Global Ai In Genomics Market Size & Outlook, 2023-2030
Global ai in genomics market, 2018-2030 (US$M)
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Global ai in genomics market highlights
- The global ai in genomics market generated a revenue of USD 706.9 million in 2023 and is expected to reach USD 9,990.2 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 46% by 2030.
- In terms of segment, drug discovery & development accounted for a revenue of USD 237.3 million in 2023.
- Precision Medicine is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Kuwait is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 706.9 million |
| Market revenue in 2030 | USD 9,990.2 million |
| Growth rate | 46% (CAGR from 2023 to 2030) |
| Largest segment | Drug discovery & development |
| Fastest growing segment | Precision Medicine |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Drug Discovery & Development, Precision Medicine, Diagnotics |
Other key industry trends
- In terms of revenue, the North America accounted for 29.1% of the global ai in genomics market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Kuwait is the fastest growing regional market and is projected to reach USD 10.4 million by 2030.
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AI In Genomics Market Scope
AI In Genomics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global ai in genomics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ai in genomics market will help companies and investors design strategic landscapes.
Drug discovery & development was the largest segment with a revenue share of 33.57% in 2023. Horizon Databook has segmented the Global ai in genomics market based on drug discovery & development, precision medicine, diagnotics covering the revenue growth of each sub-segment from 2018 to 2030.
- Global AI In Genomics Application Outlook (Revenue, USD Million, 2018-2030)
- Consumer Electronics
- Healthcare
- Automotive
- Military & Defense
- Media & Entertainment
- Drug Discovery & Development
- Precision Medicine
- Diagnotics
- Others
- Drug Optimization & Repurposing
- Preclinical Testing
- Orthopedics
- Neurology
- Urology
- Gynecology
- Global AI In Genomics Component Outlook (Revenue, USD Million, 2018-2030)
- Processor
- Connectivity IC
- Sensors
- Software
- Hardware
- Services
- Global AI In Genomics Technology Outlook (Revenue, USD Million, 2018-2030)
- Machine Learning
- Computer Vision
- Global AI In Genomics Functionality Type Outlook (Revenue, USD Million, 2018-2030)
- Genome Sequencing
- Gene Editing
- Others
- Global AI In Genomics End Use Outlook (Revenue, USD Million, 2018-2030)
- Pharmaceutical & Biotechnology
- Healthcare Providers
- Research Centers
- Others
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Our clientele includes a mix of ai in genomics market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global ai in genomics market , including forecasts for subscribers. This global databook contains high-level insights into Global ai in genomics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global ai in genomics market size, by regions, 2018-2030 (US$M)
Top 10 countries: Ai in genomics market size, 2023 (US$M)
Global ai in genomics market share, by application, 2023 & 2030 (%, US$M)
Ai in genomics market: Opportunity assessment by country
Global ai in genomics market, by region, 2023 (US$M)
| Application | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 53.5 | 64.9 | 80.1 | 104.0 | 145.8 | 205.9 | 293.0 | 419.6 | 605.1 | 878.7 | 1,284.7 | 1,891.1 | 2,802.2 | 45.2% |
| Europe | 48.7 | 59.7 | 74.3 | 97.5 | 138.0 | 196.9 | 282.8 | 408.9 | 595.5 | 873.2 | 1,289.2 | 1,916.1 | 2,867.2 | 46.6% |
| Asia Pacific | 43.6 | 53.6 | 67.0 | 88.1 | 125.3 | 179.3 | 258.4 | 374.9 | 547.9 | 806.0 | 1,193.8 | 1,780.2 | 2,672.4 | 47.1% |
| Latin America | 19.9 | 24.1 | 29.8 | 38.7 | 54.2 | 76.6 | 109.0 | 156.2 | 225.4 | 327.4 | 478.8 | 705.0 | 1,045.0 | 45.2% |
| MEA | 13.2 | 15.9 | 19.4 | 24.9 | 34.5 | 48.2 | 67.8 | 96.1 | 137.0 | 196.5 | 283.8 | 412.5 | 603.4 | 43.5% |
| Overall | 178.8 | 218.1 | 270.5 | 353.1 | 497.9 | 707.0 | 1,010.9 | 1,455.8 | 2,110.9 | 3,081.8 | 4,530.3 | 6,704.8 | 9,990.2 | 46.0% |
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