PUBLISHER: The Business Research Company | PRODUCT CODE: 1662483
PUBLISHER: The Business Research Company | PRODUCT CODE: 1662483
AI in genomics refers to a collection of computer tools utilized by genomics researchers to handle and decipher critical information embedded in large datasets generated from DNA sequencing and other biological processes. These algorithms are designed to identify patterns and abnormalities within genomic data, aiding researchers in understanding the complexities of the human genome.
The main components involved in AI in genomics include hardware, software, and services, with machine learning and computer vision as the key technologies. Hardware encompasses both external and internal components and equipment that enable users to perform various operations such as input, output, storage, communication, and processing. The main functionalities of AI in genomics include genome sequencing, gene editing, and others, and these technologies find applications in diverse areas, including drug discovery and development, precision medicine, diagnostics, and more. The major end-users of AI in genomics include pharmaceutical and biotech companies, healthcare providers, research centers, and other entities involved in genomics research.
The AI in genomics market research report is one of a series of new reports from The Business Research Company that provides AI in genomics market statistics, including AI in genomics industry global market size, regional shares, competitors with an AI in genomics market share, detailed AI in genomics market segments, market trends and opportunities, and any further data you may need to thrive in the AI in genomics industry. This AI in genomics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The AI in genomics market size has grown exponentially in recent years. It will grow from $1.06 billion in 2024 to $1.52 billion in 2025 at a compound annual growth rate (CAGR) of 42.8%. The growth in the historic period can be attributed to advancements in genomic sequencing, data handling challenges, personalized medicine demand, disease understanding and diagnosis, drug discovery and development.
The AI in genomics market size is expected to see exponential growth in the next few years. It will grow to $6.64 billion in 2029 at a compound annual growth rate (CAGR) of 44.6%. The growth in the forecast period can be attributed to expansion of genomic databases, enhanced genomic data security, AI-driven biomarker discovery, integration with other 'omics' data, patient empowerment and education. Major trends in the forecast period include AI in cancer genomics, AI-enhanced genomic imaging, AI-driven biomarker discovery, genomic data integration across healthcare systems, AI in functional genomics research.
The increasing adoption of AI is anticipated to drive the growth of the AI in genomics market in the future. Artificial intelligence (AI) refers to a field that utilizes computer science and extensive datasets to address various challenges. It encompasses subfields such as machine learning and deep learning, which are frequently mentioned in discussions surrounding artificial intelligence. In genomics, AI aids in identifying genetic disorders and major cancer types, predicting the progression of specific diseases in patients, pinpointing genomic variations that cause diseases, and enhancing the capabilities of gene editing tools. As a result of these advantages, there is a rising demand for AI in genomics. For example, a report from International Business Machines Corporation (IBM) published in May 2022 revealed that the global adoption rate of AI surged to 35%, representing a four percent increase from the previous year. Additionally, a report released in May 2023 by the Commonwealth Scientific and Industrial Research Organization (CSIRO), an Australian government agency, indicated that 68% of businesses in Australia had already implemented AI technologies, with another 23% planning to adopt them within the coming year. Therefore, the growing adoption of AI is significantly contributing to the expansion of the AI in genomics market.
The escalating adoption of personalized medicine methodologies is projected to propel the advancement of the AI in genomics market in the forthcoming years. Personalized medicine, also known as precision medicine, represents an innovative approach to healthcare that considers individual variations in genes, environments, and lifestyles when tailoring medical treatments. The integration of AI in genomics for personalized medicine not only augments the speed and precision of genetic analyses but also paves the way for customizing medical interventions for individual patients, thereby enhancing treatment outcomes and advancing precision medicine. For instance, in February 2023, the Personalized Medicine Coalition disclosed that personalized pharmaceuticals accounted for 34% of new medications approved by the US Food and Drug Administration in 2022, maintaining a consistent trend of comprising at least 25% of approvals over the past eight years. Therefore, the increasing utilization of personalized medicine strategies acts as a catalyst for the growth of the AI in genomics market.
Technological advancements constitute a significant and growing trend within the AI in genomics market. Prominent industry players are intensely focused on developing innovative technological solutions to bolster their market standing. For example, in March 2023, Genomic Vision, a France-based biotechnology firm specializing in diagnostic solutions for genetic diseases and cancers, unveiled FiberSmart, an AI-powered software designed for the visualization and high-resolution analysis of lengthy DNA fibers. This groundbreaking technology has the potential to revolutionize the diagnosis and treatment of genetic disorders by enhancing precision and efficacy in diagnosis and treatment. The software analyzes substantial volumes of data to unveil patterns and insights that would otherwise be beyond human capacity to discern independently.
Major players within the AI in genomics market are strategically pursuing partnerships to elevate patient care standards. Strategic partnerships involve companies leveraging each other's strengths and resources to attain mutual advantages and bolster success. For instance, in March 2022, the International Business Machines Corporation (IBM), a prominent US-based technology firm, unveiled a partnership with Genomics England. This collaboration entails IBM working with Genomics England across three key domains such as enhancing the clinical user interface, facilitating swift access to genetic data storage, integrating cloud capabilities within a hybrid cloud environment, and managing services. Genomics England, a UK-based government entity, oversees the 100,000 Genomes Project.
In May 2022, Sema4 Inc., a US-based AI-powered genomic and clinical data intelligence platform company, acquired GeneDx LLC for an approximate sum of $623 million. This strategic acquisition positions Sema4 as one of the foremost and most advanced providers of genomic testing in the United States. Moreover, it fortifies their health information repository, aiming to revolutionize patient care and augment advancements in therapeutic development. This acquisition further expedites Sema4's ability to deliver precision medicine while optimizing platform efficiency. GeneDx LLC, a US-based entity specializing in genetics and genomics, offers AI-enabled testing services to patients, aligning well with Sema4's objectives.
Major companies operating in the AI in genomics market include International Business Machines Corporation, Microsoft Corp., NVIDIA Corporation, Deep Genomics Inc., BenevolentAI Ltd., Fabric Genomics Inc., Verge Genomic Inc., Freenome Holdings Inc., MolecularMatch Inc., SOPHiA GENETICS SA, Data4Cure Inc., PrecisionLife Ltd., Genoox Ltd., Lifebit Ltd., Empiric Logic Ltd., FDNA Inc., DNAnexus Inc., Engine Biosciences Pte Ltd., 4baseCare, Congenica Ltd., CytoReason Ltd., Emedgene Technologies LTD, Illumina Inc., Lifebit Biotech Ltd., Mendel.ai, Predictive Oncology Inc., Tempus Labs Inc., 10x Genomics Inc., Repositive Limited, Genedata AG, Global Gene Corp, Nference Inc., Bluebee Holding B.V., Genomenon Inc.
North America was the largest region in the AI in genomics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the AI in the genomics market report during the forecast period. The regions covered in the ai in genomics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the ai in genomics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The AI in genomics market includes revenues earned by entities by providing services such as computer vision, time series analysis, automatic speech recognition, and natural language processing. The market value includes the value of related goods sold by the service provider or included within the service offering. The AI in genomics market also includes sales of neural network hardware, powered diagnostics and imaging machine which are used in providing AI in genomics services. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
AI In Genomics Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on ai in genomics market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for ai in genomics ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The ai in genomics market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.