Australia Artificial Intelligence In Precision Medicine Market Size & Outlook
Australia artificial intelligence in precision medicine market, 2017-2030 (US$M)
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Australia artificial intelligence in precision medicine market highlights
- The Australia artificial intelligence in precision medicine market generated a revenue of USD 31.6 million in 2022 and is expected to reach USD 324.0 million by 2030.
- The Australia market is expected to grow at a CAGR of 33.8% from 2023 to 2030.
- In terms of segment, deep learning was the largest revenue generating technology in 2022.
- Natural language processing is the most lucrative technology segment registering the fastest growth during the forecast period.
Artificial intelligence in precision medicine market data book summary
| Market revenue in 2022 | USD 31.6 million |
| Market revenue in 2030 | USD 324.0 million |
| Growth rate | 33.8% (CAGR from 2022 to 2030) |
| Largest segment | Deep learning |
| Fastest growing segment | Natural language processing |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Deep Learning, Querying Method, Natural language processing, Context aware processing |
| Key market players worldwide | BioXcel Therapeutics Inc, Sanofi SA, NVIDIA Corp, Alphabet Inc Class A, International Business Machines Corp, Microsoft Corp, Intel Corp, AstraZeneca PLC, GE HealthCare Technologies Inc Common Stock, Enlitic |
Other key industry trends
- In terms of revenue, Australia accounted for 2.5% of the global artificial intelligence in precision medicine market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China artificial intelligence in precision medicine market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 820.8 million by 2030.
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Artificial Intelligence In Precision Medicine Market Scope
Artificial Intelligence In Precision Medicine Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia artificial intelligence in precision medicine market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to artificial intelligence in precision medicine market will help companies and investors design strategic landscapes.
Deep learning was the largest segment with a revenue share of 33.86% in 2022. Horizon Databook has segmented the Australia artificial intelligence in precision medicine market based on deep learning, querying method, natural language processing, context aware processing covering the revenue growth of each sub-segment from 2017 to 2030.
Growing government and private sector investments in the healthcare sector for implementation of AI are driving the market development in the region. Sector developments, including innovation, medicine, technology, and research, shape the market's direction.
Moreover, key players are undertaking strategic initiatives, such as mergers, acquisitions, and partnerships, which is driving market growth in the country. For instance, Microsoft Corporation highlighted its technical advancements in the cloud-based healthcare industry and the availability of Azure Health Data services in March 2022.
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Target buyers of Australia artificial intelligence in precision medicine market databook
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Our clientele includes a mix of artificial intelligence in precision medicine market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia artificial intelligence in precision medicine market , including forecasts for subscribers. This country databook contains high-level insights into Australia artificial intelligence in precision medicine market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Australia artificial intelligence precision medicine market report size, by technology, 2017-2030 (US$M)
Australia Artificial Intelligence In Precision Medicine Market Outlook Share, 2022 & 2030 (US$M)
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