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Prominent AI In Genomics Market Trend for 2025: AI-Driven Solution Revolutionizing High-Resolution Analysis In The AI In Genomics Market
Prominent AI In Genomics Market Trend
The expansion of the AI in genomics market is likely to be fuelled by the rising implementation of AI. Artificial intelligence, a field that leverages computer science and significant datasets to address challenges, encompasses machine learning and deep learning, often discussed within the realm of artificial intelligence. AI's role in genomics extends to detecting genetic diseases and identifying the predominant cancer type, predicting disease progression in patients, pinpointing genomic variations that cause diseases, and enhancing the performance of gene editing tools. Such advantages have led to an increasing demand for AI in genomics. To illustrate, a report published by the US technology corporation, International Business Machines Corporation (IBM), in May 2022 revealed a dramatic spike in the worldwide AI adoption rate, reaching 35%, a four percent increase from the year before. Moreover, a report released by the Australian government agency, the Commonwealth Scientific and Industrial Research Organization (CSIRO), in May 2023 indicated that 68% of Australian businesses have incorporated artificial intelligence technologies, and an extra 23% plan to do so over the forthcoming year. As such, the escalating adoption of AI acts as a catalyst for the AI in genomics market's growth.
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What Is the projected market size and growth rate for the ai in genomics market?
The market size for AI in genomics has seen a dramatic increase in recent times. The value is forecasted to rise from $1.06 billion in 2024 to $1.52 billion in 2025, depicting a compound annual growth rate (CAGR) of 42.8%. Progress in genomic sequencing, coping mechanisms for data handling, demand for personalized medicine, enhancement in disease comprehension and diagnosis, as well as advancements in drug discovery and development, have all contributed to the growth during the historical period.
In the ensuing years, the AI in genomics market is predicted to experience profound growth. The market is set to expand to $6.64 billion by 2029 at a compound annual growth rate (CAGR) of 44.6%. The heightened expansion anticipated during the forecast period can be traced back to the proliferation of genomic databases, improved genomic data protection, AI-incited discovery of biomarkers, consolidation with other 'omics' data, and increased patient engagement and education. The striking trends expected during the forecast timeline encompass the use of AI in cancer genomics, AI-led enhancements in genomic imaging, AI-orchestrated biomarker discovery, integration of genomic data across medical systems, and the application of AI in functional genomics research.
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What new trends are reshaping the ai in genomics market and its opportunities?
Progress in technology is becoming a significant trend in the AI in genomics industry. Most prime businesses in this market are concentrating on creating cutting-edge technological solutions to enhance their market status. For instance, Genomic Vision, a biotechnology firm from France that primarily deals in the development of diagnostic applications for genetic disorders and cancers, debuted an AI-based software named FiberSmart, in March 2023. This tool promotes high-resolution visualization and analysis of long strands of DNA. It carries the potential to revolutionize the detection and cure of genetic diseases. Its inception aimed at elevating the accuracy and efficacy of genetic disease diagnosis and therapy. Large data volumes are evaluated using this technology to discover patterns and insights that human analysis would fail to identify.
What major market segments define the scope and growth of the ai in genomics market?
The AI in genomics market covered in this report is segmented -
1) By Component: Hardware, Software, Services
2) By Technology: Machine Learning, Computer Vision
3) By Functionality: Genome Sequencing, Gene Editing, Other Functionalities
4) By Application: Drug Discovery And Development, Precision Medicine, Diagnostics, Other Applications
5) By End-Use: Pharmaceutical And Biotech Companies, Healthcare Providers, Research Centers, Other End-Users
Subsegments:
1) By Hardware: Servers, Storage Devices, Networking Equipment
2) By Software: Data Analysis Software, Machine Learning Algorithms, Visualization Tools, Genomic Data Management Software
3) By Services: Consulting Services, Integration Services, Support And Maintenance, Data Analytics Services
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Which region dominates the ai in genomics market?
North America was the largest region in the AI in genomics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the AI in the genomics market report during the forecast period. The regions covered in the AI in genomics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Which key market leaders are driving the ai in genomics industry growth?
Major companies operating 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., PrecisionLife Ltd., Genoox Ltd., Lifebit Ltd., Empiric Logic Ltd., FDNA Inc., DNAnexus Inc., Engine Biosciences Pte Ltd., 4baseCare, Congenica Ltd., CytoReason Ltd., Emedgene Technologies LTD, Illumina Inc., Lifebit Biotech Ltd., Mendel.ai, Predictive Oncology Inc., Tempus Labs Inc., 10x Genomics Inc., Repositive Limited, Genedata AG, Global Gene Corp, Nference Inc., Bluebee Holding B.V., Genomenon Inc.
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What Is Covered In The AI In Genomics Global Market Report?
• Market Size Forecast: Examine the ai in genomics market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the ai in genomics market for a structured understanding.
• Key Players Overview: Analyze major players in the ai in genomics market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the ai in genomics market.
• Segment Contributions: Evaluate how different segments drive overall growth in the ai in genomics market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the ai in genomics market.
• Industry Challenges: Identify potential risks and obstacles affecting the ai in genomics market.
• Competitive Landscape: Review strategic developments in the ai in genomics market, including expansions, agreements, and new product launches.
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