Bioinformatics Market

Thermo Fisher Scientific, Inc. (US),Eurofins Scientific (Luxembourg) and Illumina, Inc. (US) are the Key Players in the Bioinformatics Market

The global bioinformatics market is projected to reach USD 21.8 billion by 2026 from USD 10.7 billion in 2021, at a CAGR of 15.2% during the forecast period. Bioinformatics is the application of computer technology for the management and analysis of biological data. It includes storage, analysis, and dissemination of biological data. Bioinformatics uses computer programs for a variety of applications, including determining gene & protein functions, establishing evolutionary relationships, and predicting the three-dimensional shapes of proteins. However, high costs of bioinformatics software and services and a dearth of skilled professionals are likely to challenge market growth in the coming years.

Some of the prominent players operating in the bioinformatics market are Thermo Fisher Scientific, Inc. (US), Eurofins Scientific (Luxembourg), QIAGEN N.V. (Netherlands), Agilent Technologies, Inc. (US), and Illumina, Inc. (US), Waters Corporation (US), DNASTAR (US), NeoGenomics Laboratories (US), Perkin Elmer, Inc. (US), GENEWIZ (US) and BGI Group (China) Waters Corporation (US), DNASTAR (US), NeoGenomics Laboratories (US), Perkin Elmer, Inc. (US), GENEWIZ (US) and BGI Group (China), Fios Genomics (UK), Partek Incorporated (US), SOPHiA Genetics (Switzerland), Source BioScience (UK), and Biomax Informatics AG (Germany) among others.

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TOP BIOINFORMATICS  MARKET PLAYER

Thermo Fisher Scientific, Inc. is the leading player in the bioinformatics market. The company primarily develops technologically advanced bioinformatics solutions to enhance its service offerings. It also focuses on strategic acquisitions to strengthen its market presence. The company’s strong market position can largely be attributed to the fact that its leading platforms work on one of the best technologies—ion semiconductor technology. With its strong product portfolio, continuous research and development activities, and wide geographic reach, Thermo Fisher Scientific, Inc. is expected to grow significantly in the global bioinformatics market.

Eurofins Scientific is a leading provider of clinical diagnostic testing, agro-science, genomics, discovery pharmacology, and central laboratory services in the bioinformatics segment. The company has a strong geographical presence in North America, Europe, the Asia Pacific, and Latin America. The company is leading in the global bioinformatics market due to its wide geographic presence and a broad range of bioinformatics solutions. To maintain its competitive position in the market, the company focuses on product launches and acquisitions as its key growth strategies.

Illumina, Inc. is among the major players in the bioinformatics market. Illumina has a robust product and service portfolio for bioinformatics, a well-established distribution network, and a wide geographic presence across the globe. With its strong product offerings, the company is expected to witness high growth in this market.

Related Reports:

Bioinformatics Market by Product & Service (Knowledge Management Tools, Data Analysis Platforms, Structural Analysis, Functional Analysis, Services), Applications (Genomics, Proteomics), & Sector (Medical, Animal, Agricultural) – Global Forecast to 2026

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Report Code
HIT 7543
RI Published ON
9/16/2021
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