Press release
Bioinformatics Services Market Poised to Reach USD 16,297.10 million by 2034, Growing at an 15.7% CAGR
Bioinformatics Services Market
According to Polaris Market Research analysis, the global bioinformatics services market was valued at USD 3,816.17 million in 2024. It is projected to reach USD 16,297.10 million by 2034, exhibiting a compound annual growth rate (CAGR) of 15.7% from 2025-2034.
Market Overview
Bioinformatics services encompass a broad gamut of computational procedures, algorithms, and instruments that ease the analysis, handling, and translation of biological computer science. Bioinformatics plays an important part in today's data-driven world in the context of several industries such as pharmaceutical, healthcare, and biotechnology. It is a fast-evolving field as the volume of data management in bioinformatics is growing excessively.
Bioinformatics services are utilized to explore an assortment of biological data involving protein structures, DNA sequences, and gene editing data. Components of these services include data management, which helps businesses in assembling, stockpiling, and recovering massive quantities of biological data. Data analysis services offer sophisticated algorithms and instruments for data analysis and also permit businesses to detect motifs, associations, and relevant perspectives.
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Market Growth Drivers
Growing Demand for Customized Medicines: Customized medicine depends on genomic sequencing and bioinformatics instruments to inspect genetic differences, sanctioning earmarked therapies, and accuracy treatments. Bioinformatics services ease extensive genomic data processing, reinforcing biomarker detection, pharmacogenomics, and disease probability evaluation as progressions in genomics persist in changing healthcare and illness handling, propelling the bioinformatics services market forward.
Advancements in Genomic Sequencing: Bioinformatics market trends highlight that the next-generation sequencing (NGS) and third-generation sequencing practices create huge quantities of intricate biological data demanding progressive bioinformatics instruments for progressive data processing and translation. These technologies permit thorough genomic studies, easing advances in customized medicines, disease detection, and evolutionary biology. For instance, in May 2024, QIAGEN instigated QCI Secondary Analysis, a cloud-based SaaS solution for fast processing secondary investigation of clinical NGS data.
Competitive Insights
The top leaders operating in the market have demonstrated their strengths through service quality, innovation, and a strong market presence. Some of the prominent players operating in the market include:
• BaseClear BV
• BGI Group
• CD Genomics.
• Eurofins Scientific
• Fios Genomics
• Genewiz
• Illumina
• Medgenome Labs
• Microsynth
• Neogenomics
• Perkinelmer
• Psomagen, Inc.
• Qiagen N.V.
• Source Bioscience
• Thermo Fisher Scientific
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Bioinformatics Services Market Report Highlights
📚 In terms of specialty, the medical biotechnology segment led the bioinformatics services market in 2024, fueled by its pivotal role in advancing precision medicine, drug discovery, and disease diagnostics.
📚 Based on end user, the academic institutes & research centers segment is anticipated to experience the fastest growth due to the rising focus on genomics, molecular biology, and computational biology research.
📚 North America accounted for the largest share of the global market in 2024, supported by the presence of robust biotechnology and pharmaceutical sectors and significant investments in life sciences research.
📚 The Asia Pacific bioinformatics services market is expected to witness the fastest growth during the forecast period, propelled by increasing biotechnology investments, expanding genomic research, and rising demand for personalized medicine.
Regional Overview
The bioinformatics services market provides a diverse geographical landscape, with several areas exhibiting unique market characteristics. North America held the largest share of the market in 2024 due to its entrenched biotechnology and pharmaceutical industries, along with significant funding in life sciences research.
Asia Pacific is projected to witness the fastest growth during the projection period due to growing funding in biotechnology, augmenting genomic research enterprises, and a growing demand for customized medicines. The region's evolving healthcare and life sciences sectors, especially in nations such as China, Japan, and India, are pushing the market ahead.
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Market Segmentation
Bioinformatics Services Market, Type Outlook (Revenue - USD Million, 2020-2034)
• Sequencing Services
• Data Analysis
• Drug Discovery Services
• Differential Gene Expression Analysis
• Database and Management Services
• Other Bioinformatics Services
Bioinformatics Services Market, Application Outlook (Revenue - USD Million, 2020-2034)
• Genomics
• Chemo Informatics & Drug Design
• Proteomics
• Transcriptomic
• Metabolomics
• Other Applications
Bioinformatics Services Market, Specialty Outlook (Revenue - USD Million, 2020-2034)
• Medical Biotechnology
• Animal Biotechnology
• Plant Biotechnology
• Environmental Biotechnology
• Forensic Biotechnology
Bioinformatics Services Market, End User Outlook (Revenue - USD Million, 2020-2034)
• Academic Institutes & Research Centers
• Hospitals & Clinics
• Pharmaceutical & Biotechnology Companies
• CROs
• Other End Users
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