Global Bioinformatics Market, By Product Type (Sequencing Platforms, Knowledge Management Tools, Bioinformatics Software), Industry (Molecular Medicine, Drug Development, Clinical Diagnostics, Agriculture, Forensic, Animal, Academics & Research, Environmental, Gene Therapy), Sector (Medical Biotechnology, Academics, Animal Biotechnology, Agricultural Biotechnology, Environmental Biotechnology, Forensic Biotechnology), Services (Data Analysis, Sequencing, Database integration, Others), Application (Preventive Medicine, Molecular Medicine, Genomics, Drug Development, Transcriptomics, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028.
Bioinformatics market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to grow at a CAGR of 16.45% in the above-mentioned forecast period. Growing demand for nucleic acid and protein sequencing due to reduction in sequencing cost and technological advancement drives the bioinformatics market.
Bioinformatics is defined as a combination of biology and information technology, that links biological data with techniques for information storage, distribution, and also analysis to support multiple areas of scientific research, including biomedicine. Bioinformatics uses software tools for data management, database creation, data warehousing, data mining, and others.
Rising initiatives from government and private organizations is the vital factor escalating the market growth, also rising applications of bioinformatics, increasing number of collaborations between companies and research institutes, increase in the need for integrated data and rise in the growth in proteomics and genomics are the major factors among others driving the bioinformatics market. Moreover, rising integration of machine learning and AI in healthcare, increasing blockchain technology and cloud computing and rising research and development activities in the market will further create new opportunities for bioinformatics market in the forecasted period of 2021-2028.
However, rising lack of well-defined standards and common data formats for integration of data and lack of user-friendly tools at cheaper prices are the major factors among others which will obstruct the market growth, while lack of interoperability and multiplatform capabilities, growing competition from in-house development and publicly available tools and shortage of skilled bioinformatics professionals will further challenge the growth of bioinformatics market in the forecast period mentioned above.
Bioinformatics market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on bioinformatics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Bioinformatics Market Scope and Market Size
Bioinformatics market is segmented on the basis of product type, industry, sector, services and application. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product type, bioinformatics market is segmented into sequencing platforms, knowledge management tools and bioinformatics software.
- Based on industry, bioinformatics market is segmented into molecular medicine, drug development, clinical diagnostics, agriculture, forensic, animal, academics & research, environmental and gene therapy.
- Based on sector, bioinformatics market is segmented into medical biotechnology, academics, animal biotechnology, agricultural biotechnology, environmental biotechnology and forensic biotechnology.
- Based on services, bioinformatics market is segmented into data analysis, sequencing, database integration and others.
- The bioinformatics market is also segmented on the basis of application into preventive medicine, molecular medicine, genomics, drug development, transcriptomics and others.
Bioinformatics Market Country Level Analysis
Bioinformatics market is analysed and market size insights and trends are provided by country, product type, industry, sector, services and application as referenced above.
The countries covered in the bioinformatics market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the bioinformatics market due to rising applications of bioinformatics, increasing number of collaborations between companies and research institutes, increase in the need for integrated data and rise in the growth in proteomics and genomics in this region. Asia-Pacific is the expected region in terms of growth in bioinformatics market due to increasing presence of skilled and trained bioinformaticians in this region.
The country section of the bioinformatics market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
Bioinformatics market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment’s, installed base of different kind of products for bioinformatics market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the bioinformatics market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Bioinformatics Market Share Analysis
Bioinformatics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to bioinformatics market.
The major players covered in the bioinformatics market report are Thermo Fisher Scientific Inc., Illumina Inc., Agilent Technologies, Inc., QIAGEN, BGI, Wuxi NextCODE, Eurofins Scientific, Waters Corporation, Sophia Genetics, Partek, DNASTAR, Dassault Systèmes, DNAnexus, Inc, Genebio, ASEBIO, PerkinElmer Inc. and ABM among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Bioinformatics Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.