Product Code: ETC13357246 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global AI in Precision Medicine Market was valued at USD 1.67 Billion in 2024 and is expected to reach USD 7.81 Billion by 2031, growing at a compound annual growth rate of 17.09% during the forecast period (2025-2031).
The Global AI in Precision Medicine Market is experiencing significant growth with the increasing integration of artificial intelligence (AI) technologies in the healthcare sector. AI is revolutionizing precision medicine by enabling personalized treatment plans based on individual patient data, genetic information, and other factors. The market is driven by the rising prevalence of chronic diseases, advancements in AI algorithms, and the need for more efficient and accurate diagnostic tools. Key players in the market are focusing on collaborations and partnerships to develop innovative AI solutions for precision medicine applications. North America currently dominates the market due to the presence of major healthcare technology companies and research institutions. However, the Asia-Pacific region is anticipated to witness rapid growth in the coming years, driven by the increasing adoption of AI technologies in healthcare settings.
The Global AI in Precision Medicine Market is experiencing significant growth driven by the increasing adoption of AI technologies in healthcare, the growing demand for personalized treatment options, and the rise in chronic diseases. AI is being utilized to analyze large datasets to identify patterns and make predictions for more accurate diagnosis, treatment selection, and patient monitoring. Opportunities in the market include the development of AI-powered diagnostic tools, personalized treatment plans, and drug discovery processes. Additionally, the integration of AI with genomics and other innovative technologies presents new avenues for precision medicine advancements. Companies investing in AI applications for precision medicine are poised to benefit from improved patient outcomes, reduced healthcare costs, and a more efficient healthcare system overall.
The Global AI in Precision Medicine Market faces various challenges including data privacy concerns, lack of regulatory frameworks, interoperability issues, and the need for substantial investments in infrastructure and talent. Data privacy is a significant challenge as sensitive healthcare information is involved, leading to concerns about security breaches and misuse of data. The absence of clear regulatory guidelines for AI in healthcare creates uncertainty for both developers and end-users regarding compliance and ethical standards. Interoperability challenges arise due to the diverse sources and formats of healthcare data, hindering seamless integration and analysis. Furthermore, the high costs associated with implementing AI solutions and the shortage of skilled professionals in both AI and healthcare pose obstacles to widespread adoption and success in the precision medicine market.
The Global AI in Precision Medicine Market is primarily driven by the increasing volume of healthcare data generated through electronic health records, genomics, and medical imaging. AI technology enables healthcare providers to analyze and interpret this vast amount of data quickly and accurately, leading to more personalized treatment plans for patients. Additionally, the growing adoption of AI algorithms in drug discovery and clinical trials is enhancing the efficiency and speed of developing new therapies. Moreover, the rising demand for precision medicine, which focuses on tailoring medical treatment to individual characteristics, such as genetic makeup or lifestyle factors, is fueling the market growth. Overall, the convergence of AI technology with precision medicine is revolutionizing healthcare by improving patient outcomes and reducing healthcare costs.
Government policies related to the Global AI in Precision Medicine Market primarily focus on promoting innovation, ensuring data privacy and security, and enhancing regulatory frameworks. Many governments have established initiatives to support the development and adoption of AI technologies in precision medicine, including funding research projects and providing regulatory guidance. Additionally, policies are being implemented to address concerns around data protection and ethical use of AI in healthcare. Governments are also working towards creating standardized regulations to streamline the approval process for AI-driven precision medicine solutions. Overall, government policies aim to foster a conducive environment for the growth of the AI in precision medicine market while safeguarding patient privacy and maintaining high standards of quality and safety.
The Global AI in Precision Medicine Market is expected to experience significant growth in the coming years, driven by the increasing adoption of AI technologies in healthcare, advancements in precision medicine, and the growing need for personalized treatment options. AI algorithms are enabling healthcare providers to analyze vast amounts of patient data to tailor treatment plans and interventions, leading to improved patient outcomes and reduced healthcare costs. The market is poised to witness a surge in investments, collaborations between tech companies and healthcare providers, and the development of innovative AI solutions for precision medicine applications. With the continuous evolution of AI technologies and increasing emphasis on personalized healthcare, the Global AI in Precision Medicine Market is projected to expand rapidly, offering immense opportunities for market players and contributing to the transformation of the healthcare industry.
In the Global AI in Precision Medicine Market, Asia is anticipated to experience significant growth due to the increasing adoption of AI technologies in healthcare and rising investments in precision medicine initiatives. North America is currently leading the market, driven by a strong presence of key market players, advanced healthcare infrastructure, and supportive government policies. Europe is also a prominent region in the market, characterized by a growing focus on personalized medicine and technological advancements. The Middle East and Africa region is expected to see moderate growth, attributed to the rising awareness about precision medicine benefits. Latin America is witnessing a gradual uptake of AI in precision medicine, supported by improving healthcare infrastructure and increasing collaborations between research institutions and industry players.
Global AI in Precision Medicine Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global AI in Precision Medicine Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global AI in Precision Medicine Market Revenues & Volume, 2021 & 2031F |
3.3 Global AI in Precision Medicine Market - Industry Life Cycle |
3.4 Global AI in Precision Medicine Market - Porter's Five Forces |
3.5 Global AI in Precision Medicine Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global AI in Precision Medicine Market Revenues & Volume Share, By Market Type, 2021 & 2031F |
3.7 Global AI in Precision Medicine Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Global AI in Precision Medicine Market Revenues & Volume Share, By AI Technology, 2021 & 2031F |
3.9 Global AI in Precision Medicine Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Global AI in Precision Medicine Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global AI in Precision Medicine Market Trends |
6 Global AI in Precision Medicine Market, 2021 - 2031 |
6.1 Global AI in Precision Medicine Market, Revenues & Volume, By Market Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global AI in Precision Medicine Market, Revenues & Volume, By Diagnostics, 2021 - 2031 |
6.1.3 Global AI in Precision Medicine Market, Revenues & Volume, By Treatment, 2021 - 2031 |
6.1.4 Global AI in Precision Medicine Market, Revenues & Volume, By Monitoring, 2021 - 2031 |
6.1.5 Global AI in Precision Medicine Market, Revenues & Volume, By Research, 2021 - 2031 |
6.1.6 Global AI in Precision Medicine Market, Revenues & Volume, By Oncology, 2021 - 2031 |
6.2 Global AI in Precision Medicine Market, Revenues & Volume, By Application, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global AI in Precision Medicine Market, Revenues & Volume, By Genomic Data Analysis, 2021 - 2031 |
6.2.3 Global AI in Precision Medicine Market, Revenues & Volume, By Personalized Drug Development, 2021 - 2031 |
6.2.4 Global AI in Precision Medicine Market, Revenues & Volume, By Patient Risk Assessment, 2021 - 2031 |
6.2.5 Global AI in Precision Medicine Market, Revenues & Volume, By Disease Pathology Prediction, 2021 - 2031 |
6.2.6 Global AI in Precision Medicine Market, Revenues & Volume, By Cancer Diagnosis, 2021 - 2031 |
6.3 Global AI in Precision Medicine Market, Revenues & Volume, By AI Technology, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global AI in Precision Medicine Market, Revenues & Volume, By Machine Learning, 2021 - 2031 |
6.3.3 Global AI in Precision Medicine Market, Revenues & Volume, By Neural Networks, 2021 - 2031 |
6.3.4 Global AI in Precision Medicine Market, Revenues & Volume, By AI Algorithms, 2021 - 2031 |
6.3.5 Global AI in Precision Medicine Market, Revenues & Volume, By Deep Learning, 2021 - 2031 |
6.3.6 Global AI in Precision Medicine Market, Revenues & Volume, By AI Imaging, 2021 - 2031 |
6.4 Global AI in Precision Medicine Market, Revenues & Volume, By End User, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global AI in Precision Medicine Market, Revenues & Volume, By Medical Labs, 2021 - 2031 |
6.4.3 Global AI in Precision Medicine Market, Revenues & Volume, By Hospitals, 2021 - 2031 |
6.4.4 Global AI in Precision Medicine Market, Revenues & Volume, By Clinics, 2021 - 2031 |
6.4.5 Global AI in Precision Medicine Market, Revenues & Volume, By Research Institutes, 2021 - 2031 |
6.4.6 Global AI in Precision Medicine Market, Revenues & Volume, By Oncology Centers, 2021 - 2031 |
7 North America AI in Precision Medicine Market, Overview & Analysis |
7.1 North America AI in Precision Medicine Market Revenues & Volume, 2021 - 2031 |
7.2 North America AI in Precision Medicine Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) AI in Precision Medicine Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada AI in Precision Medicine Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America AI in Precision Medicine Market, Revenues & Volume, 2021 - 2031 |
7.3 North America AI in Precision Medicine Market, Revenues & Volume, By Market Type, 2021 - 2031 |
7.4 North America AI in Precision Medicine Market, Revenues & Volume, By Application, 2021 - 2031 |
7.5 North America AI in Precision Medicine Market, Revenues & Volume, By AI Technology, 2021 - 2031 |
7.6 North America AI in Precision Medicine Market, Revenues & Volume, By End User, 2021 - 2031 |
8 Latin America (LATAM) AI in Precision Medicine Market, Overview & Analysis |
8.1 Latin America (LATAM) AI in Precision Medicine Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) AI in Precision Medicine Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil AI in Precision Medicine Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico AI in Precision Medicine Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina AI in Precision Medicine Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM AI in Precision Medicine Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) AI in Precision Medicine Market, Revenues & Volume, By Market Type, 2021 - 2031 |
8.4 Latin America (LATAM) AI in Precision Medicine Market, Revenues & Volume, By Application, 2021 - 2031 |
8.5 Latin America (LATAM) AI in Precision Medicine Market, Revenues & Volume, By AI Technology, 2021 - 2031 |
8.6 Latin America (LATAM) AI in Precision Medicine Market, Revenues & Volume, By End User, 2021 - 2031 |
9 Asia AI in Precision Medicine Market, Overview & Analysis |
9.1 Asia AI in Precision Medicine Market Revenues & Volume, 2021 - 2031 |
9.2 Asia AI in Precision Medicine Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India AI in Precision Medicine Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China AI in Precision Medicine Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan AI in Precision Medicine Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia AI in Precision Medicine Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia AI in Precision Medicine Market, Revenues & Volume, By Market Type, 2021 - 2031 |
9.4 Asia AI in Precision Medicine Market, Revenues & Volume, By Application, 2021 - 2031 |
9.5 Asia AI in Precision Medicine Market, Revenues & Volume, By AI Technology, 2021 - 2031 |
9.6 Asia AI in Precision Medicine Market, Revenues & Volume, By End User, 2021 - 2031 |
10 Africa AI in Precision Medicine Market, Overview & Analysis |
10.1 Africa AI in Precision Medicine Market Revenues & Volume, 2021 - 2031 |
10.2 Africa AI in Precision Medicine Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa AI in Precision Medicine Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt AI in Precision Medicine Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria AI in Precision Medicine Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa AI in Precision Medicine Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa AI in Precision Medicine Market, Revenues & Volume, By Market Type, 2021 - 2031 |
10.4 Africa AI in Precision Medicine Market, Revenues & Volume, By Application, 2021 - 2031 |
10.5 Africa AI in Precision Medicine Market, Revenues & Volume, By AI Technology, 2021 - 2031 |
10.6 Africa AI in Precision Medicine Market, Revenues & Volume, By End User, 2021 - 2031 |
11 Europe AI in Precision Medicine Market, Overview & Analysis |
11.1 Europe AI in Precision Medicine Market Revenues & Volume, 2021 - 2031 |
11.2 Europe AI in Precision Medicine Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom AI in Precision Medicine Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany AI in Precision Medicine Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France AI in Precision Medicine Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe AI in Precision Medicine Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe AI in Precision Medicine Market, Revenues & Volume, By Market Type, 2021 - 2031 |
11.4 Europe AI in Precision Medicine Market, Revenues & Volume, By Application, 2021 - 2031 |
11.5 Europe AI in Precision Medicine Market, Revenues & Volume, By AI Technology, 2021 - 2031 |
11.6 Europe AI in Precision Medicine Market, Revenues & Volume, By End User, 2021 - 2031 |
12 Middle East AI in Precision Medicine Market, Overview & Analysis |
12.1 Middle East AI in Precision Medicine Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East AI in Precision Medicine Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia AI in Precision Medicine Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE AI in Precision Medicine Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey AI in Precision Medicine Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East AI in Precision Medicine Market, Revenues & Volume, By Market Type, 2021 - 2031 |
12.4 Middle East AI in Precision Medicine Market, Revenues & Volume, By Application, 2021 - 2031 |
12.5 Middle East AI in Precision Medicine Market, Revenues & Volume, By AI Technology, 2021 - 2031 |
12.6 Middle East AI in Precision Medicine Market, Revenues & Volume, By End User, 2021 - 2031 |
13 Global AI in Precision Medicine Market Key Performance Indicators |
14 Global AI in Precision Medicine Market - Export/Import By Countries Assessment |
15 Global AI in Precision Medicine Market - Opportunity Assessment |
15.1 Global AI in Precision Medicine Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global AI in Precision Medicine Market Opportunity Assessment, By Market Type, 2021 & 2031F |
15.3 Global AI in Precision Medicine Market Opportunity Assessment, By Application, 2021 & 2031F |
15.4 Global AI in Precision Medicine Market Opportunity Assessment, By AI Technology, 2021 & 2031F |
15.5 Global AI in Precision Medicine Market Opportunity Assessment, By End User, 2021 & 2031F |
16 Global AI in Precision Medicine Market - Competitive Landscape |
16.1 Global AI in Precision Medicine Market Revenue Share, By Companies, 2024 |
16.2 Global AI in Precision Medicine Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |