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Bioinformatics - Global Market Trajectory & Analytics

  • ID: 358586
  • Report
  • July 2020
  • Region: Global
  • 456 Pages
  • Global Industry Analysts, Inc
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Global Bioinformatics Market to Reach $21.5 Billion by 2027

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.
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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

Challenges Faced

Efforts on Developing Rapid and Easy Genetic Data Analysis Solutions Rampant

Mobile-Based Technologies Gains Traction in R&D Operations

Competition

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

US Bioinformatics Market Share (in %) by Company: 2018 & 2025

Market Analytics

CANADA

JAPAN

CHINA

EUROPE

Market Facts & Figures

European Bioinformatics Market: Competitor Market Share Scenario (in %) for 2018 & 2025

Market Analytics

FRANCE

GERMANY

ITALY

UNITED KINGDOM

SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC

AUSTRALIA

INDIA

SOUTH KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA

ARGENTINA

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST

IRAN

ISRAEL

SAUDI ARABIA

UNITED ARAB EMIRATES

REST OF MIDDLE EAST

AFRICA

IV. COMPETITION

Total Companies Profiled: 102

Note: Product cover images may vary from those shown
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