The size of the global bioinformatics market was estimated at USD 10.2 billion in 2022 and is projected to grow at a CAGR of 13.02% to reach USD 24.03 billion by 2029.
The multidisciplinary area of bioinformatics combines computer science with biology to study, create, and use computational tools. Big biological data sets are processed and managed using this method. Its main goal is to use computational tools and algorithms to better comprehend genetic variants, molecular interactions, and complicated biological processes. Biological data combined with computer methods have transformed many fields of study, such as drug development, proteomics, systems biology, and genomics.
Bioinformatics Market Report Scope and Research Methodology
The global Bioinformatics Market is the subject of a recent report from Maximize Market Research. The report offers a thorough overview of the market, including trends in the industry (global and regional) and historical performance of the Bioinformatics market. It is based on substantial primary and secondary research. A thorough study of the Bioinformatics market, including market size, growth forecasts, trends, and complete future roadmaps, is provided in the Bioinformatics market report. In order to fully portray the competitive environment of the worldwide market, it also provides strategic profiling of important Bioinformatics market players.
A thorough analysis of the market competitive landscape, major players, brands, and new product releases in the Bioinformatics industry is included in this study, along with information on acquisitions, mergers, and joint ventures. Additionally, it offers details on market dynamics, drivers, capacity, and industry trends and changes, assisting Bioinformatics industry specialists in staying current with the most recent advancements and sector performance. The market share growth between 2022 and 2029 is also forecasted in the report.
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The primary aim of the study is to present a thorough examination of the Bioinformatics market, incorporating perceptive viewpoints, particulars, and industry-verified statistics. By recording and projecting data for different end-user sectors and their applications into the future, the MMR analyst was able to determine the size of the worldwide Bioinformatics market using a bottom-up methodology.
Bioinformatics Market Regional Insights
The study is divided into many important nations and provides information on the size, growth rate, import and export of the Bioinformatics market in each of these nations. The following nations and regions are included in the report:
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina, Columbia and Rest of South America)
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Bioinformatics Market Segmentation
The bioinformatics platform category held the highest share of the bioinformatics market in 2022, based on products and services. Bioinformatics, a cutting-edge applied science that is essential to today's biological studies, is the use of computer technology to the comprehension and efficient use of biological data. One emerging trend for the segment's growth is the growing need for new instruments to improve medication development. It is anticipated that a rise in platform usage will enhance the requirement for structural identification and modification from the life science company. This modification aids in the process of developing new drugs and assessing their potential therapeutic benefits.
by Product and Services
Knowledge Management Tools
Bioinformatics Platforms
Bioinformatics Services
by Application
Metabolomics
Molecular Phylogenetics
Transcriptomics
Proteomics
Chemoinformatics
Genomics
Others
Bioinformatics Market Key Players
1. Thermo Fisher Scientific Inc.
2. Eurofins Scientific
3. QIAGEN N.V.
4. Agilent Technologies Inc.
5. Illumina Inc.
6. Waters Corporation
7. NeoGenomics Laboratories
8. Perkin Elmer Inc.
9. Fios Genomics
10. Source BioScience
11. BGI Genomics Co., Ltd.
12. Genedata AG
13. Eurofins Scientific SE
14. Seven Bridges Genomics, Inc.
15. Sophia Genetics SA
16. Station X, Inc.
17. Genomatix Software GmbH
18. Dassault Systèmes Biovia Corp.
19. Active Motif, Inc.
20. Bio-Rad Laboratories, Inc.
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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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