Bioinformatics Market to Witness Exponential Expansion, Aiming for...

Bioinformatics Market to Witness Exponential Expansion, Aiming for USD 24.98 Billion Valuation by 2030 at a CAGR of 13.2%

Posted 2024-01-16 11:49:23

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Bioinformatics Market Overview:

The Global Bioinformatics Market Analysis" provides a comprehensive examination of the Bioinformatics market, focusing on global trends and analysis. The primary objective of this research is to furnish an overview of the Bioinformatics industry, encompassing detailed market segmentation by segment and geography. Substantial growth is anticipated in the Bioinformatics market over the forecast period. The study encompasses vital information on the market positions of leading Bioinformatics organizations, coupled with noteworthy industry trends and prospects.

Bioinformatics Market Scope:

Both top-down and bottom-up approaches are employed to validate and estimate market size by segment. The research bases market estimations on the sale price, excluding any manufacturer, distributor, wholesaler, or trader discounts. Weights based on usage rate and average sale price are applied to each area, yielding percentage splits, market shares, and segment breakdowns. Country-wise divisions of the overall market and its sub-segments are determined by the percentage adoption or usage of the specified market size in the relevant area or nation.

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Bioinformatics Market Segmentation:

Based on products and services, the bioinformatics platform segment dominated the largest Bioinformatics Market share in 2023. Bioinformatics is the application of computer technology to the understanding and effective use of biological data, which has become a frontline applied science and is of vital importance to today’s biological studies. The increasing need for new tools for better drug development is a new trend for segment growth. An increase in platform application is expected to drive in need from the life science firm for the identification and modification of structures.

Based on application, the genomic segment held the largest Bioinformatics Market share in 2023 and is expected to grow at a significant CAGR over the forecast period. Bioinformatics plays a vital role in studying genetic variations, identifying disease-related biomarkers, and enabling personalized medicine approaches.

by Product and Services

Knowledge Management Tools
Bioinformatics Platforms
Bioinformatics Services

by Application

Metabolomics
Molecular Phylogenetics
Transcriptomics
Proteomics
Chemoinformatics
Genomics
Others

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Bioinformatics Market Key Players:

North America
1. Thermo Fisher Scientific Inc. (USA)
2. Agilent Technologies Inc. (US)
3. Illumina Inc. (US)
4. Waters Corporation (US)
5. NeoGenomics Laboratories (US)
6. Perkin Elmer Inc. (US)
7. Seven Bridges Genomics, Inc. (US)
8. Station X, Inc. (US)
9. Active Motif, Inc. (US)
10. Bio-Rad Laboratories, Inc. (US)
Europe
11. Eurofins Scientific (Luxembourg)
12. QIAGEN N.V.(Netherlands)
13. Fios Genomics (UK)
14. Source BioScience (UK)
15. Genedata AG (Switzerland)
16. Eurofins Scientific SE (Luxembourg)
17. Genomatix Software GmbH (Germany)
18. Dassault Systèmes Biovia Corp. (France)
19. Sophia Genetics SA (Switzerland)

Bioinformatics Market Regional Analysis:

The research emphasizes geographic analysis, further subdivided into sub-regions and nations. This component provides profit estimates and market share figures for each country, examining share and growth rates across regions and countries during the projected time frame.

After evaluating political, economic, social, and technological factors influencing the Bioinformatics market in various sectors, the research presents a comprehensive PESTEL analysis for all five regions: North America, Europe, Asia Pacific, the Middle East, Africa, and South America.

Key Questions Answered in the Bioinformatics Market Report are:

What is the size of the Bioinformatics market?
Which regional market will take the lead in the next years?
Which application category is likely to grow the most quickly?
What growth prospects could exist in the Bioinformatics business in the next years?
What would be the most significant future obstacles for the Bioinformatics market?
Who are the market leaders in the category Bioinformatics ?
What are the key trends impacting market growth?

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