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Dec 18, 2024
Precision medicine utilizes AI tools for personalizing medical treatments and practices for healthcare providers and patients whereas integration on AI aids in the identification, diagnosis and prediction of treatment outcomes with safety, accuracy and efficacy. These advancements are encouraging technology driven solutions in healthcare industries thereby boosting the market growth.
With the ongoing daily advancements and novel innovations as well as the provision of deep-analysis platforms and effective healthcare monitoring systems integrated with AI and machine learning tools is enhancing the outcomes of clinical trials, research and personalized care therapies for patients thus promoting the global market growth of precision medicine in the foreseeable future.
Additionally, the broad spectrum of applications such as real-time monitoring, early disease detection, in drug development, personalized treatment plans and much more with accuracy, safety and efficiency is increasing the adoption of precision medicine among people and healthcare professionals. Moreover, the rising investments, increasing government support and funding’s from various organizations to the industries is promoting market growth.
Robust Cybersecurity Solutions for AI-Driven Precision Medicine: With the digitalization of healthcare industry and the integration of AI in precision medicine develops the need for mitigating security risks associated with cyberattacks on sensitive patient information which can be achieved by adhering to strict healthcare regulations such as Health Insurance Portability and Accountability Act (HIPAA) for safeguarding patient data.
Rising Focus on Personalized Care: The increasing awareness of using precision medicine among the population for personalized care and the advancements in AI and machine learning tools improving patient life outcomes in chronic diseases with safety and accuracy is accelerating market growth.