USD 13.2 billion
Global Bioinformatics Market Size, Share, Growth Analysis, By Products And Services(Knowledge Management Tools, Bioinformatics Platform (Sequence Analysis Platform), By Application(Microbial Genome, Gene Engineering) - Industry Forecast 2024-2031
Report ID:
SQMIG35H2059 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
75 |
Figures:
75
Global Bioinformatics Market Insights
Bioinformatics Market size was valued at USD 13.2 billion in 2019 and is poised to grow from USD 15.35 billion in 2023 to USD 45.6 billion by 2031, growing at a CAGR of 16.3% in the forecast period (2024-2031).
Bioinformatics is the use of computer, biology, and information technology to manage, analyze, and interpret biological data. It entails storing, evaluating, and disseminating biological data. It also employs the computer programs to determine gene and protein functions, establish evolutionary relationships, and predict the three-dimensional shapes of proteins. The ultimate goal of bioinformatics is to extract meaningful information from biological data to create better biological processes. Some of the applications of bioinformatics include sequence alignment, systems biology, and genome annotation.
US Bioinformatics Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Fastest Growth
microbial genome
Growth Rate
16.3% CAGR
Global Bioinformatics Market ($ Bn)
Country Share for Asia Pacific (%)
Global Bioinformatics Market
Global Bioinformatics MarketOn the basis of application (%)
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Global Bioinformatics Market Segmental Analysis
The global bioinformatics market is segmented based on products and services, application, and region. Based on products and services bioinformatics market is categorized into: knowledge management tools, bioinformatics platform (sequence analysis platform, sequence alignment platform, sequence manipulation platform, structural and functional analysis platform, and other bioinformatics platforms), bioinformatics services (sequencing services, database and management services, data analysis, other bioinformatics) services.
Based on application bioinformatics market is categorized into microbial genome, gene engineering, drug development, omics, personalized medicine, and other applications. Based on sector, the bioinformatics market is segmented into medical bioinformatics, animal bioinformatics, agriculture bioinformatics, academics, and others. Based on region bioinformatics market spans North America, Europe, Asia-Pacific, South America, and MEA.
Bioinformatics Market Analysis by Product & Service
The bioinformatics platforms segment contributed the most revenue in 2020, and this trend is expected to continue during the forecast period, owing to an increase in platform applications and a need for better tools in drug development. The rise in platform application could be attributed to a surge in demand from life science firms for structure identification and modification. This, in turn, would help in the drug design process and the evaluation of therapeutic effects. Furthermore, increased efficiency and safety in drug development and discovery necessitates the development of better drug development tools.
Global Bioinformatics MarketOn the basis of application, 2023 (%)
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Global Bioinformatics Market Regional Insights
North America dominated the Bioinformatics Market in 2022, accounting for the majority of the bioinformatics market share, and this trend is expected to continue throughout the forecast period. This is due to an increased demand for improved bioinformatics tools, which are required for drug research and development, as well as an increase in the use of sophisticated technologies. The bioinformatics market in Asia-Pacific is expected to grow at the fastest CAGR during the forecast period. Furthermore, the region's bioinformatics industry is still in its infancy, with gradual research activities ongoing.
Global Bioinformatics Market On the basis of application, 2024-2031
- Largest
- Fastest
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Global Bioinformatics Market Dynamics
Bioinformatics Market Driver
Growing Demand for Protein Sequencing for Research Initiatives to Empower
- Increasing demand for protein sequencing and nucleic acid along with initiatives from government and private organizations is bolstering the demand for bioinformatics in the global market. The market is further driven by increased research on drug delivery and molecular biology accompanied by growth in genomics and proteomics. Demand for computational epigenetics, a meta-analysis of microarray data, differentially expressed genes, gene networks, systems biology requirements, and gene-associating studies, among other things, have had a significant impact on the growth of the bioinformatics market.
- The introduction of technologically advanced bioinformatics software such as BALL, Bioclipse, RasMol, and AUTODOCK, the use of these tools relay effective and accurate analysis of biomarkers discovery programs that aid in toxicity detection during the early stages of the drug development process, are expected to drive industry growth in the coming years.
Bioinformatics Market Restraint
Need for Complex Systems to Handle Bioinformatics
- With the introduction of advanced NGS technologies, there is a growing demand for quick and accurate bioinformatics tools that are simple to use. The majority of experimental researchers are not bioinformaticians. As a result, the availability of user-friendly tools is critical for using bioinformatics platforms. Many bioinformatics tools necessitate advanced computer skills owing to the lack of a suitable user interface.
- Genomics instruments are also outfitted with advanced features and functionalities, and as a result, they are priced at a premium, ranging from USD 10–20 million. Because pharmaceutical companies and research laboratories require a large number of such systems, the capital investment in acquiring multiple genomic instruments is substantial. Small and medium-sized pharmaceutical companies and research laboratories cannot afford to make such large investments in multiple genomics instruments.
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Global Bioinformatics Market Competitive Landscape
The key players have a strong foothold in the Bioinformatics Market and offer a wide range of products & services. Some of the key players in this Bioinformatics Market are Thermo Fisher Scientific, Inc., Eurofins Scientific, QIAGEN N.V., Agilent Technologies, Inc., and Illumina, Inc. among others.
Bioinformatics Market Top Players Company Profiles
- Illumina Inc.
- Thermo Fisher Scientific Inc.
- Qiagen N.V.
- Agilent Technologies Inc.
- BGI Group
- PerkinElmer Inc.
- Eurofins Scientific SE
- Waters Corporation
- DNAnexus Inc.
- Sophia Genetics SA
- Partek Incorporated
- Gene Codes Corporation
- Dassault Systemes SE
- Biomax Informatics AG
- Bruker Corporation
- GenoLogics Life Sciences Software Inc.
- Nonlinear Dynamics Ltd. (Waters Corporation)
- Genedata AG
- Knome Inc.
- Macrogen Inc.
Bioinformatics Market Recent Developments
- In May 2022, BioSkryb Genomics in collaboration with its innovative bioinformatics platform, BaseJumper launched ResolveOME Early Access Program for full genome and transcriptome amplification from a single cell.
- In July 2021, Indivumed GmbH has launched nRavel, a one-of-a-kind AI discovery platform for oncology and precision medicine. IndivuType's deep multi-omics data is combined with elaborate disease models, high-powered automated Machine Learning tools, and a comprehensive suite of advanced analytics tools on the platform.
Global Bioinformatics Key Market Trends
- Advances in Pharmacogenics to create market opportunities: Advances in systems biology and pharmacogenomics have helped personalized medicine in transitioning from disease-centered and reductionist medicine to system-based, integrative, and human-centered care.
- Increase in use of personalized medicine: Personalized medicine has increased collaboration among medical institutions, governments, and researchers in order to develop effective treatments as quickly as possible. Summit Biolabs Inc. and the Colorado Center for Personalized Medicine (CCPM)
Global Bioinformatics Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to the global bioinformatics market report and analysis, emerging markets such as India, China, Brazil, Russia, Taiwan, and South Korea present significant growth potential for large bioinformatics firms. The growing prominence of these emerging economies in terms of R&D and investments from global players is expected to provide a favorable outlook as well as opportunities for the growth of genomics, metabolomics (including chromatography, mass spectrometry, and NMR instruments), precision medicine, drug discovery, and other markets. Furthermore, because of fewer severe laws and data requirements, regulatory policies in Asia Pacific are more adaptable and business-friendly. Manufacturers will be compelled to focus on emerging markets as competition in mature countries intensifies.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 13.2 billion |
| Market size value in 2031 | USD 45.6 billion |
| Growth Rate | 16.3% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Bioinformatics Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Bioinformatics Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Bioinformatics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Bioinformatics Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Bioinformatics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Bioinformatics Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Bioinformatics Market Report Snapshots
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