The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Artificial Intelligence In Genomics Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.
In-Depth Market Overview of Artificial Intelligence In Genomics Industry (2023-2028):
According to the latest report, The Artificial Intelligence In Genomics Market is poised to grow at a CAGR of around 53% during the forecast period, i.e., 2023-28. The report demonstrates the prominent factors propelling the exponential growth of the Artificial Intelligence In Genomics industry.
Key Takeaways: Beneficial for Stakeholders and Clients:
- Historical Data: 2018-21
- Base Year: 2022
- Forecast Period: 2023-28
- CAGR: 53%
What are the major Driver the Artificial Intelligence In Genomics industry?
Immense Potential of AI to Transform Genomics Research & Healthcare – Genomics research generates massive & complex datasets, which include DNA sequences, gene expression profiles, and epigenetic data, which AI algorithms can handle & analyze at an unprecedented scale & speed by identifying patterns, detecting genomic variants, predicting gene functions, and uncovering hidden relationships within the data in order to provide valuable insights for researchers & clinicians. Moreover, AI algorithms can also analyze genomic variants identified through sequencing to understand their potential impact on health & disease. By classifying variants, predicting their functional consequences, and prioritizing them for further investigation, AI can help identify disease-causing mutations and enable more accurate diagnoses as well as personalized treatment decisions. Hence, in this manner, AI holds enormous potential to transform genomics research and the entire healthcare industry and, consequently, drive the Global Artificial Intelligence in Genomics Market during 2023-28.
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Artificial Intelligence In Genomics Market Segmentation
The Artificial Intelligence In Genomics Market analysis of Markntel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- By Offering
- Softwares
- Services
- By Technology
- Machine Learning
- Deep Learning
- Other Technologies
- Machine Learning
- By Functionality
- Gene Editing
- Genome Sequencing
- Predictive Genetic Testing & Preventive Medicine
- By Application
- Diagnostics
- Precision Medicine
- Drug Discovery & Development
- Agriculture & Animal Research
- By End User
- Pharmaceutical Companies
- Research Centers, Academic Institutes
- Healthcare Providers
- Government Organizations
- By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia Pacific
As per the regional aspect, the Artificial Intelligence In Genomics Market is expected to be dominated by North America by capturing the potential market share.
Explore further details about this research report – https://www.marknteladvisors.com/research-library/global-artificial-intelligence-in-genomics-market.html
Top Companies in the Artificial Intelligence In Genomics Market
Deep Genomics Inc., IBM, Microsoft Corporation, Fabric Genomics, Inc., Verge Analytics, Inc., FDNA Inc., Benevolent AI, Freenome Holdings, Inc., SOPHIA GENETICS, Ardigen, Congenica Ltd., Lantern Pharma, Inc., MolecularMatch, Inc., Empiric Logic Limited, Lifebit
Global Artificial Intelligence In Genomics Market Recent Development
In June 2022, Ultima Genomics & Nvidia announced their collaboration that leverages AI across multiple stages of the DNA sequencing & analysis process. The partnership includes the use of Nvidia GPUs for deep learning in photometry & base calling and will soon include acceleration of variant calling.
In 21 March 2022, IBM and Genomics England entered a new partnership to transform patient care. IBM is selected as a strategic technology partner for Genomics England over 18 months to support the enable the consumption of AWS cloud services & AI capabilities.
In March 2022, Boehringer Ingelheim, the leading research-driven biopharmaceutical company, partnered with Lifebit Biotech, Ltd. (Lifebit), a precision medicine software company, in which Lifebit will support Boehringer Ingelheim in building a scalable data, analytics, & infrastructure platform within its IT environment.
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