Global Bioinformatics Services Market Size Hit USD 8.93 Billion at a CAGR of 15.2% in 2030

The global bioinformatics services market size was USD 2.50 Billion in 2021 and is expected to register a revenue CAGR of 15.2% over the forecast period, according to the latest report by Reports and Data.

Bioinformatics is used in drug discovery research and development by organising, storing, and analysing enormous amounts of biological data. Many pharmaceutical corporations and research institutions are widely integrating biology with information technology and computer science in order to uncover new biological insights and establish a global viewpoint in drug discovery. The increasing frequency of chronic illnesses is increasing the need for research and drug discovery, which is increasing the need for bioinformatics services. Cancer survivors in the United States are expected to number 22.1 million by 2030, according to the Centers for Disease Control and Prevention (CDC). Bioinformatics is being used by pharmaceutical corporations in cancer therapy and diagnosis.

Chromatography and mass spectrometry, chemical analysis, and materials and structural analysis all make substantial use of bioinformatics services. Pharmaceutical companies are conducting numerous medication development studies and collecting a vast amount of data. To obtain exact findings, various sample data are calculated using software. Several businesses are working on improved AI algorithms for pattern recognition and functional inference from sequence data. These factors are propelling the industry forward.

Companies profiled in the market report include Thermo Fisher Scientific Inc., Agilent Technologies Inc., QIAGEN Digital Insights, Intrexon Bioinformatics Germany GmbH, Rosalind, Inc., Illumina, Inc., DNAnexus, Inc, PerkinElmer Inc., Biomax Informatics Inc., Waters Corporation and among others.

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Market Overview:

The research report assesses the market dynamics, market landscape, company profiles, production and manufacturing capacity, year-on-year growth rate, SWOT analysis, and Porter’s Five Forces analysis. The report estimates the market size, market growth, and provides an accurate forecast for the key segments of the market for the forecast period of 2022-2030. The report also covers an in-depth analysis of the key competitors of the market, along with their growth strategies and business expansion plans.

The Bioinformatics Services Market has been segmented into key regions of the world and offers an analysis of growth rate, market share, market size, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Bioinformatics Services Market.

Further key findings from the report suggest,

• In 2021, sequencing services accounted for a greater revenue proportion. Bioinformatics is frequently used in the categorization and identification of a variety of sequencing profiles, including Whole Genome Sequencing (WGS) and RNASeq. Bioinformatics gives various useful insights for interpreting complicated biological sequencing data. The examination of bioinformatics data aids in the classification of single-cell RNA sequencing. Dimensionality reduction and clustering utilising Uniform Manifold Approximation and Projection (UMAP) and tSNE algorithms can be used for these research. As a consequence of the widespread adoption of these approaches in sequencing services, the segment’s income is increasing.
• In 2021, North America had a bigger revenue share. Rapid bioinformatics use in biological data analysis is driving market revenue development in this area. Pfizer Inc., Merck & Co., Johnson & Johnson, and other pharmaceutical and healthcare organisations are widely adopting bioinformatics for clinical data analysis and finding possible therapeutic targets for intervention. The United States is a popular location for healthcare research and development, and financing for healthcare research is increasing demand for bioinformatics services.
• Thermo Fisher Scientific Inc., a large bioinformatics service firm located in the United States, purchased Qiagen for USD 11.5 billion on March 3, 2020. This purchase will combine the technology benefits of genetic analysis with the bioinformatics capabilities of Qiagen. Furthermore, the bioinformatics services offering would assist Thermo Fisher extend its global market share.

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• For the purpose of this report, Reports and Data has segmented the global bioinformatics services industry into Service Type Outlook, Application Outlook, End-Use Outlook, Regional Outlook:

Service Type Outlook (Revenue, USD Billion; 2019-2030)

• Sequencing Services
• Data Analysis Services
• Drug Discovery Services
• Differential Gene Expression Analysis
• Database Management Services
• Others

Application Outlook (Revenue, USD Billion; 2019-2030)

• Genomics
• Chemoinformatic
• Drug Discovery
• Transcriptomics
• Others

End-Use Outlook (Revenue, USD Billion; 2019-2030)

• Healthcare and pharmaceuticals
• Biotechnology Companies
• Contract Research Organization (CRO)
• Contract Development and Manufacturing Organization (CDMO)
• Others

Regional Outlook (Revenue, USD Billion; 2019-2030)

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Sweden
  • BENELUX
  • Rest of Europe
• Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC
• Latin America
  • Brazil
  • Rest of LATAM
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Israel
  • Rest of MEA

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 Key Advantages of Bioinformatics Services Market Report:

• Identification and analysis of the market size and competition
• Qualitative and quantitative analysis of the market data
• Data validated by industry experts after extensive primary and secondary research
• Extensive regional analysis of the Bioinformatics Services industry
• Profiling of key players along with their business overview, business strategies, deals and partnerships, and product portfolio
• SWOT and Porter’s Five Forces Analysis for in-depth understanding of the competitive landscape
• Feasibility analysis and investment analysis to enable strategic investment decisions
• Analysis of opportunities, drivers, restraints, challenges, risks, and limitations

Conclusively, all aspects of the Bioinformatics Services Market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.

About Us:

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.

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