Dublin, Aug. 14, 2024 (GLOBE NEWSWIRE) -- The "Artificial Intelligence (AI) in Genomics Market - Focused Insights 2024-2029" report has been added to ResearchAndMarkets.com's offering.
The Artificial Intelligence (AI) in Genomics Market was valued at USD 1.15 billion in 2023, and is expected to reach USD 13.65 billion by 2029, rising at a CAGR of 51.03%
This report contains exclusive data on 31 vendors. The market is characterized by intense competition among global, regional, and local players. Major vendors such as Fabric Genomics, IBM, Microsoft, and NVIDIA lead the market with a range of conventional and cutting-edge AI technologies, positioning themselves for growth amid increasing investments in drug discovery and healthcare R&D. Rapid advancements in genomics and precision medicine are driving significant changes in the AI in Genomics Market. These technological developments are enhancing the capabilities of AI applications, offering new opportunities for innovation and market expansion.
North America accounted for the largest share and stands first in the market. North America is expected to grow at the highest CAGR during the forecast period. AI's integration into genomics in North America is driving groundbreaking advancements in healthcare, agriculture, and scientific research, with the potential to revolutionize how we understand and interact with the genome.
North America is one of the leading AI markets globally, particularly in genomics and medical diagnosis. Countries like the US and Canada are pivotal contributors to this market, driving innovation and adoption in the region. The growing awareness among pharmaceutical and biotech companies in North America further propels the adoption of AI in genome sequencing and precision medicine initiatives.
MARKET TRENDS & DRIVERS
Rapid Advancements in Genomics and AI
Recent years have witnessed remarkable advancements in genomics, significantly accelerated by artificial intelligence (AI) breakthroughs. The integration of AI into genomics has revolutionized the speed and precision of genomic data analysis, enabling scientists to decode complex genetic information with unprecedented efficiency. One of the most notable achievements is the advent of AI-driven algorithms for genome sequencing and annotation. These algorithms can analyze massive datasets, identifying patterns and mutations that may indicate diseases, thus paving the way for personalized medicine.
AI's ability to predict the functional impact of genetic variations is particularly transformative, allowing for early diagnosis and targeted therapies tailored to an individual's genetic makeup. Another significant advancement is the application of AI in CRISPR-based gene editing. AI models are being employed to enhance the precision of CRISPR technology, minimizing off-target effects and improving the accuracy of gene edits. This has profound implications for treating genetic disorders, as it increases the feasibility and safety of gene therapy.
Furthermore, AI has facilitated the development of novel CRISPR tools, expanding the range of genetic modifications that can be performed. These innovations are not only advancing therapeutic applications but also enhancing our understanding of gene function and regulation. The rapid and latest advances in genomics, driven by the integration of AI, are transforming various fields, from healthcare to agriculture.
AI's capability to process and interpret vast amounts of genetic data unlocks new possibilities for personalized medicine, gene editing, cancer treatment, and sustainable agriculture. As AI and genomics evolve, their synergistic relationship promises to usher in a new era of scientific discovery and innovation, with far-reaching implications for human health and well-being.
Emergence of AI-powered Genomic Health Personalization/Health Prediction
The emergence of AI-powered genomic health personalization marks a paradigm shift in healthcare, offering unprecedented potential for individualized health prediction and management. By leveraging the power of artificial intelligence, scientists and healthcare professionals can now analyze vast and complex genomic data sets with remarkable accuracy and speed. This capability is revolutionizing how we understand, predict, and manage health and disease on a deeply personal level. At the core of this transformation is the ability of AI algorithms to identify patterns and correlations within genomic data that are often invisible to human analysis.
Machine learning models, for instance, are trained on extensive genomic and clinical datasets to recognize the genetic markers associated with specific health conditions. This allows for the early detection of diseases such as cancer, diabetes, and cardiovascular disorders, often before any clinical symptoms manifest. Early diagnosis is crucial for timely intervention and can significantly improve patient outcomes. In addition to early diagnosis, AI-powered genomic analysis enables highly personalized treatment strategies.
By understanding the genetic underpinnings of an individual's condition, healthcare providers can tailor therapies most likely effective for that patient. This approach, often called precision medicine, moves away from the traditional one-size-fits-all treatment paradigm. For example, in oncology, AI can help identify specific genetic mutations driving a patient's cancer, allowing for targeted therapies that directly address those mutations, thereby enhancing treatment efficacy and reducing side effects.
Increasing Adoption of AI in Precision Medicine
The adoption of AI in precision medicine is rapidly increasing, driven by its potential to revolutionize patient care through highly personalized treatments. AI algorithms can analyze vast amounts of genomic, clinical, and lifestyle data to identify patterns and correlations that are not discernible through traditional methods. This capability allows for developing tailored treatment plans considering individual genetic profiles, leading to more effective and targeted therapies.
For instance, AI-powered tools predict patient responses to specific drugs, enabling healthcare providers to choose the most effective medications while minimizing adverse effects. Additionally, AI is enhancing early disease detection and diagnosis by identifying biomarkers and genetic predispositions, which can facilitate preventive measures and early interventions.
This approach is particularly impactful in treating complex diseases such as cancer, where precision medicine can significantly improve patient outcomes by targeting the unique genetic mutations driving the disease. As AI technologies advance, their integration into precision medicine is expected to grow, promising a future where treatments are increasingly tailored to patients' needs, enhancing healthcare delivery's overall efficacy and efficiency.
INDUSTRY RESTRAINTS
Challenges in Collecting Phenotypic Data
Phenotypic data collection poses significant challenges that can hinder the application of AI in genomics. Phenotypic traits, shaped by both genetic and environmental factors, exhibit inherent variability and complexity. This diversity makes standardization across datasets difficult, introducing potential inaccuracies and limiting the reliability of AI-driven analyses.
Moreover, ensuring the quality and consistency of phenotypic data is crucial for effective integration with genomic information, requiring meticulous alignment and annotation processes. Ethical considerations regarding data privacy and protection also play a critical role, necessitating robust governance frameworks to mitigate risks and ensure compliance with regulatory standards. The resource-intensive nature of collecting and curating large-scale phenotypic datasets further underscores the complexities of leveraging AI to advance genomic insights and personalized medicine.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 159 |
| Forecast Period | 2023 - 2029 |
| Estimated Market Value (USD) in 2023 | $1.15 Billion |
| Forecasted Market Value (USD) by 2029 | $13.65 Billion |
| Compound Annual Growth Rate | 51.0% |
| Regions Covered | Global |
Key Vendors
- Fabric Genomics
- International Business Machines Corp (IBM)
- Microsoft
- NVIDIA
Other Prominent Vendors
- OrphAI Therapeutics
- Ares Genetics
- BenevolentAI
- Deep Genomics
- Invitae Corp
- DNAnexus
- Illumina
- Engine Biosciences
- FDNA
- Freenome
- Genuity Science
- Lifebit
- MolecularMatch
- Predictive Oncology
- Sophia Genetics
- Google DeepMind
- Intel
- Congenica
- Verge Genomics
- WhiteLab Genomics
- AITIA
- Data4Cure
- Genoox
- Lantern Pharma
- PathAI
- Tempus
- Recursion Pharmaceuticals
For more information about this report visit https://www.researchandmarkets.com/r/sq1yxo
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
