Latest News by Industry
DUBLIN--(BUSINESS WIRE)--Nov 11, 2022--
The "Asia Pacific Precision Diagnostics Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Type, Application, and End User" report has been added to ResearchAndMarkets.com's offering.
The precision diagnostics market in Asia Pacific is expected to grow from US$ 15,157.61 million in 2022 to US$ 33,007.52 million by 2028. It is estimated to grow at a CAGR of 13.8% from 2022 to 2028.
The advancement in artificial intelligence (AI) is increasing. Healthcare is expected to lead the way in AI investments between 2018 and 2022, with the Asia Pacific region well-positioned to grow due to its fertile digital ecosystem, as per Industry analysts. According to the recently released Philips Future Health Index, healthcare professionals in Singapore are leaders in using AI, with 55% using AI in their daily practice compared to an average of 46% across the 15 countries surveyed.
As per a study by International Data Corporation (IDC), the amount of data in healthcare is growing by an estimated 48% every year, leaving less time for physicians to study it. In addition, the rising disease burden in the aging population would increase the data mount. In a country, such as Singapore, up to eight in ten doctors report feeling burnt out as they struggle to keep up with the rising workload. By automating the mundane and speeding up workflows, AI can help alleviate overburdened physicians.
The ability of AI to shift through large amounts of data has the potential to make medical examinations more precise, reliable, and efficient. For instance, in CT-based lung cancer screening, Philips researchers have demonstrated that a deep learning algorithm can be helpful to radiologists as a decision support tool. Similarly, in digital pathology, algorithms can help point to regions of interest in tissue samples that demand further inspection by the pathologist.
Targeted treatments that enable an individual to get better can be understood by unraveling the molecular mechanisms that give rise to an individual's disease. Moreover, in healthcare, machine learning (ML) can be beneficial in many areas, including biomedical data management, automation of diagnoses, and biomarker discovery. Biomarker discovery can be used to build better biomarkers to predict a patient's response to therapy. The big data from a biological system, such as the human body, needs to be understood to do so.
The current method of applying MI to biomarker discovery is making feature selections across multiple levels of omics data that predict outcomes between different cohorts. The power of MI and Ribonucleic acid (RNA) to build Health Expression Models can also help capture complex biology and enable quantification in heterogeneous tissue samples. Thus, using MI to make precision diagnostics will change the future of precision medicine, allowing the right patient to receive proper treatment at the right time.
Machine learning and artificial intelligence techniques are starting to provide doctors with new diagnostic insights. A French start-up, VitaDx, uses fluorescent imaging and MI to improve the early diagnosis of bladder cancer by analyzing the shape, physiology, and metabolism of potentially cancerous cells. The technology can also be applied later for the early diagnosis of cancers of the lungs, stomach, and thyroid. Therefore, the advantages offered by AI and MI are expected to create numerous future trends for the precision diagnostics market .
Asia Pacific Precision Diagnostics Market Segmentation
The Asia Pacific precision diagnostics market is segmented by type, application, end user, and country.
Market Dynamics
Key Market Drivers
Market Restraints
Market Opportunities
Future Trends
Key Topics Covered:
1. Introduction
2. APAC Precision Diagnostics Market - Key Takeaways
3. Research Methodology
4. APAC Precision Diagnostics Market - Market Landscape
5. APAC Precision Diagnostics Market - Key Market Dynamics
6. Precision Diagnostics Market- APAC Analysis
7. APAC Precision Diagnostics Market- by Type
8. APAC Precision Diagnostics Market- by Application
9. APAC Precision Diagnostics Market- by End User
10. APAC Precision Diagnostics Market- by Country
11. APAC Precision Diagnostics Market -Industry Landscape
12. Company Profiles
13. Appendix
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/u3wrcz
View source version on businesswire.com:https://www.businesswire.com/news/home/20221111005179/en/
CONTACT: ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
KEYWORD: ASIA PACIFIC
INDUSTRY KEYWORD: HEALTH TECHNOLOGY HEALTH MEDICAL DEVICES
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 11/11/2022 04:20 AM/DISC: 11/11/2022 04:21 AM
http://www.businesswire.com/news/home/20221111005179/en