The global AI in genomics market is expected to grow at a significant CAGR of 50.2% during the forecast period. The growth of the market is primarily driven by the rising investment made by the government in the field of genomics, coupled with the application of genomics in areas such as oncology, pharmacology, infectious diseases, and genetic medicine. Moreover, in evaluating tailored treatment plans, and clinical care, genomics medicine uses machine learning and artificial intelligence as it includes the study of gene mutations. The utilization of artificial intelligence in genomics applications such as precision medicine, diagnostics, drug discovery and development, and others offers lucrative growth opportunities in the coming years.
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New product developments and launches by market players are further supporting the market growth. For instance, in March 2021, Empiric Logic along with the University College Dublin (UCD), announced that it has secured nearly $89,600 in grant funding under Enterprise Ireland’s innovation partnership program. With this funding, the company develops a novel genomics data protection methodology. Empiric Logic has developed an artificial intelligence (AI), data analysis, and bioinformatics orchestration platform to simplify the exploration of human health, using genomics and other data.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global AI in Genomics Market Report by Segment
By Delivery Mode
- On-Premise
- Cloud-Based
By Functionality
- Genome Sequencing
- Gene Editing
By Application
- Translational Precision Medicine
- Clinical and Genomic Diagnosis
- Others
By End-User
- Pharmaceutical and Biotechnology Companies
- Research Centers, Academic Institutes, and Government Organizations
- Others
Global AI in Genomics Market Report by Region
North America
- US
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global AI in genomics market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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