The Business Research Company’s report on the Bioinformatics Services Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the primary drivers fueling the growth of the bioinformatics services market in recent years?
The increasing use of information technology in healthcare is expected to propel the growth of the bioinformatics services market going forward. The increased use of information technology in healthcare has assisted healthcare practitioners in improving the quality of treatment they provide to patients, improving patient safety, increasing efficiency, lowering costs, and improving communication among healthcare professionals. Bioinformatics services, which involve the use of computer science and statistics for analyzing biological data, depend heavily on information technology (IT). For instance, in December 2022, according to the National Center for Health Statistics, a US-based government agency, 58.5% of US adults used the Internet to look for health or medical information, 41.5% used it to communicate with a doctor or doctor’s office, and 46.1% used it to look up medical test results. Therefore, the increasing use of information technology in healthcare is driving the growth of the bioinformatics services market going forward.
Access Your Free Sample of the Global Bioinformatics Services Market Report – Get Insights Now!
https://www.thebusinessresearchcompany.com/sample.aspx?id=10110&type=smp
What is the projected market size of the bioinformatics services industry, and how is it expected to grow?
The bioinformatics services market size has grown rapidly in recent years. It will grow from$4.15 billion in 2024 to $4.78 billion in 2025 at a compound annual growth rate (CAGR) of 15.2%. The growth in the historic period can be attributed to genomic research advancements, rise in personalized medicine, pharmaceutical R&D investments, biological data explosion, government initiatives in healthcare, increasing adoption of next-generation sequencing (NGSs)
The bioinformatics services market size is expected to see rapid growth in the next few years. It will grow to “$9.38 billion in 2029 at a compound annual growth rate (CAGR) of 18.4%. The growth in the forecast period can be attributed to expanding role in clinical diagnostics, growing importance in agriculture and environmental sciences, increasing collaboration in research, rising demand in drug repurposing. Major trends in the forecast period include digital health initiatives, technological advancements in sequencing, ai and machine learning integration, cloud-based solutions, personalized medicine and genomic analysis, integration of blockchain for data security.
Gain Exclusive Market Insights—Customize Your Research Report Today For Fast Delivery!
https://www.thebusinessresearchcompany.com/customise?id=10110&type=smp
Who are the key players driving competition in the bioinformatics services market?
Major companies operating in the bioinformatics services market include QIAGEN Digital Insights, Thermo Fisher Scientific Inc., Illumina Inc., DNAnexus Inc., PerkinElmer Inc., Biomax Informatics AG, Life Technologies Corporation, BGI Group, Eurofins Scientific SE, NeoGenomics Laboratories Inc., CD Genomics Inc., MedGenome Labs Pvt. Ltd., Fios Genomics Ltd., Geneva Bioinformatics SA, GVK Biosciences Private Limited, Accelrys Inc., Macrogen Inc., GENEWIZ Inc., Source BioScience Limited, Microsynth AG, BaseClear B.V., DNASTAR Inc., GATC Biotech AG, Partek Incorporated, Seven Bridges Genomics Inc., Omixon Inc., BioTeam Inc., BioBam Bioinformatics S.L., Biomatters Limited, Genomatix GmbH, DNASTREAM Limited, Genalice B.V., Golden Helix Inc., Strand Life Sciences Private Limited
What key trends are expected to drive the bioengineered protein drugs market during the forecast period?
Technological advancements are a key trend gaining popularity in the bioinformatics services market. Companies operating in the bioinformatics services market are adopting new technologies to sustain their position in the market. For instance, in July 2022, bitBiome Inc., a Japan-based microbiome analysis company, launched the Enzyme Discovery service. Enzyme Discovery Service is based on the globe’s largest microbial genome database (MMGDB) and unique bioinformatics technologies. To create the MMGDB, bitBiome employs its fundamental technology, bit-MAP, a microbial single-cell genome analysis technique, to analyze the human microbiome as well as the environmental bacteria living in soil, the ocean, and hot springs. With its unique bioinformatics and 3D structural modeling technologies, BitBiome provides enzyme discovery services such as searching for optimal sequences from the MMGDB.
Which key geographies are driving the growth of the bioinformatics services market?
North America was the largest region in the bioinformatics services market in 2024.Europe is expected to be the fastest-growing region in the global bioinformatics services market report during the forecast period. The regions covered in the bioinformatics services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Order Your Report Now For Swift Delivery
https://www.thebusinessresearchcompany.com/report/bioinformatics-services-global-market-report
What are the key segments driving growth in the bioinformatics services market?
The bioinformatics services market covered in this report is segmented –
1) By Service: Sequencing Services, Data Analysis, Drug Discovery Services, Differential Gene Expression Analysis, Database And Management Services, Other Services
2) By Specialty: Medical Biotechnology, Animal Biotechnology, Plant Biotechnology, Environmental Biotechnology, Forensic Biotechnology
3) By Application: Genomics, Chemoinformatics And Drug Design, Proteomics, Transcriptomics, Metabolomics, Other Applications
4) By End User: Academic Institute And Research Centers, Hospital And Clinics, Pharmaceutical And Biotechnology Companies, CROs, Other End Users
Subsegments:
1) By Sequencing Services: Whole Genome Sequencing, Exome Sequencing, Targeted Sequencing
2) By Data Analysis: Genomic Data Analysis, Transcriptomic Data Analysis, Proteomic Data Analysis
3) By Drug Discovery Services: Target Identification, Lead Optimization, Preclinical Development
4) By Differential Gene Expression Analysis: RNA-Seq Analysis, Microarray Analysis
5) By Database And Management Services: Data Storage Solutions, Data Integration Services
6) By Other Services: Consulting Services, Custom Software Development
Purchase The Exclusive Report Now To Unlock Valuable Market Insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=10110
What defines the structure and scope of the bioinformatics services market?
Bioinformatics services involve a wide range of computational tools, resources, and analyses utilized in bioinformatics. Bioinformatics services include the identification of connections between technical and biological variables in the study through the assessment of sample metadata, data quality control, and data normalization across samples.
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
https://thebusinessresearchcompany.com/
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
