AI In Genomics Market is Expected to Reach $2.0 Billion | MarketsandMarkets
AI In Genomics market in terms of revenue was estimated to be worth $0.5 Billion in 2023 and is poised to reach $2.0 Billion by 2028, growing at a CAGR of 32.3% from 2023 to 2028 according to a latest report published by MarketsandMarkets™. Factors such as need to accelerate processes and timeline and reduce drug development and discovery costs, increasing partnerships and collaborations among players and growing investments in AI in genomics primarily drive the growth of this market. Furthermore, rising adoption of AI in precision medicine, explosion in bioinformatics data and genomic datasets drive market growth.
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AI In Genomics market major players covered in the report, such as:
- NVIDIA Corporation (US)
- Microsoft Corporation (US)
- Google Inc. (US)
- Intel Corporation (US)
- BenevolentAI (UK)
- SOPHiA GENETICS (Switzerland)
- Illumina Inc. (US)
- Predictive Oncology Inc. (US)
- Invitae Corporation (US)
- Deep Genomics Inc. (Canada)
- Fabric Genomics Inc. (US)
- Verge Genomics (US)
- Freenome Holdings Inc. (US)
- MolecularMatch Inc. (US)
- Dante labs (US)
- Data4Cure (US)
- PrecisionLife Ltd (UK)
- Genoox (US)
- Lifebit (UK)
- FDNA Inc. (US)
- DNAnexus (US)
- Engine Biosciences (US)
- Tempus Labs Inc. (US)
- Congenica Ltd (England)
- Emedgene Inc. (US)
- Seragon Pharmaceuticals Inc. (US)
- and Among Others
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This research report categorizes the global artificial intelligence (AI) in genomics market by offering, technology, functionality, application, end user, and region
On the basis of offering, the global artificial intelligence (AI) in genomics market has been segmented as follows:
- Software
- Services
On the basis of technology, the global artificial intelligence (AI) in genomics market has been segmented as follows:
- Machine Learning
- Deep Learning
- Supervised Learning
- Reinforcement Learning
- Unsupervised Learning
- Other Machine Learning Technologies
- Other Technologies
On the basis of functionality, the global artificial intelligence (AI) in genomics market has been segmented as follows:
- Genome Sequencing
- Gene Editing
- Clinical Workflow
- Predictive Genetic Testing & Preventive Medicine
On the basis of application, the global artificial intelligence (AI) in genomics market has been segmented as follows:
- Diagnostics
- Drug Discovery & Development
- Precision Medicine
- Agriculture & Animal Research
- Other Applications
On the basis of end user, the global artificial intelligence (AI) in genomics market has been segmented as follows:
- Pharmaceutical & Biotechnology Companies
- Hospitals & Healthcare Providers
- Research Centers, Academic Institutes, & Government Organizations
- Other End Users
On the basis of region, the global artificial intelligence (AI) in genomics market has been segmented as follows:
- North America
- US
- Canada
- Europe
- Germany
- UK
- France
- Rest of Europe
- Asia Pacific
- Rest of the World
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The key stakeholders in the AI In Genomics market include:
- Artificial intelligence (AI) in genomics solution providers
- Platform providers
- Technology providers
- AI system providers
- Medical research and biotechnology companies
- Pharmaceutical companies and CROs
- Hospitals and clinics
- Universities and research organizations
- Forums, alliances, and associations
- Academic research institutes
- Healthcare institutions
- Laboratories
- Distributors
- Venture capitalists
- Government organizations
- Institutional investors and investment banks
- Investors/Shareholders
- Consulting companies in the genomics sector
- Raw material and component manufacturers
- Non-profit organizations (NPOs)
- Agri-genomics organizations
- Direct-to-consumer genetic companies
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