Artificial intelligence in the genomics market | Rising prevalence of diseases and disorders bodes well for the growth of the market
Waves of the latest technologies like artificial intelligence have hit the shores of almost every industry and business. The genomics industry is no exception. The increasing penetration of the latest technologies in the genomics sector will provide a major growth factor for the Artificial intelligence in the genomics market during the 2020-2030 evaluation period.
Genomics can be defined as a study of genomes. It uses a mixture of DNA sequencing, recombinant DNA and bioinformatics methods to assemble, analyze and sequence the structure and function of genomes. Artificial intelligence in genomics is widely used for the development and discovery of new therapies. It also reduces the time it takes to find new therapies. The benefits attached to the use of Artificial Intelligence in genomics will bring fruitful growth opportunities between 2020 and 2030.
On the basis of functionality, the Artificial Intelligence in Genomics market can be categorized into gene editing, predictive genetic testing and preventive medicine, genome sequencing, and clinical workflows.
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The use of artificial intelligence in genomics in applications such as precision medicine, diagnostics, drug discovery and development, agriculture, animal research and others will bring good growth opportunities. The vital end users of artificial intelligence in genomics are government organizations, pharmaceutical companies, biotechnology companies, academic institutes, research centers, healthcare providers and others who will bring good prospects for growth.
TMR’s research team has extensive experience in reporting for a variety of markets and industries. The TMR research team used their wealth of experience in researching current developments in the artificial intelligence in genomics market. Team members have conducted extensive research on all aspects associated with the artificial intelligence market in the field of genomics.
The LEAP mechanism used by the team ensures a detailed and well-documented report to stakeholders and CXOs. The effect of the COVID-19 pandemic on the Artificial Intelligence in Genomics market was also covered by the team and included in the report.
Artificial intelligence in the genomics market: competitive dimensions
The Artificial Intelligence in genomics market has many players who are engaged in intense competition. Market players Artificial intelligence in genomics invest heavily in research and development activities. These activities lead to new techniques and methodologies which help to extract maximum information in minimum time, possibly increasing the growth rate of the artificial intelligence in genomics market.
Some well-established players in the artificial intelligence market in the genomics market are NVIDIA Corporation, Microsoft, Cambridge Cancer Genomics and DNAnexus, Inc.
Artificial intelligence in the genomics market: key trends
Demand for High Quality Data Generation to Drive Growth Prospects in Genomics Artificial Intelligence Market
The growing importance of genomics data to find new techniques and generate new drug discovery mechanisms will bring intensive growth prospects for the artificial intelligence market in the genomics market. The trend of drug discovery will prove to be a growth factor for artificial intelligence in the genomics market.
The incidence of diseases and disorders is at an all time high. The increasing prevalence of various diseases and disorders among a large part of the world population has led to many discoveries and developments in the pharmaceutical industry. This aspect will propel the demand for artificial intelligence in the genomics market.
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Artificial intelligence in the genomics market: a regional perspective
The genomics artificial intelligence market in North America will become the largest regional region contributing to growth. Progress in the region will serve as a vital growth engine. The European genomics artificial intelligence market will also experience profitable growth during the assessment period 2020-2030.
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