Europe Artificial Intelligence In Precision Medicine Market Size & Outlook
Europe artificial intelligence in precision medicine market, 2017-2030 (US$M)
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Europe artificial intelligence in precision medicine market highlights
- The Europe artificial intelligence in precision medicine market generated a revenue of USD 350.0 million in 2022.
- The market is expected to grow at a CAGR of 36.1% 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.
- Country-wise, UK is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 350.0 million |
| Market revenue in 2030 | USD 4,129.5 million |
| Growth rate | 36.1% (CAGR from 2022 to 2030) |
| Largest segment | Deep learning |
| Fastest growing segment | Natural language processing |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 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, Europe region accounted for 27.6% of the global artificial intelligence in precision medicine market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Europe is the fastest growing regional market and is projected to reach USD 4,129.5 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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Europe 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 33.74% in 2022. Horizon Databook has segmented the Europe 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.
The increasing government initiatives are fueling the market growth in the region. The European Cancer Imaging Initiative aims to help innovators and researchers translate real-world oncology data on the quality and scale required to develop new cancer detection, diagnosis, and treatment solutions, especially those based on AI.
The European government is working on the digital infrastructure to connect cancer imaging data resources and databases across the EU while ensuring compliance with high ethical standards, authenticity, security, and privacy. Moreover, key market players are undertaking strategic initiatives such as partnerships and new launches, which is expected to propel the market growth.
For instance, in January 2022, Panaceutics Nutrition and Viocare entered into a partnership to provide healthcare professionals and their patients with truly individualized nutritional solutions. Panaceutics Nutrition is the technological leader in providing the highest level of supplementation personalization and convenience.
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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 continent-level data and insights on the Europe artificial intelligence in precision medicine market , including forecasts for subscribers. This continent databook contains high-level insights into Europe artificial intelligence in precision medicine market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Europe artificial intelligence precision medicine market report size, by country, 2017-2030 (US$M)
Europe Artificial Intelligence In Precision Medicine Market Outlook Share, 2022 & 2030 (US$M)
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