Bioinformatics Services Market by Type (Microbiome, Transcriptome, Virtual Screening, Database Management), Specialty (Medical, Forensics), Application (Proteomics, Metabolomics), End User (Academia, Pharma) - Global Forecast to 2023

The bioinformatics services market was valued at USD 1.58 Billion in 2017 and is projected to reach USD 3.53 Billion by 2023, at a CAGR of 15.7% during the forecast period.

Years considered for the study

• Base Year—2017
• Estimated Year—2018
• Forecast Period—2018–2023

Objectives of the study are:

• To define, describe, and forecast the bioinformatics services market by type, specialty, application, end user, and region
• To provide detailed information regarding the major factors influencing market growth (drivers, restraints, and opportunities) along with the current trends
• To strategically analyze micromarkets with respect to their individual growth trends, prospects, and contributions to the total market
• To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
• To forecast the revenue of the market segments with respect to four regions, namely, North America, Europe, Asia Pacific, and the Rest of the World
• To profile the key players and comprehensively analyze their market shares and core competencies
• To track and analyze competitive developments such as product launches & approvals; agreements, partnerships, and collaborations; mergers and acquisitions; and expansions in the bioinformatics services market

Research Methodology

This research study involved the usage of extensive secondary sources, directories, and databases such as D&B, Bloomberg Business, and Factiva, along with government databases, to identify and collect information useful for this technology-based, market-oriented, and commercial study of the bioinformatics services market. In-depth interviews were conducted with various primary respondents, including key industry participants, subject-matter experts (SMEs), C-level executives of key market players, and industry consultants, to obtain and verify critical qualitative and quantitative information as well as to assess future prospects.

The secondary sources referred to for this research study include corporate filings (such as annual reports, SEC filings, investor presentations, and financial statements); research journals; press releases; as well as articles published by various bioinformatics service providers and professional associations.

To know about the assumptions considered for the study, download the pdf brochure

As of 2017, Illumina (US), Thermo Fisher Scientific (US), Eurofins Scientific (Luxembourg), BGI (China), NeoGenomics (US), PerkinElmer (US), CD Genomics (US), Macrogen (South Korea), QIAGEN (Germany), GENEWIZ (US), Source BioScience (UK), Microsynth (Switzerland), MedGenome (India), Fios Genomics (UK), and BaseClear (Netherlands) are some of the key players in the global bioinformatics services market. A majority of the leading players in the global market adopt the strategies of developing technologically advanced bioinformatics services, entering into partnerships and collaborations to co-develop improved bioinformatics solutions, and acquisitions to enhance its market position.

Stakeholders

• Bioinformatics service providers
• High-throughput sequencing service providers
• Bioinformatics software services vendors and distributors
• Research laboratories and academic institutes
• Government & non-government laboratories
• Venture capitalists and other funding organizations
• Market research and consulting firms
• Healthcare institutions (hospitals, surgical centers, and diagnostic clinics)
• Life Sciences data analysis companies
• Pharmaceutical and biotechnology companies
• Contract research organizations (CROs)
• Forensic laboratories
• Biopharmaceutical companies

Scope of the Report

This research report categorizes the bioinformatics services market into the following segments and subsegments:

By Type

• Sequencing Services
  • Whole Genome Sequencing and De Novo Assembly
  • Exome Analysis
  • Transcriptome Analysis
  • Metagenomic Analysis
  • ChIP-Seq Analysis
  • Other Sequencing Analysis         
• Data Analysis
  • Data Mining
  • Genomic Analysis
  • Proteomic Analysis        
  • Variant Annotation and Discovery             
• Drug Discovery Services
• Differential Gene Expression Analysis
• Database and Management Services
• Other Bioinformatics Services

By Specialty

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

By Application

• Genomics
• Chemoinformatics and Drug Design
• Proteomics
• Transcriptomics
• Metabolomics
• Other Applications         

By End User

• Academic Institutes & Research Centers               
• Hospitals & Clinics        
• Pharmaceutical & Biotechnology Companies
• Other End Users

By Region

• North America
• Europe
• Asia Pacific
• Rest of the World (RoW)

*Note: Other Sequencing Analysis includes bisulfite sequencing, amplicon sequencing, and microbiome analysis, among others.
Other Bioinformatics Services include biological pathways analysis, development of healthcare apps, customized bioinformatics based software development, and high-throughput image analysis, among others.
Other Applications include molecular phylogenetics, glycomics, cytomics, physiomics, and interactomics, among others.
Other End Users include non-profit organizations, reference laboratories, agrigenomics organizations, and consumer genomics companies, among others..

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company‘s specific needs. The following customization options are available for the report:

Services Analysis

• Service matrix which gives a detailed comparison of the service portfolios of the top five companies

Company Information

• Detailed analysis and profiling of additional market players (up to 5)

Table of Contents

1 Introduction (Page No. - 12)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 16)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of Primaries
                    2.1.2.2 Primary Sources
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Assumptions

3 Executive Summary (Page No. - 23)

4 Premium Insights (Page No. - 27)
    4.1 Bioinformatics Services: Market Overview
    4.2 Bioinformatics Services Market, By Type (2018 vs 2023)
    4.3 Global Market, By Application (2018 vs 2023)
    4.4 Global Market, By Specialty (2018 vs 2023)
    4.5 Global Market, By Region and End User, 2018 vs 2023 (USD Million)

5 Market Overview (Page No. - 31)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Growing Applications of Bioinformatics in Various Industries
                    5.2.1.2 Increasing Public-Private Sector Funding for Bioinformatics Services
                    5.2.1.3 Shortage of Skilled Bioinformatics Professionals Leading to Increased Outsourcing of Bioinformatics Projects
           5.2.2 Restraints
                    5.2.2.1 In-House Development of Bioinformatics Solutions and Publically Available Bioinformatics Tools
           5.2.3 Opportunities
                    5.2.3.1 Reducing Cost of Sequencing and Growing Volume of Data Generated During Sequencing
                    5.2.3.2 Growing Focus on Outsourcing for the Management of Large Volumes of Data
                    5.2.3.3 Emerging Markets
           5.2.4 Challenges
                    5.2.4.1 Complexity of Data
                    5.2.4.2 Lack of Well-Defined Standards for Bioinformatics Analysis

6 Bioinformatics Services Market, By Type (Page No. - 37)
    6.1 Introduction
    6.2 Sequencing Services
           6.2.1 Whole Genome Sequencing and De Novo Assembly
           6.2.2 Exome Analysis
           6.2.3 Transcriptome Analysis
           6.2.4 Metagenomic Analysis
           6.2.5 Chip-Seq Analysis
           6.2.6 Other Sequencing Analysis
    6.3 Data Analysis
           6.3.1 Data Mining
           6.3.2 Genomic Analysis
           6.3.3 Proteomic Analysis
           6.3.4 Variant Annotation and Discovery
    6.4 Drug Discovery Services
    6.5 Differential Gene Expression Analysis
    6.6 Database and Management Services
    6.7 Other Bioinformatics Services

7 Bioinformatics Services Market, By Specialty (Page No. - 58)
    7.1 Introduction
    7.2 Medical Biotechnology
    7.3 Animal Biotechnology
    7.4 Plant Biotechnology
    7.5 Environmental Biotechnology
    7.6 Forensic Biotechnology

8 Bioinformatics Services Market, By Application (Page No. - 65)
    8.1 Introduction
    8.2 Genomics
    8.3 Chemoinformatics & Drug Design
    8.4 Proteomics
    8.5 Transcriptomics
    8.6 Metabolomics
    8.7 Other Applications

9 Bioinformatics Services Market, By End User (Page No. - 73)
    9.1 Introduction
    9.2 Academic Institutes & Research Centers
    9.3 Hospitals & Clinics
    9.4 Pharmaceutical & Biotechnology Companies
    9.5 Other End Users

10 Bioinformatics Services Market, By Region (Page No. - 80)
     10.1 Introduction
     10.2 North America
     10.3 Europe
     10.4 Asia Pacific
     10.5 Rest of the World

11 Competitive Landscape (Page No. - 98)
     11.1 Introduction
     11.2 Market Ranking Analysis, By Key Player, 2017
     11.3 Competitive Situation and Trends
             11.3.1 Service Launches
             11.3.2 Agreements, Partnerships and Collaborations
             11.3.3 Expansions
             11.3.4 Acquisitions

12 Company Profiles (Page No. - 103)
(Introduction, Products & Services, Strategy, & Analyst Insights, Developments, MnM View)*
     12.1 Baseclear
     12.2 BGI
     12.3 CD Genomics
     12.4 Eurofins Scientific
     12.5 FIOS Genomics
     12.6 Genewiz
     12.7 Illumina
     12.8 Macrogen
     12.9 Medgenome Labs
     12.10 Microsynth
     12.11 Neogenomics
     12.12 Perkinelmer
     12.13 Qiagen Bioinformatics
     12.14 Source Bioscience
     12.15 Thermo Fisher Scientific

*Details on Marketsandmarkets View, Introduction, Product & Services, Strategy, & Analyst Insights, New Developments Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 129)
     13.1 Discussion Guide
     13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.3 Introducing RT: Real-Time Market Intelligence
     13.4 Available Customizations
     13.5 Related Reports
     13.6 Author Details

List of Tables (64 Tables)

Table 1 Global Bioinformatics Services Market, By Type, 2016–2023 (USD Million)
Table 2 Global Bioinformatics Sequencing Services Market, By Type, 2016–2023 (USD Million)
Table 3 Global Bioinformatics Sequencing Services Market, By Specialty, 2016–2023 (USD Million)
Table 4 Bioinformatics Sequencing Services Market, By Region, 2016–2023 (USD Million)
Table 5 Bioinformatics Sequencing Services Market for Whole Genome Sequencing and De Novo Assembly, By Region, 2016–2023 (USD Million)
Table 6 Bioinformatics Sequencing Services Market for Exome Analysis, By Region, 2016–2023 (USD Million)
Table 7 Bioinformatics Sequencing Services Market for Transcriptome Analysis, By Region, 2016–2023 (USD Million)
Table 8 Bioinformatics Sequencing Services Market for Metagenomic Analysis, By Region, 2016–2023 (USD Million)
Table 9 Bioinformatics Sequencing Services Market for Chip-Seq Analysis, By Region, 2016–2023 (USD Million)
Table 10 Bioinformatics Sequencing Services Market for Other Sequencing Analysis, By Region, 2016–2023 (USD Million)
Table 11 Global Bioinformatics Data Analysis Services Market, By Type, 2016–2023 (USD Million)
Table 12 Global Bioinformatics Data Analysis Services Market, By Specialty, 2016–2023 (USD Million)
Table 13 Bioinformatics Data Analysis Services Market, By Region, 2016–2023 (USD Million)
Table 14 Bioinformatics Data Analysis Services Market for Data Mining, By Region, 2016–2023 (USD Million)
Table 15 Bioinformatics Data Analysis Services Market for Genomic Analysis, By Region, 2016–2023 (USD Million)
Table 16 Bioinformatics Data Analysis Services Market for Proteomic Analysis, By Region, 2016–2023 (USD Million)
Table 17 Bioinformatics Data Analysis Services Market for Variant Annotation and Discovery, By Region, 2016–2023 (USD Million)
Table 18 Global Bioinformatics Drug Discovery Services Market, By Specialty, 2016–2023 (USD Million)
Table 19 Bioinformatics Drug Discovery Services Market, By Region, 2016–2023 (USD Million)
Table 20 Global Bioinformatics Differential Gene Expression Analysis Services Market, By Specialty, 2016–2023 (USD Million)
Table 21 Bioinformatics Differential Gene Expression Analysis Services Market, By Region, 2016–2023 (USD Million)
Table 22 Global Database and Management Services Market, By Specialty, 2016–2023 (USD Million)
Table 23 Database and Management Services Market, By Region, 2016–2023 (USD Million)
Table 24 Global Bioinformatics Services Market for Other Services, By Specialty, 2016–2023 (USD Million)
Table 25 Global Market for Other Services, By Region, 2016–2023 (USD Million)
Table 26 Global Market, By Specialty, 2016–2023 (USD Million)
Table 27 Global Market for Medical Biotechnology, By Region, 2016–2023 (USD Million)
Table 28 Bioinformatics Services Market for Animal Biotechnology, By Region, 2016–2023 (USD Million)
Table 29 Global Market for Plant Biotechnology, By Region, 2016–2023 (USD Million)
Table 30 Global Market for Environmental Biotechnology, By Region, 2016–2023 (USD Million)
Table 31 Global Market for Forensic Biotechnology, By Region, 2016–2023 (USD Million)
Table 32 Global Bioinformatics Services Market, By Application, 2016–2023 (USD Million)
Table 33 Global Market for Genomics, By Region, 2016–2023 (USD Million)
Table 34 Global Market for Chemoinformatics and Drug Design, By Region, 2016–2023 (USD Million)
Table 35 Global Market for Proteomics, By Region, 2016–2023 (USD Million)
Table 36 Bioinformatics Services Market for Transcriptomics, By Region, 2016–2023 (USD Million)
Table 37 Global Market for Metabolomics, By Region, 2016–2023 (USD Million)
Table 38 Global Market for Other Applications, By Region, 2016–2023 (USD Million)
Table 39 Global Market, By End User, 2016–2023 (USD Million)
Table 40 Bioinformatics Services Market for Academic Institutes and Research Centers, By Region, 2016–2023 (USD Million)
Table 41 Global Market for Hospitals & Clinics, By Region, 2016–2023 (USD Million)
Table 42 Global Market for Pharmaceutical & Biotechnology Companies, By Region, 2016–2023 (USD Million)
Table 43 Global Market for Other End Users, By Region, 2016–2023 (USD Million)
Table 44 Bioinformatics Services Market, By Region, 2016–2023 (USD Million)
Table 45 North America: Bioinformatics Services Market, By Type, 2016–2023 (USD Million)
Table 46 North America: Market, By Specialty, 2016–2023 (USD Million)
Table 47 North America: Bioinformatics Services Market, By Application, 2016–2023 (USD Million)
Table 48 North America: Market, By End User, 2016–2023 (USD Million)
Table 49 Europe: Bioinformatics Services Market, By Type, 2016–2023 (USD Million)
Table 50 Europe: Market, By Specialty, 2016–2023 (USD Million)
Table 51 Europe: Bioinformatics Services Market, By Application, 2016–2023 (USD Million)
Table 52 Europe: Market, By End User, 2016–2023 (USD Million)
Table 53 Asia Pacific: Bioinformatics Services Market, By Type, 2016–2023 (USD Million)
Table 54 Asia Pacific: Market, By Specialty, 2016–2023 (USD Million)
Table 55 Asia Pacific: Bioinformatics Services Market, By Application, 2016–2023 (USD Million)
Table 56 Asia Pacific: Market, By End User, 2016–2023 (USD Million)
Table 57 RoW: Bioinformatics Services Market, By Type, 2016–2023 (USD Million)
Table 58 RoW: Market, By Specialty, 2016–2023 (USD Million)
Table 59 RoW: Bioinformatics Services Market, By Application, 2016–2023 (USD Million)
Table 60 RoW: Market, By End User, 2016–2023 (USD Million)
Table 61 Key Service Launches, 2015–2018
Table 62 Key Partnerships and Collaborations, 2015–2018
Table 63 Key Expansions, 2015–2018
Table 64 Key Acquisitions, 2015–2018

List of Figures (34 Figures)

Figure 1 Research Design
Figure 2 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Assumptions of the Research Study
Figure 7 Global Bioinformatics Services Market, By Type (2018 vs 2023)
Figure 8 Global Market, By Specialty (2018 vs 2023)
Figure 9 Global Bioinformatics Services Market, By Application (2018 vs 2023)
Figure 10 Global Market, By End User (2018 vs 2023)
Figure 11 Bioinformatics Services Market, By Region, 2018
Figure 12 Growing Applications of Bioinformatics is Driving Market Growth
Figure 13 Sequencing Services Segment Will Continue to Dominate the Bioinformatics Services Market By 2023
Figure 14 Genomics Segment Will Continue to Dominate the Market By 2023
Figure 15 Medical Biotechnology Segment Will Continue to Dominate the Bioinformatics Services Market By 2023
Figure 16 Academic Institutes and Research Centers Segment to Account for the Largest Share of the Global Market in 2018
Figure 17 Bioinformatics Services Market : Drivers, Restraints, Opportunities, and Challenges
Figure 18 Comparative Analysis of Human Whole-Genome Sequencing Cost and Amount of Data Produced Per Genome (2001-2017)
Figure 19 Data Analysis Segment to Register the Highest CAGR During the Forecast Period
Figure 20 Plant Biotechnology Specialty Segment to Register the Highest Growth Rate During the Forecast Period
Figure 21 Genomics Segment to Dominate the Market During the Forecast Period
Figure 22 Academic Institutes & Research Centers to Register the Highest Growth During the Forecast Period
Figure 23 Bioinformatics Services Market, By Region
Figure 24 North America: Bioinformatics Services Market Snapshot
Figure 25 Europe: Bioinformatics Services Market Snapshot
Figure 26 Asia Pacific: Bioinformatics Services Market Snapshot
Figure 27 Key Developments By Leading Market Players in the Bioinformatics Services Market, 2015–2018
Figure 28 Bioinformatics Services Market Ranking, By Key Player, 2017
Figure 29 Eurofins Scientific: Company Snapshot (2017)
Figure 30 Illumina: Company Snapshot (2017)
Figure 31 Neogenomics: Company Snapshot (2017)
Figure 32 Perkinelmer, Inc.: Company Snapshot (2017)
Figure 33 Qaigen N.V.: Company Snapshot (2016)
Figure 34 Thermo Fisher Scientific: Company Snapshot (2017)

The global bioinformatics services market is expected to reach USD 3.53 Billion by 2023 from USD 1.70 Billion in 2018, at a CAGR of 15.7% during the forecast period. Factors such as increasing public-private sector funding for bioinformatics services, the shortage of skilled bioinformatics professionals leading to increased outsourcing of bioinformatics projects, and growing applications of bioinformatics in various industries are expected to drive the growth of the global market.

The report analyzes the global market by type, specialty, application, end user, and region.

On the basis of type, the bioinformatics services market is divided into sequencing services, data analysis services, drug discovery services, differential gene expression analysis, database management services, and other services The sequencing services segment is further classified into whole genome sequencing and de novo assembly, exome analysis, transcriptome analysis, metagenomic analysis, ChIP-Seq analysis, and other sequencing analysis, whereas data analysis services segment is classified into data mining, genomic analysis, proteomic analysis, and variant annotation and discovery. The sequencing services segment is expected to account for the largest share of the bioinformatics services market in 2018, owing it to increasing funding from government as well as private bodies for next-generation sequencing based projects, technological advancements in next-generation sequencing coupled with decreasing sequencing costs, and the need of high-throughput analysis of a large amount of data generated during sequencing.

Based on end user, the bioinformatics services market is segmented into academic institutes and research centers, hospitals and clinics, pharmaceutical and biotechnology companies, and other end users. Among these, the academic institutes and research centers segment is expected to account for the largest share of the global market in 2018, owing it to the rising number of bioinformatics-based research studies, rising number of collaborations between academic research institutes and players in the bioinformatics market, and growing number of government funding programs for genomics research.

This report covers the bioinformatics services market data across four major geographies, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America accounted for the largest share of the global market in 2017, followed by Europe. The large share of the North American region is mainly attributed to the presence of leading bioinformatics service providers in the region, decreasing cost of sequencing, increasing number of genomic research activities in the region, high incidence of target diseases (such as cancer and genetic diseases), and favorable funding scenario for bioinformatics-based research. The Asia Pacific market is projected to grow at the highest CAGR during the forecast period. The increasing incidence of genetic diseases, rising number of bioinformatics-based research studies, and growing demand for bioinformatics services from various end users are the major factors driving the growth of the bioinformatics services market in the Asia Pacific.

The in-house development of bioinformatics solutions and publically available bioinformatics tools are expected to restrain the growth of the bioinformatics services market in the forecast period.

As of 2017, Illumina (US) dominated the global bioinformatics services market through its broad product portfolio, strong geographical presence, and wide customer base across the globe. To maintain its leadership position in the market, the company has been focusing on technological advancements in the field of bioinformatics. Thermo Fisher Scientific (US) held the second leadership position in the global market. Other prominent players in the global bioinformatics services market included Eurofins Scientific (Luxembourg), BGI (China), NeoGenomics (US), PerkinElmer (US), CD Genomics (US), Macrogen (South Korea), QIAGEN (Germany), GENEWIZ (US), Source BioScience (UK), Microsynth (Switzerland), MedGenome (India), Fios Genomics (UK), and BaseClear (Netherlands), among others.

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