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Artificial Intelligence In Genomics Market Forecast 2028: Key Players and Emerging Trends

  • Writer: Jackson Harris
    Jackson Harris
  • 19 hours ago
  • 4 min read
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Future of Artificial Intelligence In Genomics Market: Key Dynamics, Size & Share Analysis

The Global Artificial Intelligence in Genomics Market is poised to grow at a CAGR of around 53% during the forecast period, i.e., 2023-28. The growth of the market is projected to be propelled mainly by the rapidly growing genomic data volume, ever-increasing adoption of precision medicine, significant advancements in AI Technologies, and the integration of multi-omics data, which includes genomic, transcriptomic, proteomic, & epigenomic data. Besides, the mounting demand for efficient drug discovery & development, various partnerships between academic institutes, bio-pharma companies, and technology firms, and the growing supportive regulatory environment are other prominent aspects projected enhance the Global Artificial Intelligence in Genomics Market size in the future.

Top Challenges Impacting the Artificial Intelligence In Genomics Market Growth

Since genomic data contain sensitive & personal information, its security & privacy are significant concerns. The use of AI in genomics relies on large-scale genomic datasets, which is why ensuring their privacy & security is critical. Currently, concerns regarding data breaches, unauthorized access, & misuse of genomic data are impacting the adoption of AI-based genomics solutions, particularly in healthcare settings where patient data protection is of utmost importance. Moreover, as the field of AI in genomics is still evolving, there is a lack of standardized approaches & methodologies, which are essential to ensure interoperability, comparability, & reproducibility of results across different AI-based genomics tools & platforms, which otherwise could lead to variations in data analysis & interpretation. Hence, these aspects are projected to hamper the Global Artificial Intelligence in Genomics Market through 2028.

Understanding the Core Segments in the Artificial Intelligence In Genomics Market

Artificial Intelligence In Genomics Market Size, Share & Industry Trends Analysis- By Offering (Software, Services), By Technology (Machine Learning (Deep Learning, Supervised Learning, Reinforcement Learning, Unsupervised Learning), Others), By Functionality (Genome Sequencing, Gene Editing, Predictive Genetic Testing & Preventive Medicine), By Application (Diagnostics, Drug Discovery & Development, Precision Medicine, Agriculture & Animal Research, Other Applications), By End-User (Pharmaceutical & Biotech Companies, Healthcare Providers, Research Centers, Academic Institutes, Government Organizations, Other End Users.

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Geographical Analysis of the Artificial Intelligence In Genomics Market

  • North America

  • South America

  • Europe

  • Middle East & Africa

  • Asia-Pacific

Of all regions globally, North America dominates the Artificial Intelligence in Genomics Market.

Who Dominates the Artificial Intelligence In Genomics Market Insights on Key Industry Players?

Companies are strengthening their presence in the consumer electronics market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.

  • 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 and others.

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