Press release
Artificial Intelligence in Genomics Market Dynamics and Revenue Forecast 2026 to 2035
Artificial Intelligence in Genomics Market
Artificial intelligence is crucial in genomics for developing and innovating effective medications and treatments for curing various diseases. In addition, it improves the interpretability of genomic data and the overall effectiveness of the analysis and development process.
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The growth of the artificial intelligence (AI) market in healthcare is being driven by multiple factors, including the high prevalence of chronic and genetic diseases, expanding research and development initiatives in AI technologies, and the increasing utilization of AI and machine learning in genomics. Additional drivers include the growing adoption of AI by pharmaceutical companies for drug discovery and research, rising demand for personalized medicine, enhanced awareness among researchers of AI capabilities, and the need to harness patient data to develop more effective treatments. The expanding patient population is generating increasing volumes of healthcare data, creating challenges in data management and analysis and reinforcing the demand for AI-enabled genomic solutions.
Nevertheless, market adoption may be limited during the forecast period due to insufficient understanding of AI applications and a shortage of professionals skilled in AI technologies. Regionally, North America held the largest market share in 2020, followed by Europe, supported by robust R&D efforts focused on advancing precision medicine.
Major market players operating in the artificial intelligence in genomics market include AI Therapeutics (US), Inc., Ares Genetics GmbH (Austria), BenevolentAI (UK), BioSymetrics (US), Cambridge Cancer Genomics (UK), Clover Therapeutics (US), Congenica Ltd (UK), CureMatch, Inc. (the US), Cyclica Inc. (Canada), Data4Cure, Inc. (the US), Deep Genomics (Canada), Desktop Genetics Ltd. (UK), Diploid (Belgium), DNAnexus (US), FDNA Inc. (US), Freenome Holdings, Inc. (the US), Genoox, Ltd. (US), IBM (US), MolecularMatch Inc. (US), NVIDIA Corporation (US) among others.
Some of the key developments in the market are as follows:
• In September 2021, Deep Genomics (Canada), a leading AI therapeutics company, collaborated with Mila, the Quebec Artificial Intelligence Institute. This collaboration allows the company to take advantage of the recruitment activities offered by Mila research institute. Deep Genomics uses AI and machine learning to program and prioritize transformational therapeutics for genetic diseases.
• In December 2018, BioSymetrics, Inc. (US), a company engaged in computational biology, launched Augusta, a pre-processing and analytics platform. Augusta is a proprietary technology that facilitates the rapid deployment of AI projects in precision medicine, drug discovery, and health data applications.
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Market Segments
Global Artificial Intelligence in Genomics Market, by Offering, 2020-2030 (Value US$ Mn)
• Software
• Services
Global Artificial Intelligence in Genomics Market, by Applications, 2020-2030 (Value US$ Mn)
• Diagnostics
• Drug Discovery & Development
• Precision Medicine
• Agriculture & Animal Research
• Other Applications
Global Artificial Intelligence in Genomics Market, by Technology, 2020-2030 (Value US$ Mn)
• Machine Learning
• Deep Learning
• Supervised Learning
• Reinforcement Learning
• Unsupervised Learning
• Other Machine Learning Technologies
• Other Technologies
Global Artificial Intelligence in Genomics Market, by Functionality, 2020-2030 (Value US$ Mn)
• Genome Sequencing
• Gene Editing
• Clinical Workflows
• Predictive Genetic Testing & Preventive Medicine
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Global Artificial Intelligence in Genomics Market, by End-Users, 2020-2030 (Value US$ Mn)
• Pharmaceutical & Biotech Companies
• Healthcare Providers
• Research Centers, Academic Institutes & Government Organizations
• Other End-Users
Global Artificial Intelligence in Genomics Market, by Region, 2020-2030 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Artificial Intelligence in Genomics Market, by Country, 2020-2030 (Value US$ Mn)
• The U.S.
• Canada
Europe Artificial Intelligence in Genomics Market, by Country, 2020-2030 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Artificial Intelligence in Genomics Market, by Country, 2020-2030 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Artificial Intelligence in Genomics Market, by Country, 2020-2030 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Artificial Intelligence in Genomics Market, by Country, 2020-2030 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa
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