Bioinformatics software and tools are being used as integrated solutions that provide algorithms and statistical procedures for data analysis and integration. Bioinformatics is used in data warehousing, data mining, and communication networking along with the management of biological information in the field of medical research and development of drugs. Major advantages associated with the use of bioinformatics in the healthcare industry comprises of convenient and accurate verification of biological data, and storage and access to a large amount of data. Increasing adoption of bioinformatics in the pharmaceutical industry along with increasing investment in research and development is anticipated to propel the market growth during the forecasted period.

Market Dynamics

Key market players are focusing on inorganic strategies such as agreements is expected to drive the growth of the global bioinformatics market. For Instance, in April 2022, ATCC  American Type Culture Collection is a nonprofit organization which collects, stores, and distributes standard reference microorganisms, cell lines and other materials for research and development, announced an agreement with Qiagen to provide them with sequencing data from its collection of animal and human cell lines and biological materials. Qiagen is expected to establish a database from the information to develop and deliver high-value digital biology content for the biotechnology and pharmaceutical industries, enabling the use of authenticated biological data sets to uncover new disease pathways and discover novel therapeutic targets. Such developments in the U.S. is adding to the growth of the studied market. Moreover, key market players are focusing on organic strategies such as launch of bioinformatics is expected to drive the growth of the global bioinformatics market. For Instance, in June 2022, California's biotechnology research startup LatchBio launched an end-to-end bioinformatics platform for handling big biotech data to accelerate scientific discovery.

Key features of the study:

• This report provides an in-depth analysis of the global bioinformatics market and provides market size (US$ Bn) and compound annual growth rate (CAGR) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global bioinformatics market based on the following parameters– company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Active Motif, Inc., Illumina, Inc., Life Technologies, Affymetrix, Inc., Agilent Technologies, Bio-Rad Laboratories, Inc., Qiagen, Knome, Inc., GE Healthcare, Geneva Bioinformatics SA, Quest Diagnostics, bitBiome, Inc., Intomics, Advanced BioInformatics GmbH, and Fios Genomics Ltd.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• Global bioinformatics market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global bioinformatics market

Detailed Segmentation:

• Global Bioinformatics Market, By Product Type:
  • Bioinformatics Platforms
  • Bioinformatics Services
• Global Bioinformatics Market, By Application:
  • Genomics
  • Chemoinformatics and drug design
  • Proteomics,
  • Transcriptomics
  • Metabolomics
  • Molecular Phylogenomics
  •  Others
•  Global Bioinformatics Market, By Region:
  • North America
    
    • U.S.
    • Canada
  • Latin America
    
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Europe
    
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • Middle East
    
    • GCC
    • Israel
    • Rest of Middle East
  • Africa
    
    • South Africa
    • Central Africa
    • North Africa
• Company Profiles
  • Active Motif, Inc.
  • Illumina, Inc.
  • Life Technologies
  • Affymetrix, Inc.
  • Agilent Technologies
  • Bio-Rad Laboratories, Inc.
  • Qiagen
  • Knome, Inc.
  • GE Healthcare
  • Geneva Bioinformatics SA
  • Quest Diagnostics
  • bitBiome, Inc.
  • Intomics
  • Advanced BioInformatics GmbH
  • Fios Genomics Ltd.