Bioinformatics Services Market Size, Trends, Services, Growth and Top Key Players like Qiagen Bioinformatics, Perkinelmer, Neogenomics, Microsynth, Medgenome Labs, Macrogen, Life Technologies, Illumina, IBM Life sciences, Thermo Fisher Scientific etc

Bioinformatics Services Market

Bioinformatics Services combines computer science, statistics and life sciences together, to develop algorithms and professional software tools for mining and interpreting the tremendous biological data, generated in recent booming high throughput. With the development of genomics, transcriptomics, proteomics and metabolomics, the bioinformatics has become more and more important and get even widely application in data mining. The Global Bioinformatics Services Market is accounted for $1.30 billion in 2017 and is expected to reach $5.67 billion by 2026 growing at a CAGR of 17.8% during the forecast period.

Factors such as rising public-private sector funding for bioinformatics services, increasing applications of bioinformatics in different industries and the lack of skilled bioinformatics professionals leading to increased outsourcing of bioinformatics tasks are collectively expected to propel the market growth. However, complexity of data and lack of well-defined standards for bioinformatics analysis are anticipated to hinder the growth of the market. Increasing focus on outsourcing for the management of large volumes of data is providing ample of opportunities for the market growth.

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Some of the key players profiled in the Bioinformatics Services Market include:
Source Bioscience, Qiagen Bioinformatics, Perkinelmer, Neogenomics, Microsynth, Medgenome Labs, Macrogen, Life Technologies Corporation, Illumina, IBM Life sciences, GVK Biosciences, Genewiz, Geneva bioinformatics, FIOS Genomics, Eurofins Scientific, DNAnexus Inc., CD Genomics, BGI, Baseclear and Thermo Fisher Scientific.

Specialties Covered:
-Forensic Biotechnology
-Environmental Biotechnology
-Animal Biotechnology
-Plant Biotechnology
-Medical Biotechnology

Type of Services Covered:
-Data Analysis
-Drug Discovery Services
-Differential Gene Expression Analysis
-Database and Management Services
-Sequencing Services
-Next Generation Sequencing (NGS)
-Microarray data analysis
-Scientific software testing
-Biological data curation
-Clinical trial data management
-Docking
-Other Type of Services

Applications Covered:
-Transcriptomics
-Proteomics
-Metabolomics
-Genomics
-Chemoinformatics and Drug Design
-Other Applications

End Users Covered:
-Pharmaceutical & Biotechnology Companies
-Hospitals & Clinics
-Academic Institutes & Research Centres
-Other End Users

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Based on specialty, medical biotechnology section is anticipated to command the steady share of the bioinformatics services market. The maximum share of this section can be attributed to the expansion of new databases for drug discovery, the use of bioinformatics for medical diagnostics, and increasing funding for the development of bioinformatics solutions for medicinal diagnostics.

Depending on end user, academic institutes & research centres section is projected to observer the significant growth. Growing scale of genomics research, rising number of collaborations between academic research institutes and players, increasing number of government funding programs for genomics research and the rising focus of market players on providing efficient bioinformatics services that suit the needs of researchers are some of the main factors for the growth of this sector.

Table of Contents:
1. Market Trend Analysis
2. Porters Five Force Analysis
3. Global Bioinformatics Services Market, By Specialty
4. Global Bioinformatics Services Market, By Type of Services
5. Global Bioinformatics Services Market, By Application
6. Global Bioinformatics Services Market, By End User
7. Global Bioinformatics Services Market, By Geography
8. Key Developments
9. Company Profiling

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This release was published on openPR.