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Evolving Market Trends In The Artificial Intelligence (AI) in Precision Medicine Industry: Novel Ai-Based Life Sciences Solutions In Precision Medicine Market
Artificial Intelligence (AI) in Precision Medicine
What Is the Expected Artificial Intelligence (AI) in Precision Medicine Market Size During the Forecast Period?
The Artificial Intelligence (AI) in Precision Medicine Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Artificial Intelligence (AI) in Precision Medicine Market Size During the Forecast Period?
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What Are the High-Growth Segments in the Artificial Intelligence (AI) in Precision Medicine Market?
The artificial intelligence (AI) in precision medicine market covered in this report is segmented -
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
Subsegments:
1) By Hardware: AI Processors, High-Performance Computing Systems, Diagnostic Devices
2) By Software: AI Algorithms And Models, Data Analytics Platforms, Genomic Analysis Software, Clinical Decision Support Systems
3) By Service: Consulting Services, Integration Services, Maintenance And Support Services, Training And Education Services
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What Key Drivers Are Expected to Influence Future Artificial Intelligence (AI) in Precision Medicine Market Growth?
The rising incidence of lasting illnesses and ailments affecting the respiratory system is anticipated to boost the expansion of artificial intelligence in the precision medicine market. Lasting illnesses are those health conditions that persist for a year or more, requiring constant medical care, while respiratory diseases impact the lungs and airways. The role of artificial intelligence in precision medicine is expedient in diagnosing and predicting the prognosis of individuals with respiratory illnesses using clinical data and chest imaging. It's also utilized in precision medicine to manage lasting illnesses due to its cost-efficiency and optimal resource use. For example, in May 2023, the United Nations, a US-based multinational body, projected that lasting diseases including heart problems, cancer, diabetes, and respiratory ailments should make up 86% of the 90 million mortalities by 2050. Furthermore, in June 2024, data from the Australian Institute of Health and Welfare, a governmental entity in Australia, showed that death rates related to lasting conditions rose from 459 per 100,000 people in 2021 to 490 per 100,000 people in 2022. Thus, the rampant nature of lasting illnesses and respiratory diseases is forecasted to fuel the growth of artificial intelligence in the precision medicine market.
Which Companies Hold the Largest Share Across Different Artificial Intelligence (AI) in Precision Medicine Market Segments?
Major companies operating in the artificial intelligence (AI) in precision medicine market include 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 Trends Are Driving Growth in The Artificial Intelligence (AI) in Precision Medicine Market?
The emergence of innovative life sciences solutions that leverage artificial intelligence (AI) is a significant trend on the rise in the AI in precision medicine market. To maintain their market presence, primary companies in the AI in precision medicine market are making progressive strides in big data analytics. For instance, in May 2023, Google LLC, an American technology company, launched a ground-breaking life sciences solution powered by AI. This initiative is designed to hasten the process of drug discovery and precision medicine. An initiative called the target and lead identification suite was devised to support research teams in predicting protein structure and more accurately discerning the role of amino acids, thereby enhancing the efficacy of in silico drug development.
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What Are the Emerging Geographies for The Artificial Intelligence (AI) in Precision Medicine Market Growth?
North America was the largest region in the artificial intelligence (AI) in the precision medicine market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial intelligence (AI) in precision medicine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Artificial Intelligence (AI) in Precision Medicine Market?
2. What is the CAGR expected in the Artificial Intelligence (AI) in Precision Medicine Market?
3. What Are the Key Innovations Transforming the Artificial Intelligence (AI) in Precision Medicine Industry?
4. Which Region Is Leading the Artificial Intelligence (AI) in Precision Medicine Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
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Efficient Research: Quickly identify market growth, leading players, and major segments.
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