Report Scope & Overview:
The Bioinformatics Market size was valued at USD 12.56 billion in 2022, and is estimated to reach USD 38.79 billion by 2030 with a growing CAGR of 15.5% over the forecast period 2023-2030.
The human genetic project and the sequencing programs of other organisms have created an unparalleled amount of biological data. The ever-changing science of bioinformatics manages to meet the great need for data analysis and translation. The use of computational and analytical tools in capturing and interpreting biological data is seen as bioinformatics. Computer science, mathematics, physics, and biology are all used in this multi-disciplinary guide. In modern biology and medicine, bioinformatics is important in data management. Bioinformatics is a branch of computer science that studies the sequence of molecular cells.
To get more information on Bioinformatics Market - Request Sample Report
It is very good at looking at genes and other protein sequences and other patterns within the organism and between living organisms, looking at the links between evolution in animals, and finding out what patterns are seen across DNA and the sequence of proteins. Bioinformatics can be seen as part of genetic language. Bioinformatics techniques include cellular and chemical techniques in the search for natural materials.
The ability to perform complex tests and phylogenetic adjustments are also important features of molecular mechanisms. Genetic sequence analysis is needed to gain a better understanding of the genes or epigenetic components of various bacterial taxa. A growing number of fully-fledged microbial genomes, including those that are known producers of natural bacterial products, have shown that the genetic and metabolic potential of these microbes is much higher than previously expected.
Growing bioinformatics financing from the public and private sectors
Personalized medicine is becoming more popular.
R&D spending on pharmaceuticals and biotechnology is increasing.
Costs of genomic sequencing are falling.
Equipment expenditures are high.
Professionals in Short Supply
Developing business sectors offer worthwhile open doors
Blockchain and distributed computing reception are on the ascent.
Machine learning and artificial intelligence (AI) have been integrated into healthcare.
Bioinformatics solutions are being developed with the help of prominent IT businesses.
Managing massive amounts of data
There is a scarcity of qualified bioinformatics professionals.
Interoperability and multiplatform capacities are deficient.
In-house improvement and freely accessible advances are turning out to be more serious.
IMPACT OF COVID-19
When it comes to giving critical support to various fields of scientific research, bioinformatics has always had tremendous potential. Bioinformatics was put to the test during the COVID-19 pandemic. During the COVID-19 pandemic, one of the key priority areas for each country was to research and understand ways to stop the virus's spread. The most basic method for studying SARS-CoV-2 genomes is next-generation sequencing, which provides basic information on the virus. For calculating such data and enhancing understanding of SARS-CoV-2, bioinformatics pipelines and biological and host-virus interaction databases are key tools. As a result, a variety of research are being conducted to better understand the virus's genetic composition, with bioinformatics as a driving force. Bioinformatics outsourcing has risen throughout the pandemic in this setting. Scientists were able to unearth several secrets of SARS-CoV-2, ranging from its detection to its origin (including its functioning and propagation), in a short period of time, thanks to the advanced and improved bioinformatics abilities of specialist co-ops.
Value Chain analysis
The market is dominated by North American regions, which have a high demand rate. It also controls a significant portion of the bioinformatics market. It is a region that accounts for almost 45% of the market. The significant demand is due to the presence of leading bioinformatics marketplaces.
In this region, government activities are constantly increasing. In this field, bioinformatics is advancing at a rapid pace. Furthermore, bioinformatics technology is extremely well-known in North America. In addition, it is a good location for future research. The market situation is constantly improving, with significant development potential.
By Product & Services
Bioinformatics Platforms, Knowledge Management Tools, and Bioinformatics Services are the three categories that the market is divided into. Because of an increase in platform applications and desire for better tools in drug development, the Bioinformatics Platforms sector was the top revenue producer in the market. During the forecast term, this pattern is predicted to persist. An increase in demand from life science businesses for structural identification and customization can be attributed to the development in platform applications. As a result, drug development and treatment impact evaluation would be aided. In addition, as drug research and development become more efficient and safer, the demand for new drug development technologies develops. As a result, the Global Bioinformatics Market is expected to expand.
Genomics was the most popular. The advent of technical innovations targeted at managing massive quantities of genomic data, as well as the growing demand for pharmacogenomics in drug discovery and sequence screening, are major factors accounting for this large percentage.
Proteomics has seen a lot of R&D, and bioinformatics plays a big part in understanding and managing the data that comes out of it. This also makes handling heterogeneous and massive data sets, introducing new methods, and improving the knowledge discovery process easier.
KEY MARKET SEGMENTATION:
By Product & Services
Knowledge Management Tools
Chemoinformatics & Drug Design
Need any customization research on Bioinformatics Market - Enquiry Now
The bioinformatics market was led by North America, Europe and Asia Pacific coming second and third. Government support for genomic research, availability of leading bioinformatics providers, low cost of follow-up, increased awareness of bioinformatics services, and increased number of genomic research activities (and concomitant adoption of bioinformatics) regional development-development bioinformatics in North America. The location of funding for research projects in North America is excellent. Increased government efforts to reimburse genomic testing and the willingness to fund bioinformatics research activities reflect this regional market.
Some of the major key players of Bioinformatics Market are as follows: Affymetrix, BIOVIA, Agilent Technologies, BioWisdom Ltd, Celera Corporation, IBM, Life Sciences, Illumina Inc., Life Technologies Corporation, 3rd Millennium Inc, and other players.
Affymetrix-Company Financial Analysis
|Market Size in 2022
|US$ 12.56 Billion
|Market Size by 2030
|US$ 38.79 Billion
|CAGR of 15.5% From 2023 to 2030
|Report Scope & Coverage
|Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
|• By Product & Services (Knowledge Management Tools, Bioinformatics Services, Bioinformatics Platforms)
• By Application (Genomics, Transcriptomics, Metabolomics, Chemoinformatics & Drug Design, Proteomics)
|North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Affymetrix, BIOVIA, Agilent Technologies, BioWisdom Ltd, Celera Corporation, IBM, Life Sciences, Illumina Inc., Life Technologies Corporation, 3rd Millennium Inc, and other players.
|• Growing bioinformatics financing from the public and private sectors
• Personalized medicine is becoming more popular.
• R&D spending on pharmaceuticals and biotechnology is increasing.
|• Equipment expenditures are high.
• Professionals in Short Supply
Ans: The Bioinformatics Market Size was valued at US$ 12.56 billion in 2022.
Drivers, Restraints, Opportunities, and Challenges are the factors of marketing dynamics Bioinformatics market.
When it comes to giving critical support to various fields of scientific research, bioinformatics has always had tremendous potential. Bioinformatics was put to the test during the COVID-19 pandemic. During the COVID-19 pandemic, one of the key priority areas for each country was to research and understand ways to stop the virus's spread.
Yes, this report covers qualitative and quantitative analysis.
Ans: The Bioinformatics market is to grow at a CAGR of 15.5% over the forecast period 2023-2030.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
188.8.131.52 United Kingdom
184.108.40.206 South Korea
220.127.116.11 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Bioinformatics Market Segmentation, By Product & Services
8.1 Knowledge Management Tools
8.2 Bioinformatics Services
8.3 Bioinformatics Platforms
9. Bioinformatics Market Segmentation, By Application
9.4 Chemoinformatics & Drug Design
10. Regional Analysis
10.2 North America
10.3.6 The Netherlands
10.3.7 Rest of Europe
10.4.2 South Korea
10.4.6 Rest of Asia-Pacific
10.5 The Middle East & Africa
10.5.3 South Africa
10.6 Latin America
10.6.3 Rest of Latin America
11. Company Profiles
11.1.2 Products/ Services Offered
11.1.3 SWOT Analysis
11.1.4 The SNS view
11.3 Agilent Technologies
11.4 BioWisdom Ltd
11.5 Celera Corporation
11.7 Life Sciences
11.8 Illumina Inc.
11.9 Life Technologies Corporation
11.10 3rd Millennium Inc.
12. Competitive Landscape
12.1 Competitive Benchmark
12.2 Market Share Analysis
12.3 Recent Developments
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Mental Health Apps Market size was valued at USD 5.1 billion in 2022 and is expected to grow to USD 17.1656 billion by 2030 and grow at a CAGR of 16.1% over the forecast period of 2023-2030.
The Circulating Tumor Cells Market size was estimated USD 10.4 billion in 2022 and is expected to reach USD 28.4 billion by 2030 at a CAGR of 13.4% during the forecast period of 2023-2030.
The Vaccines Market was valued at USD 67.51 Bn in 2022 and is expected to reach USD 151 Bn by 2030 and grow at a CAGR of 10.6% during the forecasted period 2023-2030.
In 2022, The Neonatal Respiratory Care Devices Market size amounted to USD 1715.45 Million & is estimated to reach USD 2734.16 Million by 2030 and increase at a compound annual growth rate of 6% between 2023 and 2030.
The Medical Tourism Market size was valued at USD 9.7 billion in 2022 and is expected to reach at USD 58.56 billion by 2030 and grow at a CAGR of 25.2% over the forecast period of 2023-2030.
The Low-Pressure Liquid Chromatography Market Size was valued at USD 6.77 billion in 2022, and is expected to reach USD 12.07 billion by 2030, and grow at a CAGR of 7.5% over the forecast period 2023-2030.
Hi! Click one of our member below to chat on Phone