Bioinformatics Market
Bioinformatics Market Forecasts to 2028 – Global Analysis By Application (Transcriptomics, RNA Sequencing, Proteomics), End User (Industrial Research, Institutional and Academic Research), and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2021) |
US $10.88 BN |
|
Projected Year Value (2028) |
US $33.04 BN |
|
CAGR (2021 - 2028) |
17.2% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Europe |
According to Stratistics MRC, the Global Bioinformatics Market is accounted for $10.88 billion in 2021 and is expected to reach $33.04 billion by 2028 growing at a CAGR of 17.2% during the forecast period. Bioinformatics is a combination of biology and information technology, which links biological data with techniques for information storage, distribution, and analysis to support multiple areas of scientific research, including biomedicine.
Market Dynamics:
Driver:
Increasing bioinformatics funding
Many government and private companies are increasingly investing in the field of bioinformatics to enable high-quality solutions and services through data and the latest technologies. These investments have largely resulted in data and technological advancements in bioinformatics services, which, in turn, have improved the quality of these services. Also, many countries are investing in their national population sequencing programs to understand the link between genetics and diseases. Government organizations are sequencing the genomes of millions of citizens to advance research and help develop better ways to diagnose and treat diseases.
Restraint:
High costs
There is a rising demand for user-friendly, fast, and accurate bioinformatics tools with the advancement of sophisticated NGS technology. As a result, providing user-friendly tools for using bioinformatics platforms is crucial. Because of the lack of a user-friendly interface, many bioinformatics applications require advanced computer abilities. Pharmaceutical businesses and research institutions spend a lot of money on various genomic equipment since they need so many of them. Small and medium-sized pharmaceutical businesses and research facilities are unable to make such large investments in various genomics equipment due to financial constraints.
Opportunity:
Evolution of big data technology
Big data technology has risen to importance in every industry, with a slew of government and private companies using it to boost their bottom lines. This technology is rapidly evolving, allowing for precise predictive analysis. This advancement in big data is fueling the rise of bioinformatics as it allows for a closer examination of current medical issues and the development of new approaches for better treatment.
Threat:
Patient data confidentiality concerns
The advancements in next-generation sequencing technologies are generated a huge volume of biological data, and the growth of this data volume is increasing with the growing adoption of NGS. Data analysis is needed, as a lot of information is still unexplored in genome analysis. Therefore, data that remains after bioinformatics analysis carries huge importance and can be reused. The current solutions do not adequately solve the challenges of data management in bioinformatics.
The bioinformatics content/knowledge management tools segment is expected to be the largest during the forecast period
The bioinformatics content/knowledge management tools segment is estimated to have a lucrative growth as researchers utilize knowledge management technologies to deal with vast amounts of diverse data. This data comprises both experimental data and data acquired from publicly available repositories.
The metabolomics segment is expected to have the highest CAGR during the forecast period
The metabolomics segment is anticipated to witness the fastest CAGR growth during the forecast period as metabolomics is the study of all or a large number of biological metabolites on a global scale. Metabolomics generates a lot of data. Handling, processing, and analyzing this data is a significant undertaking that necessitates the use of sophisticated mathematical, statistical, and bioinformatics software.
Region with highest share:
North America is projected to hold the largest market share during the forecast period due to the government funding for genetic research, the availability of prominent bioinformatics providers, decreasing sequencing prices, improved awareness of bioinformatics services, and a rise in the number of genomic research activities.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period owing to social distancing measures taken by several governments across the globe, and a large number of healthcare investments in the European region. There is also immense research and work going on aimed at developing the vaccines, and these R&D workflows utilize sequencing technologies extensively.
Key players in the market
Some of the key players profiled in the Bioinformatics Market include Waters Corporation, Thermo Fisher Scientific, Inc., Seven Bridges Genomics Inc., Quest Diagnostics, Inc., QIAGEN N.V., Perkin Elmer, Inc., NeoGenomics Laboratories, Illumina, Inc., GENEWIZ, Geneva Bioinformatics, Genedata AG, Eurofins Scientific, DNASTAR, BGI Group, and Agilent Technologies, Inc.
Key Developments:
In June 2021, Agilent Technologies Inc. launched SureSelect Human All Exon V8, a new exome design that provides comprehensive content and up-to-date coverage of protein-coding regions from RefSeq, CCDS, and GENCODE.
In Dec 2020, Eurofins Genomics launches an optimised, cost-effective, SARS-CoV-2, next-generation sequencing service providing full length viral genome sequences. The new NGS service and ARTIC NGS oligo kit are Eurofins’ latest additions to a comprehensive product portfolio to support researchers globally in the development of vaccines and in their fight against the COVID-19 pandemic.
Product & Services Covered:
• Bioinformatics Services
• Bioinformatics Content/Knowledge Management Tools
• Bioinformatics Platforms
Applications Covered:
• Transcriptomics
• RNA Sequencing
• Proteomics
• Molecular Phylogenetics
• Microbial Genomics
• Metabolomics
• Chromosomal Mapping & DNA Sequencing
• Chemoinformatics & Drug Design
End Users Covered:
• Industrial Research
• Institutional and Academic Research
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Bioinformatics Market, By Product & Services
5.1 Introduction
5.2 Bioinformatics Services
5.2.1 Differential Gene Expression Analysis Services
5.2.2 Sequencing Services
5.2.3 Database Management Services
5.2.4 Data Analysis Services
5.3 Bioinformatics Content/Knowledge Management Tools
5.3.1 Specialized Knowledge Management Tools
5.3.2 Generalized Knowledge Management Tools
5.4 Bioinformatics Platforms
5.4.1 Surgical Stimulators
5.4.2 Sequence Manipulation Platforms
5.4.3 Data Analysis Platforms
5.4.4 Sequence Analysis Platforms
5.4.5 Structural & Functional Analysis Platforms
5.4.6 Sequence Alignment Platforms
6 Global Bioinformatics Market, By Application
6.1 Introduction
6.2 Transcriptomics
6.3 RNA Sequencing
6.4 Proteomics
6.5 Molecular Phylogenetics
6.6 Microbial Genomics
6.7 Metabolomics
6.8 Chromosomal Mapping & DNA Sequencing
6.9 Chemoinformatics & Drug Design
7 Global Bioinformatics Market, By End User
7.1 Introduction
7.2 Industrial Research
7.2.1 Plant & Agricultural Biotechnology
7.2.1.1 Pest Resistance
7.2.1.2 Nutritional Quality Improvement
7.2.1.3 Improvement of Plant Resistance
7.2.1.4 Crop Yield Improvement
7.2.1.5 Biodiversity Informatics
7.2.2 Environmental Biotechnology
7.2.2.1 Waste Clean-Up/Bioremediation
7.2.2.2 Climate Change Studies
7.2.2.3 Alternative Energy Sources
7.2.3 Forensic Biotechnology
7.2.4 Animal Biotechnology
7.2.5 Medical Biotechnology
7.2.5.1 Clinical Diagnostics
7.2.5.2 Drug Discovery & Development
7.2.5.3 Molecular Medicine
7.2.5.3.1 Preventive Medicine
7.2.5.3.2 Personalized Medicine
7.2.5.4 Reproductive Biotechnology
7.2.5.5 Gene Therapy/Gene Engineering
7.3 Institutional and Academic Research
8 Global Bioinformatics Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Waters Corporation
10.2 Thermo Fisher Scientific, Inc.
10.3 Seven Bridges Genomics Inc.
10.4 Quest Diagnostics, Inc.
10.5 QIAGEN N.V.
10.6 Perkin Elmer, Inc.
10.7 NeoGenomics Laboratories
10.8 Illumina, Inc.
10.9 GENEWIZ
10.10 Geneva Bioinformatics
10.11 Genedata AG
10.12 Eurofins Scientific
10.13 DNASTAR
10.14 BGI Group
10.15 Agilent Technologies, Inc.
List of Tables
1 Global Bioinformatics Market Outlook, By Region (2020-2028) ($MN)
2 Global Bioinformatics Market Outlook, By Product & Services (2020-2028) ($MN)
3 Global Bioinformatics Market Outlook, By Bioinformatics Services (2020-2028) ($MN)
4 Global Bioinformatics Market Outlook, By Differential Gene Expression Analysis Services (2020-2028) ($MN)
5 Global Bioinformatics Market Outlook, By Sequencing Services (2020-2028) ($MN)
6 Global Bioinformatics Market Outlook, By Database Management Services (2020-2028) ($MN)
7 Global Bioinformatics Market Outlook, By Data Analysis Services (2020-2028) ($MN)
8 Global Bioinformatics Market Outlook, By Bioinformatics Content/Knowledge Management Tools (2020-2028) ($MN)
9 Global Bioinformatics Market Outlook, By Specialized Knowledge Management Tools (2020-2028) ($MN)
10 Global Bioinformatics Market Outlook, By Generalized Knowledge Management Tools (2020-2028) ($MN)
11 Global Bioinformatics Market Outlook, By Bioinformatics Platforms (2020-2028) ($MN)
12 Global Bioinformatics Market Outlook, By Surgical Stimulators (2020-2028) ($MN)
13 Global Bioinformatics Market Outlook, By Sequence Manipulation Platforms (2020-2028) ($MN)
14 Global Bioinformatics Market Outlook, By Data Analysis Platforms (2020-2028) ($MN)
15 Global Bioinformatics Market Outlook, By Sequence Analysis Platforms (2020-2028) ($MN)
16 Global Bioinformatics Market Outlook, By Structural & Functional Analysis Platforms (2020-2028) ($MN)
17 Global Bioinformatics Market Outlook, By Sequence Alignment Platforms (2020-2028) ($MN)
18 Global Bioinformatics Market Outlook, By Application (2020-2028) ($MN)
19 Global Bioinformatics Market Outlook, By Transcriptomics (2020-2028) ($MN)
20 Global Bioinformatics Market Outlook, By RNA Sequencing (2020-2028) ($MN)
21 Global Bioinformatics Market Outlook, By Proteomics (2020-2028) ($MN)
22 Global Bioinformatics Market Outlook, By Molecular Phylogenetics (2020-2028) ($MN)
23 Global Bioinformatics Market Outlook, By Microbial Genomics (2020-2028) ($MN)
24 Global Bioinformatics Market Outlook, By Metabolomics (2020-2028) ($MN)
25 Global Bioinformatics Market Outlook, By Chromosomal Mapping & DNA Sequencing (2020-2028) ($MN)
26 Global Bioinformatics Market Outlook, By Chemoinformatics & Drug Design (2020-2028) ($MN)
27 Global Bioinformatics Market Outlook, By End User (2020-2028) ($MN)
28 Global Bioinformatics Market Outlook, By Industrial Research (2020-2028) ($MN)
29 Global Bioinformatics Market Outlook, By Plant & Agricultural Biotechnology (2020-2028) ($MN)
30 Global Bioinformatics Market Outlook, By Environmental Biotechnology (2020-2028) ($MN)
31 Global Bioinformatics Market Outlook, By Forensic Biotechnology (2020-2028) ($MN)
32 Global Bioinformatics Market Outlook, By Animal Biotechnology (2020-2028) ($MN)
33 Global Bioinformatics Market Outlook, By Medical Biotechnology (2020-2028) ($MN)
34 Global Bioinformatics Market Outlook, By Institutional and Academic Research (2020-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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