Global AI In Genomics
Market Report
2024
AI In Genomics market will be USD 0.4 billion in 2024 and expand at a compound annual growth rate (CAGR) of 30.1% from 2024 to 2031.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global AI In Genomics market will be USD 0.4 billion in 2024 and expand at a compound annual growth rate (CAGR) of 30.1% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global AI In Genomics Market Sales Revenue 2024 | $ 0.4 Billion |
Global AI In Genomics Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 30.1% |
Market Split by Component |
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Market Split by Technology |
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Market Split by Functionality |
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Market Split by Application |
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Market Split by End Use |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of AI In Genomics industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
AI In Genomics Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Artificial intelligence (AI) and related technologies are increasingly being applied in a variety of industries and disciplines, including healthcare. AI is being used effectively in a variety of situations, including hospitals and clinical laboratories, as well as research methods. Along with increased use in engines, machines, and other applications, AI is used in electronic health records (EHR) and the growth of fields in life sciences and neurosciences. The most important aspect of AI in medicine is disease detection and treatment. The global artificial intelligence (AI) in the genomics market is expanding rapidly due to increasing biomedical and genomic datasets, increased acceptance of AI-based solutions, and a growing emphasis on reducing turnaround time in drug discovery and diagnostics. However, there is a shortage of educated workforce and infrastructure, ambiguous regulatory guidelines for genomics software, and poor security and storage of large amounts of genome sequencing data.
Increasing Adoption of AI-Based Solutions - AI is also used to detect genetic alterations in tumors via 3D imaging. For example, a future technique could accurately detect glioma-type tumors that begin in the glial cells of the brain or spine using a patient's brain scans. Using deep learning and neural network technologies, the treatment procedure can be greatly improved, allowing doctors to avoid collecting tissue samples from a biopsy and eliminate the dangers associated with surgery. AI and ML offer several potentials for diagnosis automation. The digitization of health-related data, as well as the rapid adoption of technology, are promoting transformation and improvements in the development and implementation of artificial intelligence in healthcare. Increased biomedical and genomic datasets will drive market growth
Lack of Skilled Workforce and Infrastructure Ambiguous Regulatory Guidelines for Genomics Software
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In October 2020, NVIDIA announced a collaboration with GSK, a major healthcare business, and its AI group, which uses computation in the medicine and vaccine discovery process. GSK recently built a new AI facility in London, one of the first of its type, which will use GSK's extensive genetic and genomic data to better the design and development of transformational medicines and vaccines.
Top Companies Market Share in AI In Genomics Industry: (In no particular order of Rank)
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According to Cognitive Market Research, in 2024, North America held the bulk of the worldwide AI in genomics market share due to the presence of several market players, including Danone, Abbott, Nestlé, Targeted Medical Pharma, Inc., and Mead Johnson & Company, LLC, among others. North America is home to some of the world's largest and best-funded research institutes and biotechnology firms, and these organisations are making significant investments in the development of AI-powered genomics solutions. This is encouraging the development of new software and tools for genomic data processing, and it is helping to build the AI in genomics market in North America.
Asia Pacific is predicted to have the fastest CAGR over the projection period. The region's demand for AI in genomics is being driven by a mix of fast-rising healthcare spending, a growing emphasis on precision medicine, breakthroughs in genomics technology, and a big and expanding population. Some Asian countries have launched national genomics programs, developing population genetic databases by sequencing the DNA of healthy individuals. In 2019, Thailand's government authorized a five-year Genomics Initiative worth USD 150 million to characterize the genomes of 50,000 inhabitants.
The current report Scope analyzes AI In Genomics Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global AI In Genomics Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing AI In Genomics Industry growth. AI In Genomics market has been segmented with the help of its Component, Technology Functionality, and others. AI In Genomics market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on present and future trends, the market size is estimated from 2019 to 2031. Moreover, study also provides quantitative and qualitative analysis of each type to understand the driving factors for the fastest growing type segment for AI In Genomics market.
Component of AI In Genomics analyzed in this report are as follows:
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of AI In Genomics Industry. Request a Free Sample PDF!
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of AI In Genomics from 2019 to 2031. This will also help to analyze the demand for AI In Genomics across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.
Some of the key Technology of AI In Genomics are:
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the AI In Genomics market report 2024 Edition by contacting our team.
According to Cognitive Market Research, Pharmaceutical and biotech companies dominated the market in 2024. Artificial intelligence and machine learning are widely employed in the biotech and pharmaceutical industries for applications such as clinical data management, automated disease prediction and prevention, and biomarker identification. Artificial intelligence algorithms can forecast the toxicity of potential treatments, allowing pharmaceutical corporations to avoid investing in drugs that are likely to fail in clinical trials.
Senior Research Associate at Cognitive Market Research
Manjiri Kanhere is an experienced market researcher focused on the Pharma & Healthcare industry. With over 3+ years of experience, She has worked with major pharmaceutical companies and healthcare providers, helping them to understand market trends, identify new business opportunities, and develop effective sales & marketing strategies. Her expertise lies in the ability to analyze complex data sets and deliver insights that drive business decisions. At Cognitive Market Research, she handles the market research related to Pharma and healthcare industry.
I am a dedicated and detail-oriented research analyst, committed to unraveling the stories hidden within data. With a solid foundation in market research & analysis, I thrive in the dynamic realm of research, where every dataset presents an opportunity for discovery. My passion lies in utilizing innovative approaches to distill complex information into strategic insights that empower organizations to make informed decisions.
I am committed to continuous professional development, regularly participating in workshops, attending conferences, and staying attuned to emerging trends in research methodologies to maintain the highest standards in my work. I played a vital role in conducting market research and competitive analysis. I have a proven track record of synthesizing diverse datasets, employing statistical models, and presenting comprehensive insights. My collaborative approach with cross-functional teams facilitated effective communication of findings, fostering a culture of data-driven decision-making within the organization.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global AI In Genomics Market is witnessing significant growth in the near future.
In 2023, the Hardware segment accounted for noticeable share of global AI In Genomics Market and is projected to experience significant growth in the near future.
The Machine Learning segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies IBM , NVIDIA Corporation and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Component | Hardware, Software, Services |
Technology | Machine Learning, Computer Vision |
Functionality | Genome Sequencing, Gene Editing, Others |
Application | Drug Discovery & Development, Precision Medicine, Diagnostics, Others |
End Use | Pharmaceutical and Biotech Companies, Healthcare Providers, Research Centers, Others |
List of Competitors | IBM, Microsoft Corporation, NVIDIA Corporation, DEEP GENOMICS, Data4Cure Inc., Freenome Holdings Inc., Thermo Fisher Scientific, Illumina Inc., SOPHiA GENETICS, BenevolentAI, Fabric Genomics |
This chapter will help you gain GLOBAL Market Analysis of AI In Genomics. Further deep in this chapter, you will be able to review Global AI In Genomics Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
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Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America AI In Genomics Market Trends North America AI In Genomics Technological Road Map North America AI In Genomics Market Drivers North America AI In Genomics Market Restraints North America AI In Genomics Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
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Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
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Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Component Analysis 2019 -2031, will provide market size split by Component. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Component Analysis 2019 -2031
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Chapter 11 Market Split by Technology Analysis 2019 -2031
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Chapter 12 Market Split by Functionality Analysis 2019 -2031
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Chapter 13 Market Split by Application Analysis 2019 -2031
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Chapter 14 Market Split by End Use Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global AI In Genomics market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Hardware have a significant impact on AI In Genomics market? |
What are the key factors affecting the Hardware and Software of AI In Genomics Market? |
What is the CAGR/Growth Rate of Machine Learning during the forecast period? |
By type, which segment accounted for largest share of the global AI In Genomics Market? |
Which region is expected to dominate the global AI In Genomics Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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