Published by TMR Research Insights
Posted on October 5, 2021
5 min readLast updated: January 31, 2026
The bioinformatics services market is growing due to tech advancements and IT applications in biotechnology, with North America leading.
Perpetual expansion of application areas of biotechnology in the fields, such as, disease diagnosis and forensic research is attracting the attention of health care professionals. Bioinformatics is used for management, storage, and standardization of information obtained from research and development in biotechnology, life sciences, and biopharmaceutical industries.
The global bioinformatics services market has experienced tremendous growth in the past decade due to factors such as advancement in technology, expanding application of information technology in health care, and increasing demand for data management tools in life sciences and biotechnology research sectors.
Major factors influencing the growth of this market are increasing research and development activities in the field of biotechnology, drug discovery, and biopharmaceuticals. In addition, increase in government initiatives also boosts the growth of the biotechnology market globally. Bioinformatics is widely used in research and development in the biotechnology and biopharmaceutical industries.
Research and development activities involve significant investments and thus, small and medium-sized companies face difficulties in investing on analytical software. In order to reduce the cost of research and development process, manufacturers are focusing on development of web-based software solutions, wherein researchers need to make marginal investment in analytical software.
Request a PDF Brochure – https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=46488
In addition, web-based analytical software does not require large storage or data handling capacity. Thus, owing to the mentioned factors, demand for web-based analytical software is expected to rise in the near future. Therefore, web-based offerings in bioinformatics show potential growth opportunities for players operating in this market. Bioinformatics techniques demand skilled manpower to derive accurate results. Installation and upgrade to sophisticated tools or platforms in clinical laboratories demand for high investment in training of the staff so that they can efficiently use the systems. Lack of skilled personnel is a key factor restricting the adoption of sophisticated and high-end biotechnology processes.
The global bioinformatics services market can be segmented based on service type, application, end-user, and region. In terms of service type, the bioinformatics services market can be categorized into sequencing services, database and management services, data analysis services, and other services. Bioinformatics has eased the process of data analysis with various technological applications. Manufacturers are offering various services in order to overcome the shortage of skilled personnel in using bioinformatics tools and platforms.
Request for Analysis of COVID19 Impact on Bioinformatics Services Market – https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=46488
Data analysis is one of the vital operations performed by the bioinformatics service industry. High-end tools, such as, microarrays have been introduced to cater to the rising demand for customized data analysis. In terms of application, the bioinformatics services market can be classified into preventive medicine, molecular medicine, gene therapy, drug development, and others. Based on end-user, the bioinformatics services market can be segmented into academic and research institutes, pharmaceutical and biotechnology companies, hospitals and clinics, and others.
In terms of region, the global bioinformatics services market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is projected to continue its dominance in the global bioinformatics services market owing significant R&D expenditure, greater acceptance of technology advancements, and increase in investments for technological innovations in bioinformatics. Rise in drug discovery and development, coupled with increase in government initiatives toward funding of small and start-up companies in the biotechnology and life sciences industry, is a major factor expected to drive the bioinformatics services market in North America during the forecast period.
Pre Book Bioinformatics Services Market Research – https://www.transparencymarketresearch.com/checkout.php?rep_id=46488<ype=S
The bioinformatics services market in major countries of Asia Pacific, such as India and China, is expected to grow rapidly during the forecast period. Government initiatives to boost the biotechnology sector is a prime driver of the bioinformatics services market in the region. Moreover, availability of skilled and qualified manpower at low cost, government support in setting up of manufacturing units, strategic acquisitions of local players, and currency difference benefits are expected to attract global bioinformatics manufacturers to Asia Pacific.
Key players operating in the global bioinformatics services market are Agilent Technologies, IBM Life Sciences, Qiagen N.V., Illumina Inc., Eurofins Scientific, Bruker Daltonics Inc., Perkinelmer Inc., Accelrys Inc., Life Technologies Corporation, and CD Genomics.
More Trending Reports by Transparency Market Research –
Structural Heart Devices Market: https://www.prnewswire.com/news-releases/structural-heart-devices-market-promises-healthy-growth-with-a-robust-7-5-cagr-to-reach-13-bn-in-2027–301009748.html
Bioprocess Analyzers Market: https://www.prnewswire.com/news-releases/increased-research-activities-boost-demand-opportunities-in-bioprocess-analyzers-market-tmr-301219737.html
About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals. Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information, we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
Contact Us
Mr. Rohit Bhisey
Transparency Market Research
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Blog: https://tmrblog.com/
The article analyzes the growth and outlook of the bioinformatics services market from 2018 to 2026.
Technological advancements, IT applications in healthcare, and increased demand for data management tools.
A lack of skilled personnel and high investment costs for advanced tools.
Explore more articles in the Research Reports category
