A prominent research firm, Cognizance Market Research added a cutting-edge industry report on “Global Artificial Intelligence in Genomics Market”. The report studies the current as well as past growth trends and opportunities for the market to gain valuable insights during the forecast period from 2020 to 2028.
Global Artificial Intelligence in Genomics Market Analysis
According to cognizance market research the Global Artificial Intelligence in Genomics Market was valued at USD 140.3 Million in 2019 and expected to register a CAGR of 41.1% from 2021 to 2028.
What is Global Artificial Intelligence in Genomics?
Artificial intelligence (AI) is the progression of computer systems that are capable to comprehensive tasks that typically involve human intelligence. The development in artificial intelligence, particularly deep learning algorithms and graphics processing units that control its training, has led to a current and quickly growing interest in AI medical applications. In Genomics, a deep learning algorithm is used to process large and complex genomic datasets. In clinical genomics, AI-based algorithms are phenomenal in their ability to understand complex data.
Global Artificial Intelligence in Genomics Market Outlook
In the Global Artificial Intelligence in Genomics report, the market outlook segment mainly includes important dynamics of the market which include drivers, restraints, opportunities, and challenges tackled by the industry. Opportunities and challenges are extrinsic factors whereas, drivers and restraints are intrinsic factors of the market.
The mounting research activities for the development of innovative treatments to treat various diseases and the high application of machine learning and deep learning in drug development are expected to the market growth significantly in the coming years. In areas such as oncology, pharmacology, infectious diseases, and more vertical healthcare, genomic medicine is having an impact. In evaluating tailored treatment plans, clinical care, and study operations, genomics medicine using machine learning and artificial intelligence plays an important role. Artificial intelligence and machine learning include the study of gene mutations and gene mutations. This is used to help understand the cause and treatment of illnesses. In genomic medicine, the role of computer science in the demonstration, investigation, and plotting of data networks in cells and the integration of pathological and clinical data to determine the origin of diseases from genetic alterations is increasingly important. However, the enormous size of the genome, regulatory variables, high costs, technology, etc.
The report offers the revenue of the Global Artificial Intelligence in Genomics market for the period 2018–2028, considering 2018 as a historical year, 2019 as the base year, and 2020 to 2028 as the forecast year. The report also provides the compound annual growth rate (CAGR) for the Global Artificial Intelligence in Genomics market for the forecast period. The Global Artificial Intelligence in Genomics market report provides insights and in-depth analysis into developments impacting enterprises and businesses on a regional and global level. The report covers the Global Artificial Intelligence in Genomics market performance in terms of revenue contribution from several segments and comprises a detailed analysis of key drivers, trends, restraints, and opportunities prompting revenue growth of the Global Artificial Intelligence in Genomics market.
The report has been prepared after wide-ranging secondary and primary research. Secondary research included internet sources, numerical data from government organizations, trade associations, and websites. Analysts have also employed an amalgamation of bottom-up and top-down approaches to study numerous phenomena in the Global Artificial Intelligence in Genomics market. Secondary research involved a detailed analysis of significant players’ Type portfolio. Literature review, press releases, annual reports, white paper, and relevant documents have been also studied to understand the global AI in Genomics Market. Primary research involved a great extent of research efforts, wherein experts carried out interviews telephonic as well as questioner-based with industry experts and opinion-makers.
The report includes an executive summary, along with a growth pattern of different segmented included in the scope of the study. The Y-o-Y analysis with elaborate market insights has been provided in the report to comprehend the Y-o-Y trends in the Global AI in Genomics Market. Additionally, the report focuses on altering competitive dynamics in the global market. These indices serve as valued tools for present market players as well as for companies interested in participating in the Global Artificial Intelligence in Genomics market. The subsequent section of the Global Artificial Intelligence in Genomics report highlights the USPs, which include key industry events (Type launch, research partnership, acquisition, etc.), technology advancements, pipeline analysis, prevalence data, and regulatory scenario.
Global Artificial Intelligence in Genomics Market Competitive Landscape
The “Global Artificial Intelligence in Genomics Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Deep Genomics, Freenome Holdings, Inc., Engine Biosciences Pte. Ltd., Verge Genomics, SOPHiA GENETICS, Inc., Genoox, Ltd., Fabric Genomics, Inc., LifebitAI, BenevolentAI, Congenica Ltd., Emedgene, Microsoft, Predictive Oncology, and Ares Genetics GmbH among others.
The report explores the competitive scenario of the AI in Genomics Market. Major players operating in the Global Artificial Intelligence in Genomics market have been identified and profiled for unique commercial attributes. Company overview (company description, Type portfolio, geographic presence, employee strength, Key management, etc.), financials, SWOT analysis, recent developments, and key strategies are some of the features of companies profiled in the Global AI in Genomics Market report.
Key Questions Answered in Global Artificial Intelligence in Genomics Market Report
- What are the major players operating in the Global AI in Genomics Market?
- What are trends, drivers, opportunities, and challenges in the Global AI in Genomics Market?
- Which is the leading country in the Global AI in Genomics Market?
- What are the revenue share forecasts of key sections of the Global Artificial Intelligence in Genomics during the estimated timeframe?
- Which segment is expected to lead the Global AI in Genomics Market in terms of revenue by 2028?
- How partnerships & alliances among companies operating in the market are broadening the scope of the Global AI in Genomics Market?
- Who are the top 5 leaders of Global AI in Genomics Market?
- Which unmet needs will remain unaddressed over the projected period?
The Global Artificial Intelligence in Genomics Market has been segmented as below:
Global AI in Genomics Market, by Application
- Drug Development
- Clinical Decision Support
Global AI in Genomics Market, by End-user
- Drug Development Companies
- Hospitals and Healthcare Providers
- Research Institutes
Global AI in Genomics Market, by Region
- North America
- Asia Pacific
- Latin America
- Middle East & Africa