Latest News by Industry
DUBLIN--(BUSINESS WIRE)--Oct 27, 2022--
The "Bioinformatics: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Bioinformatics Market to Reach $29.9 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Bioinformatics estimated at US$12.5 Billion in the year 2020, is projected to reach a revised size of US$29.9 Billion by 2027, growing at a CAGR of 13.3% over the analysis period 2020-2027. Knowledge Management Tools, one of the segments analyzed in the report, is projected to record a 12.1% CAGR and reach US$12.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Bioinformatics Platforms segment is readjusted to a revised 14.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $3.4 Billion, While China is Forecast to Grow at 18.1% CAGR
The Bioinformatics market in the U.S. is estimated at US$3.4 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$6.7 Billion by the year 2027 trailing a CAGR of 17.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.8% and 11.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 10% CAGR.
Bioinformatics Services Segment to Record 13.8% CAGR
In the global Bioinformatics Services segment, USA, Canada, Japan, China and Europe will drive the 12.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2 Billion in the year 2020 will reach a projected size of US$4.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$4.5 Billion by the year 2027, while Latin America will expand at a 15.6% CAGR through the analysis period.
Select Competitors (Total 102 Featured) -
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
IV. COMPETITION
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/ix9r8v
View source version on businesswire.com:https://www.businesswire.com/news/home/20221027005646/en/
CONTACT: ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
KEYWORD:
INDUSTRY KEYWORD: HEALTH BIOMETRICS
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 10/27/2022 08:28 AM/DISC: 10/27/2022 08:28 AM
http://www.businesswire.com/news/home/20221027005646/en