Artificial Intelligence in Bioinformatics Market Poised for Growth with Increased Adoption in Medical Biotechnology

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Artificial Intelligence in Bioinformatics Market- (By Offering (Software, Services, Others), By Type (Machine Learning, Deep Learning and Others), By Products and Services (Knowledge Management Tools, Bioinformatics Platforms, Bioinformatic Services), By Application (Genomics, Microarrays, System Biology, Text Mining, Chemoinformatics & Drug Design, Proteomics, Transcriptomics, DNA Sequencing, Metabolomics, Others)), By Sector, By Region, Trends, Industry Competition Analysis, Revenue and Forecast To 2033."

According to the latest research by InsightAce Analytic, the Global Artificial Intelligence in Bioinformatics Market is valued at US$ 3.97 Mn in 2023, and it is expected to reach US$ 125.3 Mn by 2033, with a CAGR of 42.1% during the forecast period of 2024-2033.

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AI in bioinformatics refers to the utilization of machine learning techniques and algorithms to analyze and interpret biological data. By integrating expertise from both biological sciences and information technology, AI in bioinformatics bridges the gap between biological data and methods for communication, preservation, and processing, thereby supporting various fields, including biomedical research. Computing technologies are integral in managing data, developing databases, and conducting data storage and analysis, among other related functions. The increasing volume of genomic data has heightened the need for bioinformatics to ensure effective analysis and interpretation, thereby driving the demand for bioinformatics services and technologies. Furthermore, the growing demand for protein and gene sequencing, along with initiatives from both public and private sectors, is accelerating market growth. Advances in genetics, protein research, drug delivery systems, and molecular studies are also contributing to the sector's expansion. Innovations in ecological biology and pharmaceutical genomics are advancing the field of personalized medicine, shifting from disease-specific treatments to more comprehensive, systems-based approaches to healthcare.

List of Prominent Players in the Artificial Intelligence in Bioinformatics Market:
• JADBio
• Gnosis Data Analysis
• Fios Genomics
• SOPHiA GENETICS
• Biomax Informatics Inc.
• DNASTAR
• Ardigen (Parent Company Selvita Group)
• Source BioScience
• QIAGEN
• NeoGenomics Laboratories
• CelbridgeScience
• Eurofins Scientific
• Illumina, Inc.
• Thermo Fisher Scientific, Inc.
• Insilico Medicine
• Strand Life Sciences
• Dassault Systèmes
• iNDX.Ai
• Paige AI, Inc.
• SomaLogic Operating Co., Inc.

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Market Dynamics:
Drivers:
The increasing demand for artificial intelligence in the bioinformatics market is primarily driven by a surge in research activities. These research efforts are systematically designed to assess the safety, efficacy, and effectiveness of new healthcare treatments, medications, devices, and methodologies. AI plays a crucial role in bioinformatics by analyzing medical data from digital health records and other databases, thereby enhancing the accuracy and efficiency of clinical research. This capability aids in identifying potential candidates who meet specific criteria for clinical trials. As the number of clinical trials continues to grow, the integration of AI in bioinformatics is becoming increasingly vital, further propelling the market's expansion.

Challenges:
One of the primary challenges to the widespread adoption and implementation of artificial intelligence in bioinformatics is the shortage of skilled professionals proficient in standard data models. Technological advancements have shifted the focus from traditional statistical methods to more sophisticated analytical approaches, which require specialized expertise. Bioinformatics systems are also highly complex and expensive, with their intricate components requiring precise management. Improper use of these systems can lead to component damage, complicating the analysis and visualization of biological data, which can negatively impact the quality of statistical analyses. The ongoing need for trained professionals capable of handling these advanced tools continues to limit the market's growth potential.

Regional Trends:
North America is anticipated to maintain the largest market share in the artificial intelligence bioinformatics sector, with substantial revenue growth projected in the coming years. The region benefits from widespread adoption of advanced technologies and supportive government policies that encourage market development. Ongoing funding from the U.S. government for bioinformatics research and development initiatives further stimulates market growth. In addition, Europe holds a significant market share, driven by increased investment in medical research, particularly in the field of genetics. The European market is expected to experience rapid growth due to the rising demand for personalized treatments and continuous advancements in technologies such as computing and DNA sequencing.

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Recent Developments:
• In January 2024, Eurofins Scientific is expanding its chlor-alkali electrolysis cell rental service in a European trial run with Nobian GmbH and LOGISTEED Europe B.V. The Nobian company, headquartered in North Rhine-Westphalia, Germany, is one of the most prominent European chlor-alkali1 producers.
• In June 2024, Thermo Fisher Scientific Inc. unveiled the first entirely automated mega-scale plasmid nuclear DNA extraction structure. By offering total automation for both micro and macro expand cleaning and supplying high-purity plasmid without the need for mechanical column organizing or instruction, PlasmidPro facilitates development at growth. This is the newest tool in the Thermo Scientific KingFisher gadget lineup, which provides a variety of plasmid DNA extraction solutions to promote uniformity and productivity.

Segmentation of Artificial Intelligence in Bioinformatics Market-
Artificial Intelligence in Bioinformatics Market- By Offering
• Services
• Software
• Others
Artificial Intelligence in Bioinformatics Market- By Type
• Machine Learning
• Deep Learning
• Others
Artificial Intelligence in Bioinformatics Market- By Products and Services
• Bioinformatics Services
• Bioinformatics Platforms
• Knowledge Management Tools
Artificial Intelligence in Bioinformatics Market- By Application
• Genomics
• Chemoinformatics & Drug Design
• Proteomics
• DNA Sequencing
• System Biology
• Transcriptomics
• Text Mining
• Microarrays
• Metabolomics
• Others
Artificial Intelligence in Bioinformatics Market- By Sector
• Medical Biotechnology
• Animal Biotechnology
• Plant Biotechnology
• Environmental Biotechnology
• Forensic Biotechnology
• Others
Artificial Intelligence in Bioinformatics Market- By Region
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa

Read Overview Report- https://www.insightaceanalytic.com/report/artificial-intelligence-in-bioinformatics-market/2689

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This release was published on openPR.