Global Bioinformatics Market Opportunities 2024, Forecast To 2033
9 Jan, 2024
The bioinformatics market has exhibited rapid growth, increasing from $14.86 billion in 2023 to $16.9 billion in 2024, achieving a 13.7% CAGR. Historical growth is linked to genomic sequencing advancements, biomedical research growth, drug discovery and development, personalized medicine, and agriculture and biotechnology. Future growth is projected to reach $28.27 billion by 2028, sustaining a 13.7% CAGR. Drivers for this growth include advancements in omics technologies, AI and machine learning, data integration and cloud computing, biomarker discovery and diagnostics, and interdisciplinary collaboration. Major trends encompass genomic data explosion, personalized medicine, machine learning and AI, and drug discovery and development.
Global Bioinformatics Market Key Driver
The bioinformatics market is witnessing growth due to the increasing demand for protein sequencing. Protein sequencing, determining amino acid sequences in DNA, aids in understanding protein functions, activities, and structures. Advancements in mass spectrometry and analytical techniques, coupled with target-based drug development, contribute to the growing demand for protein sequencing.
Get A Free Sample Of The Global Bioinformatics Market ReportGlobal Bioinformatics Market Segments
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
By Geography: The regions covered in the bioinformatics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions
North America was the largest region in the bioinformatics market in 2023. Western Europe 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
Major Bioinformatics Industry Players
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.
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Bioinformatics Market Overview
Bioinformatics, which is connected to genetics and genomics, uses computer technology to gather, store, analyze, and share biological information and data such as DNA and amino acid sequences or annotations about those sequences.
Bioinformatics Global Market Report 2023 provides data on the global bioinformatics market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The bioinformatics market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.