ALL >> Business >> View Article
Ai In Genomics Market Worth Usd 1,671 Million By 2025
According to the new market research report AI in Genomics Market is projected to reach USD 1,671 million by 2025 from USD 202 million in 2020, at a CAGR of 52.7% between 2020 and 2025
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=36649899
The need to control drug development and discovery costs and time, increasing public and private investments in AI in genomics, and the adoption of AI solutions in precision medicine are driving the growth of this market. However, the lack of a skilled AI workforce and ambiguous regulatory guidelines for medical software are expected to restrain the market growth during the forecast period.
Based on functionality, the Artificial Intelligence in Genomics Market is segmented into genome sequencing, gene editing, clinical workflows, and predictive genetic testing & preventive medicine. Genome sequencing was the largest functionality segment in this market in 2019 and is estimated to grow at highest CAGR in coming years. The large share of this segment can be attributed to the use of AI solutions to identify chromosomal disorders, dysmorphic ...
... syndromes, teratogenic disorders, and single-gene disorders.
Based on offering, the Artificial Intelligence in Genomics Market is segmented into software and services. The software and services segment accounted for largest share of the global AI in genomics market in 2019. Software is needed to generate new insights from large-scale datasets and help understand genomic variations, thus enhancing the search for disease-causing variants and reducing clinical analysis times. The benefits offered by AI in software are driving its adoption among end users.
Request For Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=36649899
The global AI in Genomics market is segmented into North America, the Asia Pacific, Europe, Rest of the World. North America (comprising the US, and Canada) is expected to account for the largest share of the global Artificial Intelligence in Genomics Market in 2020, followed by Europe. The large share of North America can be attributed to the increasing research funding and government initiatives for promoting precision medicine in the US.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
An innovative professional with 6+ years of progressive experience within the Healthcare industry. with the skills to drive business growth, capitalize on new revenue potential, and manage all aspects of daily internet / eCommerce operations.
Add Comment
Business Articles
1. Why Choose Ac On Rent In Mumbai Instead Of Buying?Author: Shoaib Shaikh
2. How Walkable Skylights Transform Flat Roofs Into Usable Spaces
Author: ADVAN
3. How Engineering Firms Can Match Workforce Capacity To Project Phases
Author: Bhargav
4. Rewriting The Rules Of Seo: Keep Your Brand In Front Of Customers
Author: Devakey Digital Solutions
5. Skilled Brunswick Workers Comp Lawyer Helps Protect Your Claim
Author: ADVAN
6. What Is A Payroll Clearing Account And How It Works
Author: ADVAN
7. Why High Temperature Thermocouple Sheath Selection Matters
Author: ADVAN
8. The Crucial Factors That Shape Every Room Heater Price Tag
Author: sundar
9. When Winter Comfort Calls For A Different Kind Of Heat
Author: sundar
10. Heat Exchanger Manufacturer In India: How To Choose The Right Partner For Your Plant
Author: Laxman Pachkawde
11. Reliable Well Servicing In Alberta With Synergy
Author: John Martin
12. Choosing Among The Best Well-servicing Companies In Alberta
Author: John Martin
13. Why Filter Maintenance Is Important For Industrial Vacuum Cleaners
Author: Steve Smith
14. Lucintel Forecasts The Global Batch Inclusion Eva Bag Market To Reach $3 Billion By 2035
Author: Lucintel LLC
15. What Should You Look For When Choosing House Painters In Adelaide?
Author: Viva Painters Adelaide