DUBLIN--(BUSINESS WIRE)--The "Bioinformatics: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Bioinformatics Market to Reach $29.9 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Bioinformatics estimated at US$12.5 Billion in the year 2020, is projected to reach a revised size of US$29.9 Billion by 2027, growing at a CAGR of 13.3% over the analysis period 2020-2027. Knowledge Management Tools, one of the segments analyzed in the report, is projected to record a 12.1% CAGR and reach US$12.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Bioinformatics Platforms segment is readjusted to a revised 14.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $3.4 Billion, While China is Forecast to Grow at 18.1% CAGR
The Bioinformatics market in the U.S. is estimated at US$3.4 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$6.7 Billion by the year 2027 trailing a CAGR of 17.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.8% and 11.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 10% CAGR.
Bioinformatics Services Segment to Record 13.8% CAGR
In the global Bioinformatics Services segment, USA, Canada, Japan, China and Europe will drive the 12.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2 Billion in the year 2020 will reach a projected size of US$4.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$4.5 Billion by the year 2027, while Latin America will expand at a 15.6% CAGR through the analysis period.
Select Competitors (Total 102 Featured) -
- Agilent Technologies, Inc.
- Dassault Systemes
- ID Business Solutions Ltd.
- Illumina Inc.
- Instem plc
- Kinexus Bioinformatics Corporation
- Life Technologies
- Nonlinear Dynamics Ltd.
- Ocimum Biosolutions Ltd.
- PerkinElmer Inc.
- QIAGEN N.V.
- Strand Life Sciences
- Thermo Fischer Scientific Inc.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Rising Demand for Nucleic Acid and Protein Sequencing to Reduce Cost of Sequencing to Spur Market Growth
- Expanding Applications of Bioinformatics to Present Significant Growth Opportunities
- Rising Use of Bioinformatics in Personalized Medicine
- Bioinformatics and Predictive Modeling: Vital Tools for Clinical Diagnostics
- Increasing R&D Investments & Collaborations between Industry and Research Institutions: Potential for Growth
- Rising Threat of Rare Diseases and Lack of Customized Prescription Treatments for Such Diseases: Potential for Growth
- Rising Importance of Bioinformatics in Life Science Research
- Nanopore Sequencing to Present Opportunities for Bioinformatics Solutions Market
- Technological Advancements to Fuel Market Growth
- Integration of Artificial Intelligence and Machine Learning
- Big Data Technology
- Cloud Computing
- Blockchain Technology for Storage & Analysis Purposes
- Potential Role for Bioinformatics in Agriculture Industry
- Challenges Facing Bioinformatics Market
4. GLOBAL MARKET PERSPECTIVE
IV. COMPETITION
Companies Mentioned
- Agilent Technologies, Inc.
- Dassault Systemes
- ID Business Solutions Ltd.
- Illumina Inc.
- Instem plc
- Kinexus Bioinformatics Corporation
- Life Technologies
- Nonlinear Dynamics Ltd.
- Ocimum Biosolutions Ltd.
- PerkinElmer Inc.
- QIAGEN N.V.
- Strand Life Sciences
- Thermo Fischer Scientific Inc.
For more information about this report visit https://www.researchandmarkets.com/r/ix9r8v
