Markntel Advisors, a leading consulting, data analytics, and market research firm, recently published an analytical report description that describes the recent achievements and developments of prominent players including new launching of innovative products, strategic collaborations, or partnerships, that bolster the growth of the Global Artificial Intelligence (AI) in Precision Medicine market. The research report on the Global Artificial Intelligence (AI) in Precision Medicine Market presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts.

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The report further comprises, “Global Artificial Intelligence (AI) in Precision Medicine Market Research Report: Forecast (2024-2030)”,

The Market size was valued at USD 1.7 billion in 2023 and is projected to reach USD 14.5 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 27% during the forecast period, i.e., 2024-30.

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Global Artificial Intelligence (AI) in Precision Medicine Market Challenge:

Ethical and Regulatory Challenges with AI to Impact Market Growth – AI has great potential and advancement in precision medicine, but the approach has certain ethical & regulatory challenges that have been hindering its widespread adoption. The ethical challenges concerning patient privacy and surveillance, bias, and discrimination, and the role of human judgment have been restricting concerned healthcare authorities, researchers, and many medical practitioners from relying upon such technologies. This not only affects the revenue growth of companies that are present in the realm of Artificial Intelligence (AI) in Precision Medicine but also limits patient access to life-saving novel treatments.

Further, companies need to comply with certain regulatory challenges, however, due to a lack of policies & guidelines in earlier times regarding AI, authorities like the US FDA, EMA, and others have been regularly updating the regulations as per the present requirements. The regular updates have made it complicated for companies especially those with limited budgets & resources to comply with regulations. As a result, they either face the issues of product recall or fail to introduce their newer software & services. Ultimately, the Global Market for Artificial Intelligence (AI) in Precision Medicine faces negative growth patterns.

Global Artificial Intelligence (AI) in Precision Medicine Market Analysis Based On Segment, Geography

The Global Artificial Intelligence (AI) in Precision Medicine market is segmented into significant segments based on:

By Component

-Hardware- Market Size & Forecast 2019-2030, USD Million

-Software- Market Size & Forecast 2019-2030, USD Million

-Services- Market Size & Forecast 2019-2030, USD Million

By Technology

-Deep Learning- Market Size & Forecast 2019-2030, USD Million

-Machine Learning- Market Size & Forecast 2019-2030, USD Million

-Querying Method- Market Size & Forecast 2019-2030, USD Million

-Natural Language Processing- Market Size & Forecast 2019-2030, USD Million

-Context-Aware Processing- Market Size & Forecast 2019-2030, USD Million

By Therapeutic Application

-Oncology- Market Size & Forecast 2019-2030, USD Million

-Neurosciences- Market Size & Forecast 2019-2030, USD Million

-Cardiology- Market Size & Forecast 2019-2030, USD Million

-Hematological Diseases- Market Size & Forecast 2019-2030, USD Million

-Autoimmune Diseases- Market Size & Forecast 2019-2030, USD Million

-Others (Respiratory, Kidney Diseases, etc.)- Market Size & Forecast 2019-2030, USD Million

By Region

-North America

-South America

-Europe

-The Middle East & Africa

-Asia-Pacific.

Read Detailed Index of full Research Study at – https://www.marknteladvisors.com/research-library/global-artificial-intelligence-in-precision-medicine-market.html

Top Companies Essentially Working in Global Artificial Intelligence (AI) in Precision Medicine Market

Tempus, Intel Corporation, Zephyr AI, IBM, NVIDIA Corporation, Intuz, Google LLC, Persistent Systems, Owkin, Inc., and Others.

Frequently Asked Questions (FAQs)-

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What leading factors would propel and impede the industry across the geography?
4. How has the industry been evolving in terms of geography & Global Artificial Intelligence (AI) in Precision Medicine adoption?
5. How has the competition been shaping up across the geography?

6.       Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

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