Press release
AI in Genomics Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2023 to 2029)
The global AI in genomics market is anticipated to grow at a significant CAGR of 50.2% during the forecast period. Several advances conducted in the field of pharmaceutical and artificial intelligence (AI) which is likely to boost the growth of the global AI in the genomics market. For instance, in November 2020, Dell Technologies announced new Dell EMC Ready Solutions and high-performance computing(HPC), cloud service provider collaboration to accelerate AI and advanced computing innovation in healthcare, life science, and manufacturing. Moreover, it is specifically designed for bioinformatics and workload management that provides assistance to process complex genomics data faster for personalized treatment of diseases. Moreover, in March 2022, Fabric Genomics Inc. unveiled that the Broad Insitute of MIT and Harvard has selected the company to support the development and implantation of its clinical whole genome sequencing-based offerings. Under the agreement, Fabric Genomics provides AI-based platforms that are used to support the interpretation of clinical whole gnomes and generate patient reports.Additionally, the funding provided by the government for promoting genomic sequencing is one of the major factors that boost market growth. For instance, in April 2021, the US government funded $240 million to expand the capacity for genomic sequencing. In addition, the government also allocated $400 million that is used to establish six centers of excellence in genomic epidemiology. These centers mainly focus on developing new genomics surveillance tools to better track pathogens for public health.
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Market Coverage
The market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030
Segment Covered-
By Delivery Mode
By Functionality
By Application
By End-User
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- IBM Corp., Microsoft Corp., Google LLC, and NVIDIA Corp., among others.
A full Report of AI in Genomics Market is Available @ https://www.omrglobal.com/industry-reports/ai-in-genomics-market
AI in Genomics Market Report by Segment
By Delivery Mode
On-Premise
Cloud-Based
By Functionality
Genome Sequencing
Gene Editing
By Application
Translational Precision Medicine
Clinical and Genomic Diagnosis
Others
By End-User
Pharmaceutical and Biotechnology Companies
Research Centers, Academic Institutes, and Government Organizations
Others
AI in Genomics Market Report by Region
North America
United States
Canada
Europe
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of APAC
Rest of the World
Latin America
Middle East and Africa
Company Profiles
BenevolentAI
Data4Cure, Inc.
Deep Genomics
Diploid Inc.
DNAnexus, Inc.
Empiric Logic
Engine Biosciences Pte. Ltd.
Fabric Genomics Inc.
FDNA
Freenome Holdings Inc.
GNX Data Systems Inc.Genoox
Lifebit Biotech Ltd.
Seragon Pharmaceuticals
Sophia Genetics
Verge Genomics
Reasons to buy from us -
We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/ai-in-genomics-market
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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