South Africa Ai In Genomics Market Size & Outlook
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South Africa ai in genomics market highlights
- The South Africa ai in genomics market generated a revenue of USD 19.2 million in 2023 and is expected to reach USD 247.9 million by 2030.
- The South Africa market is expected to grow at a CAGR of 44.1% 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.
Ai in genomics market data book summary
| Market revenue in 2023 | USD 19.2 million |
| Market revenue in 2030 | USD 247.9 million |
| Growth rate | 44.1% (CAGR from 2023 to 2030) |
| Largest segment | Drug discovery & development |
| Fastest growing segment | Precision Medicine |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, South Africa accounted for 2.7% of the global ai in genomics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa ai in genomics market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 72.7 million by 2030.
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AI In Genomics Market Scope
AI In Genomics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Data4Cure | View profile | 11-50 | La Jolla, California, United States, North America | https://www.data4cure.com |
| Deep Genomics | View profile | 101-250 | Toronto, Ontario, Canada, North America | http://www.deepgenomics.com/ |
| Fabric Genomics (formerly Omicia) | View profile | 11-50 | Oakland, California, United States, North America | https://www.fabricgenomics.com/ |
| Benevolent AI | View profile | 248 | 4-8 Maple Street, London, United Kingdom, W1T 5HD | https://www.benevolent.com |
| Freenome | View profile | 501-1000 | South San Francisco, California, United States, North America | https://www.freenome.com |
| Sophia Genetics SA | View profile | 449 | La Pièce 12, Rolle, Switzerland, CH-1180 | https://www.sophiagenetics.com |
| Illumina Inc | View profile | 9300 | 5200 Illumina Way, San Diego, CA, United States, 92122 | https://www.illumina.com |
| Thermo Fisher Scientific Inc | View profile | 122000 | 168 Third Avenue, Waltham, MA, United States, 02451 | https://www.thermofisher.com |
| NVIDIA Corp | View profile | 29600 | 2788 San Tomas Expressway, Santa Clara, CA, United States, 95051 | https://www.nvidia.com |
| Microsoft Corp | View profile | 221000 | One Microsoft Way, Redmond, WA, United States, 98052-6399 | https://www.microsoft.com |
| International Business Machines Corp | View profile | 282200 | One New Orchard Road, Armonk, NY, United States, 10504 | http://www.ibm.com |
South Africa 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 33.33% in 2023. Horizon Databook has segmented the South Africa ai in genomics market based on drug discovery & development, precision medicine, diagnotics covering the revenue growth of each sub-segment from 2018 to 2030.
- South Africa 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
- South Africa AI In Genomics Component Outlook (Revenue, USD Million, 2018-2030)
- Processor
- Connectivity IC
- Sensors
- Software
- Hardware
- Services
- South Africa AI In Genomics Technology Outlook (Revenue, USD Million, 2018-2030)
- Machine Learning
- Computer Vision
- South Africa AI In Genomics Functionality Type Outlook (Revenue, USD Million, 2018-2030)
- Genome Sequencing
- Gene Editing
- Others
- South Africa AI In Genomics End Use Outlook (Revenue, USD Million, 2018-2030)
- Pharmaceutical & Biotechnology
- Healthcare Providers
- Research Centers
- Others
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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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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa ai in genomics market , including forecasts for subscribers. This country databook contains high-level insights into South Africa ai in genomics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa ai in genomics market size, by application, 2018-2030 (US$M)
South Africa AI In Genomics Market Outlook Share, 2023 & 2030 (US$M)
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