Enjoy complimentary customisation on priority with our Enterprise License!
The bioinformatics market size is forecast to increase by USD 13.2 billion at a CAGR of 16.59% between 2023 and 2028. The market is experiencing significant growth due to the reduction in the cost of genetic sequencing and the development of sophisticated bioinformatics tools for next-generation sequencing (NGS). These advancements are enabling the identification and analysis of disease biomarkers, leading to the discovery of new therapeutic strategies. The market is also driven by the increasing demand for database development and management systems to store and analyze the vast amounts of data generated from NGS. Furthermore, the potential of gene therapy and drug development in treating various diseases is fueling the market growth. However, the shortage of trained laboratory professionals poses a challenge to the market, as the analysis of complex genomic data requires specialized expertise.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
Get the report (PDF) sent to your email within minutes.