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GLOBAL AI IN OMICS STUDIES MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Global AI in Omics Studies Market, By Offering (Software, Services), By Technology Platform (Sequencing, Epigenomics, Proteomics, Metabolomics, thers), By Application (Oncology, Infectious Diseases, Neurology, Cardiovascular Diseases, Immunology, Others), By End User (Academic and Research Institutes, Biopharmaceutical Company, Others), By Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)

  • Published In : Dec 2023
  • Code : CMI6516
  • Pages :172
  • Formats :
      Excel and PDF
  • Industry : Healthcare IT

Regional Analysis

Global AI in Omics Studies Market- Regional Insights

  • North America is expected to be the largest market for AI in omics studies during the forecast period, accounting for over 40% of the market share in 2023. The region is home to leading AI and healthcare companies that are at the forefront of developing and applying AI technologies for omics studies. Countries like the U.S. have a highly advanced healthcare research infrastructure along with strong government funding for biomedical research. Several major universities and research institutions in the U.S. are actively exploring the potential of AI and machine learning methods to analyze genomics, proteomics, and other types of omics data. These initiatives are driving the adoption of AI solutions across clinical and research applications in the region.

Moreover, North America has a large pool of AI and data science experts who are working on collaborative projects between academia and industry. The region also has a receptive market environment and favorable regulations to support commercialization of AI-based diagnostic and research tools. Leading pharmaceutical and life sciences companies with significant research and development investments are using AI to accelerate drug discovery from omics data. These factors have made North America the dominant early adopter of AI-powered solutions and services for omics studies.

  • Asia Pacific market is expected to be the second-largest market for AI in omics studies market, accounting for over 25% of the market share in 2023. Countries like China, India, Japan, and South Korea are rapidly investing in healthcare technology and promoting initiatives aimed at precision and personalized medicine. With a growing middle-class population seeking advanced healthcare options, the Asia Pacific region presents substantial opportunities. The governments are also introducing supportive policies and funding for collaborative research involving AI and other cutting-edge technologies. This is attracting major international players to establish R&D centers and partnerships in the region. Furthermore, Asia Pacific countries have a large talent pool of AI and computational experts, which helps address skills shortages and brings down costs for companies. These favorable conditions are strengthening the Asia Pacific position as the fastest-growing regional market for AI in omics studies.
  • Europe market is expected to be the fastest-growing market for AI in omics studies market, with a share of 19% during the forecast period. The growth of the market in Europe is due to the increasing genomic research and development in the region.

Figure 1. Global AI in Omics Studies Market Share (%), By Region, 2023

Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Central Africa 

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