Advancements in AI, Machine Learning, and Cloud Computing Drive Global Bioinformatics Market Towards $33 Billion by 2030

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A new report by Industry Experts, Inc. on "Bioinformatics Market" is published. The global Bioinformatics market size is estimated at US$15.1 billion in 2024 and is projected to grow to US$32.8 billion by 2030, with a CAGR of 13.8% during the forecast period 2024-2030.

The bioinformatics market is driven by advancements in next-generation sequencing (NGS), artificial intelligence (AI), and big data analytics, enhancing data processing capabilities and storage. The increasing focus on precision medicine is driving the demand for bioinformatics in clinical research and drug development. A rise in public and private funding is fueling advancements in genomics research, biomarker identification, and personalized therapy. Pharmaceutical and biotechnology companies integrate bioinformatics to improve drug development processes and optimize clinical trials. Applications in agriculture and environmental sciences, such as crop genome editing and biodiversity monitoring, are expanding market scope.

Biocontent management is the largest segment in the bioinformatics market, with a 36.2% share in 2024, driven by the widespread use of bioinformatics tools for efficient database management, seamless data sharing, and integration with external resources. This dominance is fueled by increasing reliance on web servers and software for storing, retrieving, and refining complex biological data, alongside the adoption of genome sequencing technologies due to declining costs.

The market for Bioinformatics is analyzed in this report on a global basis and the major regions covered include North America (The United States, Canada, and Mexico), Europe (Germany, France, United Kingdom, Italy, Spain, and Rest of Europe), Asia-Pacific (Japan, China, India, South Korea, and Rest of Asia-Pacific), South America (Brazil, Argentina, and Rest of South America) and Rest of World.

The study analyzes the market for Bioinformatics based on Product & Services – Biocontent Management, Bioinformatics Platforms and Bioinformatics Services; and Application – Genomics, Chemoinformatics & Drug Design, Proteomics, Transcriptomics, Metabolomics, Molecular Phylogenetics and Other Applications (Including Clinical & Precision Medicine Bioinformatics, Agricultural & Environmental Bioinformatics, Forensic Bioinformatics, and more).

About Industry Experts, Inc.
Industry Experts, Inc., ranks among the leading market research providers globally. The company's off-the-shelf and customized business intelligence reports offer strategic insights and valuable guidance to enable various stakeholders, such as corporate strategists, analysts, researchers and startups, among others, in obtaining valuable, crisp and unbiased current and future market data. For more information, contact us on +1-320-497-3787 or visit https://industry-experts.com/

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