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 NGS technologies continue to advance at an unprecedented pace, the subsequent data analysis poses significant challenges due to its immense scale. Consequently, several businesses have emerged, providing commercial solutions to mitigate these issues. These offerings encompass sophisticated bioinformatics tools and software, enabling researchers and end-users to interpret and utilize genomic, cellular, and molecular data more efficiently and cost-effectively. Employing advanced mathematical and statistical techniques, these tools facilitate the organization, analysis, and interpretation of biological information, thereby playing a pivotal role in diagnostics, epidemiological research, and medical treatment. 

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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

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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 is a rapidly growing field that employs advanced computational techniques to analyze biological data. Key areas include DNA barcoding for species identification, metagenomic and RNA sequencing for microbial community analysis, protein-protein interaction and modification studies, enzyme kinetics, and microbial ecology in evolutionary biology and population genetics. Functional genomics, comparative genomics, and structural biology utilize bioinformatics software for database management, data visualization, and statistical analysis. Clinical, agricultural, environmental, and forensic applications benefit from bioinformatics tools such as Bioconductor packages, Python scripting, R programming, bioinformatics algorithms, sequence assembly, and variant calling.

Market Research Overview

The global life science tools and services market encompasses companies and offerings involved in the research and development (R&D) of a diverse range of products, including capital equipment, instruments, accessories, and consumables. These tools are utilized in the pharmaceutical and biotechnology industries, as well as in laboratory diagnosis of various diseases. The market size is determined by Technavio based on the consolidated revenue generated by manufacturers of equipment, supplies, pharmaceuticals, biotechnology, and life science tools and services. Factors driving market growth include the increasing global population aging, leading to a larger demographic requiring healthcare solutions, and advancements in genome sequencing, proteomics analysis, transcriptomics profiling, and metabolomics data analysis. These technologies are revolutionizing the healthcare sector by enabling more accurate diagnoses and personalized treatment plans.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
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