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Bioinformatics Market Size, Share & Trends Analysis - Global opportunity analysis and industry forecast 2030

Bioinformatics Market Size, Share & Trends Analysis - Global opportunity...

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Bioinformatics Market Size, Share & Trends Analysis - Global opportunity analysis and industry forecast 2030
Bioinformatics Market Size, Share &...
Report Code
RO13/107/1319

Publish Date
23/Jan/2022

Pages
200
PRICE
$ 4950/-
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The global bioinformatics market size was US$ 9.1 billion in 2021. The global bioinformatics market is forecast to grow to US$ 19.4 billion by 2030, registering a compound annual growth rate (CAGR) of 14.5% during the forecast period from 2022 to 2030. 

Factors Influencing the Market

  • The rising healthcare expenditure and growing spending on healthcare is forecast to fuel the growth of the bioinformatics market in the coming years. 
  • Growing government initiatives to increase R&D activities will boost the development of novel drugs. As a result, it will accelerate the growth of the global bioinformatics market during the study period. 
  • Major IT centers are focusing on introducing novel bioinformatics technology for various applications. As a result, it will contribute to the market growth during the forecast period. 
  • During the projected period, the shortage of skilled laborers may limit the growth of the global bioinformatics market. On the contrary, the rising penetration of novel technologies in the healthcare segment will surge the market growth in the coming years. 
  • The growing prevalence of diseases and increasing geriatric population will benefit the global bioinformatics market. 

Impact of COVID-19 on Bioinformatics Market

Due to the COVID-19 pandemic, the global bioinformatics market has witnessed significant growth. As a result, it offered ample growth opportunities for the global bioinformatics market growth. 

Due to this national emergency, governments around the world started focusing on the healthcare segment. In addition, the rising burden on the healthcare segment increased the demand for prominent technology and novel drugs. Thus, it surged the growth of the bioinformatics market due to the pandemic. 

Regional Analysis

Of all the regions, North America is forecast to hold the highest market share in the global bioinformatics market. The growth of this market is attributed to the rising penetration of advanced technology and high healthcare expenditure. In addition, the rising prevalence of diseases is driving the regional market forward. In addition, increasing research and development activities and favorable government policies will benefit the entire bioinformatics industry in the future. 

Competitors in the Market

  • Agilent Technologies
  • Beijing Genomics Institute
  • Biomax Informatics AG
  • Bruker Daltonics, Inc.
  • Eurofins Scientific
  • Geneva Bioinformatics
  • IBM Life Sciences
  • Illumina
  • Life Technologies Corporation
  • Perkinelmer, Inc.
  • Qiagen Bioinformatics
  • Quest Diagnostics, Inc.
  • Rosetta Biosoftware
  • SA Nonlinear Dynamics
  • Thermo Fisher Scientific
  • Other Prominent Players

Market Segmentation

The global bioinformatics market segmentation focuses on Product and Services, Application, Sector, and Region. 

By Product & Services

  • Knowledge Management Tools
  • Bioinformatics Platforms
  • Bioinformatics Services

By Application

  • Genomics
  • Chemoinformatics & Drug Design
  • Proteomics
  • Transcriptomics
  • Metabolomics
  • Other Applications

By Sector

  • Medical Biotechnology
  • Animal Biotechnology
  • Plant Biotechnology
  • Environmental Biotechnology
  • Forensic Biotechnology
  • Other Sectors

By Region

  • North America
  • The U.S.
  • Canada
  • Mexico
  • Europe
  • Western Europe
  • The UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Western Europe
  • Eastern Europe
  • Poland
  • Russia
  • Rest of Eastern Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • Australia & New Zealand
  • ASEAN
  • Rest of Asia Pacific
  • Middle East & Africa (MEA)
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA
  • South America
  • Brazil
  • Argentina
  • Rest of South America

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