Bioinformatics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview:
The global bioinformatics market size reached US$ 10.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 23.8 Billion by 2028, exhibiting a growth rate (CAGR) of 14.3% during 2023-2028.
Bioinformatics refers to an interdisciplinary scientific field that develops various methods and software tools for analyzing and interpreting biological data. It combines the principles of biology, mathematics, statistics and information technology (IT) to research genomic data and biological networks. It also integrates various tools for information storage, distribution and analysis to facilitate scientific research, along with various software programs for the management, creation, warehousing and mining of data. Owing to this, bioinformatics finds extensive applications in the field of molecular medicines, preventive medicines, drug development, gene therapy and forensic analysis of microbes.
The global market is primarily being driven by the significant advancements in the field of biotechnology. In line with this, the increasing demand for nucleic acid and protein sequencing for proteomics and drug discovery is contributing to the market growth. The collected data and information assists in understanding the nature of molecular mechanisms of diseases, thereby aiding in the development of more efficient diagnostic tests and treatment methods. Furthermore, widespread adoption of bioinformatics in the agriculture sector is also providing a boost to the market growth. The technology is used to study the genetic, proteomic, metabolomic and phenome information of the seeds, which is utilized for developing techniques for improving crop productivity. Additionally, various technological advancements, such as the integration of artificial intelligence (AI) and big data technology in the healthcare sector, is also driving the demand for this technology. Other factors, including the increasing investments by IT companies for the development of bioinformatics solutions, along with the rising preference for personalized medicines across the globe, are projected to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global bioinformatics market report, along with forecasts at the global, regional and country levels from 2023-2028. Our report has categorized the market based on product and service, application and end-use sector.
Breakup by Product and Service:
Knowledge Management Tools
Generalized Knowledge Management Tools
Specialized Knowledge Management Tools
Bioinformatics Platforms
Surgical Simulation Platforms
Sequence Analysis, Alignment and Manipulation Platforms
Structural and Functional Analysis Platforms
Others
Bioinformatics Services
Data Analysis Services
Database Management Services
Others
Breakup by Application:
Genomics
Chemoinformatics and Drug Design
Proteomics
Transcriptomics
Metabolomics
Others
Breakup by End-Use Sector:
Medical Biotechnology
Academics
Animal Biotechnology
Agricultural Biotechnology
Environmental Biotechnology
Forensic Biotechnology
Others
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being ABM Industries, Agilent Technologies, Biomax Informatics, Data4Cure Inc., Dnastar Inc., Illumina Inc., Life Technologies, PerkinElmer Inc., Qiagen N.V., Quest Diagnostics, Sophia Genetics SA, Thermo Fisher Scientific Inc., Waters Corp, WuXi Nextcode Genomics, etc.
Key Questions Answered in This Report
1. What is the global bioinformatics market growth?
2. What are the global bioinformatics market drivers?
3. What are the key industry trends in the global bioinformatics market?
4. What is the impact of COVID-19 on the global bioinformatics market?
5. What is the global bioinformatics market breakup by product and service?
6. What are the major regions in the global bioinformatics market?
7. Who are the key companies/players in the global bioinformatics market?
- 1 Preface
- 2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
- 5 Global Bioinformatics Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
- 6 Market Breakup by Product and Service
- 6.1 Knowledge Management Tools
- 6.1.1 Market Trends
- 6.1.2 Major Types
- 6.1.2.1 Generalized Knowledge Management Tools
- 6.1.2.2 Specialized Knowledge Management Tools
- 6.1.3 Market Forecast
- 6.2 Bioinformatics Platforms
- 6.2.1 Market Trends
- 6.2.2 Major Types
- 6.2.2.1 Surgical Simulation Platforms
- 6.2.2.2 Sequence Analysis, Alignment and Manipulation Platforms
- 6.2.2.3 Structural and Functional Analysis Platforms
- 6.2.2.4 Others
- 6.2.3 Market Forecast
- 6.3 Bioinformatics Services
- 6.3.1 Market Trends
- 6.3.2 Major Types
- 6.3.2.1 Data Analysis Services
- 6.3.2.2 Database Management Services
- 6.3.2.3 Others
- 6.3.3 Market Forecast
- 7 Market Breakup by Application
- 7.1 Genomics
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Chemoinformatics and Drug Design
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Proteomics
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Transcriptomics
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Metabolomics
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
- 7.6 Other Applications
- 7.6.1 Market Trends
- 7.6.2 Market Forecast
- 8 Market Breakup by End-Use Sector
- 8.1 Medical Biotechnology
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Academics
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Animal Biotechnology
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Agricultural Biotechnology
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Environmental Biotechnology
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
- 8.6 Forensic Biotechnology
- 8.6.1 Market Trends
- 8.6.2 Market Forecast
- 8.7 Others
- 8.7.1 Market Trends
- 8.7.2 Market Forecast
- 9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.2 Asia Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
- 10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
- 11 Value Chain Analysis
- 12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
- 13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profiles of Key Players
- 13.3.1 ABM Industries
- 13.3.1.1 Company Overview
- 13.3.1.2 Product Portfolio
- 13.3.1.3 Financials
- 13.3.1.4 SWOT Analysis
- 13.3.2 Agilent Technologies
- 13.3.2.1 Company Overview
- 13.3.2.2 Product Portfolio
- 13.3.3 Biomax Informatics
- 13.3.3.1 Company Overview
- 13.3.3.2 Product Portfolio
- 13.3.3.3 Financials
- 13.3.4 Data4cure Inc.
- 13.3.4.1 Company Overview
- 13.3.4.2 Product Portfolio
- 13.3.5 Dnastar Inc.
- 13.3.5.1 Company Overview
- 13.3.5.2 Product Portfolio
- 13.3.6 Illumina Inc.
- 13.3.6.1 Company Overview
- 13.3.6.2 Product Portfolio
- 13.3.6.3 Financials
- 13.3.6.4 SWOT Analysis
- 13.3.7 Life Technologies
- 13.3.7.1 Company Overview
- 13.3.7.2 Product Portfolio
- 13.3.8 Perkinelmer Inc.
- 13.3.8.1 Company Overview
- 13.3.8.2 Product Portfolio
- 13.3.8.3 Financials
- 13.3.8.4 SWOT Analysis
- 13.3.9 Qiagen N.V.
- 13.3.9.1 Company Overview
- 13.3.9.2 Product Portfolio
- 13.3.9.3 Financials
- 13.3.10 Quest Diagnostics
- 13.3.10.1 Company Overview
- 13.3.10.2 Product Portfolio
- 13.3.10.3 Financials
- 13.3.10.4 SWOT Analysis
- 13.3.11 Sophia Genetics SA
- 13.3.11.1 Company Overview
- 13.3.11.2 Product Portfolio
- 13.3.12 Thermo Fisher Scientific Inc.
- 13.3.12.1 Company Overview
- 13.3.12.2 Product Portfolio
- 13.3.12.3 Financials
- 13.3.12.4 SWOT Analysis
- 13.3.13 Waters Corporation
- 13.3.13.1 Company Overview
- 13.3.13.2 Product Portfolio
- 13.3.13.3 Financials
- 13.3.13.4 SWOT Analysis
- 13.3.14 WuXi Nextcode Genomics
- 13.3.14.1 Company Overview
- 13.3.14.2 Product Portfolio
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