According to Straits Research, the global bioinformatics market size was valued at USD 12,174 million in 2021, envisioned to reach USD 34,003 million in 2031, expanding at a CAGR of 13.7% during the forecast period. The rapid evolution of bioinformatics is significantly influencing the healthcare, pharmaceutical, and agricultural industries, driven by advancements in computational biology, data analytics, and genomics research.
Market Definition
Bioinformatics is an interdisciplinary field that combines biology, computer science, mathematics, and statistics to analyze and interpret biological data. It plays a crucial role in genomics, proteomics, metabolomics, and systems biology, offering innovative solutions for drug discovery, personalized medicine, and agricultural biotechnology.
In 2022, Agilent Technologies, Inc. announced to improve Alissa Reporter's processing rates for variant calling processes on the cloud-native platform of Agilent with the use of Amazon Elastic Compute Cloud G5g instances.
In 2022, Agilent Technologies, Inc. announced the launch of MassHunter BioConfirm 12.0 software that supports data produced by Agilent's high-resolution LC/MS for oligonucleotide purity analysis and sequence verification.
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Latest trends in the bioinformatics market include:
Increased integration of artificial intelligence (AI) and machine learning (ML) in data analysis to enhance accuracy and efficiency.
The rising adoption of cloud-based bioinformatics solutions for better data storage, accessibility, and collaboration.
Growing demand for personalized medicine and precision healthcare, driving advancements in genomic sequencing and data interpretation.
Expansion of bioinformatics applications in agriculture to improve crop yield, disease resistance, and sustainability.
Increased funding and government initiatives supporting bioinformatics research and development.
Key Opportunities in the Bioinformatics Market
The increasing prevalence of chronic diseases, advancements in next-generation sequencing (NGS), and the growing demand for personalized medicine create lucrative opportunities in the bioinformatics sector. Companies are investing heavily in R&D to develop innovative bioinformatics tools, platforms, and services, further boosting market growth.
Key Players in the Bioinformatics Market
Several leading companies are actively shaping the bioinformatics market, including:
Accelrys, Inc.
Affymetrix, Inc.
Agilent Technologies, Inc.
Geneva Bioinformatics
SA Nonlinear Dynamics
Quest Diagnostics, Inc.
Illumina, Bruker Daltonics Inc.
Biomax Informatics AG
Life Technologies Corporation
Market Segmentations
The bioinformatics market is segmented based on technology, service, application, and sector:
By Technology & Service:
Knowledge Management Tools:
Generalized Knowledge Management Tools
Specialized Knowledge Management Tools
Bioinformatics Platforms:
Sequence Analysis Platforms
Sequence Alignment Platforms
Sequence Manipulation Platforms
Structural Analysis Platforms
Others
Bioinformatics Services:
Sequence Analysis Services
Database and Management
Data Analysis
Others
By Application:
Metabolomics
Molecular Phylogenetics
Transcriptomics
Proteomics
Chemoinformatics & Drug Design
Genomics
Others
By Sector:
Medical Bioinformatics
Animal Bioinformatics
Agriculture Bioinformatics
Academics
Others
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Conclusion
The bioinformatics market is poised for substantial growth, driven by advancements in genomics, increased demand for personalized medicine, and the integration of AI in data analysis. Leading players continue to innovate and expand their offerings to meet the evolving needs of healthcare, pharmaceuticals, and agricultural industries.
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