Bioinformatics is anticipated to grow at a CAGR of 12.3% during the forecast period (2023-2030). Bioinformatics software and tools are being used as integrated solutions that provide algorithms and statistical methodologies for data analysis and help integrate data management and analysis for applications such as next-generation sequencing, genomic and proteomic structuring, modelling, and three-dimensional drug designing. The growing adoption of Bioinformatics in the prediction of the three-dimensional structure of biological macromolecules such as proteins, RNA, and DNA is the key factor supporting the growth of the market globally. Additionally, Researchers can now not only benefit from kits and services to make their own studies on RNA structure but also from the databases generated from cell lines and different tissues. Hence, the market players are also focusing on introducing RNA biology and applying new discoveries to advance therapeutic research that further bolsters market growth. For instance, in February 2023, Eclipse Bioinnovations, an RNA genomics company developing and commercializing novel, data-driven technologies that interrogate RNA, launched its eSHAPE™ suite of technologies that enable exploration of RNA secondary structure from RNA samples.
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The global bioinformatics market is segmented on the product & services and application. Based on the product & services, the market is sub-segmented into knowledge management tools, bioinformatics platforms and bioinformatics services. Based on the application, the market is sub-segmented into metabolomics, transcriptomics, proteomics, genomics and others (chemoinformatics). Among the applications, the genomics sub-segment is anticipated to hold a considerable share of the market owing to the rise in development of technologies like next-generation sequencing that allow scientists to study the genetic sequences that comprise the human genome, bioinformatics is also crucial to ensuring the reliability of these scientific results.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Bioinformatics Market by Product & Services
- Knowledge Management Tools
- Bioinformatics Platforms
- Bioinformatics Services
Global Bioinformatics Market by Application
- Metabolomics
- Transcriptomics
- Proteomics
- Genomics
- Others (Chemoinformatics)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Agilent Technologies, Inc.
- Azenta Life Sciences
- BGI Group
- Biomax Informatics AG
- Biomax informatics AG
- DNAnexus Inc.
- DNASTAR, Inc.
- Eagle Genomics
- Eurofins Scientific SE
- Genuity Science
- Illumina Inc.
- NeoGenomics Laboratories, Inc.
- Partek Inc.
- PerkinElmer Genomics
- Qiagen N.V.
- Qlucore Inc.
- Seven Bridges Genomics, Inc.
- SourceBio International PLC
- Water Corp.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global bioinformatics market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
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