MarkNtel Advisors has released a research report on the Artificial Intelligence In Genomics Market, covering the forecast period from 2023 to 2028. The research segment utilizes efficient methodologies to convey sales and revenue forecasts for the specified years, enhancing user understanding and supporting well-informed decision-making. Through a combination of qualitative and quantitative data, this report comprehensively addresses significant changes, gap analyses, emerging opportunities, trends, industry dynamics, and competitive challenges. To familiarize both existing businesses and new entrants with the present market scenario, the report delivers detailed growth prospects for the industry and concise insights into competitors.

Artificial Intelligence In Genomics Market Insights:

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.

This thorough examination encompasses crucial details on market trends, size, forecasts, factors contributing to growth, challenges, and evaluations of competitors. The report conducts a comprehensive assessment of the Artificial Intelligence In Genomics Market, offering insights into the latest advancements and presenting an overview of the market landscape.

Growth Restraint: Lack of Standardization and Data Privacy & Security Concerns

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.

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Artificial Intelligence In Genomics Market Segmentation Analysis

A thorough examination of the Artificial Intelligence In Genomics Market is presented in our research report, meticulously delving into key market segments:

By Offering

-Softwares

-Services

By Technology

-Machine Learning

–Deep Learning

-Other Technologies

By Functionality

-Gene Editing

-Genome Sequencing

-Predictive Genetic Testing & Preventive Medicine

• Of these three, genome sequencing, particularly NGS (Next-generation Sequencing) technologies, is projected to dominate the Global Artificial Intelligence in Genomics Market with the largest revenue share during 2023-28.

By Application

-Diagnostics

-Precision Medicine

-Drug Discovery & Development

-Agriculture & Animal Research

By End User

-Pharmaceutical Companies

-Research Centers, Academic Institutes

-Healthcare Providers

-Government Organizations

• Here, pharmaceutical companies hold a prominent market share owing to various initiatives & investments.

By Region

-North America

-South America

-Europe

-Middle East & Africa

-Asia Pacific

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

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Analysis of Artificial Intelligence In Genomics Market Share:

The Artificial Intelligence In Genomics Market’s competitive environment is examined extensively via a comprehensive analysis of its competitors. This analysis provides in-depth information on each company’s profile, financial achievements, market presence, potential, Research and Development (R&D) expenditures, recent strategic moves in the market, worldwide footprint, strengths and weaknesses, and notable product/service introductions and dominance. The information outlined above offers a comprehensive overview of the prominent market players, including,

-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

Frequently Asked Questions (FAQs)

• How are cost and profit estimations evolving within the Artificial Intelligence In Genomics Industry?
• How do factors such as supply and consumption contribute to the industry landscape?
• How do import and export considerations influence the dynamics of the Artificial Intelligence In Genomics Industry?
• Which technological advancements are expected to influence the future of the Artificial Intelligence In Genomics Market?
• Who are the prominent players featured in the Artificial Intelligence In Genomics Market research report?
• What are the projected valuations in USD, and what is the CAGR for the forecasted years?

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