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Rising Clinical Trial Numbers Fueling Growth of AI in Bioinformatics Market: Strategic Insights Driving AI In Bioinformatics Market Momentum in 2025
AI In Bioinformatics Market
How Large Will the AI In Bioinformatics Market Size By 2025?
The market size of AI in bioinformatics has witnessed significant growth recently. Expanding from $4.3 billion in 2024, it is predicted to reach $6.18 billion in 2025, reflecting a compound annual growth rate (CAGR) of 43.8%. Various factors such as the growing availability of genomic data, emergent precision medicine, the rising demand for biomarker discovery, optimization of clinical trials, and augmented collaborative efforts have contributed to this unprecedented growth during the historical period.
How Big Is the AI In Bioinformatics Market Size Expected to Grow by 2029?
Over the next few years, the AI in bioinformatics market is projected to experience substantial growth, eventually reaching a market size of $26.46 billion by 2029. With a predicted compound annual growth rate (CAGR) of 43.9%, this surge can be credited to advancements in single-cell technologies, increased attention on multi-omics integration, a heightened focus on functional genomics, accelerated drug repurposing, and a rise in AI application in pathology. Looking ahead, key trends for this period will include AI that is ethically responsible, the use of virtual labs powered by AI, the incorporation of quantum computing, AI-driven clinical trials, and the use of blockchain for secure data sharing.
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Which Key Market Drivers Powering AI In Bioinformatics Market Expansion and Growth?
The surge in the amount of clinical trials is anticipated to boost advancement in the AI bioinformatics industry. The term 'clinical trials' refers to a disciplined and meticulously constructed method for conducting health investigations involving human subjects to assess the safety, efficiency, and effectiveness of innovative medical interventions, treatments, pharmaceuticals, apparatus, or therapeutic strategies. In clinical trials, AI bioinformatics is employed to sift through patient data from electronic health records and other resources to pinpoint potential candidates for clinical trials who fulfill certain requirements, enhancing the precision and efficacy of recruitment. For instance, Xtalks, a Life Science and Medical Device Platform based in Canada, noted in May 2023 that out of the 452,604 clinical trials registered worldwide on ClinicalTrials.gov, 64,838 are actively seeking participants. Moreover, the number of recorded trials has seen a substantial growth from over 365,000 reported at the start of 2021. As a result, the growing number of clinical trials is stimulating the expansion of the AI bioinformatics market.
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Which Fast-Growing Trends Are Poised to Disrupt the AI In Bioinformatics Market?
Leading firms in the AI in bioinformatics sphere are forging technological advancements on the Bionl.AI platform to amplify their market earnings. Bionl.AI presents a comprehensive workspace for conducting exploration, analysis, and visualization, significantly reducing the time involved in completing intricate tasks from numerous days to mere minutes. For example, in October 2023, Bionl Inc., an American enterprise specializing in biomedical and bioinformatics research platforms, unveiled Bionl.AI, an innovative platform conceived to transform biomedical and bioinformatics research. The platform proposes a no-code solution that allows researchers, academics, and professionals to delve into biomedicine using natural language questions. The platform utilizes cutting-edge GenAI models to facilitate immediate insights and render complex analysis more approachable and engaging.
What Are the Emerging Segments in the AI In Bioinformatics Market?
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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Who Are the Global Leaders in the AI In Bioinformatics Market?
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.
Which are the Top Profitable Regional Markets for the AI In Bioinformatics Industry?
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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