The Bioinformatics Services Global Market Report 2023, provides comprehensive information on the bioinformatics services market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032
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In the realm of Bioinformatics Services, The Business Research Company forecasts significant growth. The market, valued at $3.19 billion in 2022, is set to reach $3.68 billion in 2023, boasting a compelling compound annual growth rate (CAGR) of 15.19%. While the Russia-Ukraine conflict temporarily hindered global economic recovery post-COVID-19, the market’s resilience is evident. Despite economic sanctions and supply chain disruptions, the bioinformatics services market is poised for substantial expansion, projected to attain $6.67 billion by 2027, reflecting a robust CAGR of 16.05%. Stay informed and adapt to evolving market dynamics.
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In the dynamic landscape of the bioinformatics services market, technological advancements take center stage. Leading companies in the sector are leveraging innovative technologies to fortify their market standing. A notable example is Japan-based bitBiome Inc., which, in July 2022, introduced the Enzyme Discovery service. This groundbreaking service harnesses the power of the world’s largest microbial genome database (MMGDB) and proprietary bioinformatics technologies. bitBiome’s cutting-edge technology, bit-MAP, enables comprehensive analysis of microbial single-cell genomes, exploring diverse ecosystems from the human microbiome to environmental bacteria in soil, oceans, and hot springs. The company’s unique bioinformatics and 3D structural modeling capabilities facilitate enzyme discovery, offering optimal sequences sourced from the MMGDB. This exemplifies the industry’s commitment to pushing the boundaries of innovation in bioinformatics services
The bioinformatics services market is segmented:
1) By Service: Sequencing Services, Data Analysis, Drug Discovery Services, Differential Gene Expression Analysis, Database And Management Services, Other Services
2) By Specialty: Medical Biotechnology, Animal Biotechnology, Plant Biotechnology, Environmental Biotechnology, Forensic Biotechnology
3) By Application: Genomics, Chemoinformatics And Drug Design, Proteomics, Transcriptomics, Metabolomics, Other Applications
4) By End User: Academic Institute And Research Centers, Hospital And Clinics, Pharmaceutical And Biotechnology Companies, CROs, Other End Users
North America was the largest region in the bioinformatics services market in 2022
Top 5 Major Key Players Are:
Thermo Fisher Scientific Inc
QIAGEN Digital Insights
Illumina Inc
DNAnexus Inc
PerkinElmer Inc
Table Of Contents
1. Executive Summary
2. Bioinformatics Services Market Characteristics
3. Bioinformatics Services Market Trends And Strategies
4. Bioinformatics Services Market – Macro Economic Scenario
5. Bioinformatics Services Market Size And Growth
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26. Africa Bioinformatics Services Market
27. Bioinformatics Services Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Bioinformatics Services Market
29. Bioinformatics Services Market Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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