According to the new market research report Artificial Intelligence 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
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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 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.
Based on functionality, the AI 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.
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The global Artificial Intelligence 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 AI 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.
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Artificial Intelligence in Genomics Market worth USD 1,671 million by 2025
The report titled as Artificial Intelligence (AI) In Genomics Market Size has been recently added by Absolute Markets Insights which provide readers with a stronger and effective business outlook.
The data also presents penetrative insights into several industry attributes such as trends, policies, and clients operating in widespread industrial regions.
The qualitative and quantitative analysis techniques have also been used by analysts to provide an accurate overview of global business owners and industry trends.
Among other salient features of the report, the study also incorporates client’s demands as well as insinuates future progress of the market across global regions.The analysts have distributed the global Artificial Intelligence (AI) In Genomics Market Size into several regions such as North America, Latin America, Asia-Pacific, Africa, and India for a detailed market study.
The financial aspects of the business are also meticulously studied referring to several attributes such as price, profit margins and sales by regions during the forecast period (2021-2030).Browse the Full Information of this report: https://www.absolutemarketsinsights.com/reports/Artificial-Intelligence-AI-in-Genomics-Market-2021---2029-896The report also includes information on significant market players in order to deliver penetrative insights into the businesses with regards to successful strategies of top-notch companies.
Moreover, the report offers comprehensive information of several traders by presenting accurate facts and figures of market shares.
The report titled as Artificial Intelligence (AI) In Genomics Market Size has been recently added by Absolute Markets Insights which provide readers with a stronger and effective business outlook.
The data also presents penetrative insights into several industry attributes such as trends, policies, and clients operating in widespread industrial regions.
The qualitative and quantitative analysis techniques have also been used by analysts to provide an accurate overview of global business owners and industry trends.
Among other salient features of the report, the study also incorporates client’s demands as well as insinuates future progress of the market across global regions.The analysts have distributed the global Artificial Intelligence (AI) In Genomics Market Size into several regions such as North America, Latin America, Asia-Pacific, Africa, and India for a detailed market study.
The financial aspects of the business are also meticulously studied referring to several attributes such as price, profit margins and sales by regions during the forecast period (2021-2030).Browse the Full Information of this report: https://www.absolutemarketsinsights.com/reports/Artificial-Intelligence-AI-in-Genomics-Market-2021---2029-896The report also includes information on significant market players in order to deliver penetrative insights into the businesses with regards to successful strategies of top-notch companies.
Moreover, the report offers comprehensive information of several traders by presenting accurate facts and figures of market shares.