openPR Logo
Press release

Bioinformatics Service Market CAGR of 14.7% Expected Through 2034

02-23-2024 09:30 PM CET | Health & Medicine

Press release from: Fact.MR

Bioinformatics Service Market CAGR of 14.7% Expected Through

A recent study by Fact.MR reveals that the global bioinformatics service market (バイオインフォマティクスサービス市場) is estimated to be worth US$ 4.28 billion in 2024. The market is expected to grow at a compound annual growth rate (CAGR) of 14.7%, reaching a value of US$ 16.94 billion by 2034.

Market Dynamics:

The bioinformatics service market is witnessing rapid growth driven by the increasing demand for efficient data management solutions in life sciences and healthcare sectors. The market is characterized by the rising adoption of bioinformatics tools and services in genomics, proteomics, and other omics research areas. The growing need for personalized medicine, drug discovery, and agricultural biotechnology is further fueling market growth.

For More Insights into the Market, Request a Sample of this Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=9349

One of the key drivers of the bioinformatics service market is the growing volume of biological data generated through various research activities. This has led to the need for advanced computational tools and algorithms to analyze, interpret, and manage this data effectively. Moreover, the integration of artificial intelligence (AI) and machine learning (ML) technologies in bioinformatics has revolutionized data analysis, enabling researchers to derive meaningful insights from complex biological datasets.

The market is also driven by the increasing collaboration between academic institutions, research organizations, and bioinformatics service providers. These collaborations aim to develop innovative solutions and services to address the evolving needs of the life sciences industry. Additionally, the rising adoption of cloud-based bioinformatics services is expected to drive market growth, as it offers scalability, flexibility, and cost-effectiveness to users.

List of Key Companies Profiled in The Report

Illumine, Inc.
Strand Life Sciences, Inc.
Thermo Fisher Scientific
CD Genomics
DNANEXUA, INC.
Biomax Informatics AG
Agilent Technologies, Inc.
Gene Codes Corporation
BGI Group
QIAGEN N.V.
PerkinElmer Inc.
Biomatters Geneious
Premier Biosoft
Creative-Biolabs
GSL Biotech LLC
DNASTAR
FIOS Genomics

Market Future Outlook:

The bioinformatics service market (생물정보학 서비스 시장) is poised for significant growth in the coming years, driven by advancements in genomics, proteomics, and other omics technologies. The market is expected to witness a surge in demand for bioinformatics services, especially in drug discovery, personalized medicine, and agriculture. Moreover, the integration of AI and ML technologies is expected to further accelerate market growth, enabling faster and more accurate data analysis.

The increasing focus on precision medicine and the development of targeted therapies is also expected to drive market growth. Bioinformatics services play a crucial role in analyzing genetic and molecular data to identify biomarkers, drug targets, and personalized treatment options. As a result, there is a growing demand for bioinformatics solutions that can integrate and analyze diverse datasets to support precision medicine initiatives.

Market Insights:

The global bioinformatics service market is segmented based on service type, application, end-user, and region. On the basis of service type, the market is segmented into data analysis, data management, and other services. The data analysis segment is expected to dominate the market, driven by the increasing demand for advanced computational tools and algorithms for data analysis.

Want Full Report? Enquire Here- https://www.factmr.com/report/bioinformatics-service-market

Based on application, the market is segmented into genomics, proteomics, chemoinformatics, and other applications. The genomics segment is expected to hold a significant market share, driven by the increasing focus on genomic research and personalized medicine. In terms of end-user, the market is segmented into pharmaceutical and biotechnology companies, academic and research institutes, hospitals and clinics, and other end-users.

Recent Developments:

The bioinformatics service market (Marché des services bioinformatiques) is witnessing several key developments aimed at enhancing service offerings and expanding market presence. For instance, in 2023, Illumina, a leading provider of genomic sequencing solutions, announced the launch of Illumina Connected Analytics, a cloud-based bioinformatics platform. The platform offers a wide range of bioinformatics services, including data analysis, visualization, and interpretation, to support genomics research and clinical applications.

In another development, Qiagen, a provider of bioinformatics and molecular diagnostics solutions, announced the acquisition of OmicSoft Corporation, a leading provider of data management and analysis solutions for omics data. The acquisition is expected to strengthen Qiagen's bioinformatics service offerings and expand its presence in the bioinformatics market.

Overall, the bioinformatics service market is witnessing rapid growth driven by the increasing demand for advanced data management solutions in life sciences and healthcare sectors. With the integration of AI and ML technologies and the growing focus on precision medicine, the market is expected to witness significant growth in the coming years.

Explore More Related Studies Published by Fact.MR Research:

Bioinformatics Market (생물정보학 시장): https://www.factmr.com/report/bioinformatics-market

Drug Discovery Services Market (創薬サービス市場): https://www.factmr.com/report/375/drug-discovery-services-market

Drug Discovery Technologies Market (Marché des technologies de découverte de médicaments): https://www.factmr.com/report/drug-discovery-technologies-market

Contact:

US Sales Office

11140 Rockville Pike

Suite 400 Rockville, MD 20852

United States Tel: +1 (628) 251-1583, +353-1-4434-232 (D)

Sales Team: sales@factmr.com

About Fact.MR :

We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client's satisfaction.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Bioinformatics Service Market CAGR of 14.7% Expected Through 2034 here

News-ID: 3397757 • Views:

More Releases from Fact.MR

Insights into the Medical Gloves Market to Exceed US$ 27 Billion by 2034
04-19-2024 | Health & Medicine
Fact.MR
Insights into the Medical Gloves Market to Exceed US$ 27 Billion by 2034
The global medical gloves market (医療用手袋市場) is projected to reach a valuation of over US$ 27,141.5 million by 2034, growing from an estimated worth of US$ 11,299 million in 2024, with a forecasted compound annual growth rate (CAGR) of 9.2% until 2034. The increasing emphasis on hygiene and infection control, particularly in healthcare environments, is driving demand for medical gloves. This demand is further fueled by stringent regulations governing healthcare standards.
Aerial Inspection Services Market is accelerate at a CAGR of 17.5% to top US$ 9.5 billion by 2033.
Aerial Inspection Services Market is accelerate at a CAGR of 17.5% to top US$ 9. …
The global Aerial Inspection Services is expected to reach a value of US$ 1.9 billion and is projected to grow at a compound annual growth rate (CAGR) of 17.5% over the next decade, reaching US$ 9.5 billion by 2033.Drone inspection services dominate this market, accounting for approximately 90.0% of the total aerial inspection services sector. Moreover, this segment represents a significant portion, around 25.0%, of the broader drone services market,
Bioink Market Expected to Reach US$ 1.03 Billion by 2034 with 18.8% CAGR
04-19-2024 | Health & Medicine
Fact.MR
Bioink Market Expected to Reach US$ 1.03 Billion by 2034 with 18.8% CAGR
In 2024, the global bioink market (バイオインク市場) is estimated at US$ 185.6 million. Forecasts project a remarkable Compound Annual Growth Rate (CAGR) of 18.8%, catapulting the demand for bioinks to reach a substantial market value of US$ 1.03 billion by 2034. Recent years have witnessed a consistent rise in the necessity for organ replacements and tissue regeneration. Innovations in these fields are anticipated to facilitate the transformation of damaged tissues into
Bonded Magnet Market is forecast to reach a valuation of US$ 10.9 Billion by 2032
Bonded Magnet Market is forecast to reach a valuation of US$ 10.9 Billion by 203 …
The Bonded Magnet Market is currently valued at around US$ 5.1 billion, and it is expected to experience substantial growth in the coming years. Projections suggest that the market will reach a valuation of US$ 10.9 billion by 2032, growing at an impressive compound annual growth rate (CAGR) of 7.8% from 2022 to 2032. Bonded magnets play a significant role in the global magnet market, accounting for approximately 14% of its

All 5 Releases


More Releases for Bioinformatics

Bioinformatics Market: Increasing Funding and Investments in Bioinformatics
In the field of genetics and genomics, bioinformatics aids in sequencing and annotating genomes. Bioinformatics plays a key role in the analysis of gene and protein expression and regulation. Bioinformatics tools aid in the comparison of genetic and genomic data and, more generally, in the understanding of evolutionary aspects of molecular biology. The role of human genomics research and related biotechnologies has the potential to achieve several public health goals,
Bioinformatics Market: Increasing Funding and Investments in Bioinformatics
In the field of genetics and genomics, bioinformatics aids in sequencing and annotating genomes. Bioinformatics plays a key role in the analysis of gene and protein expression and regulation. Bioinformatics tools aid in the comparison of genetic and genomic data and, more generally, in the understanding of evolutionary aspects of molecular biology. The role of human genomics research and related biotechnologies has the potential to achieve several public health goals,
Bioinformatics Market Research Report 2022 | AFFYMETRIX, INC., GENEVA BIOINFORMA …
Global Report on Bioinformatics Market Size, Status, Growth and Forecast 2021-2027. The " Bioinformatics Market " research report is a valuable source of agile information for business methodologies. It provides an overview of the Bioinformatics industry, providing development research and definitive future value, income, market size, and supply and demand data (if applicable). The exam experts give you a point for each chain and retailer research of significant value. This market study provides extensive information to
Bioinformatics Market 2026 | Eurofins Scientific, Affymetrix, Sophia Genetics, A …
Bioinformatics is a hybrid science or an interdisciplinary field that develops methods and software tools for understanding biological data. It links biological data with techniques for information storage, distribution, analysis to support scientific research, including biomedicine. The data is used to procure information that can be applied to gene-based drug discovery and development, protein structure studies, and to determine the therapeutic efficacy of drugs. Typical uses of bioinformatics include the
Bioinformatics Market | Bioinformatics Platforms to Lead Market
Prominent participants in the global market for bioinformatics include ID Business Solutions, Ltd., Illumina, Inc., GenoLogics Life Sciences Software, Inc., Affymetrix, Inc., Life Technologies Corporation, Agilent Technologies, Inc., CLC bio A/S, and Accelrys, Inc. In order to march ahead, they are seen investing heavily in research and development of more cutting-edge products. A report by Transparency Market Research projects the global bioinformatics market’s worth to be around US$9.1 bn by 2018-end. View
Bioinformatics Services Global Market 2018: Key Players – Qiagen Bioinformatic …
Bioinformatics Services Industry Description Wiseguyreports.Com Adds “Bioinformatics Services -Market Demand, Growth, Opportunities and Analysis Of Top Key Player Forecast To 2026” To Its Research Database 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