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The increasing usage of information technology in healthcare is likely to encourage innovation in the manufacture of bioinformatics services, boosting the market over the forecast period.

The global bioinformatics services market is expected to grow from $3.19 billion in 2022 to $3.68 billion in 2023 at a compound annual growth rate (CAGR) of 15.19%. The global bioinformatics services market size is expected to reach $6.67 billion in 2027 at a CAGR of 16.05%.

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Global Bioinformatics Services Market Segments Include:

• By Service: Sequencing Services, Data Analysis, Drug Discovery Services, Differential Gene Expression Analysis, Database And Management Services, Other Services
• By Specialty: Medical Biotechnology, Animal Biotechnology, Plant Biotechnology, Environmental Biotechnology, Forensic Biotechnology
• By Application: Genomics, Chemoinformatics And Drug Design, Proteomics, Transcriptomics, Metabolomics, Other Applications
• By End User: Academic Institute And Research Centers, Hospital And Clinics, Pharmaceutical And Biotechnology Companies, CROs, Other End Users
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global bioinformatics services market in 2021.

Major Market Players in the bioinformatics services market include Thermo Fisher Scientific Inc., QIAGEN Digital Insights, Illumina Inc., DNAnexus Inc., PerkinElmer Inc., Biomax Informatics AG, Life Technologies Corporation, BGI Group.

Technological developments are a major trend that is gaining traction in the bioinformatics services industry. Companies in the bioinformatics services market are embracing new technology in order to maintain their market position. For example, bitBiome Inc., a Japan-based microbiome analysis company, will introduce the Enzyme Discovery service in July 2022. The Enzyme Discovery Service is built on the world’s biggest microbial genome database (MMGDB) and proprietary bioinformatics tools. BitBiome uses its fundamental technology, bit-MAP, a microbial single-cell genome analysis technique, to analyse the human microbiome as well as environmental bacteria residing in soil, the ocean, and hot springs to develop the MMGDB. BitBiome offers enzyme discovery services such as scanning the MMGDB for optimum sequences using its proprietary bioinformatics and 3D structural modelling technology.

The Bioinformatics Services Global Market Report 2023  provides a bioinformatics services market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The bioinformatics services market forecast analyzes bioinformatics services market size, bioinformatics services market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Bioinformatics services encompass a diverse set of computational tools, resources, and analyses used in bioinformatics. Bioinformatics services include the detection of links between technical and biological variables in the study via sample metadata assessment, data quality control, and data normalisation across samples.

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