Edit
Bizwit-Logo-Final

Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. We have a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. 

Global Bioinformatics Market to reach USD 28.21 billion by the end of 2030.

Global Bioinformatics Market Size study & Forecast, by Product (Bioinformatics Platforms, Bioinformatics Services, Biocontent Management), by Application (Genomics, Molecular Phylogenetics, Metabolomics, Proteomics, Transcriptomics, Cheminformatics and drug designing, Others) and Regional Analysis, 2023-2030

Product Code: HLSB-72595840
Publish Date: 20-12-2023
Page: 200

Global Bioinformatics Market is valued at approximately USD 10.1 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 13.7% over the forecast period 2023-2030. Bioinformatics is an interdisciplinary field that combines biology, computer science, mathematics, and information technology to manage and analyze biological data, particularly in the context of genomics and molecular biology. It involves the application of computational techniques to store, retrieve, process, and interpret biological information, such as DNA sequences, protein structures, and gene expressions. The Bioinformatics Market is expanding because of factors such as increasing research on molecular biology and drug discovery, rising FDA approval, and increasing initiatives from governments and private organizations.

Rising number of drug approval activities is driving the market growth. As the pharmaceutical and biotechnology industries witness an increasing pace of drug development and regulatory approvals, the demand for advanced bioinformatics tools and solutions has surged. Bioinformatics plays a pivotal role in analyzing large-scale biological data, deciphering complex genomic information, and facilitating a deeper understanding of drug interactions According to data presented in the Mid-Year Review of New Drug Approvals for June 2021, the US FDA and Center for Drug Evaluation and Research (CDER) had already approved 26 New Molecular Entities (NMEs) by June 28, 2021. This approval rate was in line with the total number of NMEs approved for the entire year in 2020, which stood at 53. Except for 2018, when 59 NMEs received approval, the figure for 2020 was the second highest over the past decade. The increasing number of approvals by the FDA is expected to stimulate research and development endeavors in the pharmaceutical industry. This, in turn, would drive the demand for databases and software solutions to facilitate the drug design and development process, thereby fostering the growth of this market. In addition, accelerating the growth of proteomics and genomics and rising investment in research and development activities is creating new opportunities to the market growth. However, the lack of well-defined standards and common data formats for integration of data and data complexity concerns as well as lack of user-friendly tools stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Bioinformatics Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to a surge in research efforts focused on nucleic acids and genetic engineering, augmented funding for pioneering drug discovery through proteomic and metagenomic methods, and a growing recognition of the significance of biological data. Asia Pacific is expected to grow significantly over the forecast period, owing to rising demand for personalized medicine, rising research and development activities, and rising investment in the healthcare industry in the region.

Major market player included in this report are:
3rd Millennium Inc.
ABM Industries Inc
Agilent Technologies Inc
BioWisdom Ltd
Quest Diagnostics (Celera Corporation)
Dassault Systèmes
Data4Cure Inc
Geneva Bioinformatics SA
Illumina Inc.
Lineage Cell Therapeutics Inc (BioTime Inc.)

Recent Developments in the Market:
Ø In January 2021, Illumina introduced a cloud-centric bioinformatics platform and unveiled the Pan-Cancer IVD Test, enhancing its capabilities in the realm of cancer detection.
Ø In June 2022, The California-based biotechnology research startup, LatchBio introduced a comprehensive bioinformatics platform designed to manage extensive biotech data, with the aim of expediting scientific breakthroughs.

Global Bioinformatics Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Product, Application, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:
Bioinformatics Platforms
Bioinformatics Services
Biocontent Management

By Application:
Genomics
Molecular Phylogenetics
Metabolomics
Proteomics
Transcriptomics
Cheminformatics and drug designing
Others

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Bioinformatics Market, by Region, 2020-2030 (USD Billion)
1.2.2. Bioinformatics Market, by Product, 2020-2030 (USD Billion)
1.2.3. Bioinformatics Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Bioinformatics Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Bioinformatics Market Dynamics
3.1. Bioinformatics Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Increasing Research on Molecular Biology and Drug Discovery
3.1.1.2. Rising Demand for Nucleic Acid and Protein Sequencing
3.1.1.3. Increasing Initiatives from Governments and Private Organizations
3.1.2. Market Challenges
3.1.2.1. Lack of Well-defined Standards and Common Data Formats for Integration of Data
3.1.2.2. Data Complexity Concerns and Lack of User-friendly Tools
3.1.3. Market Opportunities
3.1.3.1. Accelerating Growth of Proteomics And Genomics
3.1.3.2. Rising investment in research and development activities
Chapter 4. Global Bioinformatics Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Bioinformatics Market, by Product
5.1. Market Snapshot
5.2. Global Bioinformatics Market by Product, Performance – Potential Analysis
5.3. Global Bioinformatics Market Estimates & Forecasts by Product 2020-2030 (USD Billion)
5.4. Bioinformatics Market, Sub Segment Analysis
5.4.1. Bioinformatics Platforms
5.4.2. Bioinformatics Services
5.4.3. Biocontent Management
Chapter 6. Global Bioinformatics Market, by Application
6.1. Market Snapshot
6.2. Global Bioinformatics Market by Application, Performance – Potential Analysis
6.3. Global Bioinformatics Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Bioinformatics Market, Sub Segment Analysis
6.4.1. Genomics
6.4.2. Molecular Phylogenetics
6.4.3. Metabolomics
6.4.4. Proteomics
6.4.5. Transcriptomics
6.4.6. Cheminformatics and drug designing
6.4.7. Others
Chapter 7. Market Global Bioinformatics Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Bioinformatics Market, Regional Market Snapshot
7.4. North America Bioinformatics Market
7.4.1. U.S. Bioinformatics Market
7.4.1.1. Product breakdown estimates & forecasts, 2020-2030
7.4.1.2. Application breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Bioinformatics Market
7.5. Europe Bioinformatics Market Snapshot
7.5.1. foU.K. Bioinformatics Market
7.5.2. Germany Bioinformatics Market
7.5.3. France Bioinformatics Market
7.5.4. Spain Bioinformatics Market
7.5.5. Italy Bioinformatics Market
7.5.6. Rest of Europe Bioinformatics Market
7.6. Asia-Pacific Bioinformatics Market Snapshot
7.6.1. China Bioinformatics Market
7.6.2. India Bioinformatics Market
7.6.3. Japan Bioinformatics Market
7.6.4. Australia Bioinformatics Market
7.6.5. South Korea Bioinformatics Market
7.6.6. Rest of Asia Pacific Bioinformatics Market
7.7. Latin America Bioinformatics Market Snapshot
7.7.1. Brazil Bioinformatics Market
7.7.2. Mexico Bioinformatics Market
7.8. Middle East & Africa Bioinformatics Market
7.8.1. Saudi Arabia Bioinformatics Market
7.8.2. South Africa Bioinformatics Market
7.8.3. Rest of Middle East & Africa Bioinformatics Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. 3rd Millennium Inc.
8.3.1.1. Key Information
8.3.1.2. Overview
8.3.1.3. Financial (Subject to Data Availability)
8.3.1.4. Product Summary
8.3.1.5. Recent Developments
8.3.2. ABM Industries Inc
8.3.3. Agilent Technologies Inc
8.3.4. BioWisdom Ltd
8.3.5. Quest Diagnostics (Celera Corporation)
8.3.6. Dassault Systèmes
8.3.7. Data4Cure Inc
8.3.8. Geneva Bioinformatics SA
8.3.9. Illumina Inc.
8.3.10. Lineage Cell Therapeutics Inc (BioTime Inc.)
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

Need Assistance

Contact Person -
Krishant Mennon
Call us @
+ 91 99931 15879
Email: sales@bizwitresearch.com

Checkout

Why Choose Us?

Quality over Quantity

Backed by 60+ paid data sources our reports deliver crisp insights with no compromise quality.

Analyst Support

24x7 Chat Support plus
free analyst hours with every purchase

Flawless Methodology

Our 360-degree approach of market study, our research methods leave stones unturned.
Enquiry Now