The Bioinformatics Market size is expected to grow from USD 18.4 Billion in 2022 to USD 45.2 Billion by 2030, at a CAGR of 11.9 % during the forecast period.
The Bioinformatics Market size is expected to grow from USD 18.4 Billion in 2022 to USD 45.2 Billion by 2030, at a CAGR of 11.9 % during the forecast period.
The field of bioinformatics markets software tools and computer methods for managing, analyzing, and interpreting biological data. It includes the creation and distribution of bioinformatics solutions, such as software platforms, databases, and algorithms. In order to better understand biological processes, disease mechanisms, and drug discovery, bioinformatics is essential to genomics, proteomics, and other life sciences research. Tools from systems biology, structural bioinformatics, and sequence analysis are important parts. The market is being pushed by the need for precision medicine, the number of biological data that is expanding, and the developments in high-throughput technology. Scientific research, individualized medical treatment, and the creation of cutting-edge medications in the biotechnology and pharmaceutical industries are all aided by bioinformatics.
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Top Key Players Covered In Bioinformatics Market
Agilent Technologies Inc. (United States), Biomax Informatics Ag (Germany), Hybrigenics (France), Lumenogix (India), Dnanexus, Inc. (United States), Genedata Ag (Switzerland), Intrexon Bioinformatics Germany Gmbh (Germany), Illumina Inc. (United States), Perkinelmer Inc. (United States), Qiagen N.V. (Germany), Seven Bridges Genomics Inc. (United States), Thermo Fisher Scientific Inc. (United States), and Other Major Players
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Segmentation Analysis of the Bioinformatics Market
By Technology & Services
By Application
By Sector
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Regional Analysis in Bioinformatics Market
For the upcoming year, North America is predicted to hold the largest market share. This is due to the growing demand for better bioinformatics tools—which are crucial to the process of developing new drugs—as well as the rising use of more sophisticated technologies. Over the course of the forecast period, it is expected that the LAMEA market would grow at the fastest rate. The reason for this is the massive volumes of data generated by the latest developments in proteomics and genomes, which need to be analyzed and organized. Furthermore, although research endeavors in the area are progressively growing, the bioinformatics sector is still in its early phases of development.
By Region
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Dec 26, 2023