Global bioinformatics service market is Valued at USD 1.84 billion in 2019 and Expected to reach 4.96 billion by 2026 with the CAGR of 15.1% over the Forecast Period.
Increase demand for bioinformatics services as well as rise the research and development activity in application of genomics and protein sequencing are driving factors the global bioinformatics service market.
Scope of global bioinformatics service market reports –
The science of bioinformatics is the storage, retrieval and analysis of large amount of biological information. It is a multidisciplinary research field involving several different types of experts, including biologists, molecular scientists, computer sciencentists and mathematicians. Bioinformatics is distinct from medical information – a systematic field of the design, development, adoption and application of IT-based innovations in the delivery, management and planning of healthcare services. Biomedical informatics lies somewhere between the two disciplines – the interdisciplinary area that studies and pursues the effective use of biomedical data, information, and expertise for scientific research, problem-solving, and decision-making, driven by efforts to improve human health.
Global bioinformatics service market report segmented on basis type of technology and services, application, end users & by regional and country level. On the basis of technology and service, global bioinformatics service market is classified as bioinformatics database and management services, knowledge management tools and bioinformatics platforms. Based upon the application global bioinformatics service market is divided as genomics, proteomics, chemo informatics and drug design and others. On the basis end user, global bioinformatics service market is segmented into Hospitals, research organization, pharmaceutical and biotechnology companies and others the basis of country level, market is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Bioinformatics Service Manufacturers:
Some major key players for global bioinformatics service market are,
Thermo Fisher Scientific
PerkinElmer
Microsynth
MedGenome
GENEWIZ
Source Bioscience
BGI
NeoGenomics
CD Genomics
Eurofins Scientific
Macrogen
QIAGEN
Fios Genomics BaseClear
Others
Global bioinformatics service market dynamics –
Growing use of bioinformatics in laboratories and research centers, growing reliance on bioinformatics and high capital spending by pharmaceutical companies and growing funding for research are accelerating the growth of the bioinformatics services sector. On the basis of Technology and Services, the market is divided into Knowledge Management Tools, Bioinformatics Platform and Bioinformatics Services. Information management systems retained 37 percent of the largest market share in 2018. The growing demand for laboratory automation is projected to raise revenues on the market for the bioinformatics service. Advanced laboratories, such as genetic laboratories and clinical trial settings, require advanced data management software tools and systems to store, share and collect personal and other data securely, leading to market players' growth. Big Data analysis in healthcare industry has currently become the driving force for global bioinformatics service market to create opportunities in evolving optimal treatment pathways, developing the medical loss proportion and improved managing clinical inference provision systems. According to an International Data Corporation (IDC) report, it is found that big data is estimated to grow faster in healthcare sectors as compound annual growth rate (CAGR) of nearly 36 % through 2025. Moreover massive investment cost and require high infrastructure will restrain the global bioinformatics service market. Key player in the market are investing in to develop the continuous research and to track the record of patients suffering from savior disease will be opportunities for this market. Gynecological Devicess are usually utilized as actuators and sensors, and their associated "stimulus" and "response" is depicted in (Table 1). Major advantages of Gynecological Devices actuators and sensors include high energy density, fast response, compact size, and fewer moving parts. Gynecological Devicess are usually utilized as actuators and sensors, and their associated "stimulus" and "response" is depicted in (Table 1). Major advantages of Gynecological Devices actuators and sensors include high energy density, fast response, compact size, and fewer moving parts. Gynecological Devicess are usually utilized as actuators and sensors, and their associated "stimulus" and "response" is depicted in (Table 1). Major advantages of Gynecological Devices actuators and sensors include high energy density, fast response, compact size, and fewer moving parts. Gynecological Devicess are usually utilized as actuators and sensors, and their associated "stimulus" and "response" is depicted in (Table 1). Major advantages of Gynecological Devices actuators and sensors include high energy density, fast response, compact size, and fewer moving parts.
Global bioinformatics service market regional analysis –
North America is anticipated to continue to dominate the global market for bioinformatics services, owing to significant R&D expenditure, greater acceptance of technology advances and increased investment in bioinformatics technological innovations. Due to advanced healthcare systems, the availability of a large number of advanced laboratories and related facilities and the availability of many market players in the region. Findings that North America had the maximum market share of regional bioinformatics in 2018, from 36% to 38%. Asia Pacific is anticipated to register substantial rate rising improvements in technologies due to the surge in receiving of novel medical technologies in this region and expanding investments in healthcare sector as compared to other region.
Key benefits for global bioinformatics service market reports–
Global bioinformatics service market report covers in depth historical and forecast analysis.
Global bioinformatics service market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global bioinformatics service market report helps to identify opportunities in marketplace.
Global bioinformatics service market report covers extensive analysis of emerging trends and competitive landscape.
Global bioinformatics service market Segmentation –
By technology and services: Bioinformatics database and management services, knowledge management tools, Bioinformatics platforms
By application type: Genomics, Proteomics, Chemo Informatics, Drug Design, Others
By End user: Hospitals, Healthcare Organizations, Research organizations, Others
Regional & Country Analysis
North America, U.S., Mexico, Canada , Europe, UK, France, Germany, Italy , Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa.
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The global bioinformatics services market is expected to reach USD 3.53 billion by 2023 from USD 1.70 billion in 2018, at a CAGR of 15.7% during the forecast period.
Factors such as increasing public-private sector funding for bioinformatics services, the shortage of skilled bioinformatics professionals leading to increased outsourcing of biofinformatics projects, and growing applications of bioinformatics in various industries are expected to drive the growth of the bioinformatics services market.Growth in the global bioinformatics services market is mainly driven by the growing applications of bioinformatics in various industries, increasing public-private sector funding for bioinformatics services, and the shortage of skilled bioinformatics professionals leading to increased outsourcing of bioinformatics projects.
The reducing cost of sequencing and growing volume of data generated during sequencing, growing focus on outsourcing for the management of large volumes of data, and the emerging markets are also expected to present growth opportunities for players in the market.Download PDF Brochure@ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=75889439Industry Segmentation:On the basis of type, the bioinformatics services market is divided into sequencing services, data analysis services, drug discovery services, differential gene expression analysis, database management services, and other services.
The sequencing services segment is further classified into whole genome sequencing and de novo assembly, exome analysis, transcriptome analysis, metagenomic analysis, ChIP-Seq analysis, and other sequencing analysis, whereas data analysis services segment is classified into data mining, genomic analysis, proteomic analysis, and variant annotation and discovery.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 bioinformatics services market, by application, is segmented into genomics, chemoinformatics & drug design, proteomics, transcriptomics, metabolomics, and other applications.
The significant growth of the segment is attributed to the rising demand for more efficient data management facilities and the increasing number of research studies for the treatment of cancer using transcriptomics.North America dominated the market in 2017This report covers the bioinformatics services market data across four major geographies, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW).
According to the new market research report “Bioinformatics Services Market by Type (Sequencing, Data Analysis, Discovery, Gene Expression, Database Management), Specialty (Medical, Plant, Forensics), Application (Genomics, Metabolomics), Enduser (Academia, Pharma-biotech) – Global Forecast to 2026″, published by MarketsandMarkets™, the global market is projected to reach USD 5.3 Billion by 2026 from USD 2.5 Billion in 2021, at a CAGR of 15.8% during the forecast period.Browse in-depth TOC on “Bioinformatics Services Market”203 – Tables41 – Figures238 – PagesCOVID-19 Impact on the global Bioinformatics Services MarketBioinformatics services have always had huge potential when it comes to providing essential support to many areas of scientific research.
The COVID-19 pandemic was a real-life test for bioinformatics.
One of the major focus areas for every country during the COVID-19 pandemic has been to study and understand how to halt the progress of the virus.
Decoding the genome of the novel coronavirus was a crucial step in developing vaccines and for better understanding the mechanism of the virus and how it functions in the human body.Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=75889439The growing applications of bioinformatics across industries, increasing public-private sector funding for bioinformatics services, and the shortage of skilled bioinformatics professionals (leading to increased outsourcing of bioinformatics projects) are the major factors that are expected to drive the growth of the market during the forecast period.
However, the in-house development of bioinformatics solutions and publicly available bioinformatics tools are expected to limit market are expected to restrain market growth in the coming years.Based on application, the bioinformatics services market is segmented into genomics, chemoinformatics and drug design, proteomics, transcriptomics, metabolomics and other applications.
Large share is attributed to genomics segment due to increasing use of pharmacogenomic research for the development of precision medicine, favorable funding scenario for genomic research, and partnerships and collaborations between various life sciences and informatics companies for the development of advanced bioinformatics solutions and services.Based on type, the bioinformatics market is segmented into sequencing services, data analysis, drug discovery services, differential gene expression analysis, database and management services, and other bioinformatics services.
The global bioinformatics services market has experienced tremendous growth in the past decade due to factors such as advancement in technology, expanding application of information technology in health care, and increasing demand for data management tools in life sciences and biotechnology research sectors.
In addition, increase in government initiatives also boosts the growth of the biotechnology market globally.
In order to reduce the cost of research and development process, manufacturers are focusing on development of web-based software solutions, wherein researchers need to make marginal investment in analytical software.
Thus, owing to the mentioned factors, demand for web-based analytical software is expected to rise in the near future.
Therefore, web-based offerings in bioinformatics show potential growth opportunities for players operating in this market.
Bioinformatics techniques demand skilled manpower to derive accurate results.
The global Bioinformatics Services Market size is expected to value at USD 4.1 billion by 2024, due to increasing demand from healthcare sector to carry out various studies such as cell signaling, pathway metabolism, gene-receptor interactions, and target differentiation.
Globally, the bioinformatics services industry is predicted to grow at higher CAGR in the forecast period, providing numerous opportunities for market players to invest for research and development in the market.
Download Free Sample Report @ https://www.millioninsights.com/industry-reports/bioinformatics-services-market/request-sample Massive investment for research & development by both government authorities & private bodies in the areas of metabolomics, proteomics, and transcriptomic is anticipated to foster market requirement of advanced IT solutions for large data storage and enhanced analysis .Studies involving proteomics and genomics require large arrays of structural information, which has to be stored and processed accordingly to extract information.
The bioinformatics services helps to analyze and monitor large chunks of data with higher processing rate.
Other factor restraining industry growth include high volume statistics management and industry consolidation, particularly applicable for end-user manufactures.
Various types of bioinformatics services include next generation sequencing (NGS), chemoinformatics, microarray data analysis, biological data curation, and scientific software testing services.
The latest industry intelligence report on the Bioinformatics Services Market performs a cautious examination of the current business environment and competitive landscape of the Bioinformatics Services market for the forecast period, 2019 - 2026.
For stakeholders, field marketing executives and product owners planning to maintain a competitive edge the market assessment report brings to light essential impression about the growth rate, share and size of the industry during the estimated period.
Deep dive into an array of elements including but not limited to the value proposition, product positioning, and targeting and industry segmentation have been described through resources such as charts, tables, and info graphics.To look at the PDF Sample Report and get 30 minutes of a free consultation @ https://www.reportsanddata.com/sample-enquiry-form/1411Some of the key players of this market are Qiagen Inc., IBM Life Sciences, Illumina Inc., GVK Biosciences, Nxt-Dx, Biovia (Accelrys Inc), Non Linear Dynamics, Biomax Informatics AG., DNAnexus Inc., Affymretrix Inc., Geneva bioinformatics, Bruker Daltonics, and Life Technologies Corporation, among others.Scope of the Report:Based on the types, the Bioinformatics Services market has been further classified based on geography, application and consumption capability.
The different facets of the business based on parameters including new launches, acquisition and mergers and new entrants are discussed extensively during the study.Some key takeaways from the report The Bioinformatics Services market study for the forecast period, 2019 to 2026 discusses the prominent vendors catering to the specific demands of the customers?This research considers long-term factors that will impact the realized product sales?Subject matter experts take an aggregate as well as a long-run view of all various products and services involved.The valuable document captures the actual sales data?Industry experts produce estimated for demand and supply worldwide including regional and national Bioinformatics Services market.Determining the market size An important part of this study of the Bioinformatics Services market for the forecast period, 2019 to 2026 is the assessment of the market size.
Extensive coverage of market size will enable business owners to distinguish between the two major categories the opportunity for a product or service and the addressable market.
The analysis of trends further uncovers whether an alternate solution or a product is in the pipeline and available in the market.This section covers other aspects:Evaluation of static market sizingA closer look at the competitionResult derived from the bottom –up assessmentData on top-down Bioinformatics Services market sizingExtensive coverage of segments and sub-segments of the industryRead More In Press Release Here: https://www.reportsanddata.com/press-release/global-bioinformatics-services-marketSegmentation:For the purpose of this report, Reports and Data have segmented the global Bioinformatics Services Market on the basis of Service Type, Application, End User, and Region:Service Type Outlook (Revenue, USD Billion; 2016-2026)Sequencing ServicesData Analysis ServicesDrug Discovery ServicesDifferential Gene Expression AnalysisDatabase Management ServicesOthersApplication Outlook (Revenue, USD Billion; 2016-2026)GenomicsTranscriptomicsMetabolomicsDrug DiscoveryEnd User Outlook (Revenue, USD Billion; 2016-2026)AgricultureMedicalAnimalAcademic UsersRegional Outlook (Revenue, USD Billion; 2016-2026)North AmericaEuropeAsia PacificMEABrazilFind the extensive Report Description, TOC and Table of Figure @ https://www.reportsanddata.com/report-detail/bioinformatics-services-marketUnderstanding the competitive landscape The researcher conducting the study has invested time and effort to collect intelligence on major industry players.
