Global Artificial Intelligence In Genomics Market in APAC Observe Significant Growth, Claim by MarkNtel Advisors Research
The most recent version of MarkNtel Advisors' research report on the Global Artificial Intelligence In Genomics market includes an examination of numerous aspects that contribute to the market's growth, analysis, size, share, outlook and expected to grow at CAGR of 53% by 2028. It includes trends, limitations, and market drivers that have an impact on the market, either positively or negatively. The report provides scope for strategic planning and presents a complete assessment of constraints, restraints, and possibilities. The industry growth factors are crucial since they may be comprehended to create various tactics for seizing the lucrative prospects present in the constantly expanding industry. In order to better understand the market and make useful recommendations, the views of market experts have also been considered.
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How large is the Global Artificial Intelligence In Genomics market?
Growth Rate: 53% CAGR
Year of Estimation Base: 2022
Historical Information: 2018-2021
Projection Period:2023-2028
Driving Factors for the Global Artificial Intelligence In Genomics Market and an Analysis of Future Demand:
Key Drivers: Immense Potential of AI to Transform Genomics Research & Healthcare
Genomics research generates massive & complex datasets, which include DNA sequences, gene expression profiles, and epigenetic data, which AI algorithms can handle & analyze at an unprecedented scale & speed by identifying patterns, detecting genomic variants, predicting gene functions, and uncovering hidden relationships within the data in order to provide valuable insights for researchers & clinicians. Moreover, AI algorithms can also analyze genomic variants identified through sequencing to understand their potential impact on health & disease. By classifying variants, predicting their functional consequences, and prioritizing them for further investigation, AI can help identify disease-causing mutations and enable more accurate diagnoses as well as personalized treatment decisions. Hence, in this manner, AI holds enormous potential to transform genomics research and the entire healthcare industry and, consequently, drive the Global Artificial Intelligence in Genomics Market during 2023-28.
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.
Note - You will find a thorough market analysis, growth analysis graphs, historical and forecast period analyses, key market segmentation, the top key players in the market, a table of contents, a list of figures, and a list of tables in this research reports.
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Discovering Potential: Unraveling Segments and Regional and Country projections in the Global Artificial Intelligence In Genomics Market
The Global Artificial Intelligence In Genomics Market can be divided into different Segments, along with different regions/country. The growth of each segment provides a precise estimation and sales forecast for the period from 2023 to 2028. This analysis is valuable for stakeholders aiming to expand their businesses by focusing on specific and qualified niche markets. The report includes market data at regional levels. Our team of research analysts comprehends the competitive advantages of each competitor and offers a separate competitive analysis for each.
What Exactly Does Global Artificial Intelligence In Genomics Market Segmentation Include?
By Offering
-Softwares
-Services
By Technology
-Machine Learning
--Deep Learning
-Other Technologies
By Functionality
-Gene Editing
-Genome Sequencing
-Predictive Genetic Testing & Preventive Medicine
By Application
-Diagnostics
-Precision Medicine
-Drug Discovery & Development
-Agriculture & Animal Research
By End User
-Pharmaceutical Companies
-Research Centers, Academic Institutes
-Healthcare Providers
-Government Organizations
Geographical Analysis Trends, Future and Forecast (2023-2028) of Global Artificial Intelligence In Genomics Market
By Region
-North America
-South America
-Europe
-Middle East & Africa
-Asia Pacific
Who Are the Leading Key Players in the Global Artificial Intelligence In Genomics Market
The report has also examined the competitive landscape of the market, highlighting key players in the industry are-
-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
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Important advantages for stakeholders
- In order to identify the potential in the present market, this study aims to provide a thorough analysis of the current market trends and future projections from 20023 to 2028.
- A thorough analysis of numerous locations that yields information that can help organisations plan their commercial actions tactically.
- A thorough study and projections of different regions to give stakeholders a thorough understanding of the present trends so they may create region-specific plans.
- Important regulatory processes for the market under study are carefully considered based on the region.
- A thorough study of the elements supporting and impeding the expansion of the Global Artificial Intelligence In Genomics market is given.
Do not miss out the business opportunity of Global Artificial Intelligence In Genomics Market. Consult our analysts to gather imperative insights, and facilitate your business growth.
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