According to the new market research report "Bioinformatics Market by Product & Service (Knowledge Management Tools, Data Analysis Platforms, Structural Analysis, Functional Analysis, Services), Applications (Genomics, Proteomics), & Sector (Medical, Animal, Agricultural) - Global Forecast to 2026", published by MarketsandMarkets™, the global Bioinformatics Market is projected to reach USD 21.8 billion by 2026 from USD 10.7 billion in 2021, at a CAGR of 15.2%.
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Browse in-depth TOC on "Bioinformatics Market"
221 – Tables
32 – Figures
220 – Pages
Global Bioinformatics Market Overview
Bioinformatics has always had huge potential when it comes to providing essential support to many areas of scientific research. The COVID-19 pandemic was a real-life test for bioinformatics. One of the major focus areas for every country during the COVID-19 pandemic has been to study and understand how to halt the progress of the virus. Next-generation sequencing is the fundamental method for investigating SARS-CoV-2 genomes, which offers basic information about the virus. Bioinformatics pipelines and biological & host-virus interaction databases are the critical tools for calculating such data and furthering comprehension of SARS-CoV-2.
Key Market Players
The key players have a strong foothold in the market and offer a wide range of products & services. Some of the key players in this market are Thermo Fisher Scientific, Inc. (US), Eurofins Scientific (Luxembourg), QIAGEN N.V. (Netherlands), Agilent Technologies, Inc. (US), and Illumina, Inc. (US), Waters Corporation (US), DNASTAR (US), NeoGenomics Laboratories (US)
Recent Developments
· In March 2021, Agilent Technology, Inc. launched SureSelect for human exome analysis.
· In January 2021, BGI and the Ministry of Health of Brunei expanded their partnership to carry out extensive cooperation in public health emergency response and public health testing screening and diagnostic services, including reproductive health, personalized drug guidance, early cancer screening, and detection of unknown pathogens by using BGI’s cutting-edge sequencing technology.
MarketsandMarkets has segmented the Global Bioinformatics Market On the basis of Product Type, Application, and Geography.
By Product & Services
· Knowledge Management Tools
· Bioinformatics Platforms
· Bioinformatics Services
By Application
· Genomics
· Chemoinformatics & Drug Design
· Proteomics
· Transcriptomics
· Metabolomics
· Other Applications
By Sector
· Medical Biotechnology
· Animal Biotechnology
· Plant Biotechnology
· Environmental Biotechnology
· Forensic Biotechnology
· Other Sectors
By Region
North America
· US
· Canada
Europe
· Germany
· UK
· France
· Italy
· Spain
· RoE
Asia
· Japan
· China
· India
· RoAPAC
Rest of the World
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