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Artificial Intelligence in Genomics Market Trends

  • Report ID: GMI6051
  • Published Date: Jun 2023
  • Report Format: PDF

AI in Genomics Market Trends

The growing emphasis on reducing the turnaround time in drug discovery will boost the market progress. AI-powered platforms and algorithms streamline the process of analysing vast amounts of genomic data, enabling researchers to identify potential drug targets more efficiently. This analysis will escalate the early stages of drug discovery, thereby saving valuable time and resources. Additionally, AI-driven predictive models and virtual screening techniques aid in identifying and prioritizing potential drug candidates, thus further reduce the time required for experimental testing. Therefore, integration of AI in genomics will boost both the speed of drug discovery and the accuracy and success rate of identifying promising therapeutic options.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Artificial intelligence in genomics industry size reached USD 484.1 million in 2022 and is estimated to record USD 12.5 billion by 2032 attributed to the growing adoption of AI in precision medicine.

The software component segment accounted for 53.4% market share in 2022 and is poised to expand considerably through 2032 owing to the high demand for advanced analytics and ML capabilities in genomics research and clinical settings.

North America held 51.9% of the global AI in genomics market share in 2022 and is anticipated to grow at a robust CAGR through 2032 driven by the increasing investments for the advancement of AI-powered solutions for genomics by various research institutions.

Some of the major AI in genomics industry players include DEEP GENOMICS, Data4Cure, Inc., Freenome Holdings, Inc., Illumina, Inc., SOPHiA GENETICS, and Benevolent, and others.

Artificial Intelligence (AI) in Genomics Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 10
  • Tables & Figures: 387
  • Countries covered: 20
  • Pages: 220
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