+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Bioinformatics Global Market Report 2023

  • PDF Icon

    Report

  • 175 Pages
  • February 2023
  • Region: Global
  • The Business Research Company
  • ID: 5735465
The global bioinformatics market will grow from $13.02 billion in 2022 to $14.68 billion in 2023 at a compound annual growth rate (CAGR) of 12.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services effecting many markets across the globe. The bioinformatics market is expected to grow to $24.46 billion in 2027 at a CAGR of 13.6%.

The bioinformatics market includes revenues earned by entities by providing solutions which combine computer programming, information engineering, mathematics, and statistics to analyze biological data for drug discovery and preclinical studies. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Bioinformatics, which is connected to genetics and genomics, uses computer technology to gather, store, analyze, and share biological information and data such as DNA and amino acid sequences or annotations about those sequences.

North America was the largest region in the bioinformatics market in 2022. Western Europe was the second largest region in the bioinformatics market. The regions covered in the bioinformatics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The main product and service types of bioinformatics are knowledge management tools, data analysis platforms, and services. Knowledge management tools are technologies used by organizations to share information both internally and externally. The various applications include metabolomics, molecular phylogenetics, transcriptomics, proteomics, chemoinformatics, genomics, others that are used by pharmaceutics, animal study, agriculture, forensic science, and other end users.

Increasing demand for protein sequencing is driving growth in the bioinformatics market. Protein sequencing refers to the process of determining the sequence of amino acids in all or part of the proteins present in DNA, based on which specific functions, activities, origin, or localization of the protein are determined. Protein sequencing helps analysts to understand the distribution of amino acids along the sequences and the structure of proteins. With bioinformatics methods and databases, the capacity, structure, and developmental history of proteins can be effectively identified. The demand for protein sequencing is expected to grow on account of factors such as advancements in clinical mass spectrometry and analytical techniques, and the significant adoption of target-based drug development by pharmaceutical and biotechnology companies. For instance, in 2021, the total number of protein sequences in UniProtKB, which is a freely accessible database of protein sequence and functional information, increased to approximately 190 million.

The lack of interoperability among various available data formats is acting as a restraint on the bioinformatics market. Various data formats come with differences in structures of data. There are numerous protein databases available through various resources, and each database chooses to represent proteins in a different format. Also, different data models such as object data model or relational data model are used while collecting data. Therefore, the problem of interoperability arises when a researcher tries to integrate the results of unique databases present in different data formats. Various data formats available for bioinformatics include Compressed Row Storage (CRS), Sparse Vector, Avro, Parquet and ORC (Optimized Row Compressed). According to a report by Pharmaphorum, an estimated 80% of the researchers’ time is spent on data grooming and only 20% on actual data analysis. This is essentially due to the lack of standardized file types and inconsistent data formatting, which means that every new program results in a new data format. The interoperability issues arising from the use of multiple data formats are affecting the market growth.

Companies in the bioinformatics market are increasingly investing in the research and development of nanopore sequencing technology. Nanopore sequencing is a single molecule DNA sequencing technology that eliminates the need for Polymerase Chain Reaction or chemical labeling of the sample. This technology passes ionic current through nanopores (a pore of nanometer size) and when the biological molecules pass through the nanopores or near to it them this technology measures the changes in current which can be used to identify the molecule. Nanopore sequencing technology offers high throughput, low cost, longer reads (Sequence of a section of a unique fragment) to the analyst and helps in the collection of data which is an essential part of bioinformatics. For instance, in 2020, Oxford Nanopore Technologies raised $109.5 million to support the ramp of commercial and manufacturing operations and to further develop its nanopore technology.

The bioinformatics market is governed by various regulatory bodies for quality and compliance of bioinformatics platforms. For instance, in India, the Biotechnology Industry Research Assistance Council (BIRAC), set up by Department of Biotechnology (DBT), Government of India, regulates the bioinformatics market. BIRAC introduces Technology Readiness Levels (TRLs) as a measure of estimating the maturity of technology while in the evaluation phases until these technologies are complete to be offered commercially. The TRL scale provides 9 technology readiness levels with TRL1 being the stage when the technology is ideated, and TRL9 being the stage when the technology is ready for commercial use. The manufacturers have to get past TRL9 to have their products available commercially and ready to be marketed. These TRL's consist of various levels of compliance and processes that the manufacturers must adhere to. The bioinformatics platform is evaluated for quality, feasibility, data privacy, and protection as per international standards.

In September 2020, APIS Assay Technologies Ltd, a UK-based Biotechnology company acquired BeoGenomics for an undisclosed amount. With the addition of Beogenomics’ proven expertise in bioinformatics APIS Assay Technologies Ltd can more effectively capture the exciting opportunities presented in the bioinformatics space. BeoGenomics, a USA-based bioinformatics company that focuses on NGS, SNP chip, and GeneChip genomic data processing and analysis.

The countries covered in the bioinformatics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.

The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD ($) unless otherwise specified).

The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.

The bioinformatics market research report is one of a series of new reports that provides bioinformatics market statistics, including bioinformatics industry global market size, regional shares, competitors with a bioinformatics market share, detailed bioinformatics market segments, market trends and opportunities, and any further data you may need to thrive in the bioinformatics industry. This bioinformatics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Major players in the bioinformatics market are Agilent Technologies, Illumina, QIAGEN, Affymetrix, Thermo Fisher Scientific, BGI, Dassault Systems, Eurofins scientific, Bruker Daltonics, Biomax Informatix, DNASTAR, Partek, Geneva Bioinformatics, Perkinelmer Inc., Accelrys, SA Nonlinear Dynamics, Quest Diagnostics, Sophia Genetics, Waters Corporation, Permin Elmer Inc., Applied Biologicals Materials., Life Technologies, PerkinElmer, Waters Corporation, Sophia Genetics, Celera, Tripos, LP, Helicos Biosciences Incorporation, and IBM Life Sciences.



This product will be delivered within 1-3 business days.
Frequently Asked Questions about the Global Bioinformatics Market

What is the estimated value of the Global Bioinformatics Market?

The Global Bioinformatics Market was estimated to be valued at $14.68 billion in 2023.

What is the growth rate of the Global Bioinformatics Market?

The growth rate of the Global Bioinformatics Market is 13.6%, with an estimated value of $24.46 billion by 2027.

What is the forecasted size of the Global Bioinformatics Market?

The Global Bioinformatics Market is estimated to be worth $24.46 billion by 2027.

Who are the key companies in the Global Bioinformatics Market?

Key companies in the Global Bioinformatics Market include Agilent Technologies, Illumina, QIAGEN, Affymetrix, Thermo Fisher Scientific, BGI, Dassault Systems, Eurofins scientific and Biomax Informatix.

Table of Contents

1. Executive Summary

2. Bioinformatics Market Characteristics

3. Bioinformatics Market Trends And Strategies

4. Bioinformatics Market - Macro Economic Scenario
4.1 COVID-19 Impact On Bioinformatics Market
4.2 Ukraine-Russia War Impact On Bioinformatics Market
4.3 Impact Of High Inflation On Bioinformatics Market

5. Bioinformatics Market Size And Growth
5.1. Global Bioinformatics Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Bioinformatics Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market

6. Bioinformatics Market Segmentation
6.1. Global Bioinformatics Market, Segmentation By Products and Serivces, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Knowledge Management Tools
  • Data Analysis Platforms
  • Services
6.2. Global Bioinformatics Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Metabolomics
  • Molecular Phylogenetics
  • Transcriptomics
  • Proteomics
  • Chemoinformatics
  • Genomics
  • Other Applications
6.3. Global Bioinformatics Market, Segmentation By End Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Pharmaceutics
  • Animal Study
  • Agriculture
  • Forensic Science
  • Other end users
7. Bioinformatics Market Regional And Country Analysis
7.1. Global Bioinformatics Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Bioinformatics Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

8. Asia-Pacific Bioinformatics Market
8.1. Asia-Pacific Bioinformatics Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Bioinformatics Market, Segmentation By Products and Serivces, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8.3. Asia-Pacific Bioinformatics Market, Segmentation By End Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

9. China Bioinformatics Market
9.1. China Bioinformatics Market Overview
9.2. China Bioinformatics Market, Segmentation By Products and Serivces, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
9.3. China Bioinformatics Market, Segmentation By End Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

10. India Bioinformatics Market
10.1. India Bioinformatics Market, Segmentation By Products and Serivces, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
10.2. India Bioinformatics Market, Segmentation By End Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

11. Japan Bioinformatics Market
11.1. Japan Bioinformatics Market, Segmentation By Products and Serivces, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11.2. Japan Bioinformatics Market, Segmentation By End Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

12. Australia Bioinformatics Market
12.1. Australia Bioinformatics Market, Segmentation By Products and Serivces, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12.2. Australia Bioinformatics Market, Segmentation By End Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

13. Indonesia Bioinformatics Market
13.1. Indonesia Bioinformatics Market, Segmentation By Products and Serivces, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13.2. Indonesia Bioinformatics Market, Segmentation By End Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

14. South Korea Bioinformatics Market
14.1. South Korea Bioinformatics Market, Segmentation By Products and Serivces, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14.2. South Korea Bioinformatics Market, Segmentation By End Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

15. Western Europe Bioinformatics Market
15.1. Western Europe Bioinformatics Market Overview
15.2. Western Europe Bioinformatics Market, Segmentation By Products and Serivces, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15.3. Western Europe Bioinformatics Market, Segmentation By End Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

16. UK Bioinformatics Market
16.1. UK Bioinformatics Market, Segmentation By Products and Serivces, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16.2. UK Bioinformatics Market, Segmentation By End Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

17. Germany Bioinformatics Market
17.1. Germany Bioinformatics Market, Segmentation By Products and Serivces, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17.2. Germany Bioinformatics Market, Segmentation By End Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

18. France Bioinformatics Market
18.1. France Bioinformatics Market, Segmentation By Products and Serivces, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18.2. France Bioinformatics Market, Segmentation By End Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

19. Eastern Europe Bioinformatics Market
19.1. Eastern Europe Bioinformatics Market Overview
19.2. Eastern Europe Bioinformatics Market, Segmentation By Products and Serivces, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19.3. Eastern Europe Bioinformatics Market, Segmentation By End Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

20. Russia Bioinformatics Market
20.1. Russia Bioinformatics Market, Segmentation By Products and Serivces, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20.2. Russia Bioinformatics Market, Segmentation By End Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

21. North America Bioinformatics Market
21.1. North America Bioinformatics Market Overview
21.2. North America Bioinformatics Market, Segmentation By Products and Serivces, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21.3. North America Bioinformatics Market, Segmentation By End Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

22. USA Bioinformatics Market
22.1. USA Bioinformatics Market Overview
22.2. USA Bioinformatics Market, Segmentation By Products and Serivces, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22.3. USA Bioinformatics Market, Segmentation By End Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

23. South America Bioinformatics Market
23.1. South America Bioinformatics Market Overview
23.2. South America Bioinformatics Market, Segmentation By Products and Serivces, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23.3. South America Bioinformatics Market, Segmentation By End Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

24. Brazil Bioinformatics Market
24.1. Brazil Bioinformatics Market, Segmentation By Products and Serivces, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24.2. Brazil Bioinformatics Market, Segmentation By End Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

25. Middle East Bioinformatics Market
25.1. Middle East Bioinformatics Market Overview
25.2. Middle East Bioinformatics Market, Segmentation By Products and Serivces, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25.3. Middle East Bioinformatics Market, Segmentation By End Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

26. Africa Bioinformatics Market
26.1. Africa Bioinformatics Market Overview
26.2. Africa Bioinformatics Market, Segmentation By Products and Serivces, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26.3. Africa Bioinformatics Market, Segmentation By End Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

27. Bioinformatics Market Competitive Landscape And Company Profiles
27.1. Bioinformatics Market Competitive Landscape
27.2. Bioinformatics Market Company Profiles
27.2.1. Agilent Technologies
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Illumina
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. QIAGEN
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Affymetrix
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Thermo Fisher Scientific
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance

28. Key Mergers And Acquisitions In The Bioinformatics Market

29. Bioinformatics Market Future Outlook and Potential Analysis

30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Historic And Forecast Inflation Rates
30.4. Research Inquiries
30.5. About the Publisher
30.6. Copyright And Disclaimer

Executive Summary

Bioinformatics Global Market Report 2023 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on bioinformatics market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
  • Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Where is the largest and fastest growing market for bioinformatics? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The bioinformatics market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

Scope

Markets Covered

1) By Products and Serivces: Knowledge Management Tools; Data Analysis Platforms; Services
2) By Application: Metabolomics; Molecular Phylogenetics; Transcriptomics; Proteomics; Chemoinformatics; Genomics; Other Applications
3) By End Users: Pharmaceutics; Animal Study; Agriculture; Forensic Science; Other End Users

Companies Mentioned: Agilent Technologies; Illumina; QIAGEN; Affymetrix; Thermo Fisher Scientific

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery format: PDF, Word and Excel Data Dashboard.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Agilent Technologies
  • Illumina
  • QIAGEN
  • Affymetrix
  • Thermo Fisher Scientific
  • BGI
  • Dassault Systems
  • Eurofins scientific
  • Bruker Daltonics
  • Biomax Informatix
  • DNASTAR
  • Partek
  • Geneva Bioinformatics
  • Perkinelmer Inc.
  • Accelrys
  • SA Nonlinear Dynamics
  • Quest Diagnostics
  • Sophia Genetics
  • Waters Corporation
  • Permin Elmer Inc.
  • Applied Biologicals Materials.
  • Life Technologies
  • PerkinElmer
  • Waters Corporation
  • Sophia Genetics
  • Celera
  • Tripos
  • LP
  • Helicos Biosciences Incorporation
  • IBM Life Sciences

Methodology

Loading
LOADING...