1. Market Research
  2. > Biotechnology
  3. > Genomics Market Trends
Bioinformatics Services Market by Type, Specialty, Application, End User - Global Forecast to 2023

Bioinformatics Services Market: Global Forecast until 2023

  • April 2018
  • 140 pages
  • ID: 5385676
In this report:
The data analysis segment is expected to account for a share of ##.##% of the global bioinformatics services market in 2018 and is projected to register the CAGR of ##.##% during the forecast period owing to the large volumes of data generated in life science research and diagnostics.
Of the four geographic regions studied in the report, in 2018, North America is expected to account for the largest share of ##.##% of the global bioinformatics services market, followed by Europe with a share of ##.##%.

Summary

Table of Contents

Search Inside

The overall bioinformatics services market forecasted to grow at a CAGR (Compound annual growth rate) of 15.70 percent.

The overall bioinformatics services market is estimated to grow ~$3.5B by 2023 from ~$1.7M in 2018, at a compound annual growth rate (CAGR) of 15.70 percent. Elements such as growing applications of bioinformatics in different industries, the shortage of skilled bioinformatics professionals leading to increased outsourcing of bioinformatics projects, and increasing public-private sector funding for bioinformatics services are anticipated to propel the increase of this market. Nevertheless, the in-house development of bioinformatics solutions and publically available bioinformatics tools are anticipated to restrain the rise of the bioinformatics services market in the estimate period.

The medical biotechnology segment is forecasted to dominate the industry in 2018.

The bioinformatics services market, by specialty, is divided into medical biotechnology, animal biotechnology, plant biotechnology, environmental biotechnology, and forensic biotechnology.The medical biotechnology segment is anticipated to command the most important share of the bioinformatics services market in 2018.

The biggest share of this segment can be accredited to the development of new databases for drug discovery, the use of bioinformatics for clinical diagnostics, and rising funding for the development of bioinformatics solutions for clinical diagnostics.

The academic institutes and research centers segment to grow at the highest CAGR (Compound annual growth rate) during 2018 to 2023.

On the basis of end user, the bioinformatics services market is broken down into academic institutes and research centers, hospitals and clinics, pharmaceutical and biotechnology firms, and other end users.The academic institutes and research centers segment is estimated to witness the highest rise during 2018-2023.

Growing scale of genomics research, increasing number of collaborations between academic research institutes and actors in the bioinformatics market, increasing number of government funding programs for genomics research, and the rising focus of market actors on providing efficient bioinformatics services that suit the requirements of researchers are some of the main factors driving the increase of this segment.

Asia-Pacific is forecasted to witness the highest increase during the outlook period.

The Asia Pacific bioinformatics services market is anticipated to grow at the highest compound annual growth rate (CAGR) from 2018 to 2023. Elements such as growing incidence of target diseases (including cancer and genetic diseases), growing awareness about the clinical applications of bioinformatics and its advantages over conventional methods, and increasing genomic and drug discovery research activities are driving the rise of the Asia Pacific bioinformatics services market.

Breakdown of supply-side primary interviews: by company category, description, and area:

• By Company category - Tier 1 -26.0 percent, Tier 2 -33.0 percent and Tier 3 -41.0 percent

• By Description - C-suite - 43.0 percent, Director-level - 36.0 percent, Others - 22.0 percent

• By Area - North America continent - 33.0 percent, Europe (EU) - 21.0 percent, Asia-Pac - 37.0 percent, RoW - 9.0 percent

As of 2017, the top players in the bioinformatics services market contain Illumina, Thermo Fisher Scientific, Eurofins Scientific, BGI, NeoGenomics, PerkinElmer, CD Genomics, Macrogen, QIAGEN, GENEWIZ, Source BioScience, Microsynth, MedGenome, Fios Genomics, and BaseClear, among others.

Segment Research

This report studies the bioinformatics services market established on category, specialty, application, final user, and area.The analysis also analyzes factors (including drivers, market restraints, possibilities, and opportunities) affecting market increase.

It evaluates alternatives and opportunities in the sector for partners and offers details of the competitive landscape for industry top players.The market research also studies micromarkets with respect to their increase trends, prospects, and contributions to the overall industry.

The industry report forecasts the revenue of the market segments with respect to four main regions.

Why Purchasing This Study Can Help You:

This study furnishes highlights on the following points:

• Market Uptake: Exhaustive data on strategic management approved by the main players in the bioinformatics services market. The analysis examines the bioinformatics services market established on category, specialty, application, end-user, and area

• Service Launches: Business insights on Research&development activities and service launches in the bioinformatics services market

• Market Development: Highlighted information about profitable emerging sectors. The market research examines the industries for different bioinformatics services across geographies

• industry diversification: Complete information about recent evolutions and market investments in the bioinformatics services market

• opposing assessment: In-depth assessment of market ranking, strategies, and services of leading actors in the bioinformatics services market

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Nicolas helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
Global Precision Medicine Market

Global Precision Medicine Market

  • $ 4250
  • Industry report
  • February 2018
  • by Mordor Intelligence LLP

Precision Medicine MarketThe global precision medicine market is expected to reach close to USD 40 billion by the end of 2016, gradually growing at an estimated CAGR of 10.3% by 2021. Precision medicine ...

Global Lab-on-a-Chip and Microarray Market

Global Lab-on-a-Chip and Microarray Market

  • $ 4250
  • Industry report
  • April 2018
  • by Mordor Intelligence LLP

Lab-on-a chip and Microarrays MarketThe market was valued at USD 8.28 billion in 2012 and is projected to reach USD 33.32 billion by 2021, at a CAGR of 32.07% during the forecast period from 2016 to 2021.A ...

Global Bioinformatics Partnering Terms and Agreements 2012 to 2018

Global Bioinformatics Partnering Terms and Agreements 2012 to 2018

  • $ 2995
  • Industry report
  • March 2018
  • by Currentpartnering

The Global Bioinformatics Partnering Terms and Agreements 2012 to 2018 report provides comprehensive understanding and unprecedented access to the bioinformatics partnering deals and agreements entered ...


ref:plp2018

Reportlinker.com © Copyright 2018. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on