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What Is the Forecast for the AI In Bioinformatics Market Growth in 2025?

The market size of AI in bioinformatics has seen a phenomenal growth in the last few years, expected to inflate from $4.3 billion in 2024 to $6.18 billion in 2025, boasting a compound annual growth rate (CAGR) of 43.8%. The surge observed in the historic period can be linked to the expanding genomic data availability, emergence of precision medicine, escalating demand for biomarker discovery and clinical trial optimization, in addition to the rising tendency for increased collaboration.

What Is the Forecast for the AI In Bioinformatics Market Size Through 2029?

The market size of AI in bioinformatics is anticipated to witness an extraordinary growth in the coming years, with an estimated value of $26.46 billion in 2029, registering a compound annual growth rate (CAGR) of 43.9%. The primary factors contributing to this expected growth during the forecast period include the advancements in single-cell technologies, increased focus on the integration of multi-omics, a heightened emphasis on functional genomics, speed-up in drug repurposing, and broader acceptance of AI in pathology. Additionally, the period is likely to see major trends like AI ethics and responsible use of data, the emergence of AI-driven virtual labs, inclusion of quantum computing, initiation of AI-dominated clinical trials, and the application of blockchain technology for secure exchange of data.

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What are the Key Market Players in AI In Bioinformatics Market and How They’re Evolving?

Major companies operating in the AI in bioinformatics market report are Thermo Fisher Scientific Inc., Eurofins Scientific SE, Dassault Systèmes SE, Illumina Inc., NeoGenomics Laboratories Inc., QIAGEN N.V., SomaLogic Operating Co. Inc., Seven Bridges Genomics Inc., Genialis Inc., SOPHiA GENETICS SA, DNAnexus Inc., Insilico Medicine Inc., Deep Genomics Inc., Biomax Informatics Inc., Ardigen SA, Strand Life Sciences Pvt. Ltd., Genomenon Inc., SourceBio International Limited, Fios Genomics Limited, CelbridgeScience, BlueBee Holding BV, JADBio, Elucidata Corporation, Gnosis DA, DNASTAR Inc., iNDX.Ai, Paige AI Inc.

What Are the Primary Growth Drivers in the AI In Bioinformatics Market?

The growth of AI in the bioinformatics market is anticipated to accelerate due to the rising number of clinical trials. These trials involve a systematic, meticulously-planned procedure of medical research, which includes human participants to assess the safety and effectiveness of new medical treatments, drugs, devices, or therapeutic strategies. In these trials, AI in bioinformatics helps analyze patient data from electronic health records and other sources and identify potential candidates for clinical trials that meet certain criteria, enhancing recruitment efficiency and targeting. For instance, based on data from Xtalks, a Canada-based life science, and medical device firm cited on ClinicalTrials.gov, in May 2023, 452,604 clinical trials were registered globally, with 64,838 of the total registered studies actively seeking participants. There has been a significant rise in number of registered trials from over 365,000 reported at the beginning of 2021, indicating the growth of AI in the bioinformatics market driven by the increasing number of clinical trials.

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What Are the Leading Segments in the Global AI In Bioinformatics Industry?

The AI in bioinformatics market covered in this report is segmented –

1) By Type: Machine Learning, Deep Learning, Other Types

2) By Offering: Services, Software

3) By Application: Genomics, Chemoinformatics And Drug Design, Proteomics, DNA Sequencing, System Biology, Transcriptomics, Text Mining, Microarrays, Metabolomics, Other Applications

Subsegments:

1) By Machine Learning: Supervised Learning Algorithms, Unsupervised Learning Algorithms, Reinforcement Learning

2) By Deep Learning: Neural Networks, Natural Language Processing Models, Generative Adversarial Networks (GANs)

3) By Other Types: Statistical Models, Evolutionary Algorithms, Fuzzy Logic Systems

What Are the Key Market Trends in the AI In Bioinformatics Industry?

Key players in the AI in bioinformatics market are introducing technological enhancements to the Bionl.AI platform to boost their market earnings. Bionl.AI provides a comprehensive workspace for exploration, analysis, and visualization, drastically reducing the time taken to complete complex tasks. For instance, in October 2023, Bionl Inc., a company specializing in biomedical and bioinformatics research, debuted Bionl.AI. This groundbreaking platform seeks to transform biomedical and bioinformatics research by offering a no-code solution that allows researchers, students, and professionals to explore biomedicine through natural language queries. The platform employs advanced GenAI models to provide immediate insights and to make complicated analysis engaging and easier to handle.

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What Is the Regional Outlook for the AI In Bioinformatics Market?

North America was the largest region in the AI in bioinformatics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the AI in bioinformatics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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This Report Delivers Insight On:

1. How big is the ai in bioinformatics market, and how is it changing globally?

2. Who are the major companies in the ai in bioinformatics market, and how are they performing?

3. What are the key opportunities and risks in the ai in bioinformatics market right now?

4. Which products or customer segments are growing the most in the ai in bioinformatics market?

5. What factors are helping or slowing down the growth of the ai in bioinformatics market?

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