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Growing AI use is likely to fuel AI innovation in genomics manufacturing, propelling the market during the forecast period.

The global AI in genomics market 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 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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Global AI In Genomics Market Segments Include:

• By Component: Hardware, Software, Services
• By Technology: Machine Learning, Computer Vision
• By Functionality: Genome Sequencing, Gene Editing, Other Functionalities
• By Application: Drug Discovery And Development, Precision Medicine, Diagnostics, Other Applications
• By End-use: Pharmaceutical and Biotech Companies, Healthcare Providers, Research Centers, Other End-Users
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global AI in genomics market in 2021.

Major Market Players in the AI in genomics market include International Business Machines Corporation, Microsoft Corp., NVIDIA Corporation, Deep Genomics Inc., BenevolentAI Ltd., Fabric Genomics Inc., Verge Genomic Inc., Freenome Holdings Inc.

Technological improvements are a major trend that is gaining traction in the AI in genomics market. To strengthen their market position, major businesses in the AI in genomics market are focusing on developing unique technological solutions. For example, Genomic Vision, a biotechnology company based in France that specialises in the development of diagnostic solutions for genetic diseases and cancers, launched FiberSmart in March 2023, an AI-powered software that enables the visualisation and analysis of long DNA fibres at high resolution. has the potential to revolutionise the diagnosis and treatment of genetic diseases. It was developed to improve the accuracy and efficacy of diagnosing and treating genetic illnesses. This technology analyses large amounts of data to discover patterns and insights that humans would never discover on their own.

The AI In Genomics Global Market Report 2023  provides a AI in genomics market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The AI in genomics market forecast analyzes AI in genomics market size, AI in genomics market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

AI in genomics refers to a set of computer tools that genomics researchers employ to manage and comprehend any significant information hidden in large datasets for DNA sequencing and other biological procedures. These algorithms can identify human genetic patterns and anomalies in genomic data.

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