A new market study report by The Insight Partners on the Bioinformatics Market has been released with reliable information and accurate forecasts for a better understanding of the current and future market scenarios. The report offers an in-depth analysis of the global market, including qualitative and quantitative insights, historical data, and estimated projections about the market size and share in the forecast period.

The bioinformatics market is expected to grow from US$ 12,609.39 million in 2021 to US$ 34,749.78 million by 2028; it is estimated to grow at a CAGR of 15.7% from 2022 to 2028.    

The key market drivers for Bioinformatics Market Includes, rising geriatric population across the globe along with significant increase in physically challenged population. Moreover, increased healthcare spending in developed nations is also expected to fuel market growth. Whereas, less awareness of Bioinformatics in low income nations is expected to restrain market growth during forecast period.

Based on product, the global bioinformatics market is segmented into bioinformatics platforms, knowledge management tools, and bio informative services. The bioinformatics platforms segment is likely to account for the largest market share during 2022–2028. In terms of application, the market is segmented into genomics, proteomics, chemoinformatics & drug design, transcriptomics, metabolomics, and others.

The genomics segment held the largest market share in 2021 and is likely to continue its dominance during the forecast period. Based on sector, the market is segmented into medical biotechnology, animal biotechnology, agricultural biotechnology, academics, environmental biotechnology, forensic biotechnology, and others. The medical biotechnology segment held the largest market share in 2021 and is likely to continue its dominance during the forecast period.

The Emerging Players in the Bioinformatics Market includes: Agilent Technologies, Inc; Biomax Informatics Ag; Bruker Corporation; Dassault Systems; Eurofins Scientific; Geneva Bioinformatics; Illumina; Perkinelmer; Qiagen; and Thermofisher Scientific, Inc. are among the leading companies operating in the global bioinformatics market.    

Due to the pandemic, we have included a special section on the Impact of COVID 19 on the Bioinformatics Market which would mention How the Covid-19 is Affecting the Bioinformatics Industry, Market Trends and Potential Opportunities in the COVID-19 Landscape, Covid-19 Impact on Key Regions and Proposal for Bioinformatics Players to fight Covid-19 Impact.

Factors such as growing demand for digital classrooms along with ascending demand from online gamers is contributing to the growth of market. Furthermore, increasing adoption of Bioinformatics in retail sector and increasing user engagement with the help of Bioinformatics for applications such as way finding will drive the growth of Bioinformatics market during forecast period.

The research provides answers to the following key questions:

What is the estimated growth rate of the market for the forecast period 2022–2028? What will be the market size during the estimated period?
What are the key driving forces responsible for shaping the fate of the Bioinformatics market during the forecast period?
Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Bioinformatics market?
What are the prominent market trends influencing the development of the Bioinformatics market across different regions?
What are the major threats and challenges likely to act as a barrier in the growth of the Bioinformatics market?
What are the major opportunities the market leaders can rely on to gain success and profitability?

About Us:

The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.

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