Bioinformatics Market - Growth Strategy Adopted by Key Vendors

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.

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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.

Global Drug Screening Market Scope:

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.

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.

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.

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Recent Developments

·         In March 2021, Agilent Technology, Inc. launched SureSelect for human exome analysis.

·         In January 2021, BGI and the Ministry of Health of Brunei expanded their partnership to carry out extensive cooperation in public health emergency response and public health testing screening and diagnostic services, including reproductive health, personalized drug guidance, early cancer screening, and detection of unknown pathogens by using BGI’s cutting-edge sequencing technology.

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