Product Code: r7259
“Bioinformatics Services Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the bioinformatics services market.
This report focuses on bioinformatics services market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
- Understand how the market is being affected by the COVID-19 and how it is likely to emerge and grow as the impact of the virus abates.
- Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
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- Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
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Where is the largest and fastest growing market for bioinformatics services? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The Bioinformatics Services market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. * The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
- 1) By Service: Sequencing Services; Data Analysis; Drug Discovery Services; Differential Gene Expression Analysis; Database And Management Services; Other Services
- 2) By Specialty: Medical Biotechnology; Animal Biotechnology; Plant Biotechnology; Environmental Biotechnology; Forensic Biotechnology
- 3) By Application: Genomics; Chemoinformatics And Drug Design; Proteomics; Transcriptomics; Metabolomics; Other Applications
- 4) By End User: Academic Institute And Research Centers; Hospital And Clinics; Pharmaceutical And Biotechnology Companies; CROs; Other End Users
- Companies Mentioned: Thermo Fisher Scientific Inc.; QIAGEN Digital Insights; Illumina Inc.; DNAnexus Inc.; PerkinElmer Inc.
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery Format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the bioinformatics services market are Thermo Fisher Scientific Inc., QIAGEN Digital Insights, Illumina Inc., DNAnexus Inc., PerkinElmer Inc., Biomax Informatics AG, Life Technologies Corporation, BGI Group, Eurofins Scientific SE, NeoGenomics Laboratories Inc., CD Genomics, MedGenome Labs, Fios Genomics, Geneva Bioinformatics (GeneBio) SA, GVK Biosciences and Accelerys Inc.
The global bioinformatics services market is expected to grow from $3.19 billion in 2022 to $3.68 billion in 2023 at a compound annual growth rate (CAGR) of 15.19%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The bioinformatics services market is expected to reach $6.67 billion in 2027 at a CAGR of 16.05%.
The bioinformatics services market includes revenues earned by entities through single-cell analysis, proteomics analysis, metabolomics analysis, and epigenetics analysis. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
Bioinformatics services involve a wide range of computational tools, resources, and analyses utilized in bioinformatics. Bioinformatics services include the identification of connections between technical and biological variables in the study through the assessment of sample metadata, data quality control, and data normalization across samples.
North America was the largest region in the bioinformatics services market in 2022. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of bioinformatics services are sequencing services, data analysis, drug discovery services, differential gene expression analysis, database and management services and other bioinformatics services. Sequencing services refer to the process of finding the precise order of nucleotides in a particular sample. The different bioinformatics services specialties include medical biotechnology, animal biotechnology, plant biotechnology, environmental biotechnology and forensic biotechnology. The applications of bioinformatics services include genomics, chemoinformatics and drug design, proteomics, transcriptomics, metabolomics and other applications used by end-users including academic institute and research centers, hospital and clinics, pharmaceutical and biotechnology companies, CROs and other end users.
The increasing use of information technology in healthcare is expected to propel the growth of the bioinformatics services market going forward. The increased use of information technology in healthcare has assisted healthcare practitioners in improving the quality of treatment they provide to patients, improving patient safety, increasing efficiency, lowering costs, and improving communication among healthcare professionals. Bioinformatics services, which involve the use of computer science and statistics for analyzing biological data, depend heavily on information technology (IT). For instance, in August 2021, according to the Accenture Health and Life Sciences Experience Survey, a Europe-based company specializing in information technology consulting and services, only 7% of consumers had a virtual consultation with a provider in early 2020, compared to 32% this in 2021. There was also an increase in the use of electronic health records, with 31% of patient group using EHR in 2021. Remote patient monitoring also increased since the previous pre-pandemic assessment. Therefore, the increasing use of information technology in healthcare is driving the growth of the bioinformatics services market going forward.
Technological advancements are a key trend gaining popularity in the bioinformatics services market. Companies operating in the bioinformatics services market are adopting new technologies to sustain their position in the market. For instance, in July 2022, bitBiome Inc., a Japan-based microbiome analysis company, launched the Enzyme Discovery service. Enzyme Discovery Service is based on the globe's largest microbial genome database (MMGDB) and unique bioinformatics technologies. To create the MMGDB, bitBiome employs its fundamental technology, bit-MAP, a microbial single-cell genome analysis technique, to analyze the human microbiome as well as the environmental bacteria living in soil, the ocean, and hot springs. With its unique bioinformatics and 3D structural modeling technologies, BitBiome provides enzyme discovery services such as searching for optimal sequences from the MMGDB.
In May 2022, ZS, a US-based management consulting company, acquired Intomics A/S for an undisclosed sum. This acquisition broadens, diversifies, and enriches ZS's portfolio by combining deep data, academic and scientific experience, technology, and artificial intelligence, which can ultimately accelerate drug discovery and raise the likelihood of success for novel drugs. Intomics A/S is a Europe-based company specializing in bioinformatics and systems biology that operates in the bioinformatics services market.
The countries covered in the bioinformatics services market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the chain or as part of other products.
The bioinformatics services market research report is one of a series of new reports from The Business Research Company that provides bioinformatics services market statistics, including bioinformatics services industry global market size, regional shares, competitors with a bioinformatics services market share, detailed bioinformatics services market segments, market trends and opportunities, and any further data you may need to thrive in the bioinformatics services industry. This bioinformatics services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Table of Contents
1. Executive Summary
2. Bioinformatics Services Market Characteristics
3. Bioinformatics Services Market Trends And Strategies
4. Bioinformatics Services Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Bioinformatics Services Market
- 4.2. Ukraine-Russia War Impact On Bioinformatics Services Market
- 4.3. Impact Of High Inflation On Bioinformatics Services Market
5. Bioinformatics Services Market Size And Growth
- 5.1. Global Bioinformatics Services Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Bioinformatics Services Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Bioinformatics Services Market Segmentation
- 6.1. Global Bioinformatics Services Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Sequencing Services
- Data Analysis
- Drug Discovery Services
- Differential Gene Expression Analysis
- Database And Management Services
- Other Services
- 6.2. Global Bioinformatics Services Market, Segmentation By Specialty, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Medical Biotechnology
- Animal Biotechnology
- Plant Biotechnology
- Environmental Biotechnology
- Forensic Biotechnology
- 6.3. Global Bioinformatics Services Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Genomics
- Chemoinformatics And Drug Design
- Proteomics
- Transcriptomics
- Metabolomics
- Other Applications
- 6.4. Global Bioinformatics Services Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Academic Institute And Research Centers
- Hospital And Clinics
- Pharmaceutical And Biotechnology Companies
- CROs
- Other End Users
7. Bioinformatics Services Market Regional And Country Analysis
- 7.1. Global Bioinformatics Services Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Bioinformatics Services Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Bioinformatics Services Market
- 8.1. Asia-Pacific Bioinformatics Services Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Bioinformatics Services Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Bioinformatics Services Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Bioinformatics Services Market
- 9.1. China Bioinformatics Services Market Overview
- 9.2. China Bioinformatics Services Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Bioinformatics Services Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Bioinformatics Services Market
- 10.1. India Bioinformatics Services Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Bioinformatics Services Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Bioinformatics Services Market
- 11.1. Japan Bioinformatics Services Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Bioinformatics Services Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Bioinformatics Services Market
- 12.1. Australia Bioinformatics Services Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Bioinformatics Services Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Bioinformatics Services Market
- 13.1. Indonesia Bioinformatics Services Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Bioinformatics Services Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Bioinformatics Services Market
- 14.1. South Korea Bioinformatics Services Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Bioinformatics Services Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Bioinformatics Services Market
- 15.1. Western Europe Bioinformatics Services Market Overview
- 15.2. Western Europe Bioinformatics Services Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Bioinformatics Services Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Bioinformatics Services Market
- 16.1. UK Bioinformatics Services Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Bioinformatics Services Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Bioinformatics Services Market
- 17.1. Germany Bioinformatics Services Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Bioinformatics Services Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Bioinformatics Services Market
- 18.1. France Bioinformatics Services Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France Bioinformatics Services Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Bioinformatics Services Market
- 19.1. Eastern Europe Bioinformatics Services Market Overview
- 19.2. Eastern Europe Bioinformatics Services Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Bioinformatics Services Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Bioinformatics Services Market
- 20.1. Russia Bioinformatics Services Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Bioinformatics Services Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Bioinformatics Services Market
- 21.1. North America Bioinformatics Services Market Overview
- 21.2. North America Bioinformatics Services Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Bioinformatics Services Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Bioinformatics Services Market
- 22.1. USA Bioinformatics Services Market Overview
- 22.2. USA Bioinformatics Services Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Bioinformatics Services Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Bioinformatics Services Market
- 23.1. South America Bioinformatics Services Market Overview
- 23.2. South America Bioinformatics Services Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Bioinformatics Services Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Bioinformatics Services Market
- 24.1. Brazil Bioinformatics Services Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Bioinformatics Services Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Bioinformatics Services Market
- 25.1. Middle East Bioinformatics Services Market Overview
- 25.2. Middle East Bioinformatics Services Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Bioinformatics Services Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Bioinformatics Services Market
- 26.1. Africa Bioinformatics Services Market Overview
- 26.2. Africa Bioinformatics Services Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Bioinformatics Services Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Bioinformatics Services Market Competitive Landscape And Company Profiles
- 27.1. Bioinformatics Services Market Competitive Landscape
- 27.2. Bioinformatics Services Market Company Profiles
- 27.2.1. Thermo Fisher Scientific Inc.
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. QIAGEN Digital Insights
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Illumina Inc.
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. DNAnexus Inc.
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. PerkinElmer Inc.
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Bioinformatics Services Market
29. Bioinformatics Services Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer