Latest News- Bioinformatics Market: Molecular phylogenetics is expected to lead the Application segment during 2025-2029

The Bioinformatics Market is being driven by Reduction in cost of genetic sequencing

The Bioinformatics Market is expected to grow at a CAGR of 17.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 15978 million. In the realm of Bioinformatics, Next-Generation Sequencing (NGS) has revolutionized the way biological data is generated and analyzed. While advancements in DNA sequencing technologies have made data more accessible, the sheer volume of information requires sophisticated tools and software for analysis. Numerous companies offer commercial solutions, addressing the challenges of scale and command-line computer languages. Bioinformatics tools employ mathematical and statistical methods to organize, analyze, and interpret genomic, cellular, and molecular data. Essential in diagnostics, epidemiological research, and medical treatment, Bioinformatics for NGS is a vital investment for researchers and end-users, offering cost-effective solutions to interpret and utilize biological data. 

Get more information on Bioinformatics Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Molecular phylogenetics
  • Transcriptomic
  • Proteomics
  • Metabolomics
• Product
  • Platforms
  • Tools
  • Services
• End-user
  • Pharmaceutical and biotechnology companies
  • CROs and research institutes
  • Others
• Geography
  • North America
    • Canada
    • Mexico
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • Asia
    • China
    • India
    • Japan
  • Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Reduction in cost of genetic sequencing
• Increasing demand for protein sequencing
• Emerging techniques for genome analysis

However, the market also witnesses some limitations, which are as follows:

• Shortage of trained laboratory professionals
• Varying regulations in bioinformatics research and testing
• Complexities and limitations in bioinformatics

Benefits of Buying Global Bioinformatics Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Bioinformatics Market Research Report

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

Bioinformatics market encompasses technologies such as DNA microarrays, RNA microarrays, cDNA microarrays, and oligonucleotide microarrays for genomic analysis. It also includes protein microarrays for protein-protein interaction studies, SNP genotyping for genetic variation, and analysis of structural variations and mutations. Additionally, it covers gene regulation through transcription factors, metabolic and signal transduction pathways, biological and gene networks, protein networks, metabolic networks, ontology mapping, data warehousing, data analytics, predictive modeling, statistical analysis, biomarker validation, clinical trials, precision medicine, evolutionary biology, and conservation biology.

Market Research Overview

The Bioinformatics market is a significant segment of the global life science tools and services industry, encompassing next-generation sequencing (NGS), microarray analysis, genome assembly, gene expression profiling, bioinformatics algorithms, and sequence alignment. These advanced technologies are integral to research and development (R&D) efforts in pharmaceuticals, biotechnology, and laboratory diagnosis. The market's expansion is fueled by the increasing global population aging, leading to a larger demographic requiring healthcare solutions, and the subsequent rise in demand for innovative life science tools and services. Technavio projects the global healthcare market to grow due to this demographic shift, driven by the revenue generated by manufacturers of equipment, supplies, pharmaceuticals, biotechnology, and life science tools and services.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/