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Bioinformatics Market Will Rise at A CAGR of 15.7%; And Industry Size, Share, New Future Opportunities By 2022-2028

10-06-2022 12:11 PM CET | IT, New Media & Software

Press release from: The Insight Partners

Bioinformatics Market

Bioinformatics Market

"A Qualitative Research Study accomplished by The Insight Partners database of 150 pages, titled as "Global Bioinformatics Market with 350+ market data Tables, Pie Charts, Graphs & Figures spread through Pages and easy-to-understand detailed analysis. The report is generated by performing a high-level market research analysis of key marketplace segments to identify opportunities, challenges, drivers, and market structures for our clients. This Keyword report assists in determining and optimizing each stage in the lifecycle of an industrial process that includes engagement, acquisition, retention, and monetization. Being a wide-ranging market research report, it is sure to help grow your business in several ways. The Bioinformatics market report potentially presents numerous insights and business solutions that will help you stay ahead of the competition.

The bioinformatics market is expected to grow from US$ 12,609.39 million in 2021 to US$ 34,749.78 million by 2028; it is estimated to grow at a CAGR of 15.7% from 2022 to 2028.     

Bioinformatics, as associated with genetics and genomics, is a scientific subdiscipline involving computer technology to collect, store, analyze, and disseminate biological data and information, such as DNA and amino acid sequences or observations about those sequences. Bioinformatics is essential for the management of data in modern biology and medicine. Scientists and clinicians use databases that organize and guide biological information to increase the understanding of health and disease and, in certain cases, as part of medical care.

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Bioinformatics Market - Company Profiles
Agilent Technologies, Inc.
Biomax Informatics Ag
Bruker Corporation
Dassault Systems
Eurofins Scientific
Geneva Bioinformatics
Illumina
Perkinelmer
Qiagen
Thermofisher Scientific, Inc. 
 
Scope of the Bioinformatics Market Report:

This study estimates the market size in terms of both value (millions of dollars) and volume (millions of units) (K Units). Both top-down and bottom-up techniques were used to estimate and validate the market size of the Bioinformatics market, as well as the size of various other dependent submarkets in the overall market. To identify important market participants, secondary research was utilized, and primary and secondary research was employed to determine their market shares. All percentage share splits and breakdowns were calculated using secondary sources and verified sources.

Market Insights
Increasing Funding and Investments in Bioinformatics
Many private organizations and government bodies around the globe are progressively investing in the field of bioinformatics. These investments have largely resulted in data and technological advancements in bioinformatics services, which have developed the quality of bioinformatics services. For instance, in 2016, the European Molecular Biology Laboratory (EMBL), an intergovernmental organization and pioneer in bioinformatics research, received funds from various organizations such as British Heart Foundation, Biotechnology and Biological Sciences Research Council, European Molecular Biology Organization, Cancer Research UK, the European Research Council, the European Commission, the Foundation of the National Institutes of Health, Bill & Melinda Gates Foundation, the Human Frontier Science Program, International Policy Governance Organization, the Medical Research Council, the National Institutes of Health, National Science Foundation, Parkinson's UK, Research Councils UK, and Wellcome, for R&D in the field of bioinformatics.

In 2021, the US government announced an investment worth US$ 1.7 billion to enhance monitoring, detection, and mitigation of SARS-CoV-2 variants and infrastructure development for future genomic sequencing needs. Also, in 2021, LifeArc (London) announced US$ 6.91 million in funding to support the Gen OMICC COVID-19 study, which will also support the bioinformatics analysis of patients, costs of patient enrolment, sample acquisition, and sample processing. Moreover, many countries are investing in their national population sequencing programs to identify the link between genetics and diseases. Government organizations are sequencing the genomes of millions of citizens to advance research and help develop better techniques to diagnose and treat cancer, rare diseases, and other conditions. Thus, the funding and investment in bioinformatics are boosting the market growth.

Bioinformatics Market - Product Insights
Based on product, the bioinformatics market is segmented into bioinformatics platforms, knowledge management tools, and bioinformative services. The bioinformatics platforms segment holds the largest market share in 2021. The knowledge management tools segment is anticipated to register the highest CAGR during the forecast period. The bioinformatics platform helps generate massive patient information datasets, mapping their entire genome-as opposed to a single panel of DNA to provide improved diagnosis and more targeted and effective treatments. The rapid development of next-generation sequencing technology has dramatically increased the amount of available microbial genomes, boosting bioinformatics platforms' adoption.

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Regional Analysis of the Bioinformatics Market:

The global Bioinformatics Market research report details the ongoing market trends, development outlines, and several research methodologies. It illustrates the key factors that directly manipulate the Market, for instance, production strategies, development platforms, and product portfolio. According to our researchers, even minor changes within the product profiles could result in huge disruptions to the above-mentioned factors.

➛ North America (United States, Canada, and Mexico)

➛ Europe (Germany, France, UK, Russia, and Italy)

➛ Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

➛ South America (Brazil, Argentina, Colombia, etc.)

➛ Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

Bioinformatics Market - Application Insights
Based on application, the bioinformatics market is segmented into genomics, proteomics, chemoinformatics & drug design, transcriptomics, metabolomics, and others. The genomics segment holds the largest market share in 2021. Furthermore, the chemoinformatics & drug design segment is expected to record a fastest CAGR from 2022 to 2028. Genetics is currently one of the most dynamic sciences in medicine, and genetic data plays a vital role in all areas of medicine. The data generated by genomics is probably analyzed by the same methods used by physicists and engineers who study financial markets and fiber optics but analyzing the data in a way that makes sense requires knowledge of biology. Thus, bioinformatics became an invaluable hybrid field of knowledge

Bioinformatics Market - Sector Insights
Based on sector, the bioinformatics market is segmented into medical biotechnology, animal biotechnology, agricultural biotechnology, academics, environmental biotechnology, forensic biotechnology, and others. in 2021, the medical biotechnology segment holds the largest market share. Furthermore, the same segment is expected to register the highest CAGR from 2022 to 2028. Medical bioinformatics improves the efficacy of sequencing procedures and aids in the elimination of errors that can occur with standard sequencing methods. Agrigenomics, human diseases, animal livestock, and microbes all benefit from these services.

Inorganic developments such as mergers and acquisitions are highly adopted strategies by companies in the bioinformatics market. A few of the recent key market developments are listed below: 

In January 2022, Thermo Fisher completed the acquisition of PeproTech on December 30, 2021, for a total cash purchase price of approximately US$ 1.85 billion. PeproTech is a privately held provider of bioscience reagents known as recombinant proteins, including cytokines and growth factors. Recombinant proteins are used in the development and manufacturing of cell and gene therapies, as well as in broader cell culture applications, especially for use in cellular research models.
In May 2022, Bruker Corporation and TOFWERK AG announced a strategic partnership for high-speed, ultra-sensitive applied and industrial analytical solutions, in conjunction with a Bruker minority investment in TOFWERK. The partnership provides a basis for technology collaborations to advance instrument capabilities and for the development of novel analytical applications where high speed and ultra-sensitivity matter.    
1. Introduction
1.1 The Insight Partners Research Report Guidance

1.2 Market Segmentation

1.2.1 Global Bioinformatics Market - By Product

1.2.2 Global Bioinformatics Market - By Application

1.2.3 Global Bioinformatics Market - By Sector

1.2.4 Global Bioinformatics Market - By Geography

2. Bioinformatics Market - Key Takeaways
3. Research Methodology
3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Global Bioinformatics Market - Market Landscape
4.1 Overview

4.2 PEST Analysis

4.2.1 North America - PEST Analysis

4.2.2 Europe- PEST Analysis

4.2.3 Asia Pacific- PEST Analysis

4.2.4 Middle East & Africa- PEST Analysis

4.2.5 South & Central America - PEST Analysis

4.3 Expert Opinion

5. Bioinformatics Market - Key Market Dynamics
5.1 Market Drivers

5.1.1 Increasing Funding and Investments in Bioinformatics

5.1.2 Increased Number of Genomic Research Activities with Corresponding Adoption of Bioinformatics

5.2 Market Restraint

5.2.1 Lack of Interoperability and Multiplatform Capabilities

5.3 Market Opportunities

5.3.1 Rising Demand for Personalized Medicine

5.4 Future Trends

5.4.1 Integration of Artificial Intelligence (AI) and Machine Learning in Bioinformatics

5.5 Impact Analysis

6. Bioinformatics Market - Global Analysis
6.1 Global Bioinformatics Market Revenue Forecast & Analysis

6.1.1 Global Bioinformatics Market Revenue Forecast & Analysis

6.1.2 Global Bioinformatics Market - Market Potential Analysis, By Region

6.2 Market Positioning Analysis of Key Players in Bioinformatics Market

6.2.1 Company Analysis

6.2.2 Growth Strategy Analysis

6.2.3 Performance Of Key Players

6.2.3.1 Thermofisher Scientific, Inc.

6.2.3.2 Agilent Technologies, Inc.

7. Bioinformatics Market Analysis and Forecasts To 2028 - By Product
7.1 . Overview

7.2 Bioinformatics Market Revenue Share by Product (2022 and 2028)

7.3 Bioinformatics Platforms

7.3.1 Overview

7.3.2 Bioinformatics Platforms: Bioinformatics Market - Revenue and Forecast to 2028 (USD Million)

7.4 Knowledge Management Tools

7.4.1 Overview

7.4.2 Knowledge Management Tools: Bioinformatics Market - Revenue and Forecast to 2028 (USD Million)

7.5 Bioinformative Services

7.5.1 Overview

7.5.2 Bioinformative Services: Bioinformatics Market - Revenue and Forecast to 2028 (USD Million)

8. Bioinformatics Market Analysis - By Application
8.1 Overview

8.2 Bioinformatics Market Revenue Share, by Application (2022 and 2028)

8.3 Genomics

8.3.1 Overview

8.3.2 Genomics: Bioinformatics Market - Revenue and Forecast to 2028 (USD Million)

8.4 Proteomics

8.4.1 Overview

8.4.2 Proteomics: Bioinformatics Market - Revenue and Forecast to 2028 (USD Million)

8.5 ChemoInformatics and Drug Design

8.5.1 Overview

8.5.2 ChemoInformatics and Drug Design: Bioinformatics Market - Revenue and Forecast to 2028 (USD Million)

8.6 Transcriptomics

8.6.1 Overview

8.6.2 Transcriptomics: Bioinformatics Market - Revenue and Forecast to 2028 (USD Million)

8.7 Metabolomics

8.7.1 Overview

8.7.2 Metabolomics: Bioinformatics Market - Revenue and Forecast to 2028 (USD Million)

Continued...

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