Bioinformatics Market Size, Share, and Growth Analysis

Global Bioinformatics Market

Bioinformatics Market Size, Share & Trends Analysis Report, By Products & Services (Knowledge Management Tools, Bioinformatics Platforms, Bioinformatics Services), By Purchase Mode (Group Purchase, Individual Purchase), By Sector, By Application, By End User, By Region, And Segment Forecast, 2025-2032


Report ID: SQMIG35J2131 | Region: Global | Published Date: June, 2025
Pages: 198 |Tables: 155 |Figures: 78

Format - word format excel data power point presentation

Bioinformatics Market Insights

Global Bioinformatics market size was valued at USD 17.23 billion in 2023 and is poised to grow from USD 19.51 billion in 2024 to USD 52.75 billion by 2032, growing at a CAGR of 13.24% in the forecast period (2025-2032).

Growing emphasis on personalized medicines, genomics, and proteomics research are the main factors driving global bioinformatics market growth. Bioinformatics is an indispensable tool in these types of life science and pharmaceutical R&D. Advances in AI and machine learning technologies are also improving outcomes. Increasing support from the public and private sectors for genomic research is an additional factor driving market expansion.

The increase in strategic alliances and partnerships has also resulted in increasing market competitiveness. However, the high costs associated with buying or subscribing for such tools and platforms and challenges in data integration and standardization act as huge roadblocks for the market’s growth. This can only be overcome by increased spending on research and development and cross-collaboration between the research community and industrial players. By overcoming these challenges, the market is set to witness steady growth ahead in the upcoming years.

How is AI bringing Transformation to the Market?

Artificial Intelligence (AI) is transforming market dynamics. AI helps improve the accuracy and time required for interpretation of complex biological data. These technologies also uncover hidden patterns in genomics, proteomics, and transcriptomics datasets. This improves predictive modeling, interpretation of variants, and drug discovery. On May 8, 2025, the Swiss Institute of Bioinformatics (SIB) launched ExpasyGPT. This is a generative AI tool which is integrated into its Expasy portal. ExpasyGPT allows researchers to do complex cross-database queries using natural language. Many startups are also taking advantage of the emerging application of AI in bioinformatics and launching their flagship products in the market that utilize AI to provide better precision and speed in bioinformatics.

Market snapshot - 2025-2032

Global Market Size

USD 17.23 billion

Largest Segment

Knowledge Management Tools

Fastest Growth

Knowledge Management Tools

Growth Rate

13.24% CAGR

Global Bioinformatics Market ($ Bn)
Country Share for North America Region (%)

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Bioinformatics Market Segments Analysis

The global bioinformatics market is segmented into products & services, purchase mode, sector application, end user and region. By products & services, the market is classified into knowledge management tools (generalized knowledge management tools, specialized knowledge management tools), bioinformatics platforms (data analysis platforms, structural & functional analysis platforms, others), and bioinformatics services (sequencing services, data analysis services, drug discovery services, differential gene expression analysis services, database and management services, others). Depending on purchase mode, it is divided into group purchase, and individual purchase. According to sector, the market is categorized into medical biotechnology, clinical diagnostics & personalized medicine, reproductive health, animal biotechnology, plant biotechnology, environmental biotechnology, forensic biotechnology, and others. Depending on application, it is divided into genomics, chemoinformatics & drug design, proteomics, transcriptomics, metabolomics, and others. According to end user, the market is categorized into research and academic institutes, clinical research organization, biotech and pharmaceutical companies, research laboratories, hospitals, and others. Regionally, the market is analyzed across North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.

Which Product or Service is Dominating the Global Bioinformatics Market?

As per the 2024 global bioinformatics market analysis, the knowledge management tools sub-segment held the largest share of revenue and controlled the market. It was valued at 8.9 billion in 2024. Nowadays, the need to organize, retrieve, and utilize complex biological data efficiently is very high. Knowledge management tools allow the integration and interpretation of data in research projects. This accelerates discovery in genomics, proteomics, and drug development. The wide adoption of these tools in research and pharmaceutical settings shows how critical they are in streamlining workflows and improving scientific outcomes.

The sub segment is also expected to experience the highest compound annual growth rate (CAGR) through the forecasted period with a CAGR of above 13.5%. Technological advancements in AI, machine learning, and semantic technologies are pushing the category to newer heights. Their integration with LLMs and knowledge graphs, as seen in tools like ExpasyGPT, further showcases their value in allowing faster, deeper, and more accurate insights.

Which Application is Leading the Charge in Bioinformatics?

Based on the 2024 global bioinformatics market forecast, the genomics category in the application segment dominated the market. It accounted for about 30% of the total market share in 2024. The exponential growth in next-generation sequencing (NGS) data and its use in various fields such as personalized medicine, disease diagnostics, and population genomics are the reasons behind this dominance. The investments in large-scale genome projects and clinical genomics applications have also cemented its leadership position. Bioinformatics tools play a very important role in managing, analyzing, and interpreting complex genomic datasets.

The proteomics category, at a 13.5% CAGR, is expected to have the highest growth rate during the forecast period of 2025-2032. Bioinformatics is a necessary tool in understanding protein functions, interactions, and dynamics in health and disease. Technological advances in mass spectrometry and high-throughput protein analysis have increased the volume of data. This creates the need for bioinformatics platforms which can provide correct interpretation. Its growing application in biomarker discovery, cancer research, and drug development is also fueling the demand for proteomics-based bioinformatics solutions globally.

Global Bioinformatics Market Analysis by Products & Services

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Bioinformatics Market Regional Insights

Why is North America Leading Bioinformatics Market in 2024?

As per the 2024 bioinformatics market regional forecast, the North American market is predicted to hold the largest share among all regions in 2024. The region holds 43% of the total market share in 2024. The high spending the region observes on healthcare along with factors such as presence of leading biotech and pharmaceutical companies in the region and strong government funding all contribute to its growth. The high concentration of genomic research initiatives also continues to spur adoption in the region. The US emerges as the hub for bioinformatics in the region.

U.S. Bioinformatics Market

In North America, U.S. leads the bioinformatics market especially capturing more that 85% of the market in North America. This is due to its advanced research infrastructure, strong presence of major biotech and pharmaceutical companies, and substantial government and private sector investments. Many key players in the market such as Thermo Fisher Scientific, Inc., Illumina, Inc., Waters Corporation, Azenta, Inc. etc. are headquartered here. The presence of these major industry players and increased R&D funding creates an environment for innovation in bioinformatics. In April 2025, Signios Bio, which was formerly the U.S. research arm of MedGenome Inc., announced its rebranding from to establish its position as one of the leaders in AI-driven bioinformatics and multiomics. The company now offers an integrated platform for various applications starting from genomics to spatial biology.

Canada Bioinformatics Market

Canada in North America is just behind the U.S. Its growth rate surpassed that of US amounting to 13.63% during 2025-2032. The country’s bioinformatics market’s growth can be credited to government-funded initiatives such as Genome Canada and collaborations with international partners. In October 2024, Bioinformatics Solutions Inc. (BSI), a Canada-based bioinformatics firm and SCIEX cemented their collaboration with the launch of PEAKS 12.5. PEAKS 12.5 is a next-gen proteomics software which is compatible with the ZenoTOF 7600+ system. It claims to offer better accuracy, sensitivity, and interactive visualization. Such innovations showcase the huge potential of the market.

Why is Demand for Bioinformatics Fueling Growth in Asia Pacific?

Asia-Pacific is predicted to grow at the highest rate in the bioinformatics market over the projection period of 2025-2032. The region grew at 14.8% during the forecast period. The growth in the region is led by investments in biotechnology, adoption of precision medicine, and rise in genomic research across countries like China, India, and Japan. Other factors such as supportive government policies, growing healthcare awareness, and increase in regional collaborations also support greater growth of bioinformatics. All of these factors contribute to the fast rate at which the bioinformatics market of Asia Pacific is growing.

China Bioinformatics Market

The China bioinformatics market grew at a steady rate of 14.72 % during the forecast period. This expansion can be credited for various reasons. It can be strong government support, massive genomic datasets, and increasing focus on precision medicine and biotechnology. Rapid innovation in the market is also a huge reason behind the market’s progress. MGI Tech, a Chinese biotech company, launched the Microbial Isolates Whole-Genome Sequencing Package for its CycloneSEQ platform in May 2025. This package gives a 3-step library preparation and integrated MGA software for automating genome assembly, annotation, and visualization. It combines long- and short-read sequencing for microbial analysis with high-accuracy rates. This streamlines bioinformatics workflows for researchers in microbial genomics.

India Bioinformatics Market

India holds 38.2 % of Asia Pacific’s bioinformatics market in 2025. India’s market growth is spurred by rising investments in genomics, personalized medicine, and biotech research. Government initiatives like the Genome India Project and local innovation from companies like MedGenome Labs Ltd. have also played huge roles in positioning India as an influential market for bioinformatics. In 2024, Singleron Biotechnologies established a partnership with Bioscreen. In this partnership, Bioscreen exclusively distributes its single cell multi-omics solutions in India. This makes access to end-to-end single cell analysis tools better in the country.

How is Europe Maintaining its Position in Bioinformatics Industry?

Europe held a significant market share of 3.72 billion in 2024 and is likely to continue so during the forecast period of 2025-2032. This can be due to the increase in research activities in genomics and molecular biology, along with funding from the European Union and national governments. The well-established academic and research infrastructure encourages innovation. Collaborations among biotech firms, universities, and public institutions create room for innovation across various applications in bioinformatics.

Germany Bioinformatics Market

Germany has the one of the largest European markets for bioinformatics. It grew at a rate of 12.39% during the forecast period. Its growth is supported by its life sciences industry and strong R&D capabilities. The country’s focus on genome sequencing, biomedical informatics, and pharmaceutical research has also encouraged adoption. German research institutions and biotech firms are increasingly modern analytical tools into bioinformatics platforms to make drug discovery and clinical diagnostics better and faster.

France Bioinformatics Market

The France bioinformatics market is also experiencing steady growth. The market benefits from its focus on research in genomics, proteomics, and systems biology. France excels in innovation in pharmaceutical and lays emphasis on collaborative research in drug development. Bioinformatics is playing a central role in France’s biomedical research. This makes the French bioinformatics market a highly opportune market in upcoming years.

UK Bioinformatics Market

The UK bioinformatics market emerges as the most prominent bioinformatics market in the European region. It held about 41.13% of the total European bioinformatics market share in 2024. This is attributed to the thriving biotech sector in the UK and initiatives like Genomics England. The UK is focusing on integrating genomics into public healthcare. A strong base of academic excellence and public-private partnerships provides the perfect environment for bioinformatics platforms and services’ growth in the country.

Global Bioinformatics Market By Geography
  • Largest
  • Fastest

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Bioinformatics Market Dynamics

Bioinformatics Market Drivers

Increased Regulatory Approvals

  • The increase in regulatory approvals of novel drugs from regulatory bodies such as FDA and Center for Drug Evaluation and Research fuels the demand for bioinformatics solutions. In 2023 alone, the CDER approved 55 novel drugs. This is the second-highest number of approvals in a single year. This increase in approvals shows that the market is progressive towards drug development. This, in turn, indicates the presence of a suitable environment for innovation and market entry. The increased number of FDA approvals directly correlates with heightened research and development (R&D) activities. This creates a direct demand for advanced databases and software tools. Thus, the role of bioinformatics in this transformative journey is more evident now than ever before.

Growing Demand for Personalised Medicine

  • The emphasis on personalized medicine has been significantly increasing. The global market for precision medicine increased by 12.68% from 2020 to 2021. And about 11.25% from 2021 to 2022. Bioinformatics plays a huge role here. By utilizing genomic and proteomic data, it helps healthcare providers to tailor treatments to the genetic profiles of individuals. This demand is particularly prominent in oncology. Precision diagnostics and customized therapies rely a lot on bioinformatics tools to interpret complex biological datasets and improve decision-making and efficacy of treatment. This helps in the adoption of bioinformatics products and services at a global scale.

Bioinformatics Market Restraints

Lack of Standardization

  • The lack of well-defined standards and common data formats for the integration of data, along with concerns about data complexity and the shortage of user-friendly tools hinders the growth potential of the market. They affect the ability of seamless data integration, collaboration, and effective analysis. This slows down research progress and innovation. The absence of common standards causes inefficiencies and errors in interpretation of genomic and proteomic data. This may mean that researchers and bioinformaticians face obstacles in extracting meaningful insights from the wealth of biological information available.

High Cost of Bioinformatics Tools and Infrastructure

  • Bioinformatics solutions’ implementation requires huge investment spent on software licenses, cloud infrastructure, high-performance computing systems, and skilled personnel. These costs can act as huge roadblocks for small to mid-sized research labs, healthcare facilities, and academic institutions. These software and solutions also need regular updates and maintenance. This also adds to the operational burden, which ultimately creates disparities in access to bioinformatics technologies globally. 

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Bioinformatics Market Competitive Landscape

The market observes intense competition and innovation. Leading players, such as are Eurofins Scientific, Thermo Fisher Scientific, Inc., and Illumina, Inc., have been adopting strategies centred around integration of technological advances and strategic collaborations. Companies like Qiagen, Agilent Technologies, My Intelligent Machines (MIMs), and LatchBio are using their innovative tools such as QIAGEN’s Microbiome WGS SeqSets and Agilent’s oncology-focused partnership with Theragen Bio. This helps them to improve the precision and efficiency. Many firms are also entering strategic R&D partnerships. Few such instances were seen in Illumina’s alliance with AstraZeneca and Thermo Fisher’s startup incubator collaboration in 2022. These efforts were made to expand the companies’ research capabilities; make bioinformatics tools democratized and gain competitive advantage in the market. Startups are also entering the market to take advantage of its growth.

  • Genomiki Solutions Private Limited is an India-based company founded in 2020. It is a specialized genome-informatics company which provides advanced bioinformatics solutions for paediatric rare disorders. They have a cloud-based platform which streamlines genetic data analysis starting from interpretation to reporting. This enables clinicians to identify and prioritize likely genetic causes with accuracy. Genomiki supports decision-making for diagnoses and treatments. The company also provides customized bioinformatics services for both academic and industrial research needs.
  • Ignota Labs, established in 2021 and headquartered in Cambridge, UK, is an AI-driven drug turnaround company. It uses its proprietary SAFEPATH platform to address drug safety challenges. The platform combines deep learning with cheminformatics, and bioinformatics to identify mechanisms of toxicity, predict adverse effects, and balance safety with therapeutic efficacy. It received $6.9M in seed funding in Febraury 2025. The company is advancing its first clinical asset. It has also succeeded in resolving toxicity in a metabolic health drug for post-menopausal women.

Top Player’s Company Profiles

  • Thermo Fisher Scientific, Inc. (United States)
  • Eurofins Scientific SE (Luxembourg)
  • Illumina, Inc. (United States)
  • Revvity Inc (United States)
  • Qiagen N.V. (Netherlands)
  • Agilent Technologies, Inc. (United States)
  • DNASTAR, Inc. (United States)
  • Waters Corporation (United States)
  • Azenta, Inc. (United States)
  • MedGenome Labs Ltd. (India)
  • Fios Genomics (United Kingdom)
  • Genscript Biotech Corporation (China)
  • Dotmatics (United States)
  • Dnanexus, Inc. (United States)
  • Synbio Technologies (United States)
  • NeoGenomics Laboratories (United States)
  • Limerston Capital (Source BioScience) (United Kingdom)
  • Psomagen, Inc. (formerly Macrogen Corp.) (United States / South Korea)
  • LabVantage Solutions, Inc. (Biomax Informatics AG) (United States)
  • Sophia Genetics (Switzerland)

Recent Developments in Bioinformatics Market

  • In May 2025, Illumina launched DRAGEN v4.4. This software is the most advanced secondary analysis software. It improves accuracy and speed of genomic analysis. 30% improvement in structural variant calling, preconfigured oncology workflows, new multiomics pipelines, and support for AWS F2 for faster cloud performance are some of its update features. The software will find extensive application in clinical research in oncology, infectious diseases, and population genomics. The University Hospital of Tübingen will evaluate DRAGEN v4.4 in a germline testing study to validate its variant calling accuracy and clinical utility.
  • Siemens signed an agreement to acquire Dotmatics in April 2025. This acquisition will occur for $5.1 billion. It will expand Siemens’s AI-powered PLM portfolio and make its position in the Life Sciences industry stronger. Dotmatics’ scientific platform is used by over 2 million scientists and will now complement Siemens’ capabilities in digital twin and AI.
  • In January 2024, Qiagen announced that it plans to increase its investments in QIAGEN Digital Insights (QDI) bioinformatics business. This investment will enable them to expand globally and improve their AI, NLP, and Omics capabilities. The company also plans to launch five new products in its portfolio to improve its NGS data analysis tools and strengthen data infrastructure.

Bioinformatics Key Market Trends

Bioinformatics Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research. 

As per SkyQuest analysis, the bioinformatics market is progressing considerably due to the expanding applications of bioinformatics, supportive regulatory approvals, and growing partnerships and alliances. However, the market is hampered by lack of standardization, huge pricing of tools and platforms, and competition pressure. North America is anticipated to lead the market owing to its well-developed pharmaceutical market that demands advanced bioinformatics, focus on research and development, and technological improvements. Asia Pacific, on the other hand, emerges as the fastest growing region.

Report Metric Details
Market size value in 2023 USD 17.23 billion
Market size value in 2032 USD 52.75 billion
Growth Rate 13.24%
Base year 2024
Forecast period 2025-2032
Forecast Unit (Value) USD Billion
Segments covered
  • Products & Services
    • Knowledge Management Tools
    • Bioinformatics Platforms
    • Bioinformatics Services
    • Others
  • Purchase Mode
    • Group Purchase
    • Individual Purchase
  • Sector
    • Medical Biotechnology
    • Clinical Diagnostics & Personalized Medicine
    • Reproductive Health
    • Animal Biotechnology
    • Plant Biotechnology
    • Environmental Biotechnology
    • Forensic Biotechnology
    • Others
  • Application
    • Genomics
    • Chemoinformatics & Drug Design
    • Proteomics
    • Transcriptomics
    • Metabolomics
    • Others
  • End User
    • Research and Academic Institutes
    • Clinical Research Organization
    • Biotech and Pharmaceutical Companies
    • Research Laboratories
    • Hospitals
    • Others
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
  • Thermo Fisher Scientific, Inc. (United States)
  • Eurofins Scientific SE (Luxembourg)
  • Illumina, Inc. (United States)
  • Revvity Inc (United States)
  • Qiagen N.V. (Netherlands)
  • Agilent Technologies, Inc. (United States)
  • DNASTAR, Inc. (United States)
  • Waters Corporation (United States)
  • Azenta, Inc. (United States)
  • MedGenome Labs Ltd. (India)
  • Fios Genomics (United Kingdom)
  • Genscript Biotech Corporation (China)
  • Dotmatics (United States)
  • Dnanexus, Inc. (United States)
  • Synbio Technologies (United States)
  • NeoGenomics Laboratories (United States)
  • Limerston Capital (Source BioScience) (United Kingdom)
  • Psomagen, Inc. (formerly Macrogen Corp.) (United States / South Korea)
  • LabVantage Solutions, Inc. (Biomax Informatics AG) (United States)
  • Sophia Genetics (Switzerland)
Customization scope

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  • Company profile
  • Market dynamics & outlook
  • Region

 

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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 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
  • 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 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
  • 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
  • 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(%)

Methodology

For the 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 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 Bioinformatics Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the 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.

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FAQs

Global Bioinformatics market size was valued at USD 17.23 billion in 2023 and is poised to grow from USD 19.51 billion in 2024 to USD 52.75 billion by 2032, growing at a CAGR of 13.24% in the forecast period (2025-2032).

The market observes intense competition and innovation. Leading players, such as are Eurofins Scientific, Thermo Fisher Scientific, Inc., and Illumina, Inc., have been adopting strategies centred around integration of technological advances and strategic collaborations. Companies like Qiagen, Agilent Technologies, My Intelligent Machines (MIMs), and LatchBio are using their innovative tools such as QIAGEN’s Microbiome WGS SeqSets and Agilent’s oncology-focused partnership with Theragen Bio. This helps them to improve the precision and efficiency. Many firms are also entering strategic R&D partnerships. Few such instances were seen in Illumina’s alliance with AstraZeneca and Thermo Fisher’s startup incubator collaboration in 2022. These efforts were made to expand the companies’ research capabilities; make bioinformatics tools democratized and gain competitive advantage in the market. Startups are also entering the market to take advantage of its growth.'Thermo Fisher Scientific, Inc. (United States)', 'Eurofins Scientific SE (Luxembourg)', 'Illumina, Inc. (United States)', 'Revvity Inc (United States)', 'Qiagen N.V. (Netherlands)', 'Agilent Technologies, Inc. (United States)', 'DNASTAR, Inc. (United States)', 'Waters Corporation (United States)', 'Azenta, Inc. (United States)', 'MedGenome Labs Ltd. (India)', 'Fios Genomics (United Kingdom)', 'Genscript Biotech Corporation (China)', 'Dotmatics (United States)', 'Dnanexus, Inc. (United States)', 'Synbio Technologies (United States)', 'NeoGenomics Laboratories (United States)', 'Limerston Capital (Source BioScience) (United Kingdom)', 'Psomagen, Inc. (formerly Macrogen Corp.) (United States / South Korea)', 'LabVantage Solutions, Inc. (Biomax Informatics AG) (United States)', 'Sophia Genetics (Switzerland)'

The increase in regulatory approvals of novel drugs from regulatory bodies such as FDA and Center for Drug Evaluation and Research fuels the demand for bioinformatics solutions. In 2023 alone, the CDER approved 55 novel drugs. This is the second-highest number of approvals in a single year. This increase in approvals shows that the market is progressive towards drug development. This, in turn, indicates the presence of a suitable environment for innovation and market entry. The increased number of FDA approvals directly correlates with heightened research and development (R&D) activities. This creates a direct demand for advanced databases and software tools. Thus, the role of bioinformatics in this transformative journey is more evident now than ever before.

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Global Bioinformatics Market
Bioinformatics Market

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