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Bioinformatics Services Market Size, Trends, Growth, Opportunities (2023-2030) | Illumina, Inc., QIAGEN, Thermo Fisher Scientific Inc., and Eurofin Scientific

12-03-2024 08:49 AM CET | Health & Medicine

Press release from: Fortune Business Insights

Bioinformatics Services Market

Bioinformatics Services Market

The Bioinformatics Services Market was valued at USD 4.32 billion in 2023 and is projected to grow from USD 5.34 billion in 2024 to USD 18.13 billion by 2032, recording a CAGR of 16.5% during the forecast period (2023-2030).

The Bioinformatics Services Market continues to expand as the demand for data-driven approaches in genomics and proteomics intensifies. With advancements in sequencing technologies and computational tools, bioinformatics has become integral to personalized medicine, drug discovery, and biological research. This article explores key industry developments, leading market players, and growth opportunities shaping the future of this dynamic market.

๐——๐—ถ๐˜€๐—ฐ๐—ผ๐˜ƒ๐—ฒ๐—ฟ ๐—ช๐—ต๐—ฎ๐˜ ๐—ฌ๐—ผ๐˜‚'๐—ฟ๐—ฒ ๐— ๐—ถ๐˜€๐˜€๐—ถ๐—ป๐—ด: ๐—š๐—ฒ๐˜ ๐—ฎ ๐—™๐—ฟ๐—ฒ๐—ฒ ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜ (๐—ฃ๐——๐—™) ๐—ฆ๐—ฎ๐—บ๐—ฝ๐—น๐—ฒ: https://www.fortunebusinessinsights.com/enquiry/sample/bioinformatics-services-market-109496

๐—ž๐—ฒ๐˜† ๐—œ๐—ป๐—ฑ๐˜‚๐˜€๐˜๐—ฟ๐˜† ๐——๐—ฒ๐˜ƒ๐—ฒ๐—น๐—ผ๐—ฝ๐—บ๐—ฒ๐—ป๐˜

In June 2023, Psomagen unveiled its adoption of the Pacific Bioscience Revio system. This cutting-edge sequencing platform supports services such as whole genome sequencing, whole exome sequencing, single-cell and bulk RNAseq, microbiome analysis, and Olink Proteomics. The addition of the Revio system enhances Psomagen's capability to deliver precise and comprehensive bioinformatics solutions, marking a significant milestone in the field.

๐—ง๐—ผ๐—ฝ ๐—–๐—ผ๐—บ๐—ฝ๐—ฎ๐—ป๐—ถ๐—ฒ๐˜€ ๐—ถ๐—ป ๐˜๐—ต๐—ฒ ๐—•๐—ถ๐—ผ๐—ถ๐—ป๐—ณ๐—ผ๐—ฟ๐—บ๐—ฎ๐˜๐—ถ๐—ฐ๐˜€ ๐—ฆ๐—ฒ๐—ฟ๐˜ƒ๐—ถ๐—ฐ๐—ฒ๐˜€ ๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜

โ€ข Illumina, Inc. (U.S.)
โ€ข QIAGEN (Netherlands)
โ€ข CD Genomics (U.S.)
โ€ข Excelra (U.S.)
โ€ข Creative Proteomics (U.S.)
โ€ข Fios Genomics (U.K.)
โ€ข Thermo Fisher Scientific Inc. (U.S.)
โ€ข Eurofins Scientific (Luxembourg)
โ€ข Psomagen (U.S.)

๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐——๐—ฟ๐—ถ๐˜ƒ๐—ฒ๐—ฟ๐˜€ ๐—ฎ๐—ป๐—ฑ ๐—ฅ๐—ฒ๐˜€๐˜๐—ฟ๐—ฎ๐—ถ๐—ป๐˜๐˜€

๐—ž๐—ฒ๐˜† ๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐——๐—ฟ๐—ถ๐˜ƒ๐—ฒ๐—ฟ๐˜€

โ€ข Rising demand for genomics and proteomics in precision medicine and drug development.
โ€ข Technological advancements in sequencing platforms and bioinformatics tools.
โ€ข Increasing adoption of big data analytics and AI in biological research.
โ€ข Expanding government and private funding for genomics research initiatives.
โ€ข Growth in personalized medicine and biomarker discovery applications.

๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—ฅ๐—ฒ๐˜€๐˜๐—ฟ๐—ฎ๐—ถ๐—ป๐˜๐˜€

โ€ข High costs associated with advanced sequencing platforms and bioinformatics services.
โ€ข Complexity in managing and interpreting large datasets.
โ€ข Lack of skilled professionals to operate and analyze bioinformatics tools in developing regions.

๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜ ๐—–๐—ผ๐˜ƒ๐—ฒ๐—ฟ๐—ฎ๐—ด๐—ฒ

The market report provides detailed insights into the bioinformatics services industry, covering emerging trends, competitive landscapes, and segmentation by service type. It also highlights innovations in genomics, proteomics, and sequencing technologies driving market growth.

๐—™๐—ผ๐—ฟ ๐—™๐˜‚๐—น๐—น ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜ ๐—–๐—ผ๐˜ƒ๐—ฒ๐—ฟ๐—ฎ๐—ด๐—ฒ ๐—ฉ๐—ถ๐˜€๐—ถ๐˜: https://www.fortunebusinessinsights.com/bioinformatics-services-market-109496

๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—–๐—ผ๐—บ๐—ฝ๐—ฒ๐˜๐—ถ๐˜๐—ถ๐˜ƒ๐—ฒ ๐—Ÿ๐—ฎ๐—ป๐—ฑ๐˜€๐—ฐ๐—ฎ๐—ฝ๐—ฒ

Companies like Illumina, QIAGEN, and Thermo Fisher Scientific are at the forefront of the bioinformatics services market, leveraging cutting-edge technologies to deliver comprehensive solutions. Their strategic initiatives, including partnerships, product launches, and R&D investments, contribute to a highly competitive and innovative landscape.

๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—ฆ๐—ฒ๐—ด๐—บ๐—ฒ๐—ป๐˜๐˜€

By service type, the sequencing segment led the market in 2023, driven by increasing demand for high-throughput sequencing technologies such as next-generation sequencing (NGS). Applications like whole genome sequencing, RNAseq, and microbiome analysis continue to dominate, underscoring the significance of sequencing services in bioinformatics.

๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—ฅ๐—ฒ๐—ด๐—ถ๐—ผ๐—ป๐—ฎ๐—น ๐—œ๐—ป๐˜€๐—ถ๐—ด๐—ต๐˜๐˜€

The bioinformatics services market exhibits significant growth potential across different regions:

โ€ข North America: Dominates the market due to advanced healthcare infrastructure, substantial R&D investments, and high adoption of sequencing technologies.
โ€ข Europe: Experiences robust growth driven by government funding for genomics research and expanding biotech industries.
โ€ข Asia-Pacific: Emerges as a lucrative market due to increasing genomics research activities and the presence of key players in countries like China and India.

๐—™๐˜‚๐˜๐˜‚๐—ฟ๐—ฒ ๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—ฆ๐—ฐ๐—ผ๐—ฝ๐—ฒ

โ€ข Development of AI-integrated bioinformatics tools for faster data analysis and interpretation.
โ€ข Expansion of cloud-based bioinformatics platforms for enhanced accessibility and scalability.
โ€ข Growth in multi-omics research combining genomics, proteomics, and metabolomics.
โ€ข Increased adoption of bioinformatics in agricultural and environmental studies.
โ€ข Collaboration between bioinformatics companies and pharmaceutical firms for drug discovery advancements.

๐—–๐—ผ๐—ป๐—ฐ๐—น๐˜‚๐˜€๐—ถ๐—ผ๐—ป

The Bioinformatics Services Market is poised for substantial growth, driven by technological advancements, increasing demand for personalized medicine, and expanding applications in genomics and proteomics. Key players like Illumina and Psomagen continue to innovate, ensuring the market remains dynamic and competitive. With opportunities in AI integration, multi-omics, and cloud-based solutions, the bioinformatics services market promises a transformative future in biological research and healthcare.

For detailed insights, visit the Bioinformatics Services Market Report.

๐—–๐˜‚๐˜€๐˜๐—ผ๐—บ๐—ถ๐˜‡๐—ฒ ๐—ง๐—ต๐—ถ๐˜€ ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜ ๐—”๐—ฐ๐—ฐ๐—ผ๐—ฟ๐—ฑ๐—ถ๐—ป๐—ด ๐—ง๐—ผ ๐—ฌ๐—ผ๐˜‚๐—ฟ ๐—–๐—ผ๐—ป๐˜ƒ๐—ฒ๐—ป๐—ถ๐—ฒ๐—ป๐—ฐ๐—ฒ: https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/bioinformatics-services-market-109496

๐—–๐—ผ๐—ป๐˜๐—ฎ๐—ฐ๐˜ ๐—จ๐˜€:
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๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ:
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