Intelligence (AI) in Precision Medicine Global Market Report 2025 Growth?
The dynamic market panorama includes:
• Alphabet Inc.
• Microsoft Corporation
• Intel Corporation
• International Business Machines Corporation
• AstraZeneca PLC
• Sanofi S.A.
• NVIDIA Corporation
• GE HealthCare Technologies Inc.
• Illumina Inc.
• QIAGEN N.V.
• Helix Inc.
• Sema4 Holdings Corp.
• SOPHiA GENETICS SA
• Insilico Medicine
• BenevolentAI Limited
• Fabric Genomics Inc.
• Tempus Technologies Inc.
• Enlitic Inc.
• PathAI Inc.
• Genuity Science Inc.
• BERG LLC
• Perthera Inc.
• Vuno Inc.
• CureMetrix Inc.
• AITIA International Inc.
• Zephyr AI
• Freenome Inc.
• PetaGene Ltd.
• Suki AI Inc.
• BioXcel Therapeutics Inc.
What Are The Key Trends In The Artificial Intelligence (AI) in Precision Medicine Global Market Report 2025?
Key overhauled trends include:
• AI-driven biomarker discovery
• Increased use of natural language processing in healthcare
• Enhanced patient stratification through AI
• AI-enabled clinical trial optimization
• Personalized treatment plans using AI-based decision support systems
What Are The Segments Of The Global Artificial Intelligence (AI) in Precision Medicine Global Market Report 2025?
The market integrates:
1) By Component: Hardware, Software, Service
2) By Technology: Deep Learning, Querying Method, Natural Language Processing, Context Aware Processing
3) By Therapeutic Application: Oncology, Cardiology, Neurology, Respiratory, Other Therapeutic Applications
Which Region Leads The Artificial Intelligence (AI) in Precision Medicine Global Market Report 2025?
North America was the largest region in the AI in precision medicine market in 2024. Europe is foreseen to be the fastest-growing region in the forecast period. Other covered regions encompass Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Artificial Intelligence (AI) in Precision Medicine Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Artificial Intelligence (AI) in Precision Medicine Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Artificial Intelligence (AI) in Precision Medicine Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Artificial Intelligence (AI) in Precision Medicine Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Artificial Intelligence (AI) in Precision Medicine Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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