The bioinformatics market share is forecast to reach USD 12.95 billion), after growing at a CAGR of 17.07% during 2021-2026. The increasing R&D investments by pharmaceutical and biopharmaceutical companies is analyzed to boost the bioinformatics market growth. Moreover, the development of sophisticated bioinformatics tools for NGS is the major trend enhancing the overall market demand for (keyword) during the forecast period.
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Platforms: The bioinformatics market share growth by the platforms segment will be significant during the forecast period.
North America: 46% of the market's growth will originate from North America during the forecast period. The presence of conglomerate companies such as Thermo Fisher Scientific and PerkinElmer and the growing focus on genome mapping programs will facilitate the bioinformatics market growth in North America
Rest of World (ROW)
The bioinformatics market size will witness a YOY Growth Rate of 16.5% in 2022.
The shortage of trained laboratory professionals will be a major challenge for the bioinformatics market during the forecast period.
Major key bioinformatics market players include: Agilent Technologies Inc., Bio Rad Laboratories Inc., Biomax Informatics AG, Brooks Automation Inc., DNASTAR Inc., Eurofins Scientific SE, Fios Genomics Ltd., Genedata AG, Geneva Bioinformatics SA, Illumina Inc., Intrexon Bioinformatics Germany GmbH, Partek Inc., PerkinElmer Inc., QIAGEN NV, Quest Diagnostics Inc., Seven Bridges Genomics Inc., Source BioScience, Thermo Fisher Scientific Inc., Waters Corp., and ZS Associates Inc.
The report illustrates the lifecycle of the market, focusing on the adoption rates of the major regions such as the North America, Europe, Asia, and Rest of World (ROW).
Download the PDF sample report for highlights on the market size, growth momentum, regional growth opportunities, vendor analysis, and other factors influencing the market growth.
Precise market size estimation during the forecast period 2022-2026.
CAGR of the bioinformatics market forecast during 2022-2026.
Market-level data on units, average selling prices, and values of the bioinformatics market share.
Prediction of the upcoming trends, drivers, and factors that challenge the growth of the bioinformatics market.
Bioinformatics industry growth across North America, Europe, Asia, and Rest of World (ROW).