Bioinformatics Services Market by Type (Microbiome, Transcriptome, Virtual Screening, Database Management), Specialty (Medical, Forensics), Application (Proteomics, Metabolomics), End User (Academia, Pharma) - Global Forecast to 2023

  • ID: 4521313
  • Report
  • Region: Global
  • 140 Pages
  • Markets and Markets
1 of 6
Global Bioinformatics Services Market is Projected to Reach USD 3.53 Billion by 2023

FEATURED COMPANIES

  • Baseclear
  • CD Genomics
  • FIOS Genomics
  • Illumina
  • Medgenome Labs
  • Neogenomics
  • MORE

"The global bioinformatics services market projected to grow at a CAGR of 15.7%."

The global bioinformatics services market is projected to reach USD 3.53 billion by 2023 from USD 1.70 million in 2018, at a CAGR of 15.7%. Factors such as increasing applications of bioinformatics in various industries, the shortage of skilled bioinformatics professionals leading to increased outsourcing of bioinformatics projects, and rising public-private sector funding for bioinformatics services are expected to propel the growth of this market. However, the in-house development of bioinformatics solutions and publically available bioinformatics tools are expected to restrain the growth of the bioinformatics services market in the forecast period.

"The medical biotechnology segment is expected to dominate the market in 2018."

The bioinformatics services market, by specialty, is segmented into medical biotechnology, animal biotechnology, plant biotechnology, environmental biotechnology, and forensic biotechnology. The medical biotechnology segment is expected to command the largest share of the bioinformatics services market in 2018. The largest share of this segment can be attributed to the development of new databases for drug discovery, the use of bioinformatics for clinical diagnostics, and increasing funding for the development of bioinformatics solutions for clinical diagnostics.

"The academic institutes and research centers segment to grow at the highest CAGR during 2018 to 2023."

On the basis of end user, the bioinformatics services market is segmented into academic institutes and research centers, hospitals and clinics, pharmaceutical and biotechnology companies, and other end users. The academic institutes and research centers segment is estimated to witness the highest growth during 2018-2023. Increasing scale of genomics research, rising number of collaborations between academic research institutes and players in the bioinformatics market, growing number of government funding programs for genomics research, and the increasing focus of market players on providing efficient bioinformatics services that suit the requirements of researchers are some of the major factors driving the growth of this segment.

"APAC is projected to witness the highest growth during the forecast period."

The Asia Pacific bioinformatics services market is expected to grow at the highest CAGR from 2018 to 2023. Factors such as increasing incidence of target diseases (such as cancer and genetic diseases), rising awareness about the clinical applications of bioinformatics and its advantages over conventional methods, and growing genomic and drug discovery research activities are driving the growth of the Asia Pacific bioinformatics services market.

Breakdown of supply-side primary interviews: by company type, designation, and region:

  • By Company Type - Tier 1 -26%, Tier 2 - 33% and Tier 3 - 41%
  • By Designation - C-level - 43%, Director-level - 36%, Others - 22%
  • By Region - North America - 33%, Europe - 21%, APAC - 37%, RoW - 9%

As of 2017, the key players in the bioinformatics services market include Illumina (US), Thermo Fisher Scientific (US), Eurofins Scientific (Luxembourg), BGI (China), NeoGenomics (US), PerkinElmer (US), CD Genomics (US), Macrogen (South Korea), QIAGEN (Germany), GENEWIZ (US), Source BioScience (UK), Microsynth (Switzerland), MedGenome (India), Fios Genomics (UK), and BaseClear (Netherlands), among others.

Research Coverage

This report studies the bioinformatics services market based on type, specialty, application, end user, and region. The report also analyzes factors (such as drivers, restraints, opportunities, and challenges) affecting market growth. It evaluates opportunities and challenges in the market for stakeholders and provides details of the competitive landscape for market leaders. The report also studies micromarkets with respect to their growth trends, prospects, and contributions to the total market. The report forecasts the revenue of the market segments with respect to four main regions.

Reasons to Buy the Report:

The report provides insights on the following pointers:

  • Market Penetration: Comprehensive information on business strategies adopted by the major players in the bioinformatics services market. The report analyzes the bioinformatics services market based on type, specialty, application, end user, and region
  • Service Launches: Insights on R&D activities and service launches in the bioinformatics services market
  • Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the markets for various bioinformatics services across geographies
  • Market Diversification: Exhaustive information about recent developments and investments in the bioinformatics services market
  • Competitive Assessment: In-depth assessment of market ranking, strategies, and services of leading players in the bioinformatics services market.
READ MORE
Note: Product cover images may vary from those shown
2 of 6

FEATURED COMPANIES

  • Baseclear
  • CD Genomics
  • FIOS Genomics
  • Illumina
  • Medgenome Labs
  • Neogenomics
  • MORE

1 Introduction
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of Primaries
                    2.1.2.2 Primary Sources
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Assumptions

3 Executive Summary

4 Premium Insights
    4.1 Bioinformatics Services: Market Overview
    4.2 Bioinformatics Services Market, By Type (2018 vs 2023)
    4.3 Global Market, By Application (2018 vs 2023)
    4.4 Global Market, By Specialty (2018 vs 2023)
    4.5 Global Market, By Region and End User, 2018 vs 2023 (USD Million)

5 Market Overview
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Growing Applications of Bioinformatics in Various Industries
                    5.2.1.2 Increasing Public-Private Sector Funding for Bioinformatics Services
                    5.2.1.3 Shortage of Skilled Bioinformatics Professionals Leading to Increased Outsourcing of Bioinformatics Projects
           5.2.2 Restraints
                    5.2.2.1 In-House Development of Bioinformatics Solutions and Publically Available Bioinformatics Tools
           5.2.3 Opportunities
                    5.2.3.1 Reducing Cost of Sequencing and Growing Volume of Data Generated During Sequencing
                    5.2.3.2 Growing Focus on Outsourcing for the Management of Large Volumes of Data
                    5.2.3.3 Emerging Markets
           5.2.4 Challenges
                    5.2.4.1 Complexity of Data
                    5.2.4.2 Lack of Well-Defined Standards for Bioinformatics Analysis

6 Bioinformatics Services Market, By Type
    6.1 Introduction
    6.2 Sequencing Services
           6.2.1 Whole Genome Sequencing and De Novo Assembly
           6.2.2 Exome Analysis
           6.2.3 Transcriptome Analysis
           6.2.4 Metagenomic Analysis
           6.2.5 Chip-Seq Analysis
           6.2.6 Other Sequencing Analysis
    6.3 Data Analysis
           6.3.1 Data Mining
           6.3.2 Genomic Analysis
           6.3.3 Proteomic Analysis
           6.3.4 Variant Annotation and Discovery
    6.4 Drug Discovery Services
    6.5 Differential Gene Expression Analysis
    6.6 Database and Management Services
    6.7 Other Bioinformatics Services

7 Bioinformatics Services Market, By Specialty
    7.1 Introduction
    7.2 Medical Biotechnology
    7.3 Animal Biotechnology
    7.4 Plant Biotechnology
    7.5 Environmental Biotechnology
    7.6 Forensic Biotechnology

8 Bioinformatics Services Market, By Application
    8.1 Introduction
    8.2 Genomics
    8.3 Chemoinformatics & Drug Design
    8.4 Proteomics
    8.5 Transcriptomics
    8.6 Metabolomics
    8.7 Other Applications

9 Bioinformatics Services Market, By End User
    9.1 Introduction
    9.2 Academic Institutes & Research Centers
    9.3 Hospitals & Clinics
    9.4 Pharmaceutical & Biotechnology Companies
    9.5 Other End Users

10 Bioinformatics Services Market, By Region
     10.1 Introduction
     10.2 North America
     10.3 Europe
     10.4 Asia Pacific
     10.5 Rest of the World

11 Competitive Landscape
     11.1 Introduction
     11.2 Market Ranking Analysis, By Key Player, 2017
     11.3 Competitive Situation and Trends
             11.3.1 Service Launches
             11.3.2 Agreements, Partnerships and Collaborations
             11.3.3 Expansions
             11.3.4 Acquisitions

12 Company Profiles
(Introduction, Products & Services, Strategy, & Analyst Insights, Developments, View)*
     12.1 Baseclear
     12.2 BGI
     12.3 CD Genomics
     12.4 Eurofins Scientific
     12.5 FIOS Genomics
     12.6 Genewiz
     12.7 Illumina
     12.8 Macrogen
     12.9 Medgenome Labs
     12.10 Microsynth
     12.11 Neogenomics
     12.12 Perkinelmer
     12.13 Qiagen Bioinformatics
     12.14 Source Bioscience
     12.15 Thermo Fisher Scientific

*Details on View, Introduction, Product & Services, Strategy, & Analyst Insights, New Developments Might Not Be Captured in Case of Unlisted Companies.

List of Tables
Table 1 Global Bioinformatics Services Market, By Type, 2016–2023 (USD Million)
Table 2 Global Bioinformatics Sequencing Services Market, By Type, 2016–2023 (USD Million)
Table 3 Global Bioinformatics Sequencing Services Market, By Specialty, 2016–2023 (USD Million)
Table 4 Bioinformatics Sequencing Services Market, By Region, 2016–2023 (USD Million)
Table 5 Bioinformatics Sequencing Services Market for Whole Genome Sequencing and De Novo Assembly, By Region, 2016–2023 (USD Million)
Table 6 Bioinformatics Sequencing Services Market for Exome Analysis, By Region, 2016–2023 (USD Million)
Table 7 Bioinformatics Sequencing Services Market for Transcriptome Analysis, By Region, 2016–2023 (USD Million)
Table 8 Bioinformatics Sequencing Services Market for Metagenomic Analysis, By Region, 2016–2023 (USD Million)
Table 9 Bioinformatics Sequencing Services Market for Chip-Seq Analysis, By Region, 2016–2023 (USD Million)
Table 10 Bioinformatics Sequencing Services Market for Other Sequencing Analysis, By Region, 2016–2023 (USD Million)
Table 11 Global Bioinformatics Data Analysis Services Market, By Type, 2016–2023 (USD Million)
Table 12 Global Bioinformatics Data Analysis Services Market, By Specialty, 2016–2023 (USD Million)
Table 13 Bioinformatics Data Analysis Services Market, By Region, 2016–2023 (USD Million)
Table 14 Bioinformatics Data Analysis Services Market for Data Mining, By Region, 2016–2023 (USD Million)
Table 15 Bioinformatics Data Analysis Services Market for Genomic Analysis, By Region, 2016–2023 (USD Million)
Table 16 Bioinformatics Data Analysis Services Market for Proteomic Analysis, By Region, 2016–2023 (USD Million)
Table 17 Bioinformatics Data Analysis Services Market for Variant Annotation and Discovery, By Region, 2016–2023 (USD Million)
Table 18 Global Bioinformatics Drug Discovery Services Market, By Specialty, 2016–2023 (USD Million)
Table 19 Bioinformatics Drug Discovery Services Market, By Region, 2016–2023 (USD Million)
Table 20 Global Bioinformatics Differential Gene Expression Analysis Services Market, By Specialty, 2016–2023 (USD Million)
Table 21 Bioinformatics Differential Gene Expression Analysis Services Market, By Region, 2016–2023 (USD Million)
Table 22 Global Database and Management Services Market, By Specialty, 2016–2023 (USD Million)
Table 23 Database and Management Services Market, By Region, 2016–2023 (USD Million)
Table 24 Global Bioinformatics Services Market for Other Services, By Specialty, 2016–2023 (USD Million)
Table 25 Global Market for Other Services, By Region, 2016–2023 (USD Million)
Table 26 Global Market, By Specialty, 2016–2023 (USD Million)
Table 27 Global Market for Medical Biotechnology, By Region, 2016–2023 (USD Million)
Table 28 Bioinformatics Services Market for Animal Biotechnology, By Region, 2016–2023 (USD Million)
Table 29 Global Market for Plant Biotechnology, By Region, 2016–2023 (USD Million)
Table 30 Global Market for Environmental Biotechnology, By Region, 2016–2023 (USD Million)
Table 31 Global Market for Forensic Biotechnology, By Region, 2016–2023 (USD Million)
Table 32 Global Bioinformatics Services Market, By Application, 2016–2023 (USD Million)
Table 33 Global Market for Genomics, By Region, 2016–2023 (USD Million)
Table 34 Global Market for Chemoinformatics and Drug Design, By Region, 2016–2023 (USD Million)
Table 35 Global Market for Proteomics, By Region, 2016–2023 (USD Million)
Table 36 Bioinformatics Services Market for Transcriptomics, By Region, 2016–2023 (USD Million)
Table 37 Global Market for Metabolomics, By Region, 2016–2023 (USD Million)
Table 38 Global Market for Other Applications, By Region, 2016–2023 (USD Million)
Table 39 Global Market, By End User, 2016–2023 (USD Million)
Table 40 Bioinformatics Services Market for Academic Institutes and Research Centers, By Region, 2016–2023 (USD Million)
Table 41 Global Market for Hospitals & Clinics, By Region, 2016–2023 (USD Million)
Table 42 Global Market for Pharmaceutical & Biotechnology Companies, By Region, 2016–2023 (USD Million)
Table 43 Global Market for Other End Users, By Region, 2016–2023 (USD Million)
Table 44 Bioinformatics Services Market, By Region, 2016–2023 (USD Million)
Table 45 North America: Bioinformatics Services Market, By Type, 2016–2023 (USD Million)
Table 46 North America: Market, By Specialty, 2016–2023 (USD Million)
Table 47 North America: Bioinformatics Services Market, By Application, 2016–2023 (USD Million)
Table 48 North America: Market, By End User, 2016–2023 (USD Million)
Table 49 Europe: Bioinformatics Services Market, By Type, 2016–2023 (USD Million)
Table 50 Europe: Market, By Specialty, 2016–2023 (USD Million)
Table 51 Europe: Bioinformatics Services Market, By Application, 2016–2023 (USD Million)
Table 52 Europe: Market, By End User, 2016–2023 (USD Million)
Table 53 Asia Pacific: Bioinformatics Services Market, By Type, 2016–2023 (USD Million)
Table 54 Asia Pacific: Market, By Specialty, 2016–2023 (USD Million)
Table 55 Asia Pacific: Bioinformatics Services Market, By Application, 2016–2023 (USD Million)
Table 56 Asia Pacific: Market, By End User, 2016–2023 (USD Million)
Table 57 RoW: Bioinformatics Services Market, By Type, 2016–2023 (USD Million)
Table 58 RoW: Market, By Specialty, 2016–2023 (USD Million)
Table 59 RoW: Bioinformatics Services Market, By Application, 2016–2023 (USD Million)
Table 60 RoW: Market, By End User, 2016–2023 (USD Million)
Table 61 Key Service Launches, 2015–2018
Table 62 Key Partnerships and Collaborations, 2015–2018
Table 63 Key Expansions, 2015–2018
Table 64 Key Acquisitions, 2015–2018

List of Figures
Figure 1 Research Design
Figure 2 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Assumptions of the Research Study
Figure 7 Global Bioinformatics Services Market, By Type (2018 vs 2023)
Figure 8 Global Market, By Specialty (2018 vs 2023)
Figure 9 Global Bioinformatics Services Market, By Application (2018 vs 2023)
Figure 10 Global Market, By End User (2018 vs 2023)
Figure 11 Bioinformatics Services Market, By Region, 2018
Figure 12 Growing Applications of Bioinformatics is Driving Market Growth
Figure 13 Sequencing Services Segment Will Continue to Dominate the Bioinformatics Services Market By 2023
Figure 14 Genomics Segment Will Continue to Dominate the Market By 2023
Figure 15 Medical Biotechnology Segment Will Continue to Dominate the Bioinformatics Services Market By 2023
Figure 16 Academic Institutes and Research Centers Segment to Account for the Largest Share of the Global Market in 2018
Figure 17 Bioinformatics Services Market : Drivers, Restraints, Opportunities, and Challenges
Figure 18 Comparative Analysis of Human Whole-Genome Sequencing Cost and Amount of Data Produced Per Genome (2001-2017)
Figure 19 Data Analysis Segment to Register the Highest CAGR During the Forecast Period
Figure 20 Plant Biotechnology Specialty Segment to Register the Highest Growth Rate During the Forecast Period
Figure 21 Genomics Segment to Dominate the Market During the Forecast Period
Figure 22 Academic Institutes & Research Centers to Register the Highest Growth During the Forecast Period
Figure 23 Bioinformatics Services Market, By Region
Figure 24 North America: Bioinformatics Services Market Snapshot
Figure 25 Europe: Bioinformatics Services Market Snapshot
Figure 26 Asia Pacific: Bioinformatics Services Market Snapshot
Figure 27 Key Developments By Leading Market Players in the Bioinformatics Services Market, 2015–2018
Figure 28 Bioinformatics Services Market Ranking, By Key Player, 2017
Figure 29 Eurofins Scientific: Company Snapshot (2017)
Figure 30 Illumina: Company Snapshot (2017)
Figure 31 Neogenomics: Company Snapshot (2017)
Figure 32 Perkinelmer, Inc.: Company Snapshot (2017)
Figure 33 Qaigen N.V.: Company Snapshot (2016)
Figure 34 Thermo Fisher Scientific: Company Snapshot (2017)

Note: Product cover images may vary from those shown
3 of 6

Loading
LOADING...

4 of 6
5 of 6
  • BGI
  • Baseclear
  • CD Genomics
  • Eurofins Scientific
  • FIOS Genomics
  • Genewiz
  • Illumina
  • Macrogen
  • Medgenome Labs
  • Microsynth
  • Neogenomics
  • Perkinelmer
  • Qiagen Bioinformatics
  • Source Bioscience
  • Thermo Fisher Scientific
Note: Product cover images may vary from those shown
6 of 6
Note: Product cover images may vary from those shown
Adroll
adroll