The global Artificial Intelligence (AI) in precision medicine market is projected to expand from USD 1.74 billion in 2022 to over USD 16.91 billion by 2032, reflecting a compound annual growth rate (CAGR) of 25.54% from 2023 to 2032. This growth is driven by the increasing prevalence of cancer and the growing demand for personalized healthcare solutions.
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The imperative for Early Cancer Detection Drives Surge in Precision Medicine Market Fueled by AI advancement, with 609,820 Deaths in 2023 Reported By National Cancer Society, Spotlighting Urgent Need for advanced Solutions
The intersection of artificial intelligence(AI) and precision medicine holds the potential to transform healthcare significantly. Precision medicine techniques aim to identify specific patient phenotypes with uncommon responses to treatment or distinct healthcare requirements. AI plays a pivotal role by employing advanced computational processes and interference, allowing the system to derive valuable Insight, enhance reasoning capacity, and facilitate continuous learning. This, in turn, empowers healthcare practitioners in their decision-making processes through augmented intelligence. Recent literature underscores the importance of translation research in exploring the convergence of AI in Precision medicine, particularly those involving the interplay of non-genomic and genomic determinants. Integrating diverse data sources, including patient symptoms, clinical history and lifestyle, will streamline personalized diagnosis and prognostication.
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