Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • +44 (0)20 7454 5110
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All Public Company News
      • All Multimedia News
      • View All News Releases

      • Regulatory News

      • D/A/CH Regulatory News
      • UK Regulatory News
      • View All Regulatory News

  • Business & Money
      • Auto & Transportation

      • Aerospace & Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads & Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking & Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers & Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalisation
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls & Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil & Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defence
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation & Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking & Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers & Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines & Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics & Personal Care
      • Fashion
      • Food & Beverages
      • Furniture & Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewellery
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks & Tourist Attractions
      • Gambling & Casinos
      • Hotels & Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Animal Welfare
      • Corporate Social Responsibility
      • Economic News, Trends & Analysis
      • Education
      • Environmental
      • European Government
      • Labour & Union
      • Natural Disasters
      • Not For Profit
      • Public Safety
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Overview
  • Distribution
  • Paid Placement
  • Multimedia
  • Disclosure Services
  • SocialBoost
  • Rooms
    • MediaRoom
    • ESG Rooms
  • AI Tools
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Hamburger menu
  • Cision PR Newswire UK provides press release distribution, targeting, monitoring, and marketing services
  • Send a Release
    • Phone

    • +44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT

    • ALL CONTACT INFO
    • Contact Us

      +44 (0)20 7454 5110
      from 8 AM - 5:30 PM GMT

  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • News in Focus
    • Browse News Releases
    • Regulatory News
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • Overview
  • Distribution
  • Paid Placement
  • Multimedia
  • Disclosure Services
  • Cision Communications Cloud®
  • AI Tools
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists

AI in Precision Medicine Market to Hit US$ 3.92 Billion by 2030 with 30.7% CAGR | MarketsandMarkets™


News provided by

MarketsandMarkets

02 Dec, 2024, 15:30 GMT

Share this article

Share toX

Share this article

Share toX

DELRAY BEACH, Fla., Dec. 2, 2024 /PRNewswire/ -- The global AI in precision medicine market is projected to reach USD 3.92 billion by 2030 from USD 0.78 billion in 2024, at a CAGR of 30.7% from 2024  to 2030. The major factors driving the growth of the AI in precision medicine market include rapidly increasing need for more customized treatments, improvement in genomics and multi-omics technologies, and a drive to accelerate drug development is driving advances in AI in precision medicine. The ability of AI to analyse such complex biological and clinical data thus allows quicker identification of mechanisms for the disease as well as tailored therapies. Additionally, factors such as increasing costs of healthcare and failures of traditional approaches pave the way for embracing AI in an aim to optimize diagnostic procedures, advance the methodologies of treatment, and elevate patient outcomes.

This image opens in the lightbox
MarketsandMarkets Logo

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=153786351

Browse in-depth TOC on "AI in Precision Medicine Market"

250 - Tables
60 - Figures
300 - Pages

The rising shift towards integrating Al for drug discovery and development, diagnostic and screening and therapeutics augments the growth of the market. Al tools play a major role in precision medicine market by enabling highly personalized healthcare solutions via advanced data analytics. When it comes to complex structures such as genomic sequences or patient imaging, deep learning models such as Convolutional Neural Networks (CNNs) and Recurrent Neural Networks (RNNs) are frequently employed. On the other hand, Generative Adversarial Networks (GANs) paired with Graph Neural Networks (GNNs) focuses more on drug discovery where patients' characteristics and model driven data are tangled together.

Support vector machines and other common classification and regression algorithms are examples of supervised techniques that help in the diagnosis of a disease and prediction of the possible risk of occurrence of the disease. Conversely, unsupervised methods such as data exploration techniques (e.g. clustering approximation) and feature extraction techniques (e.g. PCA) focus on trends, patterns, or bonding in the data that do not incorporate groups to assist in devising ways to treat the patient's illness effectively. These aids in advancing the concept of tailoring treatment to specific patients while cutting down on treatment costs and enhancing treatment results.

Based on therapeutic area, the Al in precision medicine market is segmented into oncology, rare diseases, infectious diseases, neurology, cardiology, hematology, and others. The neurology segment is expected to register highest growth rate due to the increasing number of neurological disorders and the difficulties associated with drug discovery in this field. Employing Al technologies in drug development shortens the process since many neurological diseases, such as Parkinson's disease, Alzheimer's, or multiple Sclerosis are hard to diagnose and treat.

As per World Health Organization, neurological disorders affected more than 3 billion people worldwide as of the year 2021. This shows the need for modern health care systems. Al based platforms for the development of drugs is applicable in neurology which enhances the ability to study large amounts of complex neurological data in search of possible drug targets quickly and accurately. This, combined with rising expenditure in the field of neurology, explains the increased growth of the market because of the availability and growing usage of large-scale data sets from clinical trials and genomics, neuroimaging, and electronic health records (EHR) stations. In America, exciting neurology companies had USD 1.14 billion worth of venture investments in 2023. Resources such as the Alzheimer's Disease Neuroimaging Initiative (ADNI) make it possible to perform machine learning due to the available data.

Among the applications, drug discovery & development is expected to dominate the AI in precision medicine market. This is attributed to AI that can analyse complex biological data, determine biomarkers and ultimately speed the discovery of targeted therapies. AI reduces the time and cost associated with early-stage research by streamlining drug candidate identification and optimizing compound design. The application of AI becomes most evident in the practice of medicine focusing on oncology, rare disease and genetic disorders where only tailored therapies are effective in the case of human beings. The two companies, Atomwise and Benevolent AI, demonstrate how AI is changing the paradigm of drug development, which is the largest application segment in precision medicine.

Request Sample Pages : https://www.marketsandmarkets.com/requestsampleNew.asp?id=153786351

The major players in the AI in precision medicine market with a significant global presence are NVIDIA Corporation (US), Google, Inc. (US), Microsoft (US), IBM (US), Illumina, Inc. (US), Exscientia (UK), Insilico Medicine (US), GE Healthcare (US), Tempus (US), Siemens Healthineers AG (Germany), BioXcel Therapeutics, Inc. (US), BenevolentAI (UK), PathAI, Inc. (US), Guardant Health (US), GRAIL, Inc. (US), FOUNDATION MEDICINE, INC. (US), FLATIRON HEALTH (US), Proscia Inc. (US), DEEP GENOMICS. (Canada), Verge Genomics (US), Predictive Oncology (US), Paige AI, Inc. (US), Densitas Inc. (Canada), Zephyr AI (US), and Iktos (France). The market players have adopted strategies such as acquisitions, collaborations, partnerships, mergers, product/service launches & enhancements, and approvals to strengthen their position in the AI in precision medicine market. The product and technology innovations have helped the market players expand globally by providing advanced AI technologies and platforms to enhance treatment predictions and personalized care.

NVIDIA Corporation:

NVIDIA Corporation designs and develops graphics processing units (GPUs), personal computers (PCs), mobile and cloud architectures, among other technologies. The company creates deep learning, machine learning, and other artificial intelligence technologies. The company's products are used in a variety of industries, including architecture, engineering, construction, and operations; automotive; consumer internet; cybersecurity, energy, and financial services; healthcare and life sciences; higher education; game development; manufacturing; media and entertainment; public sector; restaurants; retail and CPG; robotics; smart cities and spaces; supercomputing; telecommunications; and transportation. NVIDIA Corporation has two primary business segments, which are Graphics, and Compute & Networking.

Nvidia's GPUs are utilized in Artificial Intelligence workloads for drug discovery applications like molecular modelling and simulations, including ML. Nvidia's offer for drug discovery serves a wide range of applications beginning with development tools, libraries and frameworks for authoring and running AI solutions. NVIDIA Clara Discovery is a body of software developed to enable the understanding of drug discovery using AI. NVIDIA Clara Guardian is an integrated solution that comprises multimodal artificial intelligence and smart sensors aimed at optimizing the healthcare services delivered within medical facilities. NVIDIA BioNeMo, as an AI generative platform, is suited towards the process of drug development, containing flexible and adaptable AI technologies for prediction of protein structure, molecular generation and molecular property predictions.

Headquartered in Santa Clara, CA, NVIDIA Corporation has over 50 offices geographically spread in North America, Asia, Europe, the Middle East, and Africa, Latin America. The latter has production units within the United States and Taiwan. In addition, the company collaborates with other pharmaceutical and biotech companies in the quest to create innovative drug discovery systems that rely on Artificial intelligence.

Google, Inc.: 

In terms of global technology advancements, Google is one of the leaders, and the main areas of its activities are advertising, search, operating systems and platforms, as well as enterprise and hardware goods. Alphabet, Inc. is the parent company of Google. Its search segment provides a wide range of search engine services, including an index of numerous websites and other online materials.

Google differentiates its revenue streams into two operating segments: Google Services, Google Cloud, and the Other Bets. The organization operates as a conglomerate and the major share of the revenue earned is from Google Services. The main products of Google include – Advertisements, Search, Maps, Chrome, the Android operating system, YouTube, Google Play and Commerce, Hardware and Gmail. The organization has several subsidiaries that allow it to do business in the health sector including TensorFlow, Google X, DeepMind Technologies Limited, Calico and GV. Google Brain is an internal branch of the corporation that focuses on creating various kinds of artificial intelligence such as machine learning algorithms and other artificial intelligence applications, speech and music synthesis art, and even robotic systems. In addition, Google provides solutions powered by Al technologies aimed to speed up drug invention, such as the Target and Lead Identification Suite, Multiomics Suite, and Google DeepVariant. These tools are designed to make the drug target and drug lead identification process precise and effective, and they indicate that Google is helping in the development of pharmaceuticals using Al technology. The organization has more than 85 regional offices across the world in about 50 countries.

Microsoft:

Microsoft provides software and various license suites. The corporation has three reportable segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The company's Azure platform is available through the Intelligent Cloud segment. The company's Al and cloud-based Microsoft Azure platform offers computing, networking, storage, database, and administration services. The platform helps pharmaceutical and life science organisations speed precision medicine by providing secure and dependable worldwide data storage and processing services. The platform also helps pharmaceutical businesses accelerate innovation and improve operational performance.

The company delivers a variety of cloud, mobile, and productivity solutions. Microsoft's cloud products include SaaS, LaaS, and PaaS. Microsoft has made significant investments in managed services for the hybrid cloud, lot, and edge computing platforms. Microsoft's innovations, such as Azure Sphere, Digital Twins, and Azure IoT Central, have propelled them ahead of the competition in the IoT and edge computing industries. The company introduced Azure Edge Zones, which combine cloud-managed services, hardware, and high-speed 5G networks. The company is present in approximately 190 countries spanning the Americas, Europe, the Middle East and Africa, Asia Pacific, and Latin America.

For more information, Inquire Now!

Related Reports:

Home Healthcare Market

Clinical Trials Market

Biomarkers Market

Artificial Intelligence in Medical Diagnostics Market

Artificial Intelligence in Genomics Market

Get access to the latest updates on AI in Precision Medicine Companies and AI in Precision Medicine Market Size

About MarketsandMarkets™:

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:

Mr. Rohan Salgarkar
MarketsandMarkets™INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com/

Logo: https://mma.prnewswire.com/media/1951202/4609423/MarketsandMarkets.jpg 

Modal title

Also from this source

Breast Biopsy Devices Market worth US$3,261.7 million by 2030 with 6.5% CAGR | MarketsandMarkets™

Breast Biopsy Devices Market worth US$3,261.7 million by 2030 with 6.5% CAGR | MarketsandMarkets™

The global Breast Biopsy Devices Market, valued at US$2,255.0 million in 2024, is forecasted to grow at a robust CAGR of 6.5%, reaching US$2,384.1...

Conversational AI Market worth $49.80 billion by 2031- Exclusive Report by MarketsandMarkets™

Conversational AI Market worth $49.80 billion by 2031- Exclusive Report by MarketsandMarkets™

The Conversational AI Market is slated to expand from USD 17.05 billion in 2025 to USD 49.80 billion by 2031 at a CAGR of 19.6% during the forecast...

More Releases From This Source

Explore

Health Care & Hospitals

Health Care & Hospitals

Computer & Electronics

Computer & Electronics

Artificial Intelligence

Artificial Intelligence

News Releases in Similar Topics

Contact PR Newswire

  • +44 (0)20 7454 5110
    from 8 AM - 5:30 PM GMT
  • General Enquiries
  • Media Enquiries
  • Partnerships

Products

  • Content Distribution
  • Multimedia Services
  • Disclosure Services
  • Cision Communications Cloud®

About

  • About PR Newswire
  • About Cision
  • Partnering Opportunities
  • Careers
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
  • Data Privacy

Do not sell or share my personal information:

  • Submit via Privacy@cision.com 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
+44 (0)20 7454 5110
from 8 AM - 5:30 PM GMT
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 PR Newswire Europe Limited. All Rights Reserved. A Cision company.