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AI In Genomics Market Analysis, Trends, Growth, Research And Forecast 2032
AI In Genomics Market
AI In Genomics Market Size, Growth Rate, And Forecast
The global AI in genomics market size is expected to grow from $0.52 billion in 2022 to $0.74 billion in 2023 at a compound annual growth rate (CAGR) of 42.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global AI in genomics market size is expected to reach $3.14 billion in 2027 at a CAGR of 43.4%.
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AI In Genomics Market Drivers
Growing adoption of AI is expected to propel the growth of the AI in genomics market going forward. Artificial intelligence (AI) is a field that uses computer science and large datasets to solve problems. It includes the subfields of machine learning and deep learning, commonly referenced in the context of artificial intelligence. AI in genomics assists in identifying genetic illnesses and the primary type of cancer, forecasting the progression of certain diseases in a patient, identifying disease-causing genomic variations, and improving the function of gene editing tools. Additionally, due to such benefits, there is an increased demand for artificial intelligence (AI) in genomics.
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AI In Genomics Market Segments
• By Component: Hardware, Software, Services
• By Technology: Machine Learning, Computer Vision
• By Functionality: Genome Sequencing, Gene Editing, Other Functionalities
• By Application: Drug Discovery And Development, Precision Medicine, Diagnostics, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the AI in genomics market.
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AI In Genomics Market Key Players
Major competitors in the AI in genomics market include International Business Machines Corporation, Microsoft Corp., NVIDIA Corporation, Deep Genomics Inc., BenevolentAI Ltd., Fabric Genomics Inc., Verge Genomic Inc., Freenome Holdings Inc., MolecularMatch Inc., SOPHiA GENETICS SA, Data4Cure Inc.
The Business Research Company's "Global AI In Genomics Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The AI In Genomics Market Include:
1. Executive Summary
2. AI In Genomics Market Characteristics
3. AI In Genomics Market Trends And Strategies
4. AI In Genomics Market - Macro Economic Scenario
5. AI In Genomics Market Size And Growth
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26. Africa AI In Genomics Market
27. AI In Genomics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The AI In Genomics Market
29. AI In Genomics Market Future Outlook and Potential Analysis
30. Appendix
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