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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 ##.##%.


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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

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