Overview

Global bioinformatics market is estimated to value over USD 19.2 billion with a CAGR of over 13.5% from the forecast period 2019 to 2026.

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 bioinformatics 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 bioinformatics 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 bioinformatics 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 bioinformatics market in this region. Furthermore, the Asia Pacific region has a rising demand for the bioinformatics market.

The major key players in the market are Thermo Fisher Scientific, Eurofins Scientific, Illumina, Agilent Technologies 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

  

Global 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

 

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What you get


  • Excel Dataset

  • Infographics

  • PDF Report

  • Market Overview

  • PowerPoint Presentation

What's included


  • Consumer Perception and Procurement

  • Competitive Analysis

  • What’s Next

  • Market Data Forecast

  • Risks and Opportunity Assessment

  • Market Trends and Dynamics