Bioinformatics Market Poised for Strong Growth Driven by Personalized Medicine and Genomic Advancements

The global bioinformatics market size was USD 10.80 Billion in 2022 and is expected to register a revenue CAGR of 13.4% during the forecast period. The global bioinformatics market is set for significant expansion, driven by its growing role in personalized medicine, agricultural biotechnology, and genomics research. Bioinformatics, which uses computer-based tools to analyze biological data, is becoming indispensable in drug discovery, disease diagnosis, and genetic research. Key software like Bioclipse, AutoDock, and BEDtools are enhancing efficiency in biomarker discovery, toxicity detection, and drug development.

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Key Market Drivers

Rising Demand in Healthcare & Drug Development:
Bioinformatics accelerates drug discovery by enabling multi-omics analysis (genomics, proteomics, etc.), helping researchers identify drug targets faster. Companies like Velsera are advancing platforms like Seven Bridges, which integrates AI to streamline clinical trials and drug development.

Expanding Genomics Research:
With the cost of genetic sequencing declining, genomics applications-such as cancer research, personalized medicine, and pharmacogenomics-are boosting demand for bioinformatics tools. These tools help interpret vast genomic datasets, improving disease understanding and treatment customization.

Post-Pandemic Growth:
The COVID-19 pandemic highlighted the importance of bioinformatics in managing biological data, from vaccine development to tracking virus mutations. The market continues to benefit from increased R&D investments in life sciences.

Challenges Restraining Growth

Despite its potential, the market faces hurdles:

High Costs: Advanced genomic tools can cost $10-$20 million, limiting access for small research institutions.

Skill Shortage: Handling complex bioinformatics data requires specialized expertise, creating a talent gap.

Segment Highlights

Bio Content Management Dominates: This segment led the market in 2022, driven by the need for efficient genomic data storage and sharing. Collaborations like ATCC and Qiagen's genomic database aim to accelerate drug discovery.

Cheminformatics & Drug Design Growing Fast: Bioinformatics is reducing drug development costs and time-to-market, making it vital for pharmaceutical innovation.

Bioinformatics Market Top Companies and Competitive Landscape

The global bioinformatics market is fragmented, with large and medium-sized players accounting for the majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective bioinformatics.

Some of the major companies included in the global bioinformatics market report are:

Thermo Fisher Scientific

Eurofin Scientific

QIAGEN N.V.

Agilent Technologies, Inc

Illumina, Inc

Waters Corporation

DNASTAR

NeoGenomics Laboratories

Perkin Elmer, Inc

BGI Group

Fios Genomics

SOPHIA Genetics

DNAnexus

Biomax Informatics AG

LatchBio

CytoScan

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Bioinformatics Market Latest Industry Updates

Oct 27 October 2022, Thermo Fisher Scientific came into partnership with Genoox, a company that offers sophisticated, end-to-end genomic analysis tools and provides quick, accurate solutions to difficult genetic data challenges. The collaboration seeks to use AI to automatically analyze and report cytogenetic research findings. With the introduction of the CytoScan Automated Interpretation and Reporting (AIR) service for cytogenetic research data analysis, ChAS users now have access to Franklin, Genoox's cloud-based AI platform.

On 27 June 2022, LatchBio, a biotechnology research startup in California, developed an end-to-end bioinformatics platform for managing large amounts of biotech data to speed up scientific research and enhance efficiency.

Key insights presented in the report:

Market revenue shares by major business players, by type, by application, and market scope of global Bioinformatics market

Sales revenue by key players and new entrants

Competitive analysis of key players, including aspects such as company overview, product or services specification, vendors, and buyers

Recent mergers, acquisitions, product launches, recent investments, and joint ventures

Regional analysis to provide insight into recent trends and opportunities

Bioinformatics Market Segmentation Analysis

For the purpose of this report, Emergen Research has segmented the global bioinformatics market on the basis of solution, sector, application, and region:

Solution Outlook (Revenue, USD Billion; 2019-2032)

Platform

Sequence Analysis Platforms

Sequence Manufacturing Platforms

Sequence Alignment Platforms

Services

Sequencing

Database Management

Data Analysis

Other

Bio Content Management

Generalized Bio content

Specialized Bio content

Sector Outlook (Revenue, USD Billion; 2019-2032)

Medical Biotechnology

Animal Biotechnology

Environmental Biotechnology

Plant Biotechnology

Others

Application Outlook (Revenue, USD Billion; 2019-2032)

Genomics

Molecular Phylogenetics

Metabolomics

Proteomics

Transcriptomics

Cheminformatics and drug designing

Others

Detailed Regional Analysis covers:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Benefits of Buying the Global Bioinformatics Report:

Comprehensive analysis of the changing competitive landscape

Assists in decision making processes for the businesses along with detailed strategic planning methodologies

The report offers an 8-year forecast and assessment of the Global Bioinformatics Market

Helps in understanding the key product segments and their estimated growth rate

In-depth analysis of market drivers, restraints, trends, and opportunities

Comprehensive regional analysis of the Global Bioinformatics Market

Extensive profiling of the key stakeholders of the business sphere

Detailed analysis of the factors influencing the growth of the Global Bioinformatics Market

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