Bioinformatics Services Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

  • Single User License $3500

Bioinformatics Services Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : May, 2020 | Healthcare IT | PPT format

Report Digest


Bioinformatics Services Market Introduction

Bioinformatics is the field mainly involving molecular biology, genetics, mathematics, statistics, and computer science. The bioinformatics services include analysis of the data that can range from processing sequencing reads from instrument to data aggregation and mining data samples. Bioinformatics services can help biologists to understand the biological process with a computational intensive technique for machine learning algorithms, pattern recognition, data mining and visualization.

Bioinformatics tools can help to compare genomic and genetic data and understand evolutionary aspects of molecular biology. Bioinformatics services are finding wide application in chemoinformatics, genomics, metabolomics, RNA-seq analysis, and drug design. The database is an important part for bioinformatics research and application to cover various information types including molecular structure, protein and DNA sequences, and phenotypes in bioinformatics services.

Bioinformatics Services Market: Notable Highlights

  • Thermo Fisher Scientific has decided to stop selling its genetic sequencing equipment in Xinjiang, China as it may be used to create DNA database of Uighur minority in the Country. Meanwhile, Thermo Fisher Scientific recently signed an agreement to sell its Anatomical Pathology business to PHC Holdings.
  • In 2018, CD Genomics launched premier RNA-seq services for accurate and cost-efficient gene profiling. It will also enable the discovery of new gene structures.
  • NRGene along with Macrogen Corp. launched ArrayMAGIC, a sequencing based genotype service. It provides ultra-high density SNP genotyping, while offering cost-effective and convenient genotyping.
  • Macrogen’s NGS labs in Korea has officially received Clinical Laboratory Improvement Amendments (CLIA) accreditation. The company is the first one to receive CLIA accreditation in Korea.
  • QIAGEN has entered into a partnership with Ares Genetics to develop new bioinformatics and assay solutions in order to support research targeting various global health challenges by antibiotic resistant pathogens.
  • MedGenome has taken over the Center for Genetic Health Care (CGHC) in Mumbai, India. It will be called as MedGenome-CGHC and will have team of experienced scientists, medical geneticists and bioinformatics.

Some of the most prominent competitors operating in the competitive landscape of global bioinformatics services market include –

  • CD Genomics
  • Illumina
  • NeoGenomics
  • Thermo Fisher Scientific
  • PerkinElmer
  • BGI
  • Microsynth
  • QIAGEN
  • BaseClear
  • Fios Genomics
  • MedGenome
  • GENEWIZ
  • Macrogen

Bioinformatics Services Market Dynamics

Bioinformatics Services Finding Wide Application in Personalized Medicine Discovery

With the increasing prevalence of various diseases, new treatments and drugs are being discovered and developed. Extensive molecular biological data on patients is being included on a large scale in diagnosis and treatment. Bioinformatics services is fundamental to precision medicine as developing personalized medicine depends on accessing genetic and molecular data. In recent years, the majority of the molecularly targeted drugs have been developed based on the detected gene mutation.

Next-gen sequencing in bioinformatics services is emerging as an important tool in genomic analysis and developing personalized medicine. Next-gen sequencing along with microarrays in bioinformatics services have also paved the way for precision medicine in oncology. Meanwhile, increasing availability and decreasing the cost of next-gen sequencing is allowing worldwide cancer centers to offer next-gen sequencing based personalized oncology for clinical practice while suggesting specific medicine and treatment.

Increasing Initiatives by Governments and Private Organizations in Bioinformatics Services

With increasing application of new technologies in life science, governments and organizations across various countries are investing in the new technologies and in research and development activities in bioinformatics services. According to the Global Alliance for Genomics and Health (GA4GH), around 60 million genomes are likely to be sequenced by 2025. Moreover, with the presence of national clinical genomic initiatives worldwide, the generation of genomic data in healthcare is expected to outpace that in research in the coming years. Governments across countries are increasingly investing in the biotechnology and bioinformatics services to effectively implement new technologies and support genomic and epidemiological research.

Countries such as the US, UK, Australia, France, Japan, Saudi Arabia, Qatar, Denmark are developing new strategies for projects focusing on cancer and rare diseases, along with the use of sequencing services and genomic data. New research activities are also being conducted for application of bioinformatics services in biodefense. The Mid-Atlantic Microbiome Meet-up (M3) is focusing on the use of next-generation sequencing technologies and recent advances in biodefense, especially related to infectious diseases, and also using metagenomic methods for detection.

Shortage of Skilled Workforce and High Cost Hampering the Bioinformatics Services Market Growth

Although bioinformatics services is emerging as an important part of research in life science, lack of skills and knowledge in bioinformatics is hindering its growth. With the technological and process advancements in biotechnology, it has become imperative that bioinformatics techniques are performed by skilled personnel. However, the need for heavy investment in tool upgradation and installation training is impeding the growth of bioinformatics services. Owing to this there is a lack of skilled manpower in bioinformatics services who can adapt to the high-end bioinformatics techniques and processes.

Moreover, the lack of skilled professionals in bioinformatics services is also hampering the growth of clinical laboratories as they are focusing to automate processes. However, in recent years, governments along with healthcare institutions are focusing on strategies to provide new courses in bioinformatics as it holds a big promise in solving many health related and environmental issues.

Bioinformatics Services Market Segmentation

Based on the type, the bioinformatics services market is segmented into

  • Data Analysis Services
  • Sequencing Services
  • Database and Management Services
  • Drug Discovery Services
  • Gene Expression Analysis Services
  • Others

On the basis of application, the bioinformatics services market segment includes

  • Chemoinformatics and Drug Design
  • Transcriptomics
  • Genomics
  • Proteomics
  • Metabolomics
  • Others

Based on the specialty, the bioinformatics services market is segmented into

  • Animal Biotechnology
  • Environmental Biotechnology
  • Medical Biotechnology
  • Forensic Biotechnology
  • Plant Biotechnology      

Based on the end-user, the bioinformatics services market segment includes

  • Pharmaceutical & Biotechnology Companies
  • Academic Institutes & Research Centers 
  • Hospitals & Clinics 
  • Others 

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

Wish to check Table of Contents of this report?

Click below to Request TOC

Request TOC