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Global Bioinformatics Market Overview And Prospects

December 6, 2021 by The Business Research Company

Learn about the global bioinformatics market through The Business Research Company, which provides information on bioinformatics market size, bioinformatics market drivers and restraints, bioinformatics market players, the COVID-19 impact on the bioinformatics market, and more.

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The global bioinformatics market is expected to grow from $9.38 billion in 2020 to $10.57 billion in 2021 at a compound annual growth rate (CAGR) of 12.7%. The growth 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 $18.46 billion in 2025 at a CAGR of 15%.

Increasing demand for protein sequencing is expected to drive innovation in bioinformatics manufacturing, thus driving the market during the forecast period.

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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.

Global bioinformatics market segments include:

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 market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

Companies in the bioinformatics market are increasingly investing in the research and development of nanopore sequencing technology. Nanopore sequencing is a single molecule DNA sequencing technology which eliminates the need for Polymerase Chain Reaction or chemical labelling of the sample. This technology passes ionic current through nanopores (a pore of nanometre size) and when the biological molecules pass through the nanopores or near to it then this technology measures the changes in current which can be used to identify the molecule. Nanopore sequencing technology offers high throughput, low cost, longer reads (Sequence of a section of a unique fragment) to the analyst and helps in the collection of data which is an essential part of bioinformatics.

TBRC’s bioinformatics market report covers:

Major Market Players: Agilent Technologies, Illumina, QIAGEN, Affymetrix and Thermo Fisher Scientific.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Bioinformatics Global Market Report 2021: COVID-19 Growth and Change to 2030 is one of a series of new reports from The Business Research Company that provides bioinformatics market overviews, analyzes and forecasts market size, share, bioinformatics market players, bioinformatics market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s bioinformatics market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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