Bioinformatics Market Study

According to The Insight Partners’ latest study on "Bioinformatics Market Forecast to," the market is expected to grow from US$ 12,609.39 million in 2021 to US$ 34,749.78 million by 2028; it is expected to grow at a CAGR of 15.7% from 2022 to 2028. The report highlights the key factors driving the market and prominent players with their developments in the market.

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Bioinformatics, as associated to genetics and genomics, is a scientific subdiscipline that involves using computer technology to collect, store, analyze and disseminate biological data and information, such as DNA and amino acid sequences or observations about those sequences.

Major vendors covered in this report:

·         Dassault Systèmes            

·         Bruker Corporation           

·         Agilent Technologies, Inc.               

·         Eurofins Scientific               

·         Illumina, Inc.         

·         PerkinElmer Inc.                 

·         QIAGEN   

·         Thermo Fisher Scientific Inc.          

·         Biomax Informatics AG    

·         Genebio

The market is divided into the following categories: transcriptomics, metabolomics, chemoinformatics & drug design, genomics, and proteomics. In 2021, the genomics market category had the biggest market share, and it is anticipated that it would maintain its leadership during the projected period. The market is divided into various sectors, including academics, forensic biotechnology, environmental biotechnology, animal biotechnology, and agricultural biotechnology. The market share leader in 2021 was the medical biotechnology sector, and this trend is anticipated to continue throughout the projection period.

Competitive Scenario:

Bioinformatics supports the sequencing and annotation of genomes in the fields of genetics and genomics. Analysis of the regulation and expression of genes and proteins is greatly aided by bioinformatics. Comparing genetic and genomic data and, more broadly, comprehending the evolutionary aspects of molecular biology are made easier with the use of bioinformatics tools.

Impact of COVID-19 Pandemic on Bioinformatics Market

The bioinformatics market witnessed a positive impact due to increased demand for COVID-19 detection kits during the pandemic. At the biological level, SARS-CoV-2 and COVID-19 research involves high-throughput technologies, such as next-generation sequencing for detecting the genome of SARS-CoV-2, databases storing SARS-CoV-2 genomes and variants, and bioinformatics software tools and databases for analyzing and storing host-virus interactions.

Bioinformatics Market Segmented by Region/Country: North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America

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