Europe Ai In Genomics Market Size & Outlook, 2023-2030
The ai in genomics market in Europe is expected to reach a projected revenue of US$ 2,867.2 million by 2030. A compound annual growth rate of 46.6% is expected of Europe ai in genomics market from 2024 to 2030.
Revenue, 2023 (US$M)
$196.9
Forecast, 2030 (US$M)
$2,867.2
CAGR, 2024 - 2030
46.6%
Report Coverage
Europe
Europe ai in genomics market, 2018-2030 (US$M)
Related Markets
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 segmentation & scope
Consumer Electronics
Healthcare
Automotive
Military & Defense
Media & Entertainment
Others
Drug Optimization & Repurposing
Preclinical Testing
Orthopedics
Neurology
Urology
Gynecology
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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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.
Partial client list
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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