The global bioinformatics market size is expected to grow from $11.55 billion in 2021 to $13.02 billion in 2022 at a compound annual growth rate (CAGR) of 12.7%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The bioinformatics market is expected to reach $21.32 billion in 2026 at a CAGR of 13.1%.
What is the Global Bioinformatics Market?
The bioinformatics market consists of sales of bioinformatics and related services. Bioinformatics combines computer programming, information engineering, mathematics, and statistics to analyze biological data for drug discovery and for preclinical studies.
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What drives the Global Bioinformatics Market?
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 is 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, 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 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.
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Global Bioinformatics Market Segments
The global bioinformatics market is segmented:
By Products and Services: Knowledge Management Tools, Data Analysis Platforms, Services
By Application: Metabolomics, Molecular Phylogenetics, Transcriptomics, Proteomics, Cheminformatics, Genomics, Others
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.
Bioinformatics Global Market Report 2022provides market size and growth forecasts for the global bioinformatics market, global bioinformatics market share, bioinformatics market segments and geographies, bioinformatics market competitive landscape including leading competitors’ revenues, profiles and market shares. The bioinformatics market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Bioinformatics Industry Playersinclude Agilent Technologies, Illumina, QIAGEN, Affymetrix, Thermo Fisher Scientific, BGI, Dassault Systems, Eurofins scientific, Bruker Daltonics, Biomax Informatix, DNASTAR, Partek, Geneva Bioinformatics, Perkinelmer Inc., Accelrys, SA Nonlinear Dynamics, Quest Diagnostics, Sophia Genetics, Waters Corporation, Permin Elmer Inc., Applied Biologicals Materials., Life Technologies, PerkinElmer, Waters Corporation, Sophia Genetics, Celera, Tripos, LP, Helicos Biosciences Incorporation, and IBM Life Sciences. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
