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Key Trends Shaping the Future Bioinformatics Market From 2025-2034: Applications Of Bioinformatics In Modern Science
Key Trends Shaping the Future Bioinformatics Market
In the past few years, the size of the bioinformatics market has experienced significant growth. It is projected to increase from its size of $16.54 billion in 2024 and reach $18.62 billion in 2025, indicating a compound annual growth rate (CAGR) of 12.6%. The historical period's growth is linked to advancements in genomic sequencing, expansion of biomedical research, evolution in drug discovery and development, the rise of personalized medicine, and the progress in agriculture and biotechnology.
In the coming years, the bioinformatics market is predicted to witness a significant surge, escalating to $32.76 billion in 2029 with a compound annual growth rate (CAGR) of 15.2%. This projected rise during the forecast period can be credited to the advancement in areas such as omics technologies, artificial intelligence (AI) and machine learning, data integration and cloud computing, biomarker recognition and diagnostics, and interdisciplinary collaboration. The forecast period will also see major trends like the explosion of genomic data, advancement of personalized medicine, machine learning and AI, and the development and discovery of drugs.
What Are the Forces Behind the Rapid Growth of the Bioinformatics Market?
The escalation of the pharmaceutical industry is anticipated to stimulate the expansion of the bioinformatics market moving onward. The pharmaceutical industry comprises the exploration, creation, and manufacture of drugs and medications, managed by both governmental and private organizations. Bioinformatics plays a crucial role in this industry, notably speeding up the process of drug discovery and development, decreasing expenses, and enhancing the effectiveness and safety of drug treatments. For example, the GOV.UK reported in May 2024 that the UK life sciences industry yielded a turnover of £108.1 billion in the financial year 2021/22, representing a 13% increase from the prior year's turnover of £95.9 billion (after adjusting for 2021/22 prices). Hence, the flourishing pharmaceutical industry is propelling the expansion of the bioinformatics market.
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Who Are the Dominant Companies Influencing Bioinformatics Market Trends?
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.
How Is the Bioinformatics Market Evolving?
Leading firms within the bioinformatics market are prioritizing the development of state-of-the-art solutions such as bioinformatics platforms with the aim of magnifying data analysis capabilities, bolstering precision in personalized medicine, and speeding up drug discovery processes. Essentially, a bioinformatics platform is a software package or a comprehensive ensemble of tools devised to facilitate the management, analysis, and understanding of biological data, including genomic, proteomic, and metabolomic insights, essential for research and clinical decision-making. An example of this occurred in February 2024 when Metabolon, Inc., a biotechnology firm based in the US, introduced an integrated bioinformatics platform. This platform includes an all-inclusive set of analytical tools meant to unravel metabolomics research, thereby enabling users to carry out intricate analyses effortlessly. It's distinguished by advanced visualization tools such as volcano plots and principal component analysis (PCA), coupled with the novel biomarker lenses, which offer precise insights into pathways and diseases.
What Are the Different Segmentations in the Bioinformatics Market?
The bioinformatics market covered in this report is segmented -
1) By Products and Services: Knowledge Management Tools, Data Analysis Platforms, Services
2) By Application: Metabolomics, Molecular Phylogenetics, Transcriptomics, Proteomics, Chemoinformatics, Genomics, Other Applications
3) By End Users: Pharmaceutics, Animal Study, Agriculture, Forensic Science, Other End Users
Subsegments:
1) By Knowledge Management Tools: Data Integration Tools, Literature Mining Tools, Data Repositories And Databases, Biological Data Visualization Tools
2) By Data Analysis Platforms: Genomic Data Analysis Platforms, Proteomics Data Analysis Platforms, Transcriptomics Data Analysis Platforms, Metabolomics Data Analysis Platforms
3) By Services: Data Analysis Services, Consulting Services, Software And Platform-As-A-Service (PaaS), Bioinformatics Research And Development Services
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Which Region Is at the Forefront of the Bioinformatics Market?
North America was the largest region in the bioinformatics market in 2023. Western Europe was the second largest region in the bioinformatics market analysis. The regions covered in the bioinformatics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Is Covered In The Bioinformatics Global Market Report?
- Market Size Analysis: Analyze the Bioinformatics Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Bioinformatics Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Bioinformatics Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Bioinformatics Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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