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.
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.
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Market Coverage
- The market number available for – 2022-2030
- Base year- 2022
- Forecast period- 2023-2030
Segment Covered-
- By Delivery Mode
- By Functionality
- By Application
- By End-User
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- IBM Corp., Microsoft Corp., Google LLC, and NVIDIA Corp., among others.
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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
AI in Genomics Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
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.
- Seragon Pharmaceuticals
- Sophia Genetics
- Verge Genomics
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