According to IMARC Group’s latest report, titled “Bioinformatics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global bioinformatics market size reached a value of US$ 9.4 Billion in 2021. Looking forward, IMARC Group expects the bioinformatics market to grow at a CAGR of around 15% during 2022-2027.

Bioinformatics stands for an interdisciplinary field of science that integrates software tools and methodologies for storing, retrieving, and analyzing biological data. It also helps in studying genomic data and biological networks using the principles of biology, mathematics, statistics, and information technology (IT). This scientific field is extensively used in manufacturing molecular medicines, drug development, gene therapy, and forensic analysis of microbes.

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Bioinformatics Market Trends:

Rapid advancements in the biotechnology sector, along with the rising demand for nucleic acid and protein sequencing for proteomics and drug discovery, have catalyzed the market for bioinformatics. Additionally, the increasing deployment of software tools for data accumulation and determination of molecular mechanisms has led to the development of efficient diagnostic tests and treatment methods. Moreover, bioinformatics is also adopted in the agriculture industry to develop efficient methodologies for improving crop productivity. Additionally, several technological advancements in the healthcare sector have led to the inception of artificial intelligence (AI) and big data technology, thereby propelling the market growth. The rising investments in R&D activities, along with the increasing preferences for personalized medicines, are anticipated to bolster the bioinformatics market in the coming years.

Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.

Competitive Landscape with Key Players:

The report has also analysed the competitive landscape of the market with some of the key players.

  • ABM Industries
  • Agilent Technologies
  • Biomax Informatics
  • Data4Cure Inc.
  • Dnaster Inc.
  • Illumina Inc.
  • Life Technologies
  • PerkinElmer Inc.
  • Qiagen N.V.
  • Quest Diagnostics
  • Sophia Genetics SA
  • Thermo Fisher Scientific Inc.
  • Waters Corp
  • WuXi Nextcode Genomics

Key Market Segmentation:

The 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)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)

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Key highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

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