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Bioinformatics Market by Product and Geography - Forecast and Analysis 2022-2026

  • Published: Jun 2022
  • Pages: 138
  • SKU: IRTNTR73655
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The bioinformatics market share is expected to increase to USD 12.95 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 17.07%.

This bioinformatics market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers bioinformatics market segmentation by product (platforms, tools, and services) and geography (North America, Europe, Asia, and Rest of World (ROW)). The bioinformatics market report also offers information on several market vendors, including Agilent Technologies Inc., Bio Rad Laboratories Inc., Biomax Informatics AG, Brooks Automation Inc., DNASTAR Inc., Eurofins Scientific SE, Fios Genomics Ltd., Genedata AG, Geneva Bioinformatics SA, Illumina Inc., Intrexon Bioinformatics Germany GmbH, Partek Inc., PerkinElmer Inc., QIAGEN NV, Quest Diagnostics Inc., Seven Bridges Genomics Inc., Source BioScience, Thermo Fisher Scientific Inc., Waters Corp., and ZS Associates Inc. among others.

What will the Bioinformatics Market Size be During the Forecast Period?

Bioinformatics Market Size

Download the Free Report Sample to Unlock the Bioinformatics Market Size for the Forecast Period and Other Important Statistics

 

Bioinformatics Market: Key Drivers, Trends, and Challenges

The increasing R&D investments by pharmaceutical and biopharmaceutical companies is notably driving the bioinformatics market growth, although factors such as shortage of trained laboratory professionals may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the bioinformatics industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Bioinformatics Market Driver

  • One of the key factors driving the global bioinformatics market growth is the increasing R&D investments by pharmaceutical and biopharmaceutical companies.
  • The rising prevalence and incidence of various chronic diseases, such as diabetes, chronic obstructive pulmonary disease (COPD), asthma, cancer, heart diseases, arthritis, cystic fibrosis, and dementia, has increased the need for developing drugs for treatment.
  • According to the CDC, every 6 in 10 adults in the US have a chronic disease such as diabetes, cancer, and heart disease.
  • Pharmaceutical industries are spending more on R&D for the continuous development of new product pipelines in order to introduce new drugs and increase their revenue.
  • The companies majorly spend approximately 65% and 35% of their revenue on the discovery and early-stage development and late-stage development of bioinformatics-assisted drugs, respectively.
  • The elaborative R&D process has increased the demand for advanced software to accelerate the process, which will bioinformatics market growth during the forecast period.

Key Bioinformatics Market Trend

  • Development of sophisticated bioinformatics tools for NGS is one of the key bioinformatics market trends that is expected to impact the industry positively in the forecast period.
  • Several companies are offering commercial solutions for NGS, which address the issues associated with the scale of analysis and the need for command-line computer languages.
  • In March 2021, Agilent Technologies Inc. announced that it had entered into an agreement to acquire Resolution Bioscience Inc. to develop and commercialize NGS-based precision oncology solutions.
  • One of the key bioinformatics tools used for DNA sequencing is Oxford Nanopore's MinION. This device helps identify mutations in viruses and track their evolutionary history by enabling real-time, on-site DNA sequencing.
  • Empowering the Development of Genomics Expertise (EDGE) is another bioinformatics tool, which processes NGS data and provides analytical workflows, such as PCR analysis. 

Key Bioinformatics Market Challenge

  • One of the key challenges to the global bioinformatics market growth is the shortage of trained laboratory professionals.
  • The interpretation of results becomes increasingly important, and researchers must be aware of what analysis to conduct and how to correlate it with the overall objective of the experiment. For instance, laboratory informatics systems allow effective management of a large amount of data and break down research and discovery silos. However, for a successful protein research experiment, the researcher needs to take care of multiple factors and therefore have expertise in protein research experiments.
  • Personnel turnover is also an increasing problem. As the need and competition for qualified laboratory personnel increases, the annual turnover rates for certain categories of personnel in the laboratory exceed 20%.
  • Attrition of laboratory professionals can be due to several factors such as dissatisfaction with salaries, inadequate training programs, the absence of job satisfaction, and the lack of awareness about laboratory professions among young people.
  • The low compensation package is a major factor adding to high attrition rates as the wage rate per hour for laboratory professionals is a lowly USD 15/hour.
  • The lack of professionals is expected to affect the growth of the market during the forecast period.

This bioinformatics market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global bioinformatics market as a part of the global life science tools and services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the bioinformatics market during the forecast period.

Who are the Major Bioinformatics Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Agilent Technologies Inc.
  • Bio Rad Laboratories Inc.
  • Biomax Informatics AG
  • Brooks Automation Inc.
  • DNASTAR Inc.
  • Eurofins Scientific SE
  • Fios Genomics Ltd.
  • Genedata AG
  • Geneva Bioinformatics SA
  • Illumina Inc.
  • Intrexon Bioinformatics Germany GmbH
  • Partek Inc.
  • PerkinElmer Inc.
  • QIAGEN NV
  • Quest Diagnostics Inc.
  • Seven Bridges Genomics Inc.
  • Source BioScience
  • Thermo Fisher Scientific Inc.
  • Waters Corp.
  • ZS Associates Inc.

 

This statistical study of the bioinformatics market encompasses successful business strategies deployed by the key vendors. The bioinformatics market is fragmented and the vendors are deploying growth strategies such as investment in research and development to compete in the market.

Product Insights and News

  • Agilent Technologies Inc. - The company offers bioinformatics solutions such as CGH Secondary Analysis, NGS Secondary Analysis, and CGH, NGS Tertiary Analysis which helps to design a custom panel, analyze genomic data, interpret findings in the context of relevant databases, and manage laboratory information. 
  • azenta.com - The company offers bioinformatics solutions such as Whole Genome BI Solutions, RNA-Seq BI Solutions, and Metagenomics BI Solutions, which help to analyze and manage vast quantities of data available as standalone services for bioinformatics projects.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The bioinformatics market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Bioinformatics Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the bioinformatics market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Bioinformatics Market?

Bioinformatics Market Market segmentation by region

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46% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for bioinformatics in North America. Market growth in this region will be faster than the growth of the market in Europe and ROW.

The presence of conglomerate companies such as Thermo Fisher Scientific and PerkinElmer and the growing focus on genome mapping programs will facilitate the bioinformatics market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The COVID-19 outbreak drove the regional bioinformatics market owing to the increasing need for genomic testing and research activities to treat patients with COVID-19 in many North American countries, including the US, Canada, and Mexico, in 2020. The emergence of the COVID-19 pandemic caused by SARS-CoV-2 has presented the scientific community in the region with an urgent need to understand all the aspects of this novel virus. Assessing the core NGS features in regional populations can be used for comparative analysis to identify unique features of SARS-CoV-2 and assist in epidemiologic and public health endeavors. Such factors have increased the demand for bioinformatics products and services in the region in 2021, which, in turn, is expected to drive market growth in the market in focus during the forecast period.

What are the Revenue-generating Product Segments in the Bioinformatics Market?

Bioinformatics Market Segmentation

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The bioinformatics market share growth by the platforms segment will be significant during the forecast period. The platform plays an essential role in organizing genomic sequencing for clinicians and patients to provide details to inform appropriate treatment change rapidly and better chances for a positive response. Thus, owing to such factors, the platforms segment of the concerned market will grow at a rapid pace in the forecast years.

This report provides an accurate prediction of the contribution of all the segments to the growth of the bioinformatics market size and actionable market insights on post COVID-19 impact on each segment.

 

Bioinformatics Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 17.07%

Market growth 2022-2026

$ 12.95 billion

Market structure

Fragmented

YoY growth (%)

16.5

Regional analysis

North America, Europe, Asia, and Rest of World (ROW)

Performing market contribution

North America at 46%

Key consumer countries

US, Canada, Germany, UK, and France

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Agilent Technologies Inc., Bio Rad Laboratories Inc., Biomax Informatics AG, Brooks Automation Inc., DNASTAR Inc., Eurofins Scientific SE, Fios Genomics Ltd., Genedata AG, Geneva Bioinformatics SA, Illumina Inc., Intrexon Bioinformatics Germany GmbH, Partek Inc., PerkinElmer Inc., QIAGEN NV, Quest Diagnostics Inc., Seven Bridges Genomics Inc., Source BioScience, Thermo Fisher Scientific Inc., Waters Corp., and ZS Associates Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Bioinformatics Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive bioinformatics market growth during the next five years
  • Precise estimation of the bioinformatics market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the bioinformatics industry across North America, Europe, Asia, and Rest of World (ROW)
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of bioinformatics market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Product

    • 5.1 Market segments
      • Exhibit 24: Chart on Product - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Product - Market share 2021-2026 (%)
    • 5.2 Comparison by Product
      • Exhibit 26: Chart on Comparison by Product
      • Exhibit 27: Data Table on Comparison by Product
    • 5.3 Platforms - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Platforms - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Platforms - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Platforms - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Platforms - Year-over-year growth 2021-2026 (%)
    • 5.4 Tools - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Tools - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Tools - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Tools - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Tools - Year-over-year growth 2021-2026 (%)
    • 5.5 Services - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Services - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on Services - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on Services - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Services - Year-over-year growth 2021-2026 (%)
    • 5.6 Market opportunity by Product
      • Exhibit 40: Market opportunity by Product ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 42: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 44: Chart on Geographic comparison
      • Exhibit 45: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 Asia - Market size and forecast 2021-2026
      • Exhibit 54: Chart on Asia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on Asia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on Asia - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on Asia - Year-over-year growth 2021-2026 (%)
    • 7.6 Rest of World (ROW) - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)
    • 7.7 US - Market size and forecast 2021-2026
      • Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.8 Germany - Market size and forecast 2021-2026
      • Exhibit 66: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.9 UK - Market size and forecast 2021-2026
      • Exhibit 70: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.10 Canada - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on Canada - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Canada - Year-over-year growth 2021-2026 (%)
    • 7.11 France - Market size and forecast 2021-2026
      • Exhibit 78: Chart on France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on France - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on France - Year-over-year growth 2021-2026 (%)
    • 7.12 Market opportunity by geography
      • Exhibit 82: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 85: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 86: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 87: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 88: Matrix on vendor position and classification
            • 10.3 Agilent Technologies Inc.
              • Exhibit 89: Agilent Technologies Inc. - Overview
              • Exhibit 90: Agilent Technologies Inc. - Business segments
              • Exhibit 91: Agilent Technologies Inc. - Key news
              • Exhibit 92: Agilent Technologies Inc. - Key offerings
              • Exhibit 93: Agilent Technologies Inc. - Segment focus
            • 10.4 Brooks Automation Inc.
              • Exhibit 94: Brooks Automation Inc. - Overview
              • Exhibit 95: Brooks Automation Inc. - Business segments
              • Exhibit 96: Brooks Automation Inc. - Key offerings
              • Exhibit 97: Brooks Automation Inc. - Segment focus
            • 10.5 DNASTAR Inc.
              • Exhibit 98: DNASTAR Inc. - Overview
              • Exhibit 99: DNASTAR Inc. - Product / Service
              • Exhibit 100: DNASTAR Inc. - Key offerings
            • 10.6 Eurofins Scientific SE
              • Exhibit 101: Eurofins Scientific SE - Overview
              • Exhibit 102: Eurofins Scientific SE - Business segments
              • Exhibit 103: Eurofins Scientific SE - Key news
              • Exhibit 104: Eurofins Scientific SE - Key offerings
              • Exhibit 105: Eurofins Scientific SE - Segment focus
            • 10.7 Geneva Bioinformatics SA
              • Exhibit 106: Geneva Bioinformatics SA - Overview
              • Exhibit 107: Geneva Bioinformatics SA - Product / Service
              • Exhibit 108: Geneva Bioinformatics SA - Key offerings
            • 10.8 Illumina Inc.
              • Exhibit 109: Illumina Inc. - Overview
              • Exhibit 110: Illumina Inc. - Business segments
              • Exhibit 111: Illumina Inc. - Key news
              • Exhibit 112: Illumina Inc. - Key offerings
              • Exhibit 113: Illumina Inc. - Segment focus
            • 10.9 PerkinElmer Inc.
              • Exhibit 114: PerkinElmer Inc. - Overview
              • Exhibit 115: PerkinElmer Inc. - Business segments
              • Exhibit 116: PerkinElmer Inc. - Key news
              • Exhibit 117: PerkinElmer Inc. - Key offerings
              • Exhibit 118: PerkinElmer Inc. - Segment focus
            • 10.10 QIAGEN NV
              • Exhibit 119: QIAGEN NV - Overview
              • Exhibit 120: QIAGEN NV - Product / Service
              • Exhibit 121: QIAGEN NV - Key news
              • Exhibit 122: QIAGEN NV - Key offerings
            • 10.11 Thermo Fisher Scientific Inc.
              • Exhibit 123: Thermo Fisher Scientific Inc. - Overview
              • Exhibit 124: Thermo Fisher Scientific Inc. - Business segments
              • Exhibit 125: Thermo Fisher Scientific Inc. - Key news
              • Exhibit 126: Thermo Fisher Scientific Inc. - Key offerings
              • Exhibit 127: Thermo Fisher Scientific Inc. - Segment focus
            • 10.12 Waters Corp.
              • Exhibit 128: Waters Corp. - Overview
              • Exhibit 129: Waters Corp. - Business segments
              • Exhibit 130: Waters Corp. - Key news
              • Exhibit 131: Waters Corp. - Key offerings
              • Exhibit 132: Waters Corp. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 133: Inclusions checklist
                • Exhibit 134: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 135: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 136: Research methodology
                • Exhibit 137: Validation techniques employed for market sizing
                • Exhibit 138: Information sources
              • 11.5 List of abbreviations
                • Exhibit 139: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
              Interested in this report?
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              Bioinformatics Market market growth will increase by $12.95 billion during 2022-2026.
              The bioinformatics market market is expected to grow at a CAGR of 17.07% during 2022-2026.
              Technavio has segmented the bioinformatics market market by product (Platforms, Tools, and Services) and geography (North America, Europe, Asia, and Rest of World (ROW)).
              Agilent Technologies Inc., Bio Rad Laboratories Inc., Biomax Informatics AG, Brooks Automation Inc., DNASTAR Inc., Eurofins Scientific SE, Fios Genomics Ltd., Genedata AG, Geneva Bioinformatics SA, Illumina Inc., Intrexon Bioinformatics Germany GmbH, Partek Inc., PerkinElmer Inc., QIAGEN NV, Quest Diagnostics Inc., Seven Bridges Genomics Inc., Source BioScience, Thermo Fisher Scientific Inc., Waters Corp., ZS Associates Inc. are a few of the key vendors in the bioinformatics market market.
              North America will register the highest growth rate of 46% among the other regions. Therefore, the bioinformatics market market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the bioinformatics market market growth are:
              • Increasing R and D investments by pharmaceutical and biopharmaceutical companies
              • Development of sophisticated bioinformatics tools for NGS
              The bioinformatics market market vendors should focus on grabbing business opportunities from the platforms segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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