Bioinformatics Market By Share, Size and Forecast 2028|TechSci Research

Summary

Report Description

Forecast Period	2024-2028
Market Size (2022)	USD 10.58 Billion
CAGR (2023-2028)	12.2%
Fastest Growing Segment	Genomics & Proteomics
Largest Market	North America

Market Overview

Global Bioinformatics Market has valued at USD 10.58 Billion in 2022 and is anticipated to project impressive growth in the forecast period with a CAGR of 12.2% through 2028. Bioinformatics is an interdisciplinary field that merges biology and information technology. It establishes connections between biological data and techniques for information storage, distribution, and analysis, bolstering various areas of scientific research, particularly in biomedicine. Bioinformatics leverages software tools for tasks such as database formation, data management, data warehousing, data mining, and more. This data mining leads to technical discoveries and plays a significant role in the study of genetics and genomes. The market offers numerous bioinformatics tools, including protein functional and analysis tools, homology and similarity tools, sequence analysis tools, and miscellaneous tools.

The field encompasses diverse and specialized domains of life science, including structural genomics, functional genomics, DNA microarrays, comparative genomics, and medical information. Consequently, these aforementioned factors contribute to the growth of the global bioinformatics market. Moreover, the rising demand for integrated solutions and systems, the integration of machine learning and AI in healthcare, and the investments made by software companies in bioinformatics solutions are expected to provide lucrative market opportunities for bioinformatics solution developers.

Key Market Drivers

Increasing Demand for Nucleic Acid and Protein Sequencing

The increasing demand for nucleic acid and protein sequencing technologies is expected to have a profound impact on the field of bioinformatics, fueling a surge in demand for bioinformatics tools and expertise. Nucleic acid sequencing (such as DNA and RNA sequencing) and protein sequencing are pivotal in advancing our understanding of genetics, genomics, and proteomics, and their applications span various scientific and medical disciplines. Nucleic acid and protein sequencing generate vast amounts of raw data. As sequencing technologies become more accessible and affordable, the volume of data being generated is skyrocketing. Bioinformatics plays a critical role in managing, analyzing, and interpreting these massive datasets, driving the demand for specialized software and tools.

The use of sequencing data in personalized medicine, pharmacogenomics, and disease diagnostics is growing. Bioinformatics is essential for identifying genetic variations associated with diseases, drug responses, and treatment decisions. As genomic medicine gains momentum, so does the demand for bioinformatics solutions to make sense of the genomic data.

Increasing Initiatives from Governments and Private Organizations

The demand for bioinformatics is expected to experience a significant boost due to increasing initiatives and investments from both governments and private organizations. This growing support is driven by the recognition of bioinformatics' pivotal role in advancing various scientific and medical fields. Governments and private organizations are allocating substantial funds to support research in genomics, proteomics, and related fields. These investments are often accompanied by mandates to manage and analyze the vast amounts of data generated by sequencing technologies.

Bioinformatics is essential for efficiently handling these data, leading to an increased demand for bioinformatics expertise and tools.

Initiatives promoting precision medicine, such as the U.S. Precision Medicine Initiative, emphasize the role of genomics in tailoring medical treatments to individual patients. Bioinformatics is crucial in interpreting genomic data to guide personalized treatment decisions, making it a central component of these initiatives. Private pharmaceutical companies are investing in genomics and proteomics research to identify drug targets, optimize drug development pipelines, and improve drug safety and efficacy. Bioinformatics tools are essential in managing and interpreting large-scale omics data, making them indispensable in drug discovery.

Accelerating Growth of Proteomics and Genomics

The accelerating growth of proteomics and genomics is expected to drive a substantial increase in the demand for bioinformatics tools, technologies, and expertise. Genomics and proteomics are at the forefront of scientific and medical research, offering unprecedented insights into the molecular underpinnings of life. Genomics and proteomics generate massive datasets with billions of data points. Handling, managing, analyzing, and interpreting these extensive datasets require sophisticated computational tools and expertise. Bioinformatics provides the essential infrastructure for data processing and analysis, making it indispensable in this era of big data science. Genomic and proteomic information is central to the concept of personalized medicine. Understanding individual genetic variations and protein expression profiles allows for tailored medical treatments and drug therapies. Bioinformatics plays a pivotal role in interpreting these data, helping clinicians make informed decisions about patient care.

The accelerating growth of proteomics and genomics is transforming the landscape of life sciences and healthcare. As these fields continue to expand, bioinformatics will remain essential for extracting meaningful insights from the vast amount of biological data generated. Consequently, there will be a growing demand for bioinformatics professionals, software developers, and innovative solutions to meet the challenges and opportunities presented by the omics revolution.

Increasing Research on Molecular Biology and Drug Discovery

Nucleic acid and protein sequencing are fundamental in biomedical research, helping scientists unravel the complexities of diseases, drug development, and biological processes. Bioinformatics assists researchers in studying gene expression, protein interactions, and pathways, contributing to scientific advancements. Bioinformatics tools are pivotal in drug discovery by analyzing the interactions between drugs and target proteins, predicting drug candidates, and assessing their safety profiles. As pharmaceutical companies increasingly rely on genomics and proteomics, bioinformatics becomes indispensable in streamlining the drug development process.

The increasing focus on molecular biology and drug discovery is expected to fuel a surge in demand for bioinformatics, which serves as a critical bridge between vast biological data and actionable insights. Molecular biology research and drug discovery efforts are becoming increasingly reliant on genomics, proteomics, and other omics technologies, and bioinformatics plays a pivotal role in handling and interpreting the resulting data. As molecular biology research and drug discovery efforts continue to expand and become more data-driven, the demand for bioinformatics expertise and solutions is expected to soar. Bioinformatics professionals will play a vital role in harnessing the potential of molecular data to advance medical science, drug development, and healthcare delivery.

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Key Market Challenges

Lack of Well-defined Standards and Common Data Formats for Integration of Data

The lack of well-defined standards and common data formats for the integration of data is a significant challenge that can potentially restrain the demand for bioinformatics. Bioinformatics relies heavily on the integration of diverse biological and biomedical data sources, including genomics, proteomics, clinical records, and more. Biological and biomedical data are generated using various technologies and platforms, leading to differences in data formats and structures. Without standardized formats, integrating data from different sources becomes challenging and time-consuming. This can result in data incompatibility issues, making it difficult to analyze and draw meaningful conclusions.

The lack of common data standards hinders interoperability between different bioinformatics tools and databases. Researchers often need to adapt or develop custom data conversion scripts or tools to bridge data format gaps, which can lead to inefficiencies in data processing.

Converting data from one format to another can introduce errors or loss of information, particularly when dealing with large and complex datasets. These errors can have significant consequences, potentially leading to inaccurate research findings or clinical decisions. Researchers and bioinformaticians spend a substantial amount of time and effort on data preprocessing tasks, such as data format conversion and normalization. This diverts resources from actual data analysis and research, slowing down scientific progress.

Data Complexity Concerns and Lack of User-friendly Tools

Biological data, such as genomics and proteomics data, are incredibly vast and complex. Dealing with large-scale datasets that include genomic sequences, protein structures, and multi-omics data requires specialized computational resources and expertise. Researchers often face challenges in handling, storing, and processing such data efficiently. The analysis of biological data often requires a specialized skill set in computational biology, statistics, and data science. Lack of accessibility to these skills can be a barrier for researchers who may not have a strong computational background.

Bioinformatics workflows can involve complex data preprocessing, feature selection, and statistical analyses. Researchers may struggle to design and execute these pipelines without user-friendly tools and platforms. The lack of accessible training and education resources in bioinformatics can hinder the adoption of these techniques. Researchers and healthcare professionals need resources to learn how to effectively use bioinformatics tools and interpret results.

Key Market Trends

Artificial Intelligence (AI) and Machine Learning

AI and machine learning techniques will be increasingly applied to analyze complex biological data. These technologies can identify patterns, predict disease risk, and optimize drug discovery processes. AI and machine learning algorithms can clean, normalize, and preprocess biological data. This includes tasks such as quality control for sequencing data, removing noise, and standardizing data formats. This ensures that the data used for analysis is of high quality. Machine learning models are excellent at recognizing patterns within biological data. This capability is crucial for identifying significant genetic variations, protein-protein interactions, and gene expression patterns associated with diseases or drug responses.

AI and machine learning play a vital role in drug discovery by predicting potential drug candidates and optimizing drug development processes. These technologies can analyze molecular structures, predict drug-target interactions, and assess the safety and efficacy of compounds.

Increasing Applications in Clinical Bioinformatics

Bioinformatics will become more integrated into clinical practice. Healthcare providers will use bioinformatics to assist in disease diagnosis, treatment selection, and monitoring patient responses to therapies. Genetic and genomic data can provide valuable insights into an individual's predisposition to certain diseases. Bioinformatics tools are used to analyze an individual's genetic profile, identifying disease-associated genetic variations and assessing disease risk. This information can help clinicians make more accurate diagnoses and develop personalized prevention and treatment plans. Bioinformatics is crucial in the field of pharmacogenomics, which studies how an individual's genetic makeup influences their response to medications. By analyzing a patient's genetic data, clinicians can predict how they will metabolize and respond to specific drugs. This enables the selection of the most effective and safe medications, reducing the risk of adverse drug reactions.

Bioinformatics assists healthcare providers in tailoring treatment plans to individual patients. By analyzing molecular and genetic data, clinicians can identify the most appropriate therapies, optimizing treatment outcomes while minimizing side effects.

Segmental Insights

Product & Services Insights

Based on the analysis of Product & Services, the market is segmented into three categories: Bioinformatics Tools, Bioinformatic Platforms, and Bioinformatic Services. The bioinformatics platforms sector has been the primary source of revenue and is projected to continue this trend in the foreseeable future. This can be attributed to the increasing applications of platforms and the growing demand for advanced tools in drug development. The surge in platform applications is driven by the life science industry's need for efficient identification and modification of structures, which in turn facilitates the drug design process and assessment of therapeutic effects. Additionally, the emphasis on efficiency and safety in drug development has led to a greater demand for improved tools. Consequently, these factors are expected to drive the growth of the Bioinformatics Market in the upcoming period.

Application Insights

The Metagenomics segment dominated the Bioinformatics Market in 2022, driven by its application and is projected to exhibit substantial growth throughout the forecast period. Bioinformatics assumes a crucial role in the study of genetic variations, identification of disease-related biomarkers, and facilitation of personalized medicine approaches. This segment's growth can be attributed to the widespread utilization of bioinformatics tools and algorithms for analyzing and interpreting genomic data. Furthermore, the extensive adoption of Next-Generation Sequencing (NGS) technologies, which generate vast amounts of genomic data, has further fueled this growth. The recent introduction of instruments capable of producing millions of DNA sequence reads in a single run has revolutionized the field of genetics. These advancements have provided cost-effective, genome-wide sequence readouts, enabling applications ranging from chromatin immunoprecipitation and mutation mapping to polymorphism discovery and noncoding RNA exploration. The growth of the genomics segment in the Bioinformatics Market is driven by advancements in DNA sequencing technology during the forecast period.

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Regional Insights

North America dominated the market, accounting for the highest share, and is expected to maintain this trend throughout the forecast period. This can be attributed to the increasing adoption of advanced technology and the growing demand for better bioinformatics tools in the drug discovery and development process. The market in South America & MEA is projected to experience the highest revenue growth during the forecast period, driven by advancements in the field of genomics and proteomics, resulting in a significant volume of data that needs to be analyzed and managed.

Europe also plays a significant role in the global Bioinformatics Market, benefiting from strong support for research and a thriving life sciences industry. Countries such as the United Kingdom, Germany, and France are at the forefront of bioinformatics advancements in the region. European countries allocate substantial funding for life sciences research, including bioinformatics, through initiatives like Horizon Europe and national research programs. Additionally, the presence of a robust network of biobanks and data repositories facilitates research and collaboration among researchers across the continent. Renowned research institutions and universities contribute to cutting-edge bioinformatics research and the training of skilled professionals. These factors are expected to drive the growth of the regional market during the forecast period. However, advancements in healthcare infrastructure, increased investments in biotechnology, and the rising adoption of genomics technologies are anticipated to boost the size of the Asia Pacific Regional Market.

Recent Developments

In June 2022, LatchBio, a biotechnology research startup based in California, introduced an end-to-end bioinformatics platform. This platform aims to facilitate the handling of vast biotech data, ultimately expediting scientific discovery.
In March 2022, ARUP unveiled Rio, a bioinformatics pipeline and analytics platform. This innovative solution aims to enhance the speed and accuracy of next-generation sequencing test results.
In January 2020, Charles River Laboratories, Inc. forged a partnership with Fios Genomics. Through this collaboration, Charles River Laboratories gains access to Fios Genomics' expertise in the fields of bioinformatics, statistics, and biology.

Key Market Players

3rd Millennium Inc.
Thermo Fisher Scientific, Inc.
Agilent Technologies, Inc.
BioWisdom Ltd
Quest Diagnostics (Celera Corporation)
Dassault Systèmes SE
Illumina, Inc.
Geneva Bioinformatics SA
Perkin Elmer, Inc.
Lineage Cell Therapeutics (BioTime Inc.)

By Product & Services	By Type	By Application	By End User	By Region
Bioinformatics Tools Bioinformatic Platforms Bioinformatic Services	Genomics & Proteomics Simulation Studies & Molecular Modelling Genetic Engineering Others	Metagenomics Drug Discovery Precision Medicine Others	Institutional Research Industrial Research	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Bioinformatics Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Bioinformatics Market, By Product & Services:

o Bioinformatics Tools

o Bioinformatic Platforms

o Bioinformatic Services

Bioinformatics Market, By Type:

o Genomics & Proteomics

o Simulation Studies & Molecular Modelling

o Genetic Engineering

o Others

Bioinformatics Market, By Application:

o Metagenomics

o Drug Discovery

o Precision Medicine

o Others

Bioinformatics Market, By End User:

o Institutional Research

o Industrial Research

Bioinformatics Market, By Region:

o North America

§ United States

§ Canada

§ Mexico

o Europe

§ France

§ United Kingdom

§ Italy

§ Germany

§ Spain

o Asia-Pacific

§ China

§ India

§ Japan

§ Australia

§ South Korea

o South America

§ Brazil

§ Argentina

§ Colombia

o Middle East & Africa

§ South Africa

§ Saudi Arabia

§ UAE

§ Kuwait

§ Turkey

§ Egypt

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Bioinformatics Market.

Available Customizations:

Global Bioinformatics market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Bioinformatics Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validations

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market

3.2. Overview of Key Market Segmentations

3.3. Overview of Key Market Players

3.4. Overview of Key Regions/Countries

3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Bioinformatics Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Product & Services (Bioinformatics Tools, Bioinformatic Platforms and Bioinformatic Services)

5.2.2. By Type (Genomics & Proteomics, Simulation Studies & Molecular Modelling, Genetic Engineering, Others)

5.2.3. By Application (Metagenomics, Drug Discovery, Precision Medicine, Others)

5.2.4. By End User (Institutional Research and Industrial Research)

5.2.5. By Region

5.2.6. By Company (2022)

5.3. Market Map

6. North America Bioinformatics Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Products and Services

6.2.2. By Type

6.2.3. By Application

6.2.4. By End User

6.2.5. By Country

6.3. North America: Country Analysis

6.3.1. United States Bioinformatics Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Products and Services

6.3.1.2.2. By Type

6.3.1.2.3. By Application

6.3.1.2.4. By End User

6.3.2. Canada Bioinformatics Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Products and Services

6.3.2.2.2. By Type

6.3.2.2.3. By Application

6.3.2.2.4. By End User

6.3.3. Mexico Bioinformatics Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Products and Services

6.3.3.2.2. By Type

6.3.3.2.3. By Application

6.3.3.2.4. By End User

7. Europe Bioinformatics Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Products and Services

7.2.2. By Type

7.2.3. By Application

7.2.4. By End User

7.2.5. By Country

7.3. Europe: Country Analysis

7.3.1. Germany Bioinformatics Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Products and Services

7.3.1.2.2. By Type

7.3.1.2.3. By Application

7.3.1.2.4. By End User

7.3.2. United Kingdom Bioinformatics Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Products and Services

7.3.2.2.2. By Type

7.3.2.2.3. By Application

7.3.2.2.4. By End User

7.3.3. Italy Bioinformatics Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecasty

7.3.3.2.1. By Products and Services

7.3.3.2.2. By Type

7.3.3.2.3. By Application

7.3.3.2.4. By End User

7.3.4. France Bioinformatics Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Products and Services

7.3.4.2.2. By Type

7.3.4.2.3. By Application

7.3.4.2.4. By End User

7.3.5. Spain Bioinformatics Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Products and Services

7.3.5.2.2. By Type

7.3.5.2.3. By Application

7.3.5.2.4. By End User

8. Asia-Pacific Bioinformatics Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Products and Services

8.2.2. By Type

8.2.3. By Application

8.2.4. By End User

8.2.5. By Country

8.3. Asia-Pacific: Country Analysis

8.3.1. China Bioinformatics Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Products and Services

8.3.1.2.2. By Type

8.3.1.2.3. By Application

8.3.1.2.4. By End User

8.3.2. India Bioinformatics Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Products and Services

8.3.2.2.2. By Type

8.3.2.2.3. By Application

8.3.2.2.4. By End User

8.3.3. Japan Bioinformatics Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Products and Services

8.3.3.2.2. By Type

8.3.3.2.3. By Application

8.3.3.2.4. By End User

8.3.4. South Korea Bioinformatics Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Products and Services

8.3.4.2.2. By Type

8.3.4.2.3. By Application

8.3.4.2.4. By End User

8.3.5. Australia Bioinformatics Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Products and Services

8.3.5.2.2. By Type

8.3.5.2.3. By Application

8.3.5.2.4. By End User

9. South America Bioinformatics Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Products and Services

9.2.2. By Type

9.2.3. By Application

9.2.4. By End User

9.2.5. By Country

9.3. South America: Country Analysis

9.3.1. Brazil Bioinformatics Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Products and Services

9.3.1.2.2. By Type

9.3.1.2.3. By Application

9.3.1.2.4. By End User

9.3.2. Argentina Bioinformatics Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Products and Services

9.3.2.2.2. By Type

9.3.2.2.3. By Application

9.3.2.2.4. By End User

9.3.3. Colombia Bioinformatics Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Products and Services

9.3.3.2.2. By Type

9.3.3.2.3. By Application

9.3.3.2.4. By End User

10. Middle East and Africa Bioinformatics Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Products and Services

10.2.2. By Type

10.2.3. By Application

10.2.4. By End User

10.2.5. By Country

10.3. MEA: Country Analysis

10.3.1. South Africa Bioinformatics Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Products and Services

10.3.1.2.2. By Type

10.3.1.2.3. By Application

10.3.1.2.4. By End User

10.3.2. Saudi Arabia Bioinformatics Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Products and Services

10.3.2.2.2. By Type

10.3.2.2.3. By Application

10.3.2.2.4. By End User

10.3.3. UAE Bioinformatics Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Products and Services

10.3.3.2.2. By Type

10.3.3.2.3. By Application

10.3.3.2.4. By End User

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

12.1. Recent Development

12.2. Mergers & Acquisitions

12.3. Product Launches

13. Global Bioinformatics Market: SWOT Analysis

14. Porter’s Five Forces Analysis

14.1. Competition in the Industry

14.2. Potential of New Entrants

14.3. Power of Suppliers

14.4. Power of Customers

14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. Business Overview

15.2. Service Offerings

15.3. Recent Developments

15.4. Key Personnel

15.5. SWOT Analysis

15.5.1. 3rd Millennium Inc.

15.5.2. Thermo Fisher Scientific, Inc.

15.5.3. Agilent Technologies, Inc.

15.5.4. BioWisdom Ltd

15.5.5. Quest Diagnostics (Celera Corporation)

15.5.6. Dassault Systèmes SE

15.5.7. Illumina, Inc.

15.5.8. Geneva Bioinformatics SA

15.5.9. Perkin Elmer, Inc.

15.5.10. Lineage Cell Therapeutics (BioTime Inc.)

16. Strategic Recommendations

17. About Us & Disclaimer

Figures and Tables

Frequently asked questions

What was the market size of the Global Bioinformatics Market in 2022?

The market size of the Global Bioinformatics Market was estimated to be USD 10.58 Billion in 2022.

Which was the dominant segment by type in the Global Bioinformatics Market in 2022?

In 2022, the Genomics & Proteomics segment emerged as the dominant player in the bioinformatics market. The continuous increase in the utilization of pharmacogenomic research for precision medicine development, the favorable funding landscape for genomic research, and strategic partnerships between life sciences and informatics companies to advance technologically sophisticated bioinformatics solutions and services are the key drivers behind the growth of the bioinformatics market for the genomics segment.

Which is the dominant region in the Global Bioinformatics Market?

North America emerged as the dominant player in the bioinformatics market in 2022. The growth of the North America bioinformatics market can be attributed to favorable government regulations and the presence of major market players. The U.S. government is actively investing in the development of the bioinformatics market, while expanding research and development activities are fueling market expansion in the region. In contrast, Europe is expected to witness the fastest growth during the forecast period. The bioinformatics market in the UK, Italy, and France holds prominence in the European region.

What are the major drivers for the Global Bioinformatics Market?

Advancements in Genomics and Next-Generation Sequencing (NGS) and growing investments in biology and information technology sectors are the major drivers for the Global Bioinformatics Market.

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Bioinformatics Market to Grow with a CAGR of 12.2% through 2028

Sep, 2023

Increased demand for personalized medicine and increasing bioinformatics funding from the public and private sectors is expected to drive the Global Bioinformatics Market growth in the forecast perio

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