Global Bioinformatics Market By Product Overview
Bioinformatics is a combination of biology and information technology, which links biological data with techniques for information storage, distribution, and analysis to support multiple areas of scientific research, including biomedicine. It uses software tools for database creation, data management, data warehousing, data mining, and others. Mining these data leads to scientific discoveries, which is used in the study of genetics & genomes. The field covers many advanced and specialized areas of life such as structural genomics, functional genomics, DNA microarrays, comparative genomics, medical information, and others. The global Bioinformatics market accounted for US$ 181.47 billion in 2020 and is estimated to be US$ 869.6 billion by 2030 and is anticipated to register a CAGR of 8.9%.
Global Bioinformatics Market By Product Dynamics
Growing demand for nucleic acid
The major driver for growth of the global bioinformatics market is rise in need for integrated data, growing demand for nucleic acid and protein sequencing. In addition, drug discovery and development and initiatives from government and private organizations are expected to boost the target market growth during the forecast period. Bioinformatics is increasingly being used to identify genes in DNA sequences. The information collected is used to understand the molecular mechanisms of diseases. This assists in developing better treatments and diagnostic tests. Sequencing and data analysis and interpretation can now be completed within days after the development of faster and sophisticated bioinformatics tools. With advancements in technology, there has been an increase in the speed of decoding genetic sequences, which has decreased the overall cost of sequencing and analysis per sample. The reasons behind this decrease in cost include the development of innovative DNA sequencing platforms and various bioinformatics tools. However, lack of skilled personnel, common data formats, and lack of user-friendly tools at cheaper prices are projected to hamper the target market growth during the forecast period. In addition, lack of interoperability among data formats is also restraining the growth of the targeted market. Conversely, increase need for integrated solutions and systems, integration of machine learning and artificial intelligence in healthcare is boosting growth of the target market globally. Moreover, software companies are investing in the development of bioinformatics which is expected to offer lucrative growth opportunity to the targeted market. Further, IT giants have also started focusing on bioinformatics for healthcare applications.
Global Bioinformatics Market By Product Segmentation
The global bioinformatics market is segmented based on product and services, application, and region.
Based on product and services, the global bioinformatics market is segmented into the knowledge management tools bioinformatics platform, and bioinformatics services. The knowledge management tools bioinformatics platform is further classified into interventional/ surgical simulators, sequence analysis platform, sequence alignment platform, sequence manipulation platform, structural and functional analysis platform, and other bioinformatics platforms. Whereas, the bioinformatics services is further segmented into sequencing services, database and management services, data analysis, and other bioinformatics services. Based on application, the target market is bifurcated into microbial genome, gene engineering, drug development, personalized medicine, omics, and other applications.
Regional Insights:
Source: Prophecy Market Insights
Based on the region the global bioinformatics market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America is expected to account significant growth due to the continued funding of life sciences research activities from private organizations and government institutions and growing implementation of tailored medicine. The Asia Pacific bioinformatics market is anticipated to advance at the highest CAGR over the projected time period, owing to the rising incidences of chronic diseases, growing interest in proteomics and genomics. In addition, increasing research and development on genomics and proteomics applications and escalating use of bioinformatics in disease diagnosis and therapy propels growth in this region.
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Attribute |
Details |
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Base year for estimation |
2020 |
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Forecast period |
2020 – 2030 |
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Market representation |
Revenue in USD Million & CAGR from 2020 – 2030 |
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Market Segmentation |
By Product & Services - Knowledge Management Tools Bioinformatics Platform (Interventional/ Surgical Simulators, Sequence Analysis Platform, Sequence Alignment Platform, Sequence Manipulation Platform, Structural and Functional Analysis Platform, and Other Bioinformatics Platforms), and Bioinformatics Services (Sequencing Services, Database and Management Services, Data Analysis, and Other Bioinformatics Services By Application – Microbial Genome, Gene Engineering, Drug Development, Personalized Medicine, Omics, and Other Applications |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the global Bioinformatics market report based on Product & Services, Application and Region.
Global Bioinformatics Market, By Region:
- North America
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- U.S.
- Canada
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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Global Bioinformatics Market By Product Key Players
The key players operating the global bioinformatics market involves Illumina, Thermo Fisher Scientific, Agilent Technologies, Quiagen, NV, PerkinElmer, BGI, Wuxi Nextcode, Eurofins Scientific, Waters Corporation, Sophia Genetics. Prominent players operating in the target market are focusing on strategic partnerships to gain a competitive edge in the target market. For instance, in September 2019, Illumina and Broad Institute of MIT and Harvard has announced an agreement to co-develop genomic secondary analysis tools.
Global Bioinformatics Market By Product Company Profile
- Illumina
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Thermo Fisher Scientific
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Agilent Technologies
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Quiagen, NV
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- PerkinElmer
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- BGI
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Wuxi Nextcode
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Eurofins Scientific
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Waters Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Sophia Genetics
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
Global Bioinformatics Market By Product Table of Contents
Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Industry Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for Bioinformatics Strategies
- Key Questions this Study will Answer
- Market Snippet, By Product and Services
- Market Snippet, By Application
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Global Bioinformatics Market, By Product and Services, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Knowledge Management Tools Bioinformatics Platform
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Interventional/ Surgical Simulators
- Sequence Analysis Platform
- Sequence Alignment Platform
- Sequence Manipulation Platform
- Structural and Functional Analysis Platform
- Other Bioinformatics Platforms
- Bioinformatics Services
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Sequencing Services
- Database and Management Services
- Data Analysis
- Other Bioinformatics Services
- Overview
- Global Bioinformatics Market, By Application, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Microbial Genome
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Gene Engineering
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Drug Development
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Personalized Medicine
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Omics
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Other Applications
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Bioinformatics Market, By Region, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Product and Services, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Product and Services, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Product and Services, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Product and Services, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Product and Services, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
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- Illumina
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Thermo Fisher Scientific
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Agilent Technologies
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Quiagen, NV
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- PerkinElmer
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- BGI
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Wuxi Nextcode
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Eurofins Scientific
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Waters Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Sophia Genetics
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Illumina
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- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The Bioinformatics Market report segments the market been segmented on the based on product and services, application, and region.
The major driver for growth of the global bioinformatics market is rise in need for integrated data, growing demand for nucleic acid and protein sequencing.
North America Holds the largest share in this market
The leading players operating in the Bioinformatics Market includes Illumina, Thermo Fisher Scientific, Agilent Technologies, Quiagen, NV, PerkinElmer, BGI, Wuxi Nextcode, Eurofins Scientific, Waters Corporation, Sophia Genetics.