Press release
Top Market Shifts Transforming the Data-Driven Precision Medical Service Market Landscape: Key Insights
Data Driven Precision Medical Service Market
What Is the Expected CAGR for the Data-Driven Precision Medical Service Market Through 2025?
The market for data-driven precision medical services has seen a significant surge in size over the past few years. Projected to rise from $137.51 billion in 2024, it is expected to reach an impressive $165.24 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 20.2%. Factors contributing to this remarkable growth during the historical period include the increasing adoption of electronic health records, escalating demand for personalized healthcare, expanded use of artificial intelligence in medical care, a growing requirement for precise diagnostic tools, and burgeoning initiatives in healthcare data analytics.
What's the Projected Size of the Global Data-Driven Precision Medical Service Market by 2029?
The market size for data-driven precision medicinal services is predicted to undergo accelerated expansion in the coming years, reaching a value of $340.44 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 19.8%. This anticipated growth during the forecast period can be linked to increased adoption of genomics and precision medicine, the rise of artificial intelligence and machine learning applications, heightening demand for real-time patient monitoring, growing investments in healthcare data analytics, and a heightened focus on preventive and personalised healthcare. Key trends to watch during the forecast period include advances in artificial intelligence algorithms, innovations in the interpretation of genomic data, the incorporation of cloud-based platforms in healthcare, improvements in predictive analytics for patient outcomes, and novel developments in personalised treatment planning.
View the full report here:
https://www.thebusinessresearchcompany.com/report/data-driven-precision-medical-service-global-market-report
Top Growth Drivers in the Data-Driven Precision Medical Service Industry: What's Accelerating the Market?
The escalating utilization of solutions based on the cloud is anticipated to fuel the expansion of the data-driven precision medical service market in the future. Cloud-based solutions encompass software, platforms, or infrastructure offered via the internet, facilitating immediate access, storage, and computing without necessitating local installation. The adoption of such solutions is motivated by their scalability, letting organizations swiftly modify computing resources in response to demand, minus substantial upfront infrastructure investment. This scalability of cloud-based solutions empowers healthcare organizations to speedily modify resources in response to demand, bolstering real-time patient data analysis, predictive modeling, and customized care. To illustrate, Ace Cloud (Ace Cloud Hosting), a US-focused cloud computing solution for healthcare and HealthTech applications, states that the healthcare field is rapidly adopting cloud technology, with 95% of organizations deploying it for managing patient data. The adoption of cloud in healthcare shot up by 41% year-on-year in 2025, representing the highest growth across all industry fields. As a result, the increasing adoption of cloud-based solutions is projected to steer the expansion of the data-driven precision medical service market.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=28188&type=smp
What Trends Will Shape the Data-Driven Precision Medical Service Market Through 2029 and Beyond?
The data-driven precision medical service market is witnessing a surge in innovative advancements by leading corporations, like the use of deep learning for multi-omics discovery, to expedite the process of biomarker detection, personalize treatment plans and boost clinical decision-making in areas such as oncology. The technique involves using AI principles to decipher intricate genomic, epigenomic, transcriptomic and proteomic data, thereby identifying new biomarkers and therapeutic objectives. For instance, in January 2023, Guardant Health, an American biotech company, unveiled Guardant Galaxy, a set of refined analytical tools. Constructed through a combination of internal research and external cooperation, this program aims to enhance the precision and clinical applicability of Guardant Health's current cancer tests. By incorporating state-of-the-art analytics, Guardant Galaxy supports more accurate patient diagnosis and customized treatment strategies, while also speeding up the discovery of new biomarkers and therapeutic goals, sparking future drug development.
What Are the Main Segments in the Data-Driven Precision Medical Service Market?
The data-driven precision medical service market covered in this report is segmented as
1) By Types: Cloud Based, On-Premises
2) By Technology: Artificial Intelligence And Machine Learning, Big Data Analytics, Genomics And Sequencing, Cloud Computing, Blockchain, Digital Twin Technology, Wearables And Internet Of Things
3) By Application: Hospital, Clinic, Other Applications
Subsegments:
1) By Cloud Based: Public Cloud Deployment, Private Cloud Deployment, Hybrid Cloud Deployment
2) By On Premises: Dedicated Server Infrastructure, Enterprise Data Center Deployment, Localized Computing Environment
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=28188&type=smp
Which Top Companies are Driving Growth in the Data-Driven Precision Medical Service Market?
Major companies operating in the data-driven precision medical service market are Samsung Electronics Co. Ltd., Roche Holding AG, Novartis AG, Thermo Fisher Scientific Inc., Agilent Technologies Inc., Illumina Inc., BioNTech SE, QIAGEN N.V., Natera Inc., Precision Medicine Group Inc., Guardant Health Inc., Tempus Labs Inc., Flatiron Health Inc., Certara L.P., Verily Life Sciences LLC, GenomOncology Inc., SOPHiA GENETICS SA, Recursion Pharmaceuticals Inc., DNAnexus Inc., Biomea Fusion Inc.
Which Regions Will Dominate the Data-Driven Precision Medical Service Market Through 2029?
North America was the largest region in the data-driven precision medical service market in 2024. The regions covered in data-driven precision medical service report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=28188
This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Top Market Shifts Transforming the Data-Driven Precision Medical Service Market Landscape: Key Insights here
News-ID: 4213363 • Views: …
More Releases from The Business Research Company
The Increasing Prevalence Of Chronic Diseases Is Fueling The Growth Of The Marke …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Complex Injectable Market Through 2025?
Over the past few years, the size of the complex injectable market has seen a swift expansion. The market which is expected to surge from $17.70 billion in 2024 to $19.77 billion in 2025, projects a Compound…
2025-2034 Cloud-Based Rare Disease Family Registry Market Evolution: Disruptions …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Cloud-Based Rare Disease Family Registry Market Through 2025?
The market size for the cloud-based rare disease family registry has seen fast-paced growth in recent years. This market is projected to expand from $1.19 billion in 2024 to $1.40 billion in 2025, showcasing…
Soaring Demand Set to Propel Clinical-Stage Biotechnology Market to $84.16 Billi …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Clinical-Stage Biotechnology Market Through 2025?
The expansion in the clinical-stage biotechnology market has been swift and significant in recent years. In fact, its size is anticipated to catapult from $40.65 billion in 2024 to $47.14 billion in 2025, exhibiting a compound annual…
Increasing Number Of Surgical Procedures Fueling The Market Growth Due To Aging …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Class S Autoclaves Market Through 2025?
In the last few years, a swift expansion has been observed in the size of the class s autoclaves market. With a compound annual growth rate of 10.8%, it is anticipated to rise from $1.04 billion…
More Releases for Data
Data Catalog Market: Serving Data Consumers
Data Catalog Market size was valued at US$ 801.10 Mn. in 2022 and the total revenue is expected to grow at a CAGR of 23.2% from 2023 to 2029, reaching nearly US$ 3451.16 Mn.
Data Catalog Market Report Scope and Research Methodology
The Data Catalog Market is poised to reach a valuation of US$ 3451.16 million by 2029. A data catalog serves as an organized inventory of an organization's data assets, leveraging…
Big Data Security: Increasing Data Volume and Data Velocity
Big data security is a term used to describe the security of data that is too large or complex to be managed using traditional security methods. Big data security is a growing concern for organizations as the amount of data generated continues to increase. There are a number of challenges associated with securing big data, including the need to store and process data in a secure manner, the need to…
HOW TO TRANSFORM BIG DATA TO SMART DATA USING DATA ENGINEERING?
We are at the cross-roads of a universe that is composed of actors, entities and use-cases; along with the associated data relationships across zillions of business scenarios. Organizations must derive the most out of data, and modern AI platforms can help businesses in this direction. These help ideally turn Big Data into plug-and-play pieces of information that are being widely known as Smart Data.
Specialized components backed up by AI and…
Test Data Management (TDM) Market - test data profiling, test data planning, tes …
The report categorizes the global Test Data Management (TDM) market by top players/brands, region, type, end user, market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
This report studies the global market size of Test Data Management (TDM) in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption…
Data Prep Market Report 2018: Segmentation by Platform (Self-Service Data Prep, …
Global Data Prep market research report provides company profile for Alteryx, Inc. (U.S.), Informatica (U.S.), International Business Corporation (U.S.), TIBCO Software, Inc. (U.S.), Microsoft Corporation (U.S.), SAS Institute (U.S.), Datawatch Corporation (U.S.), Tableau Software, Inc. (U.S.) and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY…
Long Term Data Retention Solutions Market - The Increasing Demand For Big Data W …
Data retention is a technique to store the database of the organization for the future. An organization may retain data for several different reasons. One of the reasons is to act in accordance with state and federal regulations, i.e. information that may be considered old or irrelevant for internal use may need to be retained to comply with the laws of a particular jurisdiction or industry. Another reason is to…
