Artificial Intelligence (AI) In Precision Therapies Market - Forecasts from 2024 to 2029

Artificial Intelligence (AI) In Precision Therapies Market - Forecasts from 2024 to 2029

Artificial intelligence (AI) in the precision therapies market is expected to grow at a CAGR of 27.56%, reaching a market size of US$7.506 billion in 2029 and US$2.223 billion in 2024.

AI in the precision therapies market is a unique and disruptive method that is revolutionizing personalized medicine and patient care. Custom-made medication aims to tailor medical treatments to individual patients’ genetics, way of life, and disease characteristics to achieve the best results with the least side complications. Within this field, the application of AI technology has become much faster in exploring potential biomarkers, targets for drug action, options for treatment, and inefficient data management and stratification of patients. Suitable AI techniques can handle large volumes of patient records, genetic information, and outcomes from clinical trials, thus assisting healthcare providers in administering their patients with targeted medications and therapies.

The market of AI in precision therapies is considerably promising in that it could reshape the healthcare sector into more effective and patient-oriented therapies.

Artificial intelligence (AI) in the precision therapies market drivers?
Rising trends in personalized and precision medicine are increasing the Artificial Intelligence (AI) in precision therapies market growth.

AI technologies employed in precision therapies are rising due to changes in personalized and precision medicine. These changes stress the importance of customizing medical interventions to different patients who have varying genetic makeups, lifestyles, and disease characteristics. New technologies and molecular biology have made identifying various biomarkers and therapeutic targets possible, making treatment more accurate and specific. AI is pivotal in predicting treatment responses and disease outcomes through extensive datasets such as genomes, clinical data, and real-time patient information. The growing emphasis on the effectiveness of personalized or precision medicine in promoting positive patient outcomes has led to increased uptake of AI-based systems in precision therapeutics.

Artificial intelligence (AI) in the precision therapies market - geographical outlook
North America is witnessing exponential growth during the forecast period

The US has led the research, development, and use of AI technology in precision medicine and therapeutics. It is not surprising that North America leads due to its well-established healthcare facilities, high-level AI funding, and large-scale pharmaceutical and biotech companies. In addition, the region's general trend towards personalized medicine and precision healthcare has created a market for AI-infused solutions that enhance treatment and patient outcomes. Advances in AI technologies will ensure that North America remains the largest shareholder in AI in the precision therapies market.

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Report Coverage:

Historical data & forecasts from 2022 to 2029
Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
Competitive Positioning, Strategies, and Market Share Analysis
Revenue Growth and Forecast Assessment of segments and regions including countries
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The Artificial Intelligence (AI) in precision therapies market is segmented and analyzed as follows:

By Therapy Type

Personalized Medicine
Targeted Therapies
Gene Therapies
Cell Therapies
Immunotherapies
Others

By Application

Oncology
Neurology
Cardiology
Infectious Diseases
Rare Diseases
Autoimmune Diseases
Others

By End-User Industry

Hospitals And Clinics
Pharmaceutical And Biotechnology Companies
Research Institutes And Academic Centers
Others

By Geography

North America
United States
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
United Kingdom
Germany
France
Italy
Spain
Others
Middle East and Africa
Saudi Arabia
UAE
Others
Asia Pacific
Japan
China
India
South Korea
Taiwan
Thailand
Indonesia
Others