Press release
Bioinformatics Market Forecasted to Reach $29.1 Billion by 2031 | Illumina Inc., Thermo Fischer Scientific, Qiagen NV
Bioinformatics Market || 2024-2031
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What is the projected growth rate (CAGR) of the Global Bioinformatics market from 2024 to 2031, and what is the market value expected to change by 2031?
The Global Bioinformatics Market size reached USD 11.4 billion in 2022 and is projected to witness lucrative growth by reaching up to USD 29.1 billion by 2031. The global bioinformatics market is expected to exhibit a CAGR 12.8% during the forecast period (2024-2031).
Bioinformatics is an interdisciplinary field that combines biology, computer science, and mathematics to analyze and interpret biological data, especially large datasets generated by genomic, proteomic, and other molecular studies. It involves the development of algorithms, software, and computational models to understand biological processes, identify genes, study protein structures, and explore evolutionary relationships, ultimately advancing research in areas like genetics, medicine, and drug discovery.
Key Developments:
On April 4, 2023, Absci Corporation, an AI-driven drug creation company, partnered with M2GEN, an oncology bioinformatics firm, to accelerate cancer drug development. Absci's ORIEN AVATAR platform will leverage M2GEN's extensive clinicogenomics data to rapidly create targeted therapies for diverse cancers and patient profiles.
On March 30, 2023, Watershed Informatics, a developer of a multi-omics platform for biopharma discovery, announced a $14.5M Series A funding led by Canvas Ventures. This funding aims to expand Watershed's commercial reach and expedite product innovation for drug discovery.
On May 11, 2022, ZS acquired Intomics, a Danish bioinformatics company specializing in complex biological data analysis to enhance drug discovery and development.
List of the Key Players in the Bioinformatics Market:
Illumina Inc., Thermo Fischer Scientific, Qiagen NV, Agilent Technologies, PerkinElmer, Celera Corporation, Dassault Systèmes, Data4Cure, Geneva Bioinformatics SA, and Lineage Cell Therapeutics
Research Process:
Both primary and secondary data sources have been used in the global Bioinformatics Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
Segment Covered in the Bioinformatics Market:
By Product & Services Type: Knowledge Management Tools, Bioinformatics Platforms, Services
By Application: Genomics, Gene Engineering, Drug Development, Omics, Personalized Medicine, Others
Regional Breakout:
The global Bioinformatics Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.
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Regional Analysis:
The global Bioinformatics Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Bioinformatics Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.
**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**
Chapter Outline:
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: key insights, key emerging trends, etc.
Chapter 3: Manufacturers competitive analysis, detailed analysis of New Zealand Food Testing and Certification manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 5 & 6: Revenue of New Zealand Food Testing and Certification in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: The main points and conclusions of the report.
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Frequently Asked Questions
What is the expected growth rate of the global market for the forecast period?
What are the key driving factors that are responsible to shape the fate of the Bioinformatics market during the forecast period?
What will be the overall size of the market during the analysis period?
What are the prominent market trends which influence the development of the Bioinformatics market across various regions?
Who are the key market players and the market strategies that have helped them to secure the leading position in the global market?
What are the challenges and threats that are likely to act as a barrier to the growth of the Bioinformatics market?
What are the major opportunities that the companies can get to attain success in the world?
Contact Us -
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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