Bioinformatics Market to Value Over USD 19.2 Billion by 2026

  • 23 Aug 2019

The 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.

Bioinformatics is the stream of science that deals with the analysis of biological data like genes, nucleotides, etc. with the help of advanced computation techniques and methods. The evolutionary changes in genomic testing methods and technological advancements are major factors responsible for the bioinformatics market growth.

Currently, the bioinformatics platforms are trending. The range of services like data analysis, database design, sequence analysis, etc.provided by the bioinformatics platforms is the key for segment growth.

 

Owing to the rising demand for bioinformatics platforms across the globe, the bioinformatics market is expanding at a notable range.

The genomics segment of the bioinformatics market is anticipated to be a dominating factor contributing to market growth. Inclination towards the research in genetics and the rising investments and collaborations in the field are rapidly boosting the bioinformatics market growth. The advancements in the transcriptomics methods and tools are gaining popularity amongst the end-users. The large scope in the research and development has increased the interest of business players in the bioinformatics market.

The scope in drug discovery, clinical diagnostics, and reproductive health is a key element driving the large market share of the medical biotechnology market segment.

 

Investments of government and non-government organizations in the development of agricultural biotechnology are promoting the bioinformatics market proliferation.

 

Globally, North America is anticipated to hold the major bioinformatics market share. The investments and expenditure on the research of bioinformatics are soaring the 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 feature for the company to grow.

 

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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