The global market for Artificial Intelligence (AI) in Genomics is estimated at US$784.2 Million in 2023 and is projected to reach US$8.7 Billion by 2030, growing at a CAGR of 41.1% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
However, the integration of AI into genomics raises significant challenges and ethical considerations, particularly concerning the protection and privacy of genetic data and the moral implications of genetic editing. Ensuring the security of sensitive genetic information and adhering to strict regulatory standards are paramount as AI and genomics become more intertwined. Moreover, ethical debates surrounding the potential for creating designer genes highlight the need for careful consideration of how these technologies are applied. The growth of AI in genomics is also driven by factors such as advancements in AI and machine learning technologies, the exponential increase in genomic data, and the growing emphasis on precision medicine. Additionally, reduced sequencing costs, the demand for drug development, strategic collaborations, and increased public and private investment all contribute to the expansion of AI applications in genomics, promising to further advance the field and expand its impact on various aspects of healthcare and medicine.
However, the integration of AI into genomics raises significant challenges and ethical considerations, particularly concerning the protection and privacy of genetic data and the moral implications of genetic editing. Ensuring the security of sensitive genetic information and adhering to strict regulatory standards are paramount as AI and genomics become more intertwined. Moreover, ethical debates surrounding the potential for creating designer genes highlight the need for careful consideration of how these technologies are applied. The growth of AI in genomics is also driven by factors such as advancements in AI and machine learning technologies, the exponential increase in genomic data, and the growing emphasis on precision medicine. Additionally, reduced sequencing costs, the demand for drug development, strategic collaborations, and increased public and private investment all contribute to the expansion of AI applications in genomics, promising to further advance the field and expand its impact on various aspects of healthcare and medicine.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the AI in Genomics Software segment, which is expected to reach US$4.6 Billion by 2030 with a CAGR of a 44.2%. The AI in Genomics Services segment is also set to grow at 40.2% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $213.8 Million in 2023, and China, forecasted to grow at an impressive 38.0% CAGR to reach $1.2 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Artificial Intelligence (AI) in Genomics Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Artificial Intelligence (AI) in Genomics Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Artificial Intelligence (AI) in Genomics Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Data4Cure, Deep Genomics, Fabric Genomics (formerly Omicia), and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 23 Featured):
- Data4Cure
- Deep Genomics
- Fabric Genomics (formerly Omicia)
- Freenome, Inc.
- Genoox
- IBM Corporation
- Illumina, Inc.
- Microsoft Corporation
- NVIDIA Corporation
- Sophia Genetics
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAITALYREST OF EUROPEREST OF WORLDIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
Companies Mentioned
- Data4Cure
- Deep Genomics
- Fabric Genomics (formerly Omicia)
- Freenome, Inc.
- Genoox
- IBM Corporation
- Illumina, Inc.
- Microsoft Corporation
- NVIDIA Corporation
- Sophia Genetics
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 210 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 784.2 Million |
| Forecasted Market Value ( USD | $ 8700 Million |
| Compound Annual Growth Rate | 41.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
