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Bioinformatics Global Market Size is Expected to Grow $28.27 Billion at a CAGR of 13.7% By 2028 | Key Players: Agilent Technologies Inc., Illumina Inc., QIAGEN NV, Affymetrix Inc., Thermo Fisher Scientific Inc.
Bioinformatics Market
The Business Research Company's Bioinformatics Global Market Report 2023 identifies the Increasing demand for protein sequencing is driving growth in the bioinformatics market. Protein sequencing refers to the process of determining the sequence of amino acids in all or part of the proteins present in DNA, based on which specific functions, activities, origin, or localization of the protein are determined.
The bioinformatics market size has grown rapidly in recent years. It will grow from $14.86 billion in 2023 to $16.9 billion in 2024 at a compound annual growth rate (CAGR) of 13.7%. The growth in the historic period can be attributed to genomic sequencing advancements, biomedical research growth, drug discovery and development, personalized medicine, agriculture and biotechnology. The bioinformatics market size is expected to see rapid growth in the next few years. It will grow to $28.27 billion in 2028 at a compound annual growth rate (CAGR) of 13.7%.
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Major companies operating in the bioinformatics market include Agilent Technologies Inc., Illumina Inc., QIAGEN NV, Affymetrix Inc., Thermo Fisher Scientific Inc., BGI Group, Dassault Systems SE, Eurofins Scientific SE, Bruker Corporation, Biomax Informatix AG, DNASTAR Inc., Partek Inc., Geneva Bioinformatics SA, PerkinElmer Inc., Accelrys Inc., Nonlinear Dynamics SA, Quest Diagnostics Inc., Sophia Genetics SA, Waters Corporation, Permin Elmer Inc., Celera Corporation, Tripos Inc., Helicos Biosciences Incorporation, IBM Life Sciences, Applied Biologicals Materials Inc., Life Technologies Corporation, GNS Healthcare Inc., DNAnexus Inc., Intrexon Bioinformatics Germany GmbH, Syapse Inc.
The growing pharmaceutical industry is expected to propel the growth of the bioinformatics market going forward. The pharmaceutical industry is a sector that involves the discovery, development, and production of drugs and medicines by both governmental and private entities.
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The Bioinformatics market is segmented -
1) By Products and Services: Knowledge Management Tools, Data Analysis Platforms, Services
2) By Application: Metabolomics, Molecular Phylogenetics, Transcriptomics, Proteomics, Chemoinformatic, Genomics, Other Applications
3) By End Users: Pharmaceutics, Animal Study, Agriculture, Forensic Science, Other End Users
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Bioinformatics market.
The Business Research Company's "Global Bioinformatics Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Bioinformatics Market Include:
1. Executive Summary
2. Bioinformatics Market Characteristics
3. Bioinformatics Market Trends And Strategies
4. Bioinformatics Market - Macro Economic Scenario
5. Global Bioinformatics Market Size and Growth
……
31. Global Bioinformatics Market Competitive Benchmarking
32. Global Bioinformatics Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Bioinformatics Market
34. Bioinformatics Market Future Outlook and Potential Analysis
35. Appendix
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