Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • +44 (0)20 7454 5110
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All Public Company News
      • All Multimedia News
      • View All News Releases

      • Regulatory News

      • D/A/CH Regulatory News
      • UK Regulatory News
      • View All Regulatory News

  • Business & Money
      • Auto & Transportation

      • Aerospace & Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads & Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking & Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers & Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalisation
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls & Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil & Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defence
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation & Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking & Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers & Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines & Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics & Personal Care
      • Fashion
      • Food & Beverages
      • Furniture & Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewellery
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks & Tourist Attractions
      • Gambling & Casinos
      • Hotels & Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Animal Welfare
      • Corporate Social Responsibility
      • Economic News, Trends & Analysis
      • Education
      • Environmental
      • European Government
      • Labour & Union
      • Natural Disasters
      • Not For Profit
      • Public Safety
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Overview
  • Distribution
  • Paid Placement
  • Multichannel Amplification
  • Disclosure Services
  • SocialBoost
  • Rooms
    • MediaRoom
    • ESG Rooms
  • AI Tools
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Hamburger menu
  • Cision PR Newswire UK provides press release distribution, targeting, monitoring, and marketing services
  • Send a Release
    • Phone

    • +44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT

    • ALL CONTACT INFO
    • Contact Us

      +44 (0)20 7454 5110
      from 8 AM - 5:30 PM GMT

  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • News in Focus
    • Browse News Releases
    • Regulatory News
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • Overview
  • Distribution
  • Paid Placement
  • Multichannel Amplification
  • Disclosure Services
  • Cision Communications Cloud®
  • AI Tools
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists

Global Bioinformatics Market Set to Hit $39.80 billion, Growing at 18.70% CAGR, Fueled by Increased Demand for Personalized Healthcare, Projects Kings Research


News provided by

Kings Research

13 Dec, 2023, 15:15 GMT

Share this article

Share toX

Share this article

Share toX

DUBAI, UAE, Dec. 13, 2023 /PRNewswire/ -- As per the recent report released by Kings Research, the global Bioinformatics Market is anticipated to grow from USD 10.10 billion in 2022 to USD 39.80 billion by 2030, depicting an 18.70% CAGR over the forecast period of 2023-2030. The increasing need for personalized medicine, which heavily depends on bioinformatics to develop treatment strategies tailored to individual patients, contributes significantly to market expansion.

Bioinformatics, a multidisciplinary field, employs computational and analytical techniques to process and extract insights from biological data. It encompasses a wide range of activities focused on comprehending and deciphering biological information. At its core, bioinformatics entails the collection, storage, analysis, and interpretation of various biological data types, such as DNA, RNA, proteins, and other biomolecules.

Request Sample PDF of the Report: https://www.kingsresearch.com/request-sample/bioinformatics-market-258 

In the pharmaceutical industry, bioinformatics has become increasingly crucial in the ongoing process of drug discovery and development. By utilizing bioinformatics, researchers can identify potential drug targets, predict interactions, and optimize candidate compounds, streamlining and enhancing efforts within the industry. This reliance on bioinformatics fosters efficiency and effectiveness in the pursuit of groundbreaking pharmaceutical advancements.

Trending Now: Fourth Bioinformatics and Wheat Genomics Workshop in South Africa Aiming to Expand Bioinformatic Capability

In February 2023, researchers at the John Innes Centre organized the 4th Bioinformatics & Wheat Genomics workshop in Worcester, South Africa, as part of a long-term investment for capacity-building funded by the British High Commission Africa Science & Innovation Network. The workshop was created to facilitate computational knowledge exchange for scientists in South Africa in order to enable them to apply the latest genomic advances in the wheat genetics sphere in the region. The training team provided structured training for participants in South Africa, aiming to expand bioinformatics capabilities.

Have an Inquiry? Get in Touch with us @ https://www.kingsresearch.com/enquiry/bioinformatics-market-258 

Competitive Landscape

Leading companies in the global bioinformatics market are prioritizing various key growth strategies, such as forming partnerships, engaging in mergers and acquisitions, introducing new products, and establishing joint ventures. These strategies are aimed at diversifying their product offerings and growing their market presence in different regions.

For instance, in April 2023, Absci, a prominent player in the field of synthetic biology, partnered with M2GEN, a company specializing in bioinformatics, with the objective of expediting the drug development process focused on oncology. With this partnership, the companies aimed to leverage M2GEN's profound knowledge in bioinformatics to analyze extensive molecular data sets and identify promising targets for therapy. This collaboration also empowers Absci to streamline the creation of groundbreaking and impactful cancer treatments, ensuring efficiency.

The key players in the bioinformatics market include:

  • Illumina, Inc.
  • Thermo Fisher Scientific, Inc.
  • Qiagen N.V.
  • Agilent Technologies, Inc.
  • PerkinElmer, Inc.
  • Eurofins Scientific
  • Genedata AG
  • Partek Incorporated
  • BGI Group
  • DNAnexus, Inc.

Ask for Customization: https://www.kingsresearch.com/customization/bioinformatics-market-258 

Specialized Services and Expertise Offered by Contract Research Organizations (CROs) to Support Bioinformatics Market Growth

Based on sector, the market is divided into pharmaceutical and biotechnology companies, academic and research institutions, hospitals and clinics, contract research organizations (CROs), and others.

The contract research organizations (CROs) segment is projected to exhibit a robust CAGR over the forecast period. This growth can be attributed to the burgeoning trend of firms in the pharmaceutical and biotechnology spaces opting to outsource their research and development activities to CROs.

These organizations offer specialized services and expertise, such as bioinformatics, aimed at expediting drug discovery, development, and clinical trial processes. By leveraging the capabilities of CROs, pharma companies gain access to accelerated and streamlined research initiatives, which is further propelling segment growth.

Increasing Significance of Sequence Data Analysis to Augment Bioinformatics Market Revenue

Based on type of data, the bioinformatics market is bifurcated into sequence data analysis, structural data analysis, functional data analysis, and comparative data analysis.

The sequence data analysis segment held the largest share of the market in 2022. The rapid expansion of genetic data volume has made bioinformatics tools and sequencing analysis platforms crucial for researchers, pharmaceutical companies, and healthcare providers. The significance of this segment is highlighted by the critical role played by efficient and accurate data analysis in propelling advancements in genomics and its allied domains.

Purchase This Comprehensive Research Report for Valuable Market Insights: https://www.kingsresearch.com/buy-now/258 

Exponential Increase in Biological Data to Fuel Bioinformatics Market Progress

The exponential increase in biological data is a significant factor driving the growth of the global bioinformatics market. The ongoing development in genomics, proteomics, and other omics technologies has led to a considerable surge in data creation and accumulation.

The field of bioinformatics is poised to observe notable growth over the assessment timeframe as it incorporates artificial intelligence and machine learning, leading to enhanced data analysis capabilities. The fusion of genomics and proteomics data, in addition to compliance with regulatory standards, is likely to be a catalyst for innovation.

Advanced Healthcare Infrastructure of Bioinformatics in North America to Propel Market Development

Based on region, North America accounted for the largest share of the bioinformatics market revenue in 2022. The growth of the industry is backed by the presence of the advanced healthcare infrastructure and the widespread implementation of bioinformatics solutions in clinical settings, research institutions, and pharmaceutical companies across the region. Moreover, the robust pharmaceutical industry in the region heavily depends on bioinformatics for drug development, which is promoting domestic market growth. Government initiatives supporting genomics and personalized medicine research projects, along with regulatory contributions, are further fostering the industry outlook in North America.

Browse the Complete Report Here: https://www.kingsresearch.com/bioinformatics-market-258 

Key Points from TOC:

Chapter 1 Introduction of the Global Bioinformatics Market 
1.1 Market Definition
1.2 Market Segmentation
1.3 Research Timelines
1.4 Limitations
1.5 Assumptions

Chapter 2 Executive Summary

Chapter 3 Research Methodology
3.1 Data Collection
3.1.1 Secondary Sources
3.1.2 Primary Sources
3.1.3 Research Flow
3.2 Subject Matter Expert Advice
3.3 Quality Check
3.4 Final Review
3.5 Bottom-Up Approach
3.6 Top-down Approach

Chapter 4 Global Bioinformatics Market Outlook
4.1 Market Evolution
4.2 Overview
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.3.4 Challenges
4.4 Pricing Analysis
4.5 Porter's Five Forces Analysis
4.6 Value Chain Analysis
4.7 Macroeconomic Analysis

Chapter 5 Impact of Russia-Ukraine War

Chapter 6 Global Bioinformatics Market, By Product And Services
Chapter 7 Global Bioinformatics Market, By Sector
Chapter 8 Global Bioinformatics Market, By Type Of Data
Chapter 9 Global Bioinformatics Market, By Geography
Chapter 10 North America 
Chapter 11 Europe 
Chapter 12 Asia-Pacific
Chapter 13 Middle East & Africa 
Chapter 14 Latin America

Chapter 15 Global Bioinformatics Market Competitive Landscape
15.1 Overview
15.2 Key Developments
15.3 Key Strategic Developments
15.4 Company Market Ranking
15.5 Regional Footprint
15.6 Industry Footprint

Chapter 16 Company Profiles
16.1 llumina, Inc.
16.1.1 Key Facts
16.1.2 Financial Overview
16.1.3 Product Benchmarking
16.1.4 Recent Developments
16.1.5 Winning Imperatives
16.1.6 Current Focus & Strategies
16.1.7 Threat from competition
16.1.8 SWOT Analysis

16.2 Thermo Fisher Scientific Inc.
16.2.1 Key Facts
16.2.2 Financial Overview
16.2.3 Product Benchmarking
16.2.4 Recent Developments
16.2.5 Winning Imperatives
16.2.6 Current Focus & Strategies
16.2.7 Threat from competition
16.2.8 SWOT Analysis

16.3 Qiagen N.V.
16.3.1 Key Facts
16.3.2 Financial Overview
16.3.3 Product Benchmarking
16.3.4 Recent Developments
16.3.5 Winning Imperatives
16.3.6 Current Focus & Strategies
16.3.7 Threat from competition
16.3.8 SWOT Analysis

16.4 Agilent Technologies, Inc.
16.4.1 Key Facts
16.4.2 Financial Overview
16.4.3 Product Benchmarking
16.4.4 Recent Developments
16.4.5 Winning Imperatives
16.4.6 Current Focus & Strategies
16.4.7 Threat from competition
16.4.8 SWOT Analysis

16.5 PerkinElmer, Inc.
16.5.1 Key Facts
16.5.2 Financial Overview
16.5.3 Product Benchmarking
16.5.4 Recent Developments
16.5.5 Winning Imperatives
16.5.6 Current Focus & Strategies
16.5.7 Threat from competition
16.5.8 SWOT Analysis

Continued……..

About Us:

Kings Research stands as a renowned global market research firm. With a collaborative approach, we work closely with industry leaders, conducting thorough assessments of trends and developments. Our primary objective is to provide decision-makers with tailored research reports that align with their unique business objectives. Through our comprehensive research studies, we strive to empower leaders to make informed decisions.

Our team comprises individuals with diverse backgrounds and a wealth of knowledge in various industries. At Kings Research, we offer a comprehensive range of services aimed at assisting you in formulating efficient strategies to achieve your desired outcomes. Our objective is to significantly enhance your long-term progress through these tailored solutions.

Contact Us

Kings Research
Phone: (+1) 888 328 2189
E-mail: business@kingsresearch.com
Website: https://www.kingsresearch.com
Blog: https://www.kingsresearch.com/blog
Follow Us: LinkedIn | Facebook | Twitter

Modal title

Contact PR Newswire

  • +44 (0)20 7454 5110
    from 8 AM - 5:30 PM GMT
  • General Enquiries
  • Media Enquiries
  • Partnerships

Products

  • Content Distribution
  • Multimedia Services
  • Disclosure Services
  • Cision Communications Cloud®

About

  • About PR Newswire
  • About Cision
  • Partnering Opportunities
  • Careers
  • Accessibility Statement
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
  • Data Privacy

Do not sell or share my personal information:

  • Submit via Privacy@cision.com 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
+44 (0)20 7454 5110
from 8 AM - 5:30 PM GMT
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 PR Newswire Europe Limited. All Rights Reserved. A Cision company.