Global Generative AI In Biology Development Strategy, Growth Opportunities, Top Prominent Players, Segment Analysis, Ind

Comments · 98 Views

Global Generative AI in Biology Industry size is expected to be worth around USD 346.9 million by 2032 from USD 72.0 million in 2022, growing at a CAGR of 17.50 %. during the forecast period from 2023 to 2032.

 Overview:

Generative AI, an offshoot of artificial intelligence, has quickly become a game-changer in biological research and healthcare applications. Leveraging deep learning algorithms and neural networks, this revolutionary technology produces data, models, and insights that deepen our understanding of complex biological systems. As such, its growth is experiencing dramatic expansion as research processes accelerate further while novel drug candidates emerge and healthcare solutions improve dramatically.

Global Generative AI in Biology Industry size is expected to be worth around USD 346.9 million by 2032 from USD 72.0 million in 2022, growing at a CAGR of 17.50 %. during the forecast period from 2023 to 2032.

Driving Factors:

Multiple forces contribute to the rapid proliferation of generative AI in biology. One key driver is the explosion in biological data relating to genomics, proteomics, and clinical issues which requires advanced computational methods for analysis and interpretation. Generative AI also facilitates rapid exploration of drug compound libraries reducing time and cost for drug discovery; in addition, the COVID-19 pandemic highlighted AI-driven approaches in vaccine development as well as epidemiological modeling which further propelled investment and interest in this area of science.

Key Market Segments

Based On Application

  • Medical Imaging
  • Genomics and Proteomics
  • Drug Discovery and Development
  • Protein Engineering
  • Synthetic Biology
  • Other Applications

Based On Technology

  • Generative Adversarial Networks
  • Variational Autoencoders
  • Reinforcement Learning
  • Other Technologies

Based On End-User

  • Pharmaceutical and Biotechnology Companies
  • Research Institutions
  • Healthcare Provider
  • Other End-Users

Regional Analysis:

Generative AI in biology is an international trend, with activity concentrated across several regions. North America and its capital city of Washington D.C. have long been at the forefront of AI research and application for biological research purposes; Europe (notably the United Kingdom and Germany ) has also made considerable investments into AI for biological research purposes, while in Asia-Pacific China and India are increasing investing in AI-powered biotech to focus on genomics research as well as drug discovery; The Middle East and Africa are now seeing initial developments driven by growing interest in healthcare innovation initiatives.

Market Key Players

  • NVIDIA Corporation
  • IBM Corporation
  • BenevolentAI
  • DeepMind Technologies Limited
  • Insilico Medicine
  • Recursion Pharmaceuticals
  • Zymergen
  • Other Key Players

Click Here:

Contact us

Contact Person: Mr. Lawrence John

Marketresearch.Biz (Powered By Prudour Pvt. Ltd.)

Tel: +1 (347) 796-4335

Send Email: [email protected]

View More Related Reports:

  1. Battery Energy Storage System Market
  2. Snack Bars Market 
  3. Breast Cancer Liquid Biopsy Market
  4. Ornamental Fish Market
  5. Tangential Flow Filtration Market
 
Comments