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Bioinformatics Market by Product, Applications, & Sectors - Global Forecast to 2023

Bioinformatics Market: Global Forecast until 2023

  • September 2018
  • 196 pages
  • ID: 4278429
In this report:
The genomics segment is expected to hold the largest share of ##.##% in the market in 2018 and to grow at a CAGR of ##.##% during the forecast period.
The US is expected to account for a share of ##.##% of the bioinformatics market in 2018, while Canada is expected to account for the remaining ##.##% market share.

Summary

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The overall bioinformatics market is estimated to rise at a compound annual growth rate of 14.50 percent.

The overall bioinformatics market is estimated to grow ~$13.5B in 2023 from ~$7.7B in 2018, at Compound annual growth rate of 14.50 percent. Increasing demand for nucleic acid and protein sequencing, applications of bioinformatics in proteomics and drug discovery, clinical diagnostics and personalized medicine are the main factors driving the increase of the bioinformatics market. On the other hand, lack of well-defined standards and common formats for data integration are the main factor restraining market rise.

By product & service, the knowledge management segment is projected to account for the biggest share in 2018.

On the basis of product and service, the overall bioinformatics market is detached into knowledge management tools, bioinformatics platforms, and services. In 2018, the knowledge management tools segment is envisaged to account for the biggest share of the overall bioinformatics market due to the big amount of sequencing data that is being processed in the industry research and clinical space.

The metabolomics segment is anticipated to increase at the highest compound annual growth rate (CAGR) during the estimate period.

On the basis of applications, the overall bioinformatics market is detached into genomics, chemoinformatics and drug design, proteomics, transcriptomics, and metabolomics.The metabolomics segment is planned to account for the maximum growth rate in the bioinformatics market during the outlook period.

The growing application of metabolomics in different disease-related projects and support from the government in the form of funding is positively affecting market increase.

The medical biotechnology segment is anticipated to rise at the highest level rate during the estimate period.

On the basis of market, the overall bioinformatics market is detached into medical biotechnology, academics, animal biotechnology, agricultural biotechnology, environmental biotechnology, and forensic biotechnology.The medical biotechnology is divided into drug discovery & development, clinical diagnostics & precision medicine, reproductive health.

In 2023, the medical biotechnology segment is intended to account for the more considerable rise of the bioinformatics market. The increasing adoption of bioinformatics tools in pharma and clinical applications is driving industry growth.

APAC is anticipated to grow at the maximal rate during the outlook period.

By area, Asia-Pac is forecasted to account for the more important rise of the bioinformatics market by 2023, succeeded by North America continent. The high increase of Asia Pacific market is primarily attributed to growing penetration of cutting-edge research and clinical laboratory technologies and growing public- and private-sector investments in genomics, proteomics, and related technologies.

Break-up profile of primaries:

• By Type of company- tier 1 - 45.0 percent, Tier 2 - 40.0 percent and Tier 3 - 15.0 percent

• By Designation- C-level - 41.0 percent, D-level - 30.0 percent and Others - 29.0 percent

• By Region- North America - 36.0 percent, Europe (EU) - 30.0 percent, Asia Pacific (APAC) - 21.0 percent, and rest of the world - 13.0 percent

The top players in the bioinformatics market are Thermo Fisher Scientific, Illumina Inc, Agilent Technologies (NYSE:A), QIAGEN, BGI, Wuxi NextCODE, Eurofins Scientific, Waters Corporation, Sophia Genetics, Partek, and DNASTAR.

Segment Research

The bioinformatics market in this business report is broken down by product & service, applications, markets, and area. The study tracks and analyzes competitive developments including product launches, collaborations, strategic agreements, alliances, and acquisitions, and profiles top actors and core competencies in the bioinformatics market.

Why acquiring this study can help you:

This study furnishes highlights on the following points:

• Market Uptake: Exhaustive data on portfolios provided by the top actors in the overall bioinformatics market

• Product Development/Innovative products: In-depth understanding on up-on-coming technologies, analysis & growth activities, and launches of new product in the bioinformatics market

• Market Development: Highlighted information about lucrative emerging markets-the report examines the industries for bioinformatics products across localities

• industry diversification: Complete information about recent products, untapped areas, and recent evolutions in the overall bioinformatics market

• opposing assessment: Detailed assessment of strategies, products, and manufacturing capabilities of the main actors in the bioinformatics market

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