Discover trends, market shifts, and competitive outlooks for the bioinformatics industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

How Has the Bioinformatics Market Growth Performance Trended Historically, And What Lies Ahead?

The size of the bioinformatics market has seen a swift expansion in the recent past. The market is predicted to escalate from $16.54 billion in 2024 to $18.62 billion in 2025, experiencing a compound annual growth rate (CAGR) of 12.6%. The soaring trend during the historical period is notably due to advancements in genomic sequencing, expansion of biomedical research, progress in drug discovery and development, personalized medicine, and the growth of agriculture and biotechnology.

The size of the bioinformatics market is set to experience swift expansion in the upcoming years. The projection is for it to escalate to $32.76 billion by 2029, with a compound annual growth rate (CAGR) of 15.2%. Factors contributing to the growth within the prediction period encompass advancements in omics technologies, artificial intelligence (AI) and machine learning, data integration, and cloud computing, as well as biomarker discovery and diagnostics and interdisciplinary collaborations. Key trends expected within this prediction period include explosion of genomic data, tailored medicine, advancements in machine learning and AI, along with drug discovery and development.

Download a free sample to assess the report’s scope and structure:

https://www.thebusinessresearchcompany.com/sample.aspx?id=2483&type=smp

How Are Key Drivers in the Industry Acting as Catalysts for the Growth of the Bioinformatics Market?

The expansion of the pharmaceutical industry is anticipated to boost the growth of the bioinformatics market. The pharmaceutical sector includes the research, development, and manufacturing of medications and drugs by both government and private organizations. Bioinformatics plays an integral role in this industry, as it significantly shorter the time it takes for drug discovery and development, reduces expenses, and enhances the effectiveness and safety of drug treatments. For example, in May 2024, as per the GOV.UK, a government department in the UK, the UK life sciences industry produced a turnover of £108.1 billion in the fiscal year of 2021/22, a 13% increase from the £95.9 billion turnover (adjusted for 2021/22 prices) noted in 2020/21. Consequently, the flourishing pharmaceutical industry is a key driver propelling the growth of the bioinformatics market.

Which Segments in the Bioinformatics Offer the Most Growth?

The bioinformatics market covered in this report 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

Subsegments:

1) By Knowledge Management Tools: Data Integration Tools, Literature Mining Tools, Data Repositories And Databases, Biological Data Visualization Tools

2) By Data Analysis Platforms: Genomic Data Analysis Platforms, Proteomics Data Analysis Platforms, Transcriptomics Data Analysis Platforms, Metabolomics Data Analysis Platforms

3) By Services: Data Analysis Services, Consulting Services, Software And Platform-As-A-Service (PaaS), Bioinformatics Research And Development Services

Request customized data on this market:

https://www.thebusinessresearchcompany.com/customise?id=2483&type=smp

What Are the Fastest-Growing Geographies in the Bioinformatics Market?

North America was the largest region in the bioinformatics market in 2023. Western Europe was the second largest region in the bioinformatics market analysis. The regions covered in the bioinformatics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

What Are the Current Market Growth and Trends in the Bioinformatics Industry?

Prominent players in the bioinformatics market are channeling efforts into creating advanced technological solutions, including bioinformatics platforms, to elevate data analysis capabilities, refine accuracy in personalized medicine, and hasten the process of drug discovery. A bioinformatics platform encompasses a software system or a blend of tools meant to handle, scrutinize, and decode biological data, including genomic, proteomic, and metabolomic details, to aid research and clinical decisions. For example, in February 2024, Metabolon, Inc., a biotechnology firm based in the US, introduced an all-inclusive bioinformatics platform. This platform proposes an exhaustive set of analytical tools designed to simplify metabolomics research, allowing users to perform intricate analyses conveniently. Notable features encompass advanced visualization tools like volcano plots and principal component analysis (PCA), alongside novel biomarker lenses, supplying tailored insights into specific pathways and diseases.

View the full report here:

https://www.thebusinessresearchcompany.com/report/bioinformatics-global-market-report

What Are the Key Elements That Define the Bioinformatics Market?

Bioinformatics, which is connected to genetics and genomics, uses computer technology to gather, store, analyze, and share biological information and data such as DNA and amino acid sequences or annotations about those sequences.

Purchase the full report and get a swift delivery:

https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=2483

About The Business Research Company:

With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.

Get in touch with us:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293

Asia +44 2071930708

Europe +44 2071930708

Email us at info@tbrc.info

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model