Bioinformatics Market Analysis: The Role of AI and Genomics in Shaping Personalized Medicine | Major Players: Thermo Fischer Scientific, Qiagen NV, Agilent Technologies, PerkinElmer

The Global Bioinformatics Market size reached USD 11.4 billion in 2022 and is projected to witness lucrative growth by reaching up to USD 29.1 billion by 2031. The global bioinformatics market is expected to exhibit a CAGR 12.8% during the forecast period (2024-2031).

The Bioinformatics market report provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. With a commitment to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Leveraging a combination of qualitative and quantitative research methods, the company offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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Bioinformatics is a field that uses computational tools to analyze biological data, playing a key role in genomics, drug discovery, and personalized medicine. The bioinformatics market is rapidly expanding with growing demand for advanced software and AI-driven tools in biotechnology and healthcare sectors.

Bioinformatics Market Drivers

✦Increasing use of genomics and personalized medicine is boosting the demand for bioinformatics platforms

✦Innovations in bioinformatics tools,are enhancing data analysis accuracy and supporting multi-omic research, driving market growth.

✦Continuous advancements in drug discovery, genomics, and disease understanding are fueling investments in bioinformatics technologies

Bioinformatics Market Dynamics

✦ Increasing Adoption of Genomics and Personalized Medicine to Drive the Growth of the Bioinformatics Market

The increasing adoption of genomics and personalized medicine is driving the bioinformatics market. Genomic data is essential for understanding diseases, identifying biomarkers, and developing targeted therapies. Bioinformatics platforms help interpret this data for personalized treatments. For example, BioSkryb Genomics launched the ResolveOME system and BaseJumper Bioinformatics Platform in 2023, enabling high-accuracy analysis of genomic data from a single cell. These advancements help researchers better understand complex diseases through comprehensive multi-omic analysis.

List of the Key Players in the Bioinformatics Market:

Illumina Inc., Thermo Fischer Scientific, Qiagen NV, Agilent Technologies, PerkinElmer, Celera Corporation, Dassault Systèmes, Data4Cure, Geneva Bioinformatics SA, and Lineage Cell Therapeutics, among others.

Industry Development:

✦ On April 4, 2023, Absci Corporation, a generative AI drug creation company, and M2GEN, an oncology bioinformatics company with the most sophisticated lifetime-consented clinicogenomics data to accelerate the discovery research, have formed a collaboration to develop new cancer medications and bring them to market at an unparalleled velocity. Absci's generative AI drug creation platform, ORIEN AVATAR, will use M2GEN's clinical and molecular data set to speed the development of therapies for a variety of cancers and patient profiles, bringing AI drug creation to the fight against cancer.

✦ On March 30, 2023, Watershed Informatics, the developer of a multi-omics insight platform for biopharmaceutical discovery teams, announces the completion of a $14.5M Series A funding led by Canvas Ventures and including preexisting investors Bessemer Venture Partners and Accomplice Ventures. With the help of this financing, Watershed is better positioned to increase its commercial traction, quicken the pace of product creation, and ultimately change how researchers find new drugs using multi-omics.

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Segment Covered in the Bioinformatics Market:

➠ By Product & Services Type (Knowledge Management Tools, Bioinformatics Platforms, Services)
➠ By Application(Genomics, Gene Engineering, Drug Development, Omics, Personalized Medicine, Others)

Research Methodology:

Our research methodology combines both qualitative and quantitative approaches to provide you with a thorough market analysis. We begin by gathering data from trusted industry reports and databases (secondary research), followed by primary research through surveys and interviews with key experts. We then apply advanced statistical tools to analyze the data, uncover trends, and assess market dynamics. Additionally, we use market segmentation and Porter's Five Forces analysis to evaluate competition. This approach ensures that the insights we provide are reliable, actionable, and tailored to support your decision-making process.

This Report Covers:

✔ Go-to-market Strategy.
✔ Neutral perspective on the market performance.
✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, Market Access, and other significant analysis, as well as development status.
✔Customized regional/country reports as per request and country level analysis.
✔ Potential & niche segments and regions exhibiting promising growth covered.
✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

Regional Analysis for Bioinformatics Market:

⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
➡ Top-down and bottom-up approach for regional analysis
➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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Frequently asked questions:

➠ What is the global sales value, production value, consumption value, import and export of Bioinformatics market?
➠ Who are the global key manufacturers of the Bioinformatics Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?
➠ What are the Bioinformatics market opportunities and threats faced by the vendors in the global Bioinformatics Industry?
➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?
➠ What focused approach and constraints are holding the Bioinformatics market?
➠ What are the different sales, marketing, and distribution channels in the global industry?

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