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The global bioinformatics services market was valued at USD 2.78 billion in 2022 and growing at a CAGR of 15.90% from 2022 to 2030. The market is expected to reach USD 9.05 billion by 2030. The increasing performances of bioinformatics services across numerous end-use industries like forensics, consumer products, bioremediation, food and beverages, and agriculture, along with the rising economic support for bioinformatics services from the public and private sources, are pushing the development of the global bioinformatics services market. Similarly, creating advanced methods for forecasting putative protein series and gene function has resulted in bioinformatics services achieving tremendous popularity in science.
Bioinformatics solutions and service providers help with research, development, and the application of computational tools and techniques for growing the use of medical, behavioral, biological, and health data. These systems can receive, store, organize, archive, analyze and visualize data and are essential to the research and development of drug expansion and therapy programs. They define various fields with a specialty focus on different biological domains like sequencing, next-generation functional genomics, molecular biology, computational biology, and crystallography. Bioinformatics is the application of computer technology to comprehend and virtually use biomedical and biological data. It is the domain that stores, analyses, and decrypts the Big Data generated by life-science experiments or collected in a clinical context. The multidisciplinary field is operated by experts from different backgrounds, such as computer scientists, mathematicians, biologists, statisticians, and physicists. Bioinformatics is extensive data analysis for biological data sets. It needs statistical and computational analyses to pull meaning from biological data. However, bioinformatics can also refer to the growth of the software and methods used to understand biological data. Bioinformatics is an interdisciplinary field where computer science, biology, and statistics meet. The National Center for Biotechnology Information (NCBI) recently founded a more comprehensive definition of bioinformatics that points to the field's interdisciplinary nature. Bioinformatics is the procedure by which biological issues posed by the examination or study of biodata are analyzed and interpreted. Bioinformatics experts design programs, algorithms, codes, and analytic models to register and store data related to healthcare, biology, and the health sciences. It also includes the study of the human genome, biochemical proteins, pharmacological ingredients, and metabolic pathway readings.
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In March 2020: United States-based top bioinformatics service company Thermo Fisher Scientific Inc. achieved Qiagen for USD 11.5 billion. The investment will connect the technological benefits of genetic analysis with Qiagen’s bioinformatics. Furthermore, the bioinformatics services offering will enable to boost the market share of Thermo Fisher worldwide.
In November 2022, Germany-based Alacris Theranostics signed a collaboration with MGI Tech to enforce sequencing platforms nationwide. In expansion, French multinational pharmaceutical and healthcare company Sanofi has collaborated with BioMed X to clinically predict the effectiveness of first-in-class medication candidates utilizing digital data and artificial intelligence.
Cost-effectiveness- No need to hire full-timers; fewer salaries need to be covered. Moreover, no offices for the Bioinformaticians are required, no holidays need to be managed, and no training needs to be done. All those aspects and many others are overlooked when a Bioinformatics freelancer helps the person with the tasks. Similarly, India offers considerable cost-effectiveness in clinical trials and contract research. By outsourcing data management and analytics.
Qualified and skilled personnel- Informatics Outsourcing provides a large number of highly qualified PhDs scientists at a competitive FTE rate.
High cost involved in training and education- The ever-evolving sophistication of bioinformatics methods and the massive growth of biological data have led to the demand to develop better and more effective training and education programs for collecting and analyzing bioinformatics data which include high cost. By Introducing the advanced training programs for using Biofunctional Technologies, the EDUCOLLAB Group at the National Center for Biotechnology Information (NCBI) created a three-day intensive schedule for qualified students, faculty, and staff using NCBI online tools and commercial software.
The rising partnership between pharmaceuticals and IT Industry- The rising partnerships between information technology (IT) and pharma companies can boost the development of the bioinformatics services market over the forecast years. Multiple institutions are forming partnerships and collaborations to innovate and enhance essential healthcare technologies related to cloud computing. Therefore, the rising partnership between IT and pharma companies are creating significant opportunities for the bioinformatics services market.
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North America emerged as the largest market for the global bioinformatics services market, with a 35.6% share of the market revenue in 2022.
North America dominates a larger revenue share in the region. The fast adoption of bioinformatics in biological data analysis is pushing the market revenue growth in North America. Many pharmaceutical and healthcare companies like Merck & Co., Johnson & Johnson, Pfizer Inc., and others broadly include bioinformatics for clinical data analysis and determining potential drug targets for intervention. The U.S. is a prime destination for R&D in healthcare, and budget allocation approval in healthcare research is boosting the demand for bioinformatics services.
North America Region Bioinformatics Services Market Share in 2022 - 35.6%
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The product type segment is divided into sequencing services, data analysis services, gene expression, drug discovery services, data base management, and others. The sequencing services segment dominated the market, with a market share of around 18% in 2022. Bioinformatics is broadly adopted in categorizing and discovering various sequencing profiles, like RNASeq and Whole Genome Sequencing (WGS). Bioinformatics delivers several valuable insights for complicated biological sequencing data interpretation.
The application segment is divided into metabolomics, proteomics, transcriptomics, chemoinformatics & drug design, genomics, and others. The genomics segment dominated the market, with a market share of around 20% in 2022. Bioinformatics is mostly used in genome sequencing and genomic tests. Biotechnology and Pharmaceutical companies use genomics databases to comprehend, track and monitor contagious organisms and to determine treatments for chronic illness cases.
The end-use segment is divided into hospitals & clinics, pharmaceutical & biotechnology companies, and academic institutes & research centers. The academic institutes & research centers segment dominated the market, with a market share of around 34% in 2022. The considerable share of academic institutes and research centres segment can be at the growing scale of genomics research, the increasing number of partnerships between academic research institutes and key players in the bioinformatics market, the rising number of bioinformatics-based research analyses, and the growing number of government funding programs for genomic analysis are the essential factors for the segment growth.
Report Description:
| Attribute | Description |
|---|---|
| Market Size | Revenue (USD Billion) |
| Market size value in 2022 | USD 2.78 Billion |
| Market size value in 2030 | USD 9.05 Billion |
| CAGR (2022 to 2030) | 15.90% |
| Historical data | 2019-2020 |
| Base Year | 2021 |
| Forecast | 2022-2030 |
| Regional Segments | The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level. |
| Segments | Product Type, Application, End-Use |
As per The Brainy Insights, the size of the bioinformatics services market was valued at USD 2.78 billion in 2022 to USD 9.05 billion by 2030.
Global bioinformatics services market is growing at a CAGR of 15.90% during the forecast period 2022-2030.
High cost involve in training and education could hamper the market growth.
North America region emerged as the largest market for the bioinformatics services market.
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis by Product Type
4.3.2. Market Attractiveness Analysis by Application
4.3.3. Market Attractiveness Analysis by End-Use
4.3.4. Market Attractiveness Analysis by Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Cost-effectiveness
5.2.2. Qualified and skilled personnel
5.3. Restraints
5.3.1. High cost involved in training and education
5.4. Opportunities
5.4.1. The rising partnership between pharmaceuticals and IT Industry
6. Global Bioinformatics Services Market Analysis and Forecast, By Product Type:
6.1. Segment Overview
6.2. Sequencing Services
6.3. Data Analysis Services
6.4. Gene Expression
6.5. Drug Discovery Services
6.6. Data Base Management
6.7. Others
7. Global Bioinformatics Services Market Analysis and Forecast, By Application
7.1. Segment Overview
7.2. Metabolomics
7.3. Proteomics
7.4. Transcriptomics
7.5. Chemoinformatics & Drug Design
7.6. Genomics
7.7. Others
8. Global Bioinformatics Services Market Analysis and Forecast, By End-Use
8.1. Segment Overview
8.2. Hospitals & Clinics
8.3. Pharmaceutical & Biotechnology Companies
8.4. Academic Institutes & Research Centers
9. Global Bioinformatics Services Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Bioinformatics Services Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in the Bioinformatics Services Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Product Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. Agilent Technologies, Inc.
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Product Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. BGI Group.
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Product Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. Biomatters Geneious
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Product Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Biomax Informatics AG
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Product Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. CD Genomics
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Product Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. Creative-Biolabs
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Product Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. DNANEXUS, INC
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Product Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. DNASTAR.
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Product Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. FIOS Genomics
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Product Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. Gene Code Corporation.
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Product Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
11.11. GSL Biotech LLC (SnapGene.
11.11.1. Business Overview
11.11.2. Company Snapshot
11.11.3. Company Market Share Analysis
11.11.4. Company Product Portfolio
11.11.5. Recent Developments
11.11.6. SWOT Analysis
11.12. Illumina, Inc.
11.12.1. Business Overview
11.12.2. Company Snapshot
11.12.3. Company Market Share Analysis
11.12.4. Company Product Portfolio
11.12.5. Recent Developments
11.12.6. SWOT Analysis
11.13. PerkinElmer Inc.
11.13.1. Business Overview
11.13.2. Company Snapshot
11.13.3. Company Market Share Analysis
11.13.4. Company Product Portfolio
11.13.5. Recent Developments
11.13.6. SWOT Analysis
11.14. Premier Biosoft.
11.14.1. Business Overview
11.14.2. Company Snapshot
11.14.3. Company Market Share Analysis
11.14.4. Company Product Portfolio
11.14.5. Recent Developments
11.14.6. SWOT Analysis
11.15. QIAGEN N.V.
11.15.1. Business Overview
11.15.2. Company Snapshot
11.15.3. Company Market Share Analysis
11.15.4. Company Product Portfolio
11.15.5. Recent Developments
11.15.6. SWOT Analysis
11.16. Strand Life Sciences, Inc.
11.16.1. Business Overview
11.16.2. Company Snapshot
11.16.3. Company Market Share Analysis
11.16.4. Company Product Portfolio
11.16.5. Recent Developments
11.16.6. SWOT Analysis
11.17. Thermo Fisher Scientific.
11.17.1. Business Overview
11.17.2. Company Snapshot
11.17.3. Company Market Share Analysis
11.17.4. Company Product Portfolio
11.17.5. Recent Developments
11.17.6. SWOT Analysis
List of Table
1. Global Bioinformatics Services Market, By Product Type, 2019-2030 (USD Billion)
2. Global Sequencing Services Bioinformatics Services Market, By Region, 2019-2030 (USD Billion)
3. Global Data Analysis Services Bioinformatics Services Market, By Region, 2019-2030 (USD Billion)
4. Global Gene Expression Bioinformatics Services Market, By Region, 2019-2030 (USD Billion)
5. Global Drug Discovery Services Market, By Region, 2019-2030 (USD Billion)
6. Global Data Base Management Market, By Region, 2019-2030 (USD Billion)
7. Global Others Market, By Region, 2019-2030 (USD Billion)
8. Global Bioinformatics Services Market, By Application, 2019-2030 (USD Billion)
9. Global Metabolomics Bioinformatics Services Market, By Region, 2019-2030 (USD Billion)
10. Global Proteomics Bioinformatics Services Market, By Region, 2019-2030 (USD Billion)
11. Global Transcriptomics Bioinformatics Services Market, By Region, 2019-2030 (USD Billion)
12. Global Chemoinformatics & Drug Design Bioinformatics Services Market, By Region, 2019-2030 (USD Billion)
13. Global Genomics Bioinformatics Services Market, By Region, 2019-2030 (USD Billion)
14. Global Others Bioinformatics Services Market, By Region, 2019-2030 (USD Billion)
15. Global Bioinformatics Services Market, By End-Use, 2019-2030 (USD Billion)
16. Global Hospitals & Clinics Bioinformatics Services Market, By Region, 2019-2030 (USD Billion)
17. Global Pharmaceutical & Biotechnology Companies Bioinformatics Services Market, By Region, 2019-2030 (USD Billion)
18. Global Academic Institutes & Research Centers Bioinformatics Services Market, By Region, 2019-2030 (USD Billion)
19. North America Bioinformatics Services Market, By Product Type, 2019-2030 (USD Billion)
20. North America Bioinformatics Services Market, By Application, 2019-2030 (USD Billion)
21. North America Bioinformatics Services Market, By End-Use, 2019-2030 (USD Billion)
22. U.S. Bioinformatics Services Market, By Product Type, 2019-2030 (USD Billion)
23. U.S. Bioinformatics Services Market, By Application, 2019-2030 (USD Billion)
24. U.S. Bioinformatics Services Market, By End-Use, 2019-2030 (USD Billion)
25. Canada Bioinformatics Services Market, By Product Type, 2019-2030 (USD Billion)
26. Canada Bioinformatics Services Market, By Application, 2019-2030 (USD Billion)
27. Canada Bioinformatics Services Market, By End-Use, 2019-2030 (USD Billion)
28. Mexico Bioinformatics Services Market, By Product Type, 2019-2030 (USD Billion)
29. Mexico Bioinformatics Services Market, By Application, 2019-2030 (USD Billion)
30. Mexico Bioinformatics Services Market, By End-Use, 2019-2030 (USD Billion)
31. Europe Bioinformatics Services Market, By Product Type, 2019-2030 (USD Billion)
32. Europe Bioinformatics Services Market, By Application, 2019-2030 (USD Billion)
33. Europe Bioinformatics Services Market, By End-Use, 2019-2030 (USD Billion)
34. Germany Bioinformatics Services Market, By Product Type, 2019-2030 (USD Billion)
35. Germany Bioinformatics Services Market, By Application, 2019-2030 (USD Billion)
36. Germany Bioinformatics Services Market, By End-Use, 2019-2030 (USD Billion)
37. France Bioinformatics Services Market, By Product Type 2019-2030 (USD Billion)
38. France Bioinformatics Services Market, By Application, 2019-2030 (USD Billion)
39. France Bioinformatics Services Market, By End-Use, 2019-2030 (USD Billion)
40. U.K. Bioinformatics Services Market, By Product Type, 2019-2030 (USD Billion)
41. U.K. Bioinformatics Services Market, By Application, 2019-2030 (USD Billion)
42. U.K. Bioinformatics Services Market, By End-Use, 2019-2030 (USD Billion)
43. Italy Bioinformatics Services Market, By Product Type, 2019-2030 (USD Billion)
44. Italy Bioinformatics Services Market, By Application, 2019-2030 (USD Billion)
45. Italy Bioinformatics Services Market, By End-Use, 2019-2030 (USD Billion)
46. Spain Bioinformatics Services Market, By Product Type, 2019-2030 (USD Billion)
47. Spain Bioinformatics Services Market, By Application, 2019-2030 (USD Billion)
48. Spain Bioinformatics Services Market, By End-Use, 2019-2030 (USD Billion)
49. Asia Pacific Bioinformatics Services Market, By Product Type, 2019-2030 (USD Billion)
50. Asia Pacific Bioinformatics Services Market, By Application, 2019-2030 (USD Billion)
51. Asia Pacific Bioinformatics Services Market, By End-Use, 2019-2030 (USD Billion)
52. Japan Bioinformatics Services Market, By Product Type, 2019-2030 (USD Billion)
53. Japan Bioinformatics Services Market, By Application, 2019-2030 (USD Billion)
54. Japan Bioinformatics Services Market, By End-Use, 2019-2030 (USD Billion)
55. China Bioinformatics Services Market, By Product Type 2019-2030 (USD Billion)
56. China Bioinformatics Services Market, By Application, 2019-2030 (USD Billion)
57. China Bioinformatics Services Market, By End-Use, 2019-2030 (USD Billion)
58. India Bioinformatics Services Market, By Product Type 2019-2030 (USD Billion)
59. India Bioinformatics Services Market, By Application, 2019-2030 (USD Billion)
60. India Bioinformatics Services Market, By End-Use, 2019-2030 (USD Billion)
61. South America Bioinformatics Services Market, By Product Type, 2019-2030 (USD Billion)
62. South America Bioinformatics Services Market, By Application, 2019-2030 (USD Billion)
63. South America Bioinformatics Services Market, By End-Use, 2019-2030 (USD Billion)
64. Brazil Bioinformatics Services Market, By Product Type 2019-2030 (USD Billion)
65. Brazil Bioinformatics Services Market, By Application, 2019-2030 (USD Billion)
66. Brazil Bioinformatics Services Market, By End-Use, 2019-2030 (USD Billion)
67. Middle East and Africa Bioinformatics Services Market, By Product Type, 2019-2030 (USD Billion)
68. Middle East and Africa Bioinformatics Services Market, By Application, 2019-2030 (USD Billion)
69. Middle East and Africa Bioinformatics Services Market, By End-Use, 2019-2030 (USD Billion)
70. UAE Bioinformatics Services Market, By Product Type, 2019-2030 (USD Billion)
71. UAE Bioinformatics Services Market, By Application, 2019-2030 (USD Billion)
72. UAE Bioinformatics Services Market, By End-Use, 2019-2030 (USD Billion)
73. South Africa Bioinformatics Services Market, By Product Type 2019-2030 (USD Billion)
74. South Africa Bioinformatics Services Market, By Application, 2019-2030 (USD Billion)
75. South Africa Bioinformatics Services Market, By End-Use, 2019-2030 (USD Billion)
List of Figures
1. Global Bioinformatics Services Market Segmentation
2. Bioinformatics Services Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Bioinformatics Services Market Attractiveness Analysis by Product Type
9. Global Bioinformatics Services Market Attractiveness Analysis by Application
10. Global Bioinformatics Services Market Attractiveness Analysis by End-Use
11. Global Bioinformatics Services Market Attractiveness Analysis by Region
12. Global Bioinformatics Services Market: Dynamics
13. Global Bioinformatics Services Market Share by Product Type (2022 & 2030)
14. Global Bioinformatics Services Market Share by Application (2022 & 2030)
15. Global Bioinformatics Services Market Share by End-Use (2022 & 2030)
16. Global Bioinformatics Services Market Share by Regions (2022 & 2030)
17. Global Bioinformatics Services Market Share by Company (2021)
This study forecasts revenue at global, regional, and country levels from 2019 to 2030. The Brainy Insights has segmented the global bioinformatics services market based on below mentioned segments:
Global Bioinformatics Services Market Product Type:
Global Bioinformatics Services Market Application:
Global Bioinformatics Services Market End-Use
Global Bioinformatics Services Market by Region:
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Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.
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The data procurement stage involves in data gathering and collecting through various data sources.
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Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.
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In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.
Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:
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