The bioinformatics market size is expected to see rapid growth in the next few years. It will grow to <b>$28.27 billion in 2028 at a compound annual growth rate (CAGR) of 13.7%. </b> The growth in the forecast period can be attributed to advancements in omics technologies, artificial intelligence (ai) and machine learning, data integration and cloud computing, biomarker discovery and diagnostics, interdisciplinary collaboration. Major trends in the forecast period include genomic data explosion, personalized medicine, machine learning and ai, drug discovery and development.
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Segmentation & Regional Insights
The bioinformatics market covered in this report is segmented –
1) By Products and Serivces: Knowledge Management Tools, Data Analysis Platforms, Services
2) By Application: Metabolomics, Molecular Phylogenetics, Transcriptomics, Proteomics, Chemoinformatics, Genomics, Other Applications
3) By End Users: Pharmaceutics, Animal Study, Agriculture, Forensic Science, Other End Users
<b>North America</b> was the largest region in the bioinformatics market in 2023. <b>Western Europe</b> was the second largest region in the bioinformatics market analysis. The regions covered in the bioinformatics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
Increasing demand for protein sequencing is driving growth in the bioinformatics market. Protein sequencing refers to the process of determining the sequence of amino acids in all or part of the proteins present in DNA, based on which specific functions, activities, origin, or localization of the protein are determined. Protein sequencing helps analysts to understand the distribution of amino acids along the sequences and the structure of proteins. With bioinformatics methods and databases, the capacity, structure, and developmental history of proteins can be effectively identified. The demand for protein sequencing is expected to grow on account of factors such as advancements in clinical mass spectrometry and analytical techniques, and the significant adoption of target-based drug development by pharmaceutical and biotechnology companies. For instance, in 2021, the total number of protein sequences in UniProtKB, which is a freely accessible database of protein sequence and functional information, increased to approximately 190 million.
Key Industry Players
Major companies operating in the bioinformatics market include <b>Agilent Technologies Inc., Illumina Inc., QIAGEN NV, Affymetrix Inc., Thermo Fisher Scientific Inc., BGI Group, Dassault Systems SE, Eurofins Scientific SE, Bruker Corporation, Biomax Informatix AG, DNASTAR Inc., Partek Inc., Geneva Bioinformatics SA, Perkinelmer Inc., Accelrys Inc., Nonlinear Dynamics SA, Quest Diagnostics Inc., Sophia Genetics SA, Waters Corporation, Permin Elmer Inc., Celera Corporation, Tripos Inc., Helicos Biosciences Incorporation, IBM Life Sciences, Applied Biologicals Materials Inc., Life Technologies Corporation, GNS Healthcare Inc., DNAnexus Inc., Intrexon Bioinformatics Germany GmbH, Syapse Inc.</b>
The bioinformatics market report table of contents includes:
- Executive Summary
- Bioinformatics Market Characteristics
- Bioinformatics Market Trends And Strategies
- Bioinformatics Market – Macro Economic Scenario
- Global Bioinformatics Market Size and Growth
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- Global Bioinformatics Market Competitive Benchmarking
- Global Bioinformatics Market Competitive Dashboard
- Key Mergers And Acquisitions In Bioinformatics Market
- Bioinformatics Market Future Outlook and Potential Analysis
- Appendix
Top Major Players :
- Agilent Technologies Inc
- Illumina Inc.
- QIAGEN NV
- Affymetrix Inc.
- Thermo Fisher Scientific Inc.
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