The AI In Genomics Global Market Report 2023, provides comprehensive information on the AI in genomics market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s AI In Genomics Global Market Report 2023, the market size is expected to grow from $0.52 billion in 2022 to $0.74 billion in 2023 at a compound annual growth rate (CAGR) of 42.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global AI in genomics market size is expected to reach $3.14 billion in 2027 at a CAGR of 43.4%.
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Technological advancements are a key trend gaining popularity in the AI in genomics market. Major companies operating in the AI in genomics market are focused on developing innovative technological solutions to strengthen their position in the market. For instance, in March 2023, Genomic Vision, a France-based biotechnology company that specializes in the development of diagnostic solutions for genetic diseases and cancers, launched FiberSmart, an AI-powered software that enables the visualization and analysis of long DNA fibers at high resolution. has the potential to completely change the diagnosis and treatment of genetic illnesses. It was introduced to increase the precision and effectiveness of diagnosing and treating genetic diseases. Large amounts of data are analyzed using this technology to find patterns and insights that would be impossible for humans to find on their own.
The AI in genomics market is segmented:
1) By Component: Hardware, Software, Services
2) By Technology: Machine Learning, Computer Vision
3) By Functionality: Genome Sequencing, Gene Editing, Other Functionalities
4) By Application: Drug Discovery And Development, Precision Medicine, Diagnostics, Other Applications
5) By End-use: Pharmaceutical and Biotech Companies, Healthcare Providers, Research Centers, Other End-Users
North America was the largest region in the AI in genomics market in 2022.
The table of contents in TBRC’s AI in genomics market report includes:
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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