The waves of latest technologies like Artificial Intelligence have touched the shores of almost all sectors and businesses. The genomics sector is no exception. The growing penetration of the latest technologies across the genomics sector will bring prove to be a major growth contributor for the Artificial Intelligence in genomics market through the assessment period of 2020-2030.
Genomics can be defined as a study of genomes. It uses a blend of DNA sequencing methods, recombinant DNA, and bioinformatics to assemble, analyze, and sequence the structure and function of genomes. Artificial Intelligence in genomics is widely used for the development and the discovery of novel therapeutics. It also decreases the time for finding novel therapies. The benefits attached to the use of Artificial Intelligence in genomics will bring fruitful growth opportunities between 2020 and 2030.
On the basis of functionality, the Artificial Intelligence in genomics market can be classified into gene editing, predictive genetic testing and preventive medicine, genome sequencing, and clinical workflows.
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The utilization of Artificial Intelligence in genomics in applications such as precision medicine, diagnostics, drug discovery and development, agriculture, animal research, and others will bring good growth opportunities. Vital end-users of Artificial Intelligence in genomics are government organizations, pharmaceutical companies, biotech firms, academic institutes, research centers, healthcare providers, and others will bring good growth prospects.
The TMR research team has intensive experience in developing reports for a large number of markets and sectors. The TMR research team has used the rich experience they have in researching the current developments in the Artificial Intelligence in genomics market. The team members have conducted extensive research on every aspect associated with the Artificial Intelligence in genomics market.
The L.E.A.P mechanism used by the team assures a detailed and well-researched report to the stakeholders and CXOs. The effect of the COVID-19 pandemic on the Artificial Intelligence in genomics market has also been covered by the team and included in the report.
Artificial Intelligence in Genomics Market: Competitive Dimensions
The Artificial Intelligence in genomics market has many players who indulge in intense competition. The players in the Artificial Intelligence in genomics market invest extensively in research and development activities. These activities lead to new techniques and methodologies that help in extracting maximum information in minimum time, eventually increasing the growth rate of the Artificial Intelligence in genomics market.
Some well-entrenched players in the Artificial Intelligence in genomics market are NVIDIA Corporation, Microsoft, Cambridge Cancer Genomics, and DNAnexus, Inc.
Artificial Intelligence in Genomics Market: Key Trends
Demand for High-Quality Data Generation to Boost the Growth Prospects across the Artificial Intelligence in Genomics Market
The increasing importance of data in genomics for finding novel techniques and generating new drug-discovery mechanisms will bring intensive growth prospects for the Artificial Intelligence in genomics market. The trend of drug-discovery will prove to be a growth-changer for the Artificial Intelligence in genomics market.
The incidences of diseases and disorders are at an all-time high. The rising prevalence of various diseases and disorders among a massive chunk of the global populace has led to many discoveries and developments in the drug industry. This aspect will propel the demand for Artificial Intelligence in genomics market.
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Artificial Intelligence in Genomics Market: Regional Perspective
The Artificial Intelligence in genomics market in North America will emerge as the largest regional growth-contributing region. The advancements across the region will serve as a vital growth generator. Europe’s Artificial Intelligence in genomics market will also gain profitable growth across the assessment period of 2020-2030.
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