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Artificial Intelligence in Precision Medicine Market Size Estimation, Industry Share, Future Demand, Dynamics, Drivers, Research Methodology by 2025

The MarketWatch News Department was not involved in the creation of this content.

Nov 19, 2020 (Market Insight Reports) —
Selbyville, Delaware Recently, Market Study Report, LLC, added a research on the ‘Artificial Intelligence (AI) in Precision Medicine market’ which encompasses significant inputs with respect to market share, market size, regional landscape, contributing players, and revenue projection of this industry vertical. The report also educates investors regarding the existing tends, prime challenges, and current expansion strategies applied by the key organizations that constitute the hyperactive competitive gamut of this business sphere.

Machine learning (ML), deep learning and artificial intelligence (AI) are gaining momentum in biomedicine. The primary goal is to recognize the future needs and trends and identify the requirements of AI and ML in precision health. According to Research report a??Global Artificial Intelligence (AI) in Precision Medicine Market Analysis, 2020a??, 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 catalyse the drug development process and diminish in costs.

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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, forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end-users, applications, product type, technologies, competitive benchmarking, etc.

AI Used in Drug Discovery Escalating the Natural Language Segment

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 in 2019 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 innovation in software with the evolving requirement in medicine. Moreover, the hardware segment is anticipated to foster a propelled demand through 2025 as revealed by the Research report a??Global Artificial Intelligence (AI) in Precision Medicine Market Analysis, 2020a??.

Collaboration of Companies for Innovation in Precision Medicine

According to Researchthe 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 work. Besides, the snowballing importance in the field of precision medicine is luring opportunities in cross-industry collaboration and an influx of venture capital investments.

With the rising number of companies of artificial intelligence, the usage of AI in precision medicine is augmenting. For

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medicine

Global Artificial Intelligence In Medicine Market to Reach 15,000.00 Million by 2026 – Facts & Factors

The MarketWatch News Department was not involved in the creation of this content.

New York, NY, Nov 17, 2020 (GLOBE NEWSWIRE via COMTEX) —
New York, NY, Nov. 17, 2020 (GLOBE NEWSWIRE) — Facts and Factors have published a new research report titled “Artificial Intelligence in Medicine Market By Component (Hardware, Software, Service), By Application (Robot Assisted Surgery, Virtual Nursing Assistants, Administrative Workflow Assistance, Fraud Detection, Connected Machines, Clinical Trial, Preliminary Diagnosis, Others), By End-User (Healthcare Provider, Pharmaceutical & Biotechnology Company, Patient, Payer, Others), and By Technology (Querying Method, Natural Language Processing, Context Aware Processing, Speech Recognition, Decision Management, Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020-2026”.

According to the research study, the global Artificial Intelligence in Medicine Market was estimated at USD 800 million in 2019 and is expected to reach USD 15,000 million by 2026. The global Artificial Intelligence in Medicine Market is expected to grow at a compound annual growth rate (CAGR) of 49% from 2020 to 2027.

The Global Artificial Intelligence In Medicine Market Is Powered By The Need To Minimise Healthcare Costs, The Importance Of Big Data In Healthcare, The Increasing Acceptance Of Precision Medicine, And The Decreasing Hardware Costs.

Artificial intelligence in medicine is likely to transform the doctor’s character expressively and revolutionize the preparation of medicine. Across has transformed medical specialties and addresses the benefits and challenges of this new technology. Doctors, particularly those in management positions, are developing in health the need to be receptive to AI rapidly, so they remain ready to make the necessary change for their acceptance into the health system. In the study of different medical conditions, the AI is useful as individuals, and in certain circumstances, extra efficient. In the investigation of complicated medical evidence, AI in medicine is the use of compound algorithms and machines to imitate hominid reasoning. AI is, in reality, the capacity of computer systems to approximate decisions without human feedback.

Browse through 34 Tables & 97 Figures spread over 180+ Pages and in-depth TOC on “Global Artificial Intelligence in Medicine Market Size & Share 2020 Analysis and Industry Forecast to 2027”.

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In order to recognize errors in existing scenarios and provide potential options in complicated situations, the increasingly growing use of cloud computing techniques has encouraged the adoption of artificial intelligence solutions for mining vast volumes of data. Many participants in the medical sector have promoted the use of AI technologies as it can theoretically boost the service offered by many. The key functions that involve the highest AI integration in the industry are access to documentation, the processing of patient-related symptoms, and the communication of subsequent therapies. With advanced cognitive technologies, IBM Watson is driving the transformation in the medical sector to dynamically understand, reason, and learn and commit to ensuring timely quality and informed decision-making. It has been projected that the healthcare sector

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health

Health and Safety Consulting Market Procurement Intelligence Report with COVID-19 Impact Analysis

The Health and Safety Consulting market will register an incremental spend of about $ 4 billion, growing at a CAGR of 14.87% during the five-year forecast period. A targeted strategic approach to Health and Safety Consulting sourcing can unlock several opportunities for buyers. This report also offers market impact and new opportunities created due to the COVID-19 pandemic. Download free sample pages

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201102005545/en/

SpendEdge has announced the release of its Global Health and Safety Market Procurement Intelligence Report (Graphic: Business Wire)

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Some of the top health and safety consulting suppliers listed in this report:

This health and safety consulting procurement intelligence report has enlisted the top suppliers and their cost structures, SLA terms, best selection criteria, and negotiation strategies.

  • Global Health & Safety LLC

  • DDS (International) Ltd.

  • Global Tailored Safety Solutions Pty. Ltd.

  • Young & Global Partners

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  • Noble Health & Safety Consultancy Ltd.

  • International Training Centre of the ILO

  • Delta-T Devices Ltd.

  • Enhesa

  • Roots EHS Advisory

This procurement report helps buyers

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