Future Artificial Intelligence In Genomics Market: Key Dynamics, Size & Share Analysis
The Global Artificial Intelligence in Genomics Market is poised to grow at a CAGR of around 53% during the forecast period, i.e., 2023-28. The growth of the market is projected to be propelled mainly by the rapidly growing genomic data volume, ever-increasing adoption of precision medicine, significant advancements in AI Technologies, and the integration of multi-omics data, which includes genomic, transcriptomic, proteomic, & epigenomic data. Besides, the mounting demand for efficient drug discovery & development, various partnerships between academic institutes, bio-pharma companies, and technology firms, and the growing supportive regulatory environment are other prominent aspects projected enhance the Global Artificial Intelligence in Genomics Market size in the future.
Top Market Driver Impacting the Artificial Intelligence In Genomics Market Growth
Immense Potential of AI to Transform Genomics Research & Healthcare – Genomics research generates massive & complex datasets, which include DNA sequences, gene expression profiles, and epigenetic data, which AI algorithms can handle & analyze at an unprecedented scale & speed by identifying patterns, detecting genomic variants, predicting gene functions, and uncovering hidden relationships within the data in order to provide valuable insights for researchers & clinicians. Moreover, AI algorithms can also analyze genomic variants identified through sequencing to understand their potential impact on health & disease. By classifying variants, predicting their functional consequences, and prioritizing them for further investigation, AI can help identify disease-causing mutations and enable more accurate diagnoses as well as personalized treatment decisions. Hence, in this manner, AI holds enormous potential to transform genomics research and the entire healthcare industry and, consequently, drive the Global Artificial Intelligence in Genomics Market during 2023-28.
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Understanding the Core Segments in the Artificial Intelligence In Genomics Market
Artificial Intelligence In Genomics Market Size, Share & Industry Trends Analysis- By Offering (Software, Services), By Technology (Machine Learning (Deep Learning, Supervised Learning, Reinforcement Learning, Unsupervised Learning), Others), By Functionality (Genome Sequencing, Gene Editing, Predictive Genetic Testing & Preventive Medicine), By Application (Diagnostics, Drug Discovery & Development, Precision Medicine, Agriculture & Animal Research, Other Applications), By End-User (Pharmaceutical & Biotech Companies, Healthcare Providers, Research Centers, Academic Institutes, Government Organizations, Other End Users),
Geographical Analysis of the Artificial Intelligence In Genomics Market
By Region
North America
South America
Europe
Middle East & Africa
Asia Pacific.
North America dominates the Artificial Intelligence in Genomics Market.
Who Dominates the Artificial Intelligence In Genomics Market Insights on Key Industry Players?
Companies are strengthening their presence in the Artificial Intelligence In Genomics market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.
Deep Genomics Inc.
IBM
Microsoft Corporation
Fabric Genomics, Inc.
Verge Analytics, Inc.
FDNA Inc.
Benevolent AI
Freenome Holdings, Inc.
SOPHIA GENETICS
Ardigen
Congenica Ltd.
Lantern Pharma, Inc.
MolecularMatch, Inc.
Empiric Logic Limited
Lifebit.
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