Overview

Bioinformatics Market Introduction:

Bioinformatics market is estimated to value over USD 18 billion with a CAGR of over 13.5% from the forecast period 2020 to 2027.

The use of advanced computerized systems for the analysis of biological or genetic data is essentially bioinformatics. The system is useful for next-generation sequencing (NGS), gene coding, transcriptomics, forensic science and so on. Being a stream of genetics, the market has shown remarkable growth since the past years.

The increasing scope in research and development, new advancements in genetics analysis and synthesis methods and techniques are the factors responsible for the expansion of the market size.

Based on the products and services, the market is segmented into knowledge management tools, bioinformatics platforms, and bioinformatics services. The preference for bioinformatics platforms is massive across the globe. The efficacy of results and ease of operation in data analysis, gene sequencing, software analysis are the key features for the rising demand for bioinformatics platforms and are influencing the market growth and CAGR positively.

The bioinformatics market has a wide application range in the genomics segment. Library preparation, DNA sequencing, target enrichment, PCR techniques, etc. are the major applications and hence preferred by pharmaceutical and biotechnological companies across the globe. The transcriptomics segment is growing rapidly owing to expenditures assigned and new advancements related to transcriptomics.

Expenditure and investments on drug discovery are mounting the market growth. Inclination towards collaborating with genetics research organizations is the key element responsible for the large market share of medical biotechnology. Owing to the rising concerns for promoting agricultural investments, government organizations are focusing on the development of current agricultural projects. This sector has a wide scope in the future market of bioinformatics.

The bioinformatics market in North America is estimated to hold a large share globally. The availability of advanced technology and favourable research environment boosts the market in this region. Furthermore, the Asia Pacific region has a rising demand for the market.

Major key players in the market are Thermo Fisher Scientific, Eurofins Scientific, Illumina, Agilent Technologies, Geneva Bioinformatics (Genebio), Dassault Systems, Bruker Daltonics , Biomax Informatics AG, Perkinelmer , Qiagen N.V, Accelrys , Affymetrix, SA Nonlinear Dynamics, Quest Diagnostics and IBM Life Sciences and so on.
Thermo Fisher Scientific has a range of advanced products for protein biology, cell analysis, cell culture, sequencing, and so on. The availability of the most preferred products and methods is the key factor.

FutureWise Key Takeaways:

Investments in bioinformatics research
Focus on bioinformatics platforms
Collaborations with key market players across the globe

Bioinformatics Market Segmentation:

By Product and Service

Knowledge management tools
Bioinformatics platforms
Bioinformatics services

By Application

Genomics
Chemoinformatics and drug design
Proteomics
Transcriptomics
Metabolomics
Other bioinformatics applications

By Sector

Medical biotechnology
Academics
Agricultural biotechnology
Environmental biotechnology
Forensic biotechnology
Others

By Region

North America
Europe
Asia Pacific
Rest of the World

Competitive Landscape:

Tier 1 players- established companies in the market with a major market share
Tier 2 players
Emerging players which are growing rapidly
New Entrants

Objectives of the Study:

To provide with an exhaustive analysis on the bioinformatics market by product and service, by application, by sector and by region
To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
To evaluate and forecast micro-markets and the overall market
To predict the market size, in key regions (along with countries)— North America, Asia Pacific, Europe, and the rest of the world
To record evaluate and competitive landscape mapping-product launches, technological advancements, mergers and expansions
Profiling of companies to evaluate their market shares, strategies, financials and core competencies