AI in Genomics Market to Hit $13.65 Billion from $1.15 Billion by 2029 - Exclusive Research Report by Arizton

AI Transforms Genomics and Medical Imaging Sectors, Paving the Way for Advanced Healthcare Solutions.
According to Arizton's latest research report, the AI in genomics market [https://www.arizton.com/market-reports/artificial-intelligence-in-medical-imaging-market] growing at a CAGR of 50.99% during 2023-2029.

To Know More, Click: https://www.arizton.com/market-reports/artificial-intelligence-in-genomics-market

Report Summary

Market Size (2029): $13.65 Billion

Market Size (2023): $1.15 Billion

CAGR (2023-2029): 50.99%

Historic Year: 2020-2022

Base Year: 2023

Forecast Year: 2024-2029

Market Segmentation: Delivery Mode, Functionality, Application, End-User, Technology and Geography

Stay ahead of the curve with Arizton's exclusive subscription plan, offering in-depth analysis, market sizing, and growth forecasts for less than $900 per month-a significant value compared to individual report purchases. Click here: https://www.arizton.com/subscription

In 2023, the AI-driven genomics market demonstrated substantial growth, fueled by increased investments in research and development within the field of genomics and a growing demand for innovative healthcare solutions leveraging AI technologies. Key segments such as on-premises delivery mode, genome sequencing functionality, translational precision medicine applications, pharma & biotech company end-users, and machine learning technology exhibited strong performance. The on-premises segment led with a commanding 61.38% market share and is projected to grow at a remarkable CAGR of 50.58%, highlighting the importance of secure and accessible healthcare data storage solutions. Genome sequencing held a significant 57.24% market share, benefiting from advancements that have made sequencing more cost-effective and precise. Translational precision medicine led applications with a dominant 69.71% market share, driven by advances in genomic technologies facilitating targeted therapies. Pharma & biotech companies accounted for 41.56% of the market, driven by their need to manage complex genetic data efficiently. Machine learning technology, holding a 60.89% market share, is poised to expand further, underpinned by its data analysis efficiency and personalized medicine applications. These trends collectively indicate a promising trajectory for AI-driven genomics, poised to continue transforming healthcare through enhanced data utilization and precision medicine innovations.

Cloud-Based AI in Genomics Soars: Expected to Reach $5.4 Billion by 2029

In 2023, the cloud-based segment of the AI in genomics market claimed a substantial 38.62% share and is poised for exponential growth. Predicted by Arizton to expand by $4,962.04 million with an impressive absolute growth rate by 2029, cloud-based AI services are pivotal in revolutionizing genomics. These platforms offer scalable, flexible, and cost-effective data storage and analysis solutions, enhancing collaboration, ensuring data security, and accelerating research and development efforts. Infrastructure as a Service (IaaS) providers like Amazon Web Services (AWS), Google Cloud Platform (GCP), and Microsoft Azure enable organizations to scale computing resources dynamically. Meanwhile, Software as a Service (SaaS) solutions such as those from Congenica and Sapientia provide accessible tools for genomic analysis. Cloud platforms facilitate global research collaboration by centralizing access to data and analytical tools, driving innovation in genomics while offering economical alternatives to on-premises infrastructure.

Geographical Analysis

North America, particularly the United States, leads the global AI in medical imaging market, bolstered by technological advancements, rising chronic disease rates, and the demand for precise diagnostic tools. The U.S. dominates due to widespread adoption among radiologists and hospitals, supported by a robust healthcare infrastructure. Continued advancements in AI technology and substantial investments in research and development are driving rapid adoption across healthcare facilities. The focus remains on enhancing diagnostic accuracy, improving patient outcomes, and optimizing workflows to meet increasing demands for efficient medical imaging solutions.

Buy this Research @ https://www.arizton.com/market-reports/artificial-intelligence-in-genomics-market

Key Vendors

*
Fabric Genomics

*
International Business Machines Corp (IBM)

*
Microsoft

*
NVIDIA

*
OrphAI Therapeutics

*
Ares Genetics

*
BenevolentAI

*
Deep Genomics

*
Invitae Corp

*
DNAnexus

*
Illumina

*
Engine Biosciences

*
FDNA

*
Freenome

*
Genuity Science

*
Lifebit

*
MolecularMatch

*
Predictive Oncology

*
Sophia Genetics

*
Google DeepMind

*
Intel

*
Congenica

*
Verge Genomics

*
WhiteLab Genomics

*
AITIA

*
Data4Cure

*
Genoox

*
Lantern Pharma

*
PathAI

*
Tempus

*
Recursion Pharmaceuticals

Segmentation & Forecast

*
Delivery Mode

*
On-Premises

*
Cloud-based

*
Functionality

*
Genome Sequencing

*
Gene Editing

*
Others

*
Application

*
Translational Precision Medicine

*
Clinical & Genomic Diagnostics

*
Others

*
End-User

*
Pharma & Biotech Companies

*
Public & Consumer Genomic Centers

*
Others

*
Technology

*
Machine Learning

*
Computer Vision

*
Others

Geography

*
North America

*
The U.S.

*
Canada

*
Europe

*
Germany

*
The U.K.

*
France

*
Italy

*
Spain

*
APAC

*
Japan

*
China

*
India

*
Australia

*
South Korea

*
Latin America

*
Brazil

*
Mexico

*
Argentina

*
Middle East & Africa

*
Turkey

*
South Africa

*
Saudi Arabia

Buy this Research @https://www.arizton.com/market-reports/artificial-intelligence-in-genomics-market

Key Questions Answered in the Report:

How big is the global AI in genomics market?

What are the opportunities in global AI in genomics market?

What is the growth rate of global AI in the genomics market?

Which region dominates the global AI in the genomics market?

Who are the major players in the global AI in genomics market?

Check Out Some of the Top Selling Reports of Your Interest:

Global AI in Medical Imaging Market - Focused Insights 2024-2029

https://www.arizton.com/market-reports/artificial-intelligence-in-medical-imaging-market

MRI Contrast Media Market - Global Outlook & Forecast 2024-2029

https://www.arizton.com/market-reports/mri-contrast-media-market

Why Arizton?

100%Customer Satisfaction

24x7availability - we are always there when you need us

200+Fortune 500 Companies trust Arizton's report

80%of our reports are exclusive and first in the industry

100%more data and analysis

1500+reports published till date

Post-Purchase Benefit

*
1hr of free analyst discussion

*
10% off on customization

About Us:

Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services.

We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.

Arizton comprises a team of exuberant and well-experienced analysts who have mastered generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.

Media Contact
Company Name: Arizton Advisory & Intelligence
Contact Person: Jessica
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=ai-in-genomics-market-to-hit-1365-billion-from-115-billion-by-2029-exclusive-research-report-by-arizton]
Phone: +1-312-235-2040/+1 302 469 0707
Country: United States
Website: https://www.arizton.com/market-reports/artificial-intelligence-in-genomics-market



This release was published on openPR.