PUBLISHER: TechNavio | PRODUCT CODE: 1783895
PUBLISHER: TechNavio | PRODUCT CODE: 1783895
The AI in genomics market is forecasted to grow by USD 1,729.2 mn during 2024-2029, accelerating at a CAGR of 32.6% during the forecast period. The report on the AI in genomics market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by precipitous decline in sequencing costs and subsequent genomic data, ascendancy of precision medicine and personalized healthcare, and intensifying investment and innovation in AI for drug discovery.
Market Scope | |
---|---|
Base Year | 2025 |
End Year | 2029 |
Series Year | 2025-2029 |
Growth Momentum | Accelerate |
YOY 2025 | 30.6% |
CAGR | 32.6% |
Incremental Value | $1,729.2 mn |
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's AI in genomics market is segmented as below:
By Component
By Technology
By End-user
By Geographical Landscape
This study identifies the proliferation of generative AI and foundation models in biology as one of the prime reasons driving the AI in genomics market growth during the next few years. Also, shift toward multi-omics data integration for a systems-level view and clinical integration and the growing importance of real-world evidence will lead to sizable demand in the market.
The report on the AI in genomics market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading AI in genomics market vendors that include BenevolentAI, Data4Cure Inc., Deep Genomics Inc., DNAnexus Inc., Engine Biosciences Pte.Ltd., Fabric Genomics Inc., FDNA Inc., Freenome Holdings Inc., Genoox, International Business Machines Corp., Invitae Corp., Lifebit Biotech Inc, Microsoft Corp., MolecularMatch Inc., NVIDIA Corp., PrecisionLife Ltd, SOPHiA GENETICS, and Verge Analytics Inc.. Also, the AI in genomics market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
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