Europe Ai In Genomics Market Size & Outlook, 2023-2030
Europe ai in genomics market, 2018-2030 (US$M)
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Europe ai in genomics market highlights
- The Europe ai in genomics market generated a revenue of USD 196.9 million in 2023.
- The market is expected to grow at a CAGR of 46.6% from 2024 to 2030.
- In terms of segment, drug discovery & development was the largest revenue generating application in 2023.
- Precision Medicine is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 196.9 million |
| Market revenue in 2030 | USD 2,867.2 million |
| Growth rate | 46.6% (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 |
| Key market players worldwide | International Business Machines Corp, Microsoft Corp, NVIDIA Corp, Freenome, Thermo Fisher Scientific Inc, Illumina Inc, Sophia Genetics SA, Benevolent AI, Deep Genomics, Data4Cure, Fabric Genomics (formerly Omicia) |
Other key industry trends
- In terms of revenue, Europe region accounted for 27.8% of the global ai in genomics market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,672.4 million by 2030.
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AI In Genomics Market Scope
AI In Genomics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Europe 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 33.67% in 2023. Horizon Databook has segmented the Europe ai in genomics market based on drug discovery & development, precision medicine, diagnotics covering the revenue growth of each sub-segment from 2018 to 2030.
- Europe 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
- Europe AI In Genomics Component Outlook (Revenue, USD Million, 2018-2030)
- Processor
- Connectivity IC
- Sensors
- Software
- Hardware
- Services
- Europe AI In Genomics Technology Outlook (Revenue, USD Million, 2018-2030)
- Machine Learning
- Computer Vision
- Europe AI In Genomics Functionality Type Outlook (Revenue, USD Million, 2018-2030)
- Genome Sequencing
- Gene Editing
- Others
- Europe AI In Genomics End Use Outlook (Revenue, USD Million, 2018-2030)
- Pharmaceutical & Biotechnology
- Healthcare Providers
- Research Centers
- Others
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Target buyers of Europe ai in genomics market databook
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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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Europe ai in genomics market , including forecasts for subscribers. This continent databook contains high-level insights into Europe ai in genomics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe ai in genomics market size, by country, 2018-2030 (US$M)
Europe AI In Genomics Market Outlook Share, 2023 & 2030 (US$M)
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