Global Artificial Intelligence In Genomics

Global Artificial Intelligence In Genomics Market Research Report: Forecast (2021-2026)

By Offering (Software, Services), By Technology (Machine Learning (Deep Learning, Supervised Learning, Reinforcement Learning, Unsupervised Learning), Others), By Functionality (Genome Sequencing, Gen Read more

  • Healthcare
  • Apr 2021
  • 210
  • HC44014

Market Overview

Genomes are a complete set of DNA, including all the genes of a particular individual. The study of genomes of an organism focusing on its evolution, structure, and functioning is known as genomics. Now, the role of Artificial intelligence in genomics is to help developing drugs for curing rare diseases.

According to the MarkNtel Advisors' research report, "Global Artificial Intelligence in Genomics Market Analysis, 2021," the market is expected to grow at a CAGR of around 53% during (2021-26). The market growth is primarily due to the rising need to analyze the patients' data using AI to discover novel methods for improving the overall healthcare quality.

The increase in the volume of data and rising dataset sophistication fuels the demand for AI in genomics. Additionally, the combination of AI in genomics helps to diagnose diseases, such as cancer, diabetes, and Attention deficit hyperactivity disorder (ADHD) by analyzing a significant amount of data points in less time.

Report Coverage Details
Study Period Historical Data: 2016-19
Base Year: 2020
Forecast Period: 2021-26
CAGR 53%
Regions Covered North America: USA, Canada, Mexico
Europe: Germany, The UK, France, Spain, Italy, and Others
Asia-Pacific: China, India, Japan, South Korea and Others
South America: Brazil, and others
Middle East & Africa:  GCC, South Africa and Others
Key Companies Profiled IBM., Nvidia, Deep Genomics, BenevolentAI limited, Verge Genomics, Molecularmatch, Sophia Genetics, Genoox, FDNA, Empiric Logic, etc.
Unit Denominations USD Million/Billion

 

Impact of COVID-19

The outbreak of the COVID-19 has accelerated the use of AI technology in various end-user industries. Healthcare professionals have tried to diagnose the severity of coronavirus infection with the help of research and existing genetic databases.

With AI in genomics, the data derived from genomes can identify Covid-19 complications. Further, the adoption of AI in genomics is primarily for diagnosis & drug development, thereby providing a lucrative opportunity to drive the market growth in the forthcoming period.

Global Artificial Intelligence in Genomics Market Outlook

Market Segmentation 

Pharmaceutical and Biotech Company Accounted for the Largest Market Share

Based on the End-User, the market classifies into Pharmaceutical & Biotech Companies, Healthcare Providers, Research Centers, Academic Institutes, Government Organizations, and Other End Users. In 2019, the Pharmaceutical and Biotech companies acquired the largest share in the Global Artificial Intelligence in Genomics Market. Data is an essential part of pharmaceutical companies for drug development as it is evidence of safety and efficacy. Thus, the AI helps in analyzing this data efficiently and safely.

The surge in prevalence of diseases like cancer & genetic disorders and the rising demand to reduce time & costs of drug development are likely to support this segment's growth, tells MarkNtel Advisors in their research report, "Global Artificial Intelligence in Genomics Market Analysis, 2021."

Machine Learning Grabbed the Highest Share

Based on the Technology, the Machine Learning segment dominated the Global Artificial Intelligence in Genomics Market in 2019. It is because genomics produces massive data; therefore, most bioinformatics algorithms work on the methodologies of machine learning to identify patterns & make predictions.

Additionally, there is a surge in the adoption of machine learning for drug-genomic applications by pharmaceutical and biotechnology companies because it extracts meaningful insights from the data sets and augments genomic research.

Regional Landscape

North America Acquired the Largest Market Share

Globally, North America has accounted for the largest share in the Global Artificial Intelligence in Genomics Market in 2019 and is likely to maintain its dominance over the forecast period due to an increase in R&D funding and rising government initiatives to promote precision medicine in the region.

Furthermore, the presence of key players, developing infrastructure to support advanced technology, and incredible strategies by market players to offer efficient solutions are the factors rendering growth opportunities to Artificial Intelligence in the genomics market.

Market Driver

Burgeoning Need to Reduce the Cost and Time of Drug Development 

Generally, drug discovery & development happens through 'In Vivo' and 'In Vitro' methods, which are costly and consume a significant amount of time to complete the process. Hence, AI in genomics is rising as an alternative approach for discovering drugs; it analyzes the massive datasets for developing new therapeutics in less time than traditional methods. 

Competitive Landscape

According to MarkNtel Advisors, the major leading players in the global Artificial Intelligence in Genomics market are IBM., Nvidia, Deep Genomics, BenevolentAI limited, Verge Genomics, Molecularmatch, Sophia Genetics, Genoox, FDNA, Empiric Logic, etc.

Key Questions Answered in the Market Research Report:

  1. What are the primary overall market statistics or estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of Global Artificial Intelligence in Genomics Market?
  2. What are the region-wise industry size, growth drivers, and challenges?
  3. What are the key innovations, opportunities, current & future trends, and regulations in the Global Artificial Intelligence in Genomics Market? 
  4. Who are the key competitors, their key strengths and weaknesses, and how do they perform in Global Artificial Intelligence in Genomics Market based on a competitive benchmarking matrix?
  5. What are the key results derived from the market surveys conducted during Global Artificial Intelligence in Genomics Market study?

Market Outlook, Segmentation and Statistics 

  • Impact of COVID-19 on Global Artificial Intelligence in Genomics Market
  • Market Size & Analysis
    • By Revenue
  • Market Share & Analysis
    • Offering
      • Software
      • Services
    • By Technology
      • Machine Learning
        • Deep Learning
        • Supervised Learning
        • Reinforcement Learning
        • Unsupervised Learning
      • Others
    • By Functionality
      • Genome Sequencing
      • Gene Editing
      • Clinical Workflows
      • Predictive Genetic Testing & Preventive Medicine
    • By End-User
      • Pharmaceutical & Biotech Companies
      • Healthcare Providers
      • Research Centres, Academic Institutes
      • Government Organizations
      • Other End Users
    • By Application
      • Diagnostics
      • Drug Discovery & Development
      • Precision Medicine
      • Agriculture & Animal Research
      • Other Applications
    • By Region
      • North America
      • Europe
      • Asia-Pacific
      • South America
      • Middle East & Africa
    • By Competitors
      • Competition Characteristics
      • Market Share & Analysis
      • Competitive Metrix
  • Global Artificial Intelligence in Genomics Market Hotspots & Opportunities
  • Global Artificial Intelligence in Genomics Market Regulations & Policy
  • Key Strategic Imperatives for Success and Growth
  • Global Competition Outlook
    • Competition Matrix
    • Company Profile

Frequently Asked Questions

A. The historical data has been provided since 2016, while the base year is 2020, and the data forecast is up to 2026.

A. The market size/industry size or the market value is measured in terms of USD Million.

A. The Global Artificial Intelligence in Genomics Market is forecast to grow at a CAGR of 53% during 2021-26.

A. IBM, NVidia, Deep Genomics, BenevolentAI limited, Verge Genomics, Molecularmatch, Sophia Genetics, Genoox, FDNA, Empiric Logic are a few of the leading players in the Global Artificial Intelligence in Genomics Market.

A. Pharmaceutical and Biotech companies are likely to attain the highest CAGR during the forecast period and maintain their significant market share.

A. North America continues to grow at the highest CAGR during 2021-26, thereby rendering immense opportunities for market players of Global Artificial Intelligence in the Genomics Market.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
    4. Market Segmentation
  2. Preface
  3. Executive Summary
  4. Impact of COVID-19 on Global Artificial Intelligence in Genomics Market
  5. Global Artificial Intelligence in Genomics Market Trends & Insights
  6. Global Artificial Intelligence in Genomics Market Dynamics
    1. Drivers
    2. Challenges
    3. Impact Analysis
  7. Global Artificial Intelligence in Genomics Market Hotspots & Opportunities
  8. Global Artificial Intelligence in Genomics Market Value Chain Analysis
  9. Global Artificial Intelligence in Genomics Market Regulations & Policy
  10. Global Artificial Intelligence in Genomics Market Start-up Ecosystem, 2016-2021
    1. Entrepreneurial Activity
    2. Year On Year Funding Received
    3. Funding Received by Top Companies
    4. Key Investors Active in the Market
    5. Series Wise Funding Received
      1. Seed Funding
      2. Angel Investing
      3. Venture Capitalists (VC) Funding
      4. Others
  11. Global Artificial Intelligence in Genomics Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Offering
        1. Softwares
        2. Services
      2. By Technology
        1. Machine Learning
          1. Deep Learning
        2. Other Technologies
      3. By Functionality
        1. Gene Editing
        2. Genome Sequencing
        3. Predictive Genetic Testing & Preventive Medicine
      4. By Application
        1. Diagnostics
        2. Precision Medicine
        3. Drug Discovery & Development
        4. Agriculture & Animal Research
      5. By End User
        1. Pharmaceutical Companies
        2. Research Centers, Academic Institutes
        3. Healthcare Providers
        4. Government Organizations
      6. By Region
        1. North America
        2. South America
        3. Europe
        4. Middle East & Africa
        5. Asia Pacific
      7. By Competitors
        1. Competition Characteristics
        2. Market Share & Analysis
        3. Competitive Matrix
  12. North America Artificial Intelligence in Genomics Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenue
    2. Market Share & Analysis
      1. By Offering
      2. By Technology
      3. By Functionality
      4. By Application
      5. By End User
      6. By Country
        1. The US
        2. Canada
        3. Mexico
    3. The US Artificial Intelligence in Genomics Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Offering
        2. By Technology
    4. Canada Artificial Intelligence in Genomics Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Offering
        2. By Technology
    5. Mexico Artificial Intelligence in Genomics Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Offering
        2. By Technology
  13. South America Artificial Intelligence in Genomics Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenue
    2. Market Share & Analysis
      1. By Offering
      2. By Technology
      3. By Functionality
      4. By Application
      5. By End User
      6. By Country
        1. Brazil
        2. Others
    3. Brazil Artificial Intelligence in Genomics Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Offering
        2. By Technology
  14. Europe Artificial Intelligence in Genomics Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenue
    2. Market Share & Analysis
      1. By Offering
      2. By Technology
      3. By Functionality
      4. By Application
      5. By End User
      6. By Country
        1. Germany
        2. The UK
        3. France
        4. Spain
        5. Italy
        6. Others
    3. Germany Artificial Intelligence in Genomics Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Offering
        2. By Technology
    4. The UK Artificial Intelligence in Genomics Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Offering
        2. By Technology
    5. France Artificial Intelligence in Genomics Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Offering
        2. By Technology
    6. Spain Artificial Intelligence in Genomics Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Offering
        2. By Technology
    7. Italy Artificial Intelligence in Genomics Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Offering
        2. By Technology
  15. Middle East & Africa Artificial Intelligence in Genomics Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenue
    2. Market Share & Analysis
      1. By Offering
      2. By Technology
      3. By Functionality
      4. By Application
      5. By End User
      6. By Country
        1. GCC
        2. South Africa
        3. Others
    3. GCC Artificial Intelligence in Genomics Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Offering
        2. By Technology
    4. South Africa Artificial Intelligence in Genomics Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Offering
        2. By Technology
  16. Asia Pacific Artificial Intelligence in Genomics Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenue
    2. Market Share & Analysis
      1. By Offering
      2. By Technology
      3. By Functionality
      4. By Application
      5. By End User
      6. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Others
    3. China Artificial Intelligence in Genomics Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Offering
        2. By Technology
    4. India Artificial Intelligence in Genomics Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Offering
        2. By Technology
    5. Japan Artificial Intelligence in Genomics Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Offering
        2. By Technology
    6. South Korea Artificial Intelligence in Genomics Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Offering
        2. By Technology
  17. Key Strategic Imperatives for Success and Growth
  18. Competition Outlook
    1. Competition Matrix
      1. Product Portfolio
      2. Target Markets
      3. Target End Users
      4. Research & Development
      5. Strategic Alliances
      6. Strategic Initiatives
    2. Company Profiles
      1. Deep Genomics Inc.
      2. IBM
      3. Microsoft Corporation
      4. Fabric Genomics, Inc.
      5. Verge Analytics, Inc.
      6. FDNA Inc.
      7. Benevolent AI
      8. Freenome Holdings, Inc.
      9. SOPHIA GENETICS
      10. Ardigen
      11. Congenica Ltd.
      12. Lantern Pharma, Inc.
      13. MolecularMatch, Inc.
      14. Empiric Logic Limited
      15. Lifebit
  19. Disclaimer
Global Artificial Intelligence In Genomics Market Research Report: Forecast (2021-2026)