According to a research report published by Spherical Insights & Consulting, the Global Bioinformatics Services Market Size is Expected to Grow from USD 3.31 Billion in 2023 to USD 12.71 Billion by 2033, at a CAGR of 14.40% during the forecast period 2023-2033.

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Bioinformatics is a new field created by the blending of biology and information technology. It’s a multi-disciplinary subject combining statistics, chemistry, biology, computer science, and mathematics as a single coherent branch. This sector mostly works with biological instruments to create new software and analyze biological data. According to the NCBI, – a component of the National Library of Medicine and also of the National Institutes of Health- Bioinformatics is the application of computational systems to the analysis of all biological information-from collection, classification, manipulation, recovery, storage, and visualization. Government funding and programs for genomics-focused research and development are increasing, and technology is being employed more and more in the processes of finding new drugs and developing biomarkers. Furthermore, data integration, manipulation, lead finding, data administration, in silico analysis, and advanced knowledge discovery are among the bioinformatics services that businesses across a range of industries are increasingly utilizing. However, a requirement for more effective and better training and educational initiatives for collecting and analyzing potentially costly bioinformatics data.

Browse key industry insights spread across 288 pages with 120 Market data tables and figures & charts from the report on the Global Bioinformatics Services Market Size, Share, and COVID-19 Impact Analysis, By Services (NGS, Chemoinformatics, Microarray Data Analysis, Biological Data Curation, and Scientific Software Testing Services, Others), By Application (Genomics, Transcriptomics, Metabolomics, Proteomics, and Drug Discovery, Others), By End User (Agriculture, Animal, Medical, and Academic Sector, Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.

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The NGS segment is anticipated to hold the greatest share of the global bioinformatics services market during the forecast period.

On the basis of the services, the global bioinformatics services market is divided into NGS, chemoinformatics, microarray data analysis, biological data curation, and scientific software testing services, others. Among these, the NGS segment is anticipated to hold the greatest share of the global bioinformatics services market during the forecast period. This is attributed to the increasing application of sequencing technology in the fields of disease prognosis, biomarker development, and precision medicine.

The transcriptomics segment is anticipated to hold the greatest share of the global bioinformatics services market during the forecast period.

On the basis of the application, the global bioinformatics services market is categorized into genomics, transcriptomics, metabolomics, proteomics, and drug discovery, others. Among these, the transcriptomics segment is anticipated to hold the greatest share of the global bioinformatics services market during the forecast period. This is attributed to the growing requirement for disease management and the implementation of preventative medicine also customized healthcare.

The academic sector is anticipated to hold the greatest share of the global bioinformatics services market during the forecast period.

On the basis of the end user, the global bioinformatics services market is categorized into agriculture, animal, medical, and academic sectors, others. Among these, the academic sector is anticipated to hold the greatest share of the global bioinformatics services market during the forecast period. This is attributed to the research facilities and academic institutions are important to progress in innovation in the bioinformatics sector.

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North America is expected to hold the greatest share of the global bioinformatics services market over the projected timeframe.

North America is expected to hold the greatest share of the global bioinformatics services market over the projected timeframe. A clear regulatory framework is responsible for both the growing penetration of industry participants and the accompanying generation of industrial revenue. The region’s concomitant rise in next-generation sequencing and chemical laboratories is the main reason influencing the high penetration of informatics services focused on drug discovery and ultimately raising revenue generation.

Asia Pacific is anticipated to grow at a rapid pace in the global bioinformatics services market during the forecast period. The 60% of people in this region, even a slight prevalence translates into a large number of ill people. Emerging economies that support the Asia Pacific region’s growth and revenue share include Australia and India.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global bioinformatics services market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the global bioinformatics services market are Source Bioscience, Thermo Fisher Scientific, Qiagen Bioinformatics, Perkinelmer, Neogenomics, Microsynth, Medgenome Labs, Macrogen, Illumina, Genewiz, FIOS Genomics, Eurofins Scientific, CD Genomics, Baseclear, BGI, and others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Key Market Development

• In March 2022, Thermo Fisher Scientific Inc. released the CE-IVD Marked Next-Generation Sequencing (NGS) Instrument for Use in Clinical Labs. On this device, clinical research and diagnostic tests are carried out using the CE-IVD Marked Next-Generation Instrument.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global industrial FDM 3D printer market based on the below-mentioned segments:

Global Bioinformatics Services Market, By Type

• NGS
• Chemoinformatics
• Microarray Data Analysis
• Biological Data Curation
• Scientific Software Testing Services
• Others

Global Bioinformatics Services Market, By Application

• Genomics
• Transcriptomics
• Metabolomics
• Proteomics
• Drug discovery
• Others

Global Bioinformatics Services Market, By End User

• Agriculture
• Animal
• Medical
• Academic Sector
• Others

Global Bioinformatics Services Market, Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

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About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company’s mission is to work with businesses to achieve business objectives and maintain strategic improvements.

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