The Business Research Company’s Artificial Intelligence (AI) In Precision Medicine Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Artificial Intelligence (AI) In Precision Medicine Global Market Report 2023 evaluates artificial intelligence (ai) in precision medicine market size, growth rate, drivers, trends, and major companies.
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The report provides
a global perspective by covering 60 geographies and focusing on major economies
in each region – Asia-Pacific, Western Europe, Eastern Europe, North America,
South America, Middle East, Africa.
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The global
artificial intelligence (AI) in precision medicine market is expected to grow
from $1.41 billion in 2022 to $1.82 billion in 2023 at a compound annual growth
rate (CAGR) of 29.3%. The Russia-Ukraine war disrupted the chances of global
economic recovery from the COVID-19 pandemic. The war between these two
countries has led to economic sanctions on multiple countries, surge in
commodity prices, and supply chain disruptions, causing inflation across goods
and services and resulted in increased interest rates affecting many markets
across the globe. The artificial intelligence (AI) in the precision medicine
market is expected to reach $5.22 billion in 2027, at a CAGR of 30.1%.
The high
prevalence of chronic illnesses and respiratory disorders is expected to propel
the growth of artificial intelligence in the precision medicine market going
forward. Chronic illnesses refer to a medical condition that lasts longer than
a year and requires ongoing medical attention, while respiratory disorders are
diseases that affect the airways and the lungs. Artificial intelligence in
precision medicine helps in diagnosing and predicting the outcomes for people
suffering from respiratory diseases based on clinical data and chest imaging.
It is used in precision medicine to treat chronic illnesses because it reduces
costs and optimizes resource utilization. For instance, in May 2023, the United
Nations, a US-based intergovernmental organization, estimated that chronic
diseases such as cardiovascular diseases, cancer, diabetes, and respiratory
illnesses would account for 86% of the 90 million deaths by 2050. Additionally,
in January 2023, the National Library of Medicine, a US-based medical library
operated by the federal government, issued a report predicting a 99.5% increase
in Americans with at least one chronic condition from 71.522 million in 2020 to
142.66 million in 2050. Therefore, the high prevalence of chronic illnesses and
respiratory diseases will drive artificial intelligence in the precision medicine
market.
Get More Information On The Artificial Intelligence
(AI) In Precision Medicine Market Report:
The artificial
intelligence (ai) in precision medicine market segments in the report are:
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
The table of contents in TBRC’s artificial intelligence (ai) in
precision medicine market report includes:
1. Executive Summary
2. Artificial Intelligence (AI) in Precision Medicine Market
Characteristics
3. Artificial Intelligence (AI) in Precision Medicine Market Trends And
Strategies
4. Artificial Intelligence (AI) in Precision Medicine Market - Macro
Economic Scenario
5.Global Artificial Intelligence (AI) in Precision Medicine Market
Drivers and Restraints
.
32. Global Artificial Intelligence (AI) in Precision Medicine Market
Competitive Benchmarking
33. Global Artificial Intelligence (AI) in Precision Medicine Market
Competitive Dashboard
34. Key Mergers And Acquisitions In The Artificial Intelligence (AI) in
Precision Medicine Market
35. Artificial Intelligence (AI) in Precision Medicine Market Future
Outlook and Potential Analysis
36. Appendix
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