The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per The Business Research Company’s Bioinformatics Global Market Report 2023, the bioinformatics market is expected to show significant growth in the forecast period.

Key insights from the bioinformatics market forecast include:

1. Market Size

The global bioinformatics market is set to increase from $13.02 billion in 2022 to $14.68 billion in 2023, with a 12.7% CAGR. By 2027, it’s anticipated to reach $24.46 billion, growing at a 13.6% CAGR.

2. Major Driver

Rising protein sequencing demand fuels bioinformatics market growth. Protein sequencing reveals amino acid sequences, aiding in protein understanding. In 2021, UniProtKB’s protein sequences exceeded 190 million.

View More On The Bioinformatics Market Report 2023 – https://www.thebusinessresearchcompany.com/report/bioinformatics-global-market-report

3. Key Trend

Bioinformatics market firms intensify R&D in nanopore sequencing tech. This single-molecule DNA sequencing doesn’t require PCR or chemical labeling, utilizing nanopores to measure ionic current changes, identifying molecules. It provides high throughput, cost-efficiency, and longer reads, crucial for bioinformatics data collection. In 2020, Oxford Nanopore Technologies secured $109.5 million for technology development and operations scaling.

4. Largest Region

North America was the largest region in the bioinformatics market in 2022.

5. Major Players

Major players in the food diagnostics market are Agilent Technologies, Illumina, QIAGEN, Affymetrix, Thermo Fisher Scientific, BGI, Dassault Systems, Eurofins scientific, Bruker Daltonics, Biomax Informatix, DNASTAR, Partek, Geneva Bioinformatics, Perkinelmer Inc., Accelrys, SA Nonlinear Dynamics, Quest Diagnostics, Sophia Genetics, Waters Corporation, Permin Elmer Inc., Applied Biologicals Materials., Life Technologies, PerkinElmer, Waters Corporation, Sophia Genetics, Celera, Tripos, LP, Helicos Biosciences Incorporation, and IBM Life Sciences.

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Key Bioinformatics Market Segments
The global bioinformatics market is segmented –
1) By Products and Services: Knowledge Management Tools, Data Analysis Platforms, Services
2) By Application: Metabolomics, Molecular Phylogenetics, Transcriptomics, Proteomics, Chemoinformatics, Genomics, Other Applications
3) By End Users: Pharmaceutics, Animal Study, Agriculture, Forensic Science, Other End Users

The Bioinformatics Global Market Report 2023  provides an in-depth analysis on the bioinformatics market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the bioinformatics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
Bioinformatics Services Global Market Report 2023
Biosimilars Global Market Report 2023
Biostimulants Global Market Report 2023

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