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Emerging Trends Influencing The Growth Of The Bioinformatics Market: Applications Of Bioinformatics In Modern Science
Bioinformatics Market
How Big Is the Bioinformatics Market Size Expected to Be by 2034?
The bioinformatics market has expanded rapidly, growing from $16.54 billion in 2024 to $18.62 billion in 2025 at a CAGR of 12.6%, supported by advancements in genomic technologies, growth in biomedical research, pharmaceutical innovation, personalized healthcare, and agricultural biotech developments.
The bioinformatics market is expected to see rapid growth over the next few years. It will reach $32.76 billion by 2029, growing at a compound annual growth rate (CAGR) of 15.2%. The growth is supported by advancements in omics technologies, artificial intelligence, data integration, and interdisciplinary collaboration. Major trends include personalized medicine, drug discovery, and the integration of machine learning.
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What Are the Emerging Segments Within 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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What Long-Term Drivers Are Shaping Bioinformatics Market Trends?
The growing pharmaceutical sector is set to propel the bioinformatics market. The industry plays a crucial role in drug discovery and development, where bioinformatics is used to enhance speed, reduce expenses, and improve outcomes. For example, GOV.UK reported in May 2024 that the UK life sciences industry reached £108.1 billion in turnover in 2021/22, up from £95.9 billion the prior year. This growth supports an expanding need for bioinformatics solutions.
Who Are the Top Competitors in Key Bioinformatics Market Segments?
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.
What Bioinformatics Market Trends Are Gaining Traction Across Different Segments?
Companies in the bioinformatics market are advancing bioinformatics platforms to improve data analysis capabilities, precision in personalized medicine, and speed up drug discovery. Bioinformatics platforms are software tools that manage and analyze biological data, aiding research and clinical decisions. For example, in February 2024, Metabolon, Inc. launched an integrated bioinformatics platform that helps streamline metabolomics research, featuring advanced analytical tools like volcano plots and principal component analysis (PCA) for in-depth analysis.
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Which Regions Are Becoming Hubs for Bioinformatics Market Innovation?
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
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Bioinformatics Market?
2. What is the CAGR expected in the Bioinformatics Market?
3. What Are the Key Innovations Transforming the Bioinformatics Industry?
4. Which Region Is Leading the Bioinformatics Market?
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