Artificial Intelligence in Bioinformatics Market to Grow at Over 42 Percent CAGR Fueled by Advancements in Deep Learning and Genomic Sequencing

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 involves the application of machine learning algorithms and advanced computational techniques to analyze and interpret complex biological data. By merging expertise from the biological sciences and information technology, this discipline facilitates the effective communication, management, and processing of biological information, thereby supporting a wide range of applications, including biomedical research. Advanced computing systems play a critical role in the development and management of biological databases, data storage, and analytics.

The exponential growth in genomic data has significantly increased the need for robust bioinformatics solutions capable of enabling accurate and efficient data interpretation. This demand is propelling the adoption of AI-powered bioinformatics services and technologies. Additionally, the rising need for protein and gene sequencing, coupled with strategic initiatives from both governmental and private entities, is further accelerating market expansion. Technological advancements in genetics, proteomics, drug delivery mechanisms, and molecular biology continue to drive innovation in the field. Emerging developments in areas such as ecological biology and pharmaceutical genomics are also contributing to the evolution of personalized medicine, enabling a shift from traditional disease-specific interventions to holistic, systems-oriented approaches to healthcare delivery.

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 growing demand for artificial intelligence in the bioinformatics sector is primarily fueled by an increase in research and development activities focused on evaluating the safety, efficacy, and performance of novel healthcare treatments, therapeutics, medical devices, and methodologies. AI technologies significantly enhance clinical research by enabling the efficient analysis of large-scale medical datasets derived from electronic health records and other digital sources. This analytical capability facilitates the accurate identification of eligible participants for clinical trials, thereby improving trial outcomes. As the volume and complexity of clinical trials continue to increase, the integration of AI into bioinformatics is becoming indispensable, thereby accelerating overall market growth.

Challenges:
Despite its potential, the adoption of AI in bioinformatics faces notable challenges, particularly the shortage of professionals skilled in modern data modeling and advanced analytical techniques. The evolution from traditional statistical methods to more sophisticated AI-driven analytics necessitates a highly specialized workforce. Additionally, bioinformatics platforms are complex and costly, requiring meticulous operation and maintenance. Misuse or mishandling of these systems can lead to hardware or software failures, adversely affecting the accuracy of biological data interpretation and compromising the integrity of statistical analyses. This persistent skills gap and operational complexity remain significant barriers to broader market adoption.

Regional Trends:
North America is expected to lead the artificial intelligence in bioinformatics market, supported by robust revenue projections and a well-established infrastructure for technological adoption. Government initiatives, including substantial funding for bioinformatics R&D, continue to propel regional growth. The United States, in particular, plays a pivotal role through sustained investments in AI-driven healthcare innovation. In Europe, the market is also expanding rapidly, driven by increased funding for genetic and biomedical research. The region's growing focus on personalized medicine, along with advancements in computing technologies and genomic sequencing, is contributing to the rapid adoption of AI applications in bioinformatics across the continent.

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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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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

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This release was published on openPR.