Amid the COVID-19 crisis, the global market for Bioinformatics estimated at US$9 Billion in the year 2020, is projected to reach a revised size of US$21.5 Billion by 2027, growing at a CAGR of 13.2% over the analysis period 2020-2027. Knowledge Management Tools, one of the segments analyzed in the report, is projected to record a 12.5% CAGR and reach US$9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Bioinformatics Platforms segment is readjusted to a revised 14.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2.4 Billion, While China is Forecast to Grow at 17.3% CAGR
The Bioinformatics market in the U.S. is estimated at US$2.4 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.7 Billion by the year 2027 trailing a CAGR of 17.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.4% and 11.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 10.4% CAGR.
Bioinformatics Services Segment to Record 13% CAGR
In the global Bioinformatics Services segment, USA, Canada, Japan, China and Europe will drive the 12.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.7 Billion in the year 2020 will reach a projected size of US$3.8 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.2 Billion by the year 2027, while Latin America will expand at a 14.6% CAGR through the analysis period. We bring years of research experience to this 16th edition of our report. The 456-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others:
- Agilent Technologies, Inc.
- Dassault Systèmes
- ID Business Solutions Ltd.
- Illumina Inc.
- Instem plc
- Kinexus Bioinformatics Corporation
- Life Technologies
- Nonlinear Dynamics Ltd.
- Ocimum Biosolutions Ltd.
- PerkinElmer Inc.
- QIAGEN N.V.
- Strand Life Sciences
- Thermo Fischer Scientific Inc.
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Bioinformatics: An Introductory Prelude
Recent Market Activity
Current & Future Analysis
Analysis by Region
Analysis by Segment
Bioinformatics - Playing a Crucial Role in Pharma R&D
Significance of Bioinformatics in Discovery of Novel Drugs and in Personalized Healthcare
Global Competitor Market Shares
Bioinformatics Competitor Market Share Scenario Worldwide (in %): 2018 & 2029
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
Agilent Technologies (US)
Dassault Systèmes (France)
ID Business Solutions Ltd. (UK)
Instem plc (UK)
Illumina, Inc. (US)
Kinexus Bioinformatics Corporation (Canada)
Nonlinear Dynamics, Ltd. (UK)
Ocimum Biosolutions Ltd. (India)
PerkinElmer Inc. (US)
QIAGEN N.V. (The Netherlands)
Strand Life Sciences (India)
Thermo Fisher Scientific, Inc. (US)
3. MARKET TRENDS & DRIVERS
Big Data & Bio Analytics Gain Traction
Data Management Tools Grow in Demand
Next Generation Sequencing Drives Demand for Bioinformatics
Bioinformatics Clouds: A Potential Solution
Cloud-based Services in Bioinformatics
Importance of IP Protection Systems in Bioinformatics
New Applications Brighten Opportunities
Efforts on Developing Rapid and Easy Genetic Data Analysis Solutions Rampant
Mobile-Based Technologies Gains Traction in R&D Operations
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
Market Facts & Figures
US Bioinformatics Market Share (in %) by Company: 2018 & 2025
Market Facts & Figures
European Bioinformatics Market: Competitor Market Share Scenario (in %) for 2018 & 2025
REST OF EUROPE
REST OF ASIA-PACIFIC
REST OF LATIN AMERICA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
Total Companies Profiled: 102