Bioinformatics Services Global Market Is Expected To Grow At A Rate Of 16% Through 2023 – 2027
19 Jun, 2023
The global bioinformatics services market size is expected to grow from $3.19 billion in 2022 to $3.68 billion in 2023 at a compound annual growth rate (CAGR) of 15.19%. 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global bioinformatics services market size is expected to reach $6.67 billion in 2027 at a CAGR of 16.05%.
Global Bioinformatics Services Market Key Driver
The growing usage of information technology in healthcare is likely to drive future growth in the bioinformatics services industry. The rising use of information technology in healthcare has aided healthcare practitioners in enhancing the quality of care they deliver to patients, patient safety, efficiency, cost-cutting, and communication among healthcare experts. Bioinformatics services, which employ computer science and statistics to analyse biological data, are primarily reliant on information technology (IT).
Get a sample of the global bioinformatics services market reportGlobal Bioinformatics Services Market Segments
The global bioinformatics services market is segmented:
1) By Service: Sequencing Services, Data Analysis, Drug Discovery Services, Differential Gene Expression Analysis, Database And Management Services, Other Services
2) By Specialty: Medical Biotechnology, Animal Biotechnology, Plant Biotechnology, Environmental Biotechnology, Forensic Biotechnology
3) By Application: Genomics, Chemoinformatics And Drug Design, Proteomics, Transcriptomics, Metabolomics, Other Applications
4) By End User: Academic Institute And Research Centers, Hospital And Clinics, Pharmaceutical And Biotechnology Companies, CROs, Other End Users
5) By Geography: The regions covered in the bioinformatics services market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global bioinformatics services market.
Major Bioinformatics Services Industry Players
Thermo Fisher Scientific Inc., QIAGEN Digital Insights, Illumina Inc., DNAnexus Inc., PerkinElmer Inc., Biomax Informatics AG, Life Technologies Corporation, BGI Group, Eurofins Scientific SE, NeoGenomics Laboratories Inc., CD Genomics, MedGenome Labs, Fios Genomics, Geneva Bioinformatics (GeneBio) SA, GVK Biosciences, Accelerys Inc.
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Bioinformatics Services Market Overview
Bioinformatics services involve a wide range of computational tools, resources, and analyses utilized in bioinformatics. Bioinformatics services include the identification of connections between technical and biological variables in the study through the assessment of sample metadata, data quality control, and data normalization across samples.
Bioinformatics Services Global Market Report 2023 provides data on the global bioinformatics services market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The bioinformatics services market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.