South Korea Artificial Intelligence In Precision Medicine Market Size & Outlook
South Korea artificial intelligence in precision medicine market, 2017-2030 (US$M)
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South Korea artificial intelligence in precision medicine market highlights
- The South Korea artificial intelligence in precision medicine market generated a revenue of USD 24.2 million in 2022 and is expected to reach USD 277.1 million by 2030.
- The South Korea market is expected to grow at a CAGR of 35.6% 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 24.2 million |
| Market revenue in 2030 | USD 277.1 million |
| Growth rate | 35.6% (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, South Korea accounted for 1.9% 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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South Korea 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 33.88% in 2022. Horizon Databook has segmented the South Korea 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 COVID-19 pandemic has increased the healthcare industry's reliance on virtual technology. The introduction of advanced ML and AI technologies has created opportunities for precision medicine sector of the economy.
The market for AI in precision medicine is expanding due to increased patient admissions driven by the growing prevalence of numerous chronic illnesses and a rapidly rising elderly population in the region. Moreover, there have been rapid advancements in the field of precision medicine.
For example, in July 2022, precision medicine technology for immunotherapy response was developed in Korea. By utilizing network-based machine learning, a group of researchers from the Pohang University of Science and Technology in South Korea increased the precision of predicting patients' responses to immune checkpoint inhibitors.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea artificial intelligence in precision medicine market , including forecasts for subscribers. This country databook contains high-level insights into South Korea artificial intelligence in precision medicine market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea artificial intelligence precision medicine market report size, by technology, 2017-2030 (US$M)
South Korea Artificial Intelligence In Precision Medicine Market Outlook Share, 2022 & 2030 (US$M)
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