Global Artificial Intelligence (AI) in Precision Medicine Market Analysis, 2020 research report depicts a deep-dive market analysis of statistics of Global Artificial Intelligence (AI) in Precision Medicine market which consists of regional and country-wise market size, market forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end users, applications, product type, technologies, competitive benchmarking, etc.
Machine learning (ML), deep learning, and artificial intelligence (AI) are gaining momentum in biomedicine. The primary goal towards the integration of these technology in precision medicine is to recognize the future needs and trends and identify the requirements of AI and ML in precision health. According to MarkNtel Advisors’ research report titled “Global Artificial Intelligence (AI) in Precision Medicine Market Analysis, 2020”, the Global AI in Precision Medicine market is anticipated to grow at a CAGR of around 50% during 2020-25. Machine learning algorithms are used in healthcare institutions to draw a large amount of patient data using genomic sequences. In addition, artificial intelligence helps the companies to catalyze the drug development process in an efficient way and reduce added costs.
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AI Used in Drug Discovery Which is Escalating the Natural Language Segment Growth
In 2019, the natural language segment captured the highest market share in 2019. The primary factor for the growth of the segment is the constant use of technology in applications such as drug discovery and clinical trial identification.
Software Segment Bagged the Highest Growth
Based on type, the software segment registered the highest growth as compared to the hardware and service segments in 2019. The major factor for the growth of the software segment is due to the continuous degree of innovation in software with the evolving requirement in medicine. Moreover, the hardware segment is anticipated to foster a propelled demand through 2025 stated in the MarkNtel Advisors’ research report “Global Artificial Intelligence (AI) in Precision Medicine Market Analysis, 2020”.
Collaboration of Companies for Greater Innovation in Precision Medicine
According to MarkNtel Advisors’, the key players with a considerable market share in the Global AI in the Precision Medicine market include BioXcel Corporation, Alphabet Inc., Berg Health, General Vision, IBM Corporation, Microsoft Corporation, Intel Corporation, Enlitic Inc., General Vision, Nvidia Corporation, etc. Government organizations are investing heavily in AI companies resulting in the escalation of the research initiatives. Besides, the rising importance in the field of precision medicine is leading to numerous opportunities in cross-industry collaborations and an influx of venture capital investments. With the rising number of companies of artificial intelligence, the usage of AI in precision medicine is gradually augmenting.
Key Questions Answered in the Market Research Report
Market Outlook, Segmentation and Statistics
Frequently Asked Questions
Q. What is the historical year, base year and forecast year considered in the research report on Global Artificial Intelligence (AI) in Precision Medicine Market?
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecast up-to 2025.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million.
Q. What would be the growth rate or CAGR of Global Artificial Intelligence (AI) in Precision Medicine Market during 2020-25?
A. The growth rate of Global Artificial Intelligence (AI) in Precision Medicine Market during 2020-25 is forecast to be around 50%.
Q. Who are the key competitors or players operating in Global Artificial Intelligence (AI) in Precision Medicine Market?
A. BioXcel Corporation, Alphabet Inc., Berg Health, General Vision, IBM Corporation, Microsoft Corporation, Intel Corporation, Enlitic Inc., General Vision, Nvidia Corporation, etc. are few of the leading players in the Global Artificial Intelligence (AI) in Precision Medicine Market.
Q. Which product segment would emerge as an opportunity area for players in Global Artificial Intelligence (AI) in Precision Medicine Market?
A. On premise segment application segment is expected to attain the highest CAGR during the forecast period and maintain its significant market share.
Q. Which region would emerge as an opportunity area for players in Global Artificial Intelligence (AI) in Precision Medicine Market?
A. The North America grabbed a significant market share continue to grow at a highest CAGR, presenting immense opportunities for companies operating in Artificial Intelligence (AI) in Precision Medicine Market.
