Artificial Intelligence in Genomics Market Size, Share and Future Trends

Healthcarenews14 May, 2024Business

The global Artificial Intelligence (AI) in Genomics market is projected to reach USD 2.0 billion by 2028, up from USD 0.5 billion in 2023, growing at a CAGR of 32.3% during the forecast period from 2023 to 2028. The report delves into various factors driving this growth, including the need to accelerate processes and timelines, reduce drug development and discovery costs, increasing partnerships and collaborations among industry players, and growing investments in AI in genomics. Additionally, the rising adoption of AI in precision medicine, explosion in bioinformatics data, and genomic datasets are contributing to the market's expansion.