The global AI in genomics market is anticipated to grow at a significant CAGR of 50.2% during the forecast period. Several advances conducted in the field of pharmaceutical and artificial intelligence (AI) which is likely to boost the growth of the global AI in the genomics market. For instance, in November 2020, Dell Technologies announced new Dell EMC Ready Solutions and high-performance computing(HPC), cloud service provider collaboration to accelerate AI and advanced computing innovation in healthcare, life science, and manufacturing. Moreover, it is specifically designed for bioinformatics and workload management that provides assistance to process complex genomics data faster for personalized treatment of diseases. Moreover, in March 2022, Fabric Genomics Inc. unveiled that the Broad Insitute of MIT and Harvard has selected the company to support the development and implantation of its clinical whole genome sequencing-based offerings. Under the agreement, Fabric Genomics provides AI-based platforms that are used to support the interpretation of clinical whole gnomes and generate patient reports.
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Additionally, the funding provided by the government for promoting genomic sequencing is one of the major factors that boost market growth. For instance, in April 2021, the US government funded $240 million to expand the capacity for genomic sequencing. In addition, the government also allocated $400 million that is used to establish six centers of excellence in genomic epidemiology. These centers mainly focus on developing new genomics surveillance tools to better track pathogens for public health.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2021-2028
- Segment Covered-
o By Delivery Mode
o By Functionality
o By Application
o By End-User
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- IBM Corp., Microsoft Corp., Google LLC, and NVIDIA Corp., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment/region dominates the market in the base year?
- Which segment/region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
o Recovery Timeline
o Deviation from the pre-COVID forecast
o Most affected region/segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global AI in Genomics Market Report by Segment
By Delivery Mode
- On-Premise
- Cloud-Based
By Functionality
- Genome Sequencing
- Gene Editing
By Application
- Translational Precision Medicine
- Clinical and Genomic Diagnosis
- Others
By End-User
- Pharmaceutical and Biotechnology Companies
- Research Centers, Academic Institutes, and Government Organizations
- Others
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AI in Genomics Market Report Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- BenevolentAI
- Data4Cure, Inc.
- Deep Genomics
- Diploid Inc.
- DNAnexus, Inc.
- Empiric Logic
- Engine Biosciences Pte. Ltd.
- Fabric Genomics Inc.
- FDNA
- Freenome Holdings Inc.
- GNX Data Systems Inc.Genoox
- Lifebit Biotech Ltd.
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- We cover more than 15 major industries, further segmented into more than 90 sectors.
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