AI In Bioinformatics Market Growth Outlook: Trends, Market Size, and Opportunities Over the Next Decade
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Drivers Are Shaping the Growth and Development of theAI In Bioinformatics Market?
The growth of AI in the bioinformatics market is likely to be spurred by the rise in the number of clinical trials. Clinical trials, which entail a meticulously planned process of conducting medical research involving humans, are used to ascertain the safety and effectiveness of new medical interventions, treatments, drugs, devices, or therapeutic strategies. AI is utilized in bioinformatics for clinical trials to analyze data from electronic health records and other sources, identifying suitable candidates for the trials based on specific criteria, thereby enhancing the efficacy of recruitment and targeting. For instance, as of May 2023, there were 452,604 registered clinical trials worldwide on ClinicalTrials.gov, according to Xtalks, a life science and medical device platform based in Canada, and out of these, 64,838 studies are actively in search for participants. The number of registered trials has also witnessed a significant surge from just over 365,000 reported in early 2021. Accordingly, the escalating number of clinical trials is stimulating the expansion of AI in the bioinformatics market.
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#What is the Projected CAGR for the AI In Bioinformatics Market Size from 2025 to 2034?
The market size of AI in bioinformatics has witnessed a substantial expansion in the past few years. It is expected to rise from $4.3 billion in 2024 to $6.18 billion in 2025, reflecting a compound annual growth rate (CAGR) of 43.8%. Factors contributing to such growth during the historical period include the surge in genomic data, the advent of precision medicine, the need for biomarker discovery, optimization of clinical trials, and enhanced collaboration.
In the forthcoming years, the market size of AI in bioinformatics is predicted to witness a dramatic surge, escalating to $26.46 billion in 2029 with a compound annual growth rate (CAGR) of 43.9%. The notable expansion during the prediction period can be related to the advancement of single-cell technologies, rising prioritization on multi-omics integration, increased concentration on functional genomics, quickening of drug repurposing, and a surge in the application of AI in pathology. Some key trends within this projected period encompass ethical usage of AI and responsible data handling, AI-facilitated virtual labs, the inclusion of quantum computing, AI-enabled clinical trials, and the use of blockchain for protected data exchange.
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Which Cutting-Edge Market Trends Are Expected to Drive theAI In Bioinformatics Market’s Growth?
Leading firms in the AI in bioinformatics market are making use of the Bionl.AI platform to introduce radical technological improvements to boost their market profits. Bionl.AI is a comprehensive workspace that simplifies exploration, analysis, and visualization, significantly reducing the time needed for complicated processes. In October 2023, Bionl Inc., a biomedical and bioinformatics research platform company based in the US, unveiled Bionl.AI. This innovative platform is designed to transform biomedical and bioinformatics research by offering a no-code option for research, education, and profession, enabling exploration of biomedicine through natural language queries. The platform utilizes cutting-edge GenAI models to provide immediate insights, allowing complex analysis to become accessible and interactive.
What Are the Leading Market Players Impacting theAI In Bioinformatics Market’s Growth Trend?
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.
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How Are the Key Segments of the AI In Bioinformatics Market Driving Opportunities and Innovations?
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
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What Regions Are At the Forefront of #What Drivers Are Shaping the Growth and Development of theAI In Bioinformatics Market?# Market Expansion?
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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