Bioinformatics Market Sales to Rake in Whopping USD 34.35 billion by 2029

Surging cases of various infectious diseases which results in growing bioinformatics prevalence is estimated to drive the market’s growth across the globe. The bioinformatics market is largely influenced by surging focus of key players towards technological advances in the field of molecular diagnostics and indulging towards collaboration and partnerships with other organizations. Owing to the presence of various growth determinants the market is being propelled forward and is projected to show substantial growth over the forecasted period.

Global Bioinformatics Market was valued at USD 10.7 billion in 2021 and is expected to reach USD 34.35 billion by 2029, registering a CAGR of 15.7% during the forecast period of 2022-2029. The “Transcriptomics” accounts for the largest application segment in the bioinformatics market within the forecasted period owing to the surge in preference in companion diagnostics and personalized medicines. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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Global Bioinformatics Market Scope

The bioinformatics market is segmented on the basis of product type, services, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

  • Sequencing Platforms
  • Knowledge Management Tools
  • Bioinformatics Software

On the basis of product type, the bioinformatics market is segmented into sequencing platforms, knowledge management tools and bioinformatics software. Sequencing platforms is sub-segmented into sequence analysis platforms, sequence alignment platforms, sequence manipulation platforms, structural analysis platforms and others.  Knowledge management tools is sub-segmented into generalized knowledge management tools and specialized knowledge management tools.

Services

  • Data Analysis
  • Sequencing
  • Database integration
  • Others

On the basis of services, the bioinformatics market is segmented into data analysis, sequencing, database integration and others.

Application

  • Preventive Medicine
  • Molecular Medicine
  • Genomics
  • Drug Development
  • Transcriptomics
  • Others

On the basis of application, the bioinformatics market is segmented into preventive medicine, molecular medicine, genomics, drug development, transcriptomics and others. Transcriptomics is projected to register the highest growth owing to the surge in preference in companion diagnostics and personalized medicines.

End User

  • Medical Biotechnology
  • Academics
  • Animal Biotechnology
  • Agricultural Biotechnology
  • Environmental Biotechnology
  • Forensic Biotechnology

On the basis of end user, the bioinformatics market is bifurcated into medical biotechnology, academics, animal biotechnology, agricultural biotechnology, environmental biotechnology and forensic biotechnology.

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