Dublin, Aug. 01, 2024 (GLOBE NEWSWIRE) -- The "Bioinformatics - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Bioinformatics is estimated at US$18.3 Billion in 2023 and is projected to reach US$45.2 Billion by 2030, growing at a CAGR of 13.8% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. 
The growth in the bioinformatics market is driven by several factors, reflecting the expanding scope and application of this field. The increasing demand for nucleic acid and protein sequencing and the rising prevalence of chronic diseases requiring complex genomic study are significant growth drivers. Technological advancements that provide enhanced data storage solutions and improved computational speeds also contribute to the expansion of bioinformatics. Additionally, the growing application of bioinformatics in drug discovery processes and personalized medicine is fueling demand across the pharmaceutical and biotechnology sectors.
Government and private funding for research in genomics and post-genomics is another critical factor, as is the growing use of bioinformatics in agriculture for crop improvement and pest resistance. The increasing incorporation of AI and ML technologies into bioinformatics tools is not only enhancing efficiencies but also opening new avenues for innovation and market growth. These factors, combined with the ongoing need to manage and interpret the vast amounts of data generated by modern biological and medical research, ensure a dynamic and rapidly evolving bioinformatics market.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Bioinformatics Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Bioinformatics Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Knowledge Management Tools segment, which is expected to reach US$18.8 Billion by 2030 with a CAGR of a 12.6%. The Bioinformatics Platforms segment is also set to grow at 15.0% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $4.7 Billion in 2023, and China, forecasted to grow at an impressive 17.9% CAGR to reach $11.2 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Agilent Technologies, Inc., Dassault Systemes, ID Business Solutions Ltd., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 223 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $18.3 Billion |
| Forecasted Market Value (USD) by 2030 | $45.2 Billion |
| Compound Annual Growth Rate | 13.8% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- Bioinformatics - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Growth in Genomics and Proteomics Research Propels Bioinformatics Demand
- Expansion of Personalized Medicine and Pharmacogenomics Strengthens Market Opportunities
- Increasing Use of Bioinformatics in Drug Discovery and Clinical Trials Bodes Well for Growth
- Big Data and Machine Learning Integration Throws the Spotlight On Advanced Bioinformatics
- Demand for Cloud Computing Solutions in Bioinformatics Data Management
- Growth in Biobanking and Its Influence on Bioinformatics Services
- Developments in Agricultural Bioinformatics and Crop Improvement
- Rising Importance of Bioinformatics in Cancer Research and Therapy
- Consumer Genomics and the Direct-to-Consumer Genetic Testing Market
- Innovations in Transcriptomics and Metagenomics Analysis
FOCUS ON SELECT PLAYERS(Total 102 Featured)
- Agilent Technologies, Inc.
- Dassault Systemes
- ID Business Solutions Ltd.
- Illumina Inc.
- Instem plc
- Kinexus Bioinformatics Corporation
- Life Technologies
- Nonlinear Dynamics Ltd.
- Ocimum Biosolutions Ltd.
- PerkinElmer Inc.
- QIAGEN N.V.
- Strand Life Sciences
- Thermo Fischer Scientific Inc.
For more information about this report visit https://www.researchandmarkets.com/r/q1a85v
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