Artificial Intelligence in Precision Medicine Market size was valued at USD 6.1 Billion in 2024 and is projected to reach USD 26.9 Billion by 2033, exhibiting a CAGR of 18.2% from 2026 to 2033.
The global Artificial Intelligence in Precision Medicine market was valued at approximately USD 1.82 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 33.2% from 2023 to 2030. This growth is driven by increasing demand for personalized treatments, integration of AI in drug discovery, and rapid developments in genomic data analysis. North America held the largest regional share in 2022, accounting for over 42% of the global market due to the presence of advanced healthcare infrastructure and high investments in AI based research. Europe followed with a significant share owing to government backed AI healthcare initiatives and widespread adoption in clinical settings. Asia Pacific is expected to witness the fastest growth rate during the forecast period, fueled by expanding healthcare IT infrastructure, growing patient data pools, and supportive regulatory frameworks in countries like China, India, and Japan.
The market offers considerable opportunities across several application areas including oncology, neurology, and cardiology, where AI is used for early disease detection, diagnostics, and treatment optimization. The integration of machine learning models with patient specific genetic data is creating demand for precision diagnostics and targeted therapies. Increasing collaborations between research institutes and healthcare providers are also accelerating AI deployment in personalized treatment planning. The surge in wearable health technologies and real time data collection tools opens new avenues for AI driven patient monitoring and predictive analytics. With the global push toward value based care, the demand for AI in precision medicine is poised to expand rapidly, especially in emerging markets where healthcare digitization is on the rise.
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Intel AI
IBM
GE Healthcare
Thermo Fisher Scientific
Qiagen
Berg Health
Medasense Biometrics
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Artificial Intelligence in Precision Medicine Market
Machine Learning
Natural Language Processing
Deep Learning
Computer Vision
Drug Discovery
Genomics
Diagnostics
Personalized Treatment
Patient Monitoring
Pharmaceutical Companies
Healthcare Providers
Research Organizations
Diagnostics Laboratories
Cloud-Based
On-Premises
Hybrid
Clinical Data
Genomic Data
Patient-Generated Data
Health Records
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Artificial Intelligence in Precision Medicine Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Artificial Intelligence in Precision Medicine Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Artificial Intelligence in Precision Medicine Market, By Type
6. Global Artificial Intelligence in Precision Medicine Market, By Application
7. Global Artificial Intelligence in Precision Medicine Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Artificial Intelligence in Precision Medicine Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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