Gene Prediction Tools Market Size, Share & Trends Analysis Report By Type (Software, Services), By Method (Empirical Methods, Ab Initio Methods), By Application, By End-use, By Region, And Segment Forecasts, 2024 - 2030

Gene Prediction Tools Market Size & Trends

The global gene prediction tools market size was estimated at USD 139.8 million in 2023 and is projected to grow at a CAGR of 18.57% from 2024 to 2030. This can be attributed to the increasing R&D in biotechnology and pharmaceuticals, technological advancements in genomics, the growing demand for personalized medicine, and the rising prevalence of genetic disorders. Moreover, growth in government initiatives and funding, and the integration of AI and ML are driving the adoption of gene prediction tools. For instance, in December 2022, the UK government announced to invest around USD 190 million in cutting-edge genomics research to establish an advanced genomic healthcare system.

The growing prevalence of genetic disorders and the need for early diagnosis and intervention are driving the demand for gene prediction tools. Accurate gene prediction can facilitate the identification of genetic mutations associated with various diseases, enabling early diagnosis and improved patient outcomes. For instance, genetic disorders such as cystic fibrosis, muscular dystrophy, and certain types of cancer can be better managed with early and precise genetic identification.

The rapid progress in genomic technologies, such as next-generation sequencing (NGS) and bioinformatics, has revolutionized gene prediction. These advancements have enabled more accurate and efficient identification of genes, driving the adoption of gene prediction tools. For instance, the advent of high-throughput sequencing technologies allows for comprehensive analysis of entire genomes, providing vast amounts of data that can be analyzed using sophisticated gene prediction algorithms. By identifying specific genetic variations, healthcare providers can customize treatments for conditions like cancer, cardiovascular diseases, and rare genetic disorders.

Government initiatives and increased funding for genomic research are also significant drivers of the gene prediction tools market. Governments and research institutions worldwide are investing in genomic projects to advance scientific understanding and improve public health. For instance, the National Institutes of Health (NIH) in the U.S. has funded numerous genomic research initiatives, including the Human Genome Project and the All of Us Research Program. In February 2024, the Australian Government announced the investment of USD 500.1 million in genomic research under the Genomics Health Futures Mission to enhance disease testing and diagnosis, provide personalized treatment options, and improve health outcomes while reducing unnecessary interventions and health costs. Such initiatives provide substantial support for the development and adoption of gene prediction tools, fostering market growth.

Market Concentration & Characteristics

The market is characterized by a high degree of innovation driven by advancements in genomics, bioinformatics, and computational biology. The integration of artificial intelligence (AI) and machine learning (ML) algorithms has significantly enhanced predictive accuracy and the ability to handle large genomic datasets. For instance, AI-driven tools can predict gene functions and interactions more precisely, aiding in the discovery of novel therapeutic targets. Continuous improvements in software algorithms and the incorporation of cloud computing for large-scale genomic data analysis are further propelling innovation in this market.

The market has witnessed considerable merger and acquisition (M&A) activities, reflecting the strategic efforts of companies to enhance their technological capabilities and expand their market presence. Large biotech and pharmaceutical companies are acquiring smaller, innovative firms to integrate advanced gene prediction technologies into their portfolios.

Regulations play a crucial role in shaping the gene prediction tools market. Regulatory agencies such as the U.S. Food and Drug Administration (FDA) and the European Medicines Agency (EMA) establish stringent guidelines to ensure the safety, efficacy, and quality of genomic tools and technologies. Compliance with these regulations is essential for market entry and product approval.

The industry is witnessing a moderate level of service expansion as key companies are announcing new service launches and expansion of software capabilities to strengthen their market position. As a result, the market is expected to witness several new gene prediction platforms in the coming years.

Regional expansion is a significant growth driver in the gene prediction tools market. Companies are actively exploring and entering emerging markets in Asia-Pacific, Latin America, and the Middle East to capitalize on the increasing demand for genomic research and personalized medicine in these regions.

Type Insights

The software segment dominated the industry in 2023 and is driven by advanced computational capabilities, integration with genomic technologies, user-friendly interfaces, continuous innovation, and a wide range of applications. Advanced software solutions leverage algorithms, artificial intelligence (AI), and machine learning (ML) to accurately predict gene functions, interactions, and regulatory mechanisms. For instance, platforms like IBM Watson for Genomics use AI to sift through large genomic datasets, providing valuable insights that would be impossible to achieve manually. In June 2022, IBM's Watson for Genomics was launched in the first European university hospital to assist doctors in selecting treatments for complex cancer cases. The software is designed to save time by analyzing the DNA of cancer patients to find suitable treatments. This capability to process and analyze big data efficiently makes software solutions indispensable in genomic research.

The development of user-friendly interfaces in gene prediction software has democratized access to complex genomic analyses. Tools like CLC Genomics Workbench by QIAGEN provide intuitive interfaces and customizable workflows, enabling users to perform a wide range of genomic analyses with ease.

The services segment is expected to witness the highest CAGR of 19.10% from 2024 to 2030 due to the increasing demand for outsourcing and specialized expertise needed for clinical and pharmaceutical applications. Gene prediction services support drug discovery, development, and personalized treatment strategies by providing detailed insights into genetic variations and their implications. For instance, pharmaceutical companies often collaborate with genomic service providers to identify novel drug targets and understand genetic factors influencing drug response, thereby enhancing the efficiency and effectiveness of their R&D efforts.

Method Insights

The empirical methods segment dominated the market with a share of 63.4% in 2023 and is also expected to grow at the highest CAGR from 2024 to 2030. This growth is attributed to their superior accuracy and reliability, integration with high-throughput technologies, broad applications across research and clinical fields, and academic and industry collaboration. Empirical methods, which rely on statistical models and observed data to predict gene functions and interactions, offer superior accuracy and reliability compared to other approaches. These methods use large datasets of known gene sequences and functions to train predictive models, resulting in highly accurate gene predictions.

Ab initio methods are expected to grow at a significant CAGR over the forecast period. Recent advances in computational power and data analytics have further propelled the growth of these methods. The development of powerful computing platforms and sophisticated data analysis tools allows for the efficient processing and interpretation of large genomic datasets. These technological advancements enhance the capability of ab initio methods to deliver accurate and meaningful gene predictions. Cloud computing services offered by companies like Amazon Web Services (AWS) and Google Cloud Platform (GCP) provide the necessary infrastructure to support large-scale analyses, making these methods more accessible and scalable.

Application Insights

The drug discovery & development segment dominated the market with a share of 66.7% in 2023 due to its critical role in identifying drug targets, enhancing precision in drug development, and accelerating drug discovery timelines. The use of gene prediction tools enhances the precision of drug development by providing detailed insights into genetic variations and their impact on drug response. This precision allows for the design of targeted therapies tailored to the genetic profiles of patient populations. For instance, targeted cancer therapies, such as those developed by companies like Genentech and AstraZeneca, rely on gene prediction tools to identify genetic mutations that drive tumor growth, enabling the creation of drugs that specifically target these mutations. For instance, in November 2023, AstraZeneca signed a collaboration and investment agreement with Cellectis, a clinical-stage biotechnology company, to accelerate the development of next-generation cell therapy and genomic medicines.

The diagnostics development segment is projected to witness the highest CAGR of 19.72% from 2024 to 2030. This growth is driven by the rising demand for precision medicine, advances in genomic technologies, increasing prevalence of genetic disorders, expansion of personalized diagnostics, regulatory support, growing investment in genomic research, and strategic collaborations.The growing emphasis on precision medicine, which tailors healthcare treatments to the individual characteristics of each patient, is a significant driver of this segment. Gene prediction tools are instrumental in developing diagnostics that identify specific genetic mutations and biomarkers associated with various diseases. For instance, in oncology, these tools help in the creation of diagnostic tests that can detect cancer at an early stage by identifying genetic mutations specific to different cancer types.

End-use Insights

The industrial segment dominated the market in 2023 due to its extensive applications in biotechnological processes, synthetic biology, agricultural biotechnology, pharmaceutical manufacturing, etc. The industrial sector, particularly pharmaceutical companies, is increasingly focusing on precision medicine. Gene prediction tools are essential for understanding genetic variations and tailoring treatments to individual patients, leading to better therapeutic outcomes. Industries often collaborate with academic and research institutions to develop and refine gene prediction technologies. These partnerships can lead to the development of more sophisticated tools that are then used in industrial applications, further driving the market share of the industrial segment.

The academic & research segment is projected to witness the highest CAGR of 19.02% over the forecast period due to the collaborative initiatives of academic institutions in pioneering research, expanding educational programs, and addressing ethical considerations strengthening their critical position in this dynamic market. Academic institutions often lead efforts to address regulatory and ethical considerations in genomic research. Developing gene prediction tools that adhere to ethical guidelines and regulatory standards enhances their adoption in research settings. Moreover, academic researchers publish their findings in reputable journals, showcasing the effectiveness and applications of gene prediction tools. High-impact publications increase the visibility and credibility of these tools, driving their adoption in academic research.

Regional Insights

North America dominated the market and accounted for a 41.8% share in 2023. The region hasa robust regulatory framework that supports genomic research while ensuring ethical standards and patient safety. Government initiatives, such as the Precision Medicine Initiative, and significant funding from organizations like the National Institutes of Health (NIH) enhance research capabilities and innovation in gene prediction technologies. The presence of comprehensive genomic databases and biobanks also accelerates the research and application of gene prediction tools. Moreover, the high prevalence of chronic diseases and a growing focus on personalized medicine drive the demand for advanced genomic tools to tailor treatments to individual genetic profiles. According to the CDC report published in February 2024, an estimated 129 million people in the U.S. have at least 1 major chronic disease such as cancer, heart disease, obesity, diabetes, and hypertension.

U.S. Gene Prediction Tools Market Trends

The gene prediction tools market in the U.S. is anticipated to experience growth over the forecast period due to the robust R&D infrastructure, substantial funding, and a collaborative ecosystem. The rising prevalence of genetic disorders and chronic diseases in the U.S. necessitates advanced genomic tools for early diagnosis, treatment planning, and monitoring. The growing focus on precision medicine, which tailors healthcare treatments to individual genetic profiles, drives demand for accurate gene prediction tools. These tools are essential for identifying genetic variations and understanding disease mechanisms, leading to personalized therapies.

Europe Gene Prediction Tools Market Trends

The Europe gene prediction tools market is anticipated to grow over the forecast period. Europe boasts a robust network of universities, research institutions, and biotechnological firms that are leaders in genomics research. This strong academic and research infrastructure supports the continuous development and refinement of gene prediction technologies. European governments and the European Union have been actively investing in genomic research and biotechnology. Programs such as Horizon Europe provide substantial funding for research and innovation in genomics, driving the development and adoption of advanced gene prediction tools.

The gene prediction tools market in the UK is expected to grow from 2024 to 2030.The UK's robust focus on genomic research and innovation significantly contributes to the expansion of the gene prediction tools market. Major investments in initiatives like the 100,000 Genomes Project, a landmark British endeavor aimed at sequencing and analyzing the impact of genes on health and disease have positioned the UK as a frontrunner in genomic science. These projects produce extensive genetic data, necessitating the use of sophisticated gene prediction tools for effective analysis and interpretation.

France gene prediction tools market is expected to grow from 2024 to 2030. The French government has launched several programs to support genomic research and personalized medicine. For instance, the French Plan for Genomic Medicine 2025 aims to position France as a leader in precision medicine by integrating genomic data into clinical practice. Such initiatives boost the adoption of gene prediction tools across research and clinical settings.

The gene prediction tools market in Germany is expected to grow from 2024 to 2030 due to the strong R&D infrastructure, supported by world-renowned institutions such as the Max Planck Society, Helmholtz Association, and Fraunhofer Society. These institutions are at the forefront of genomic research, driving advancements in gene prediction technologies. The presence of cutting-edge laboratories and a well-established research ecosystem fosters continuous innovation and application of gene prediction tools. Programs such as the German Federal Ministry of Education and Research (BMBF) funding for genomics projects and the National Genome Research Network (NGFN) provide substantial financial support for research and development. These initiatives help bridge the gap between basic research and clinical application, promoting the use of advanced gene prediction tools.

Asia Pacific Gene Prediction Tools Market Trends

Asia Pacific gene prediction tools market is anticipated to witness the fastest growth at a CAGR of 19.8% from 2024 to 2030 due to favorable demographic factors, technological advancements, supportive government policies, and increasing investments in healthcare and biotechnology sectors. Governments in countries like China, India, Japan, and South Korea are implementing supportive policies and initiatives to promote genomic research and healthcare innovation. This support fosters market growth for gene prediction tools. Moreover, the diverse genetic makeup of Asian Pacific populations presents opportunities for studying genetic variations and diseases.

The gene prediction tools market in China is anticipated to grow over the forecast period.  China has made substantial investments in biotechnology and life sciences, supported by government initiatives such as the "Made in China 2025" strategy, which prioritizes technological advancement in the healthcare and biotechnology sectors. These investments foster innovation in gene prediction technologies, including advancements in bioinformatics, data analytics, and genetic testing capabilities. Moreover, the rising prevalence of chronic diseases drives the market for gene prediction tools in China. According to the report published by the Shanghai Municipal People's Government in July 2023, China's elderly population, comprising 190 million people, is facing a significant public health issue due to chronic diseases. The National Health Commission reports that 75% of those over 60 have one chronic disease and 43% have at least two. Chronic diseases are the leading cause of death for Chinese people, accounting for 86.6% of all deaths.

The Japan gene prediction tools market is expected to witness rapid growth over the forecast period. The Japanese government's commitment to advancing genomic research and personalized medicine is a significant driver of market growth. Initiatives such as the Japan Precision Medicine Initiative (JPMI) aim to integrate genomic information into clinical practice, promoting the adoption of gene prediction tools in healthcare settings. Funding support from organizations like the Japan Society for the Promotion of Science (JSPS) and the Ministry of Health, Labour and Welfare (MHLW) accelerates research and development in genomic technologies, bolstering market expansion.

The gene prediction tools market in India is poised for rapid growth driven by several key factors. The prevalence of genetic diseases in India has heightened the demand for advanced diagnostic tools. The Indian government's proactive support for genomic research and healthcare reforms, exemplified by initiatives like the National Health Policy and the Biotechnology Industry Research Assistance Council (BIRAC), further accelerates market expansion. These initiatives foster the development of indigenous technologies, strengthening India's capabilities in genomic research and promoting the adoption of gene prediction tools in clinical settings. Public health initiatives such as the Indian Genome Variation Consortium (IGVC) and state-level genomics projects underscore the practical applications of gene prediction tools. They facilitate studies on population genetics, disease epidemiology, and pharmacogenomics, thereby improving public health outcomes through targeted interventions and personalized medicine.

Middle East and Africa (MEA) Gene Prediction Tools Market Trends

The MEA gene prediction tools market is projected to grow from 2024 to 2030 due to the increasing healthcare investments, rising awareness of precision medicine, and public health initiatives. Governments across the MEA region are investing in healthcare infrastructure and research initiatives focused on genomics. These initiatives aim to enhance healthcare delivery, promote indigenous biotechnological advancements, and address public health challenges related to genetic diseases.

The gene prediction tools market in Saudi Arabia is expected to grow over the forecast period.The region is experiencing a significant rise in consanguineous marriages and genetic predispositions. According to the article published in February 2024 by the National Library of Medicine, Saudi Arabia is recognized globally for having one of the highest incidences of consanguineous marriages. This cultural practice is widespread across many Arab nations, where rates typically range from 20% to 50% of all marriages leading to higher incidences of autosomal recessive disorders in children, increasing morbidity and mortality rates with elevated occurrences of congenital heart defects like pulmonary atresia, pulmonary stenosis, ventricular septal defect, and ASD, indicating heightened genetic risks in highly inbred populations. Here, Gene prediction tools are essential for diagnosing and managing these disorders, driving demand for advanced genetic testing and personalized medicine approaches.

Key Gene Prediction Tools Company Insights

Key players operating in the market are undertaking various initiatives to strengthen their market presence and increase the reach of their products and services. Strategies such as expansion activities and partnerships are playing a key role in propelling market growth.

Recent Developments

• In March 2024, PharmaKure partnered with Sheffield Hallam University to develop epigenetic biomarkers that can predict Alzheimer's disease risk and enable earlier interventions. Such collaborations are expected to expand the applications of gene prediction tools.

• In January 2024, Inherent Biosciences and Genomic Prediction formed a commercial partnership to integrate Inherent Biosciences' Epigenetic Sperm Quality Test (SpermQT) into Genomic Prediction's clinical laboratory tests, with a focus on advancing male reproductive health. The initiative is anticipated to open new growth opportunities for gene prediction tools.

• In September 2023, Google DeepMind introduced an AI tool that predicts the potential harm of genetic mutations, particularly missense mutations. These mutations, which can disrupt protein function and cause diseases like cystic fibrosis, cancer, and brain development issues, are often harmless but can disrupt protein function, potentially aiding research into rare diseases.

Gene Prediction Tools Market Report Scope

Global Gene Prediction Tools Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global gene prediction tools market report based on type, method, application, end-use, and region.

• Type Outlook (Revenue, USD Million, 2018 - 2030)

  • Software

  • Services

• Method Outlook (Revenue, USD Million, 2018 - 2030)

  • Empirical Methods

  • Ab Initio Methods

  • Others

• Application Outlook (Revenue, USD Million, 2018 - 2030)

  • Drug Discovery & Development

  • Diagnostics Development

  • Others

• End-use Outlook (Revenue, USD Million, 2018 - 2030)

  • Academic & Research

  • Industrial

• Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

    • Denmark

    • Sweden

    • Norway

  • Asia Pacific

    • Japan

    • China

    • India

    • Australia

    • South Korea

    • Thailand

  • Latin America

    • Brazil

    • Argentina

  • MEA

    • South Africa

    • Saudi Arabia

    • UAE

    • Kuwait