The bioinformatics market was estimated at US$ 11.53 billion in 2023 and is projected to grow to US$ 47.48 billion by 2034, rising at a compound annual growth rate (CAGR) of 13.73% from 2024 to 2034.
Top Companies in the Bioinformatics Market
- Illumina, Inc.
- Thermo Fisher Scientific
- Agilent Technologies, Inc.
- Qiagen
- Verge Genomics
- Bio-Rad Laboratories, Inc.
- Biomax Informatics
- DNAnexus
- Geneva Bioinformatics
- Waters Corporation
- Perkin Elmer, Inc.
- Fios Genomics
- Eurofins Scientific
Latest Announcements by Industry Leaders
Li Qing, Senior Vice President and General Manager in Greater China, commented that genomics is a rapidly evolving field as DNA sequencing is playing a vital role when it comes to human health and the planet. He also stated that in the future, the role of genomics will be pushed forward from ‘sick care’ to ‘health care’ to improve human health more broadly.
- In January 2024, researchers from Genomic England developed a bioinformatics pipeline for integrating whole-genome sequencing (WGS) data from 13,880 tumors with matching patient clinical data. The study revealed somatic and germline DNA mutations that affect prognosis.
- In January 2024, researchers from the Würzburg Helmholtz Institute developed a machine learning approach using data integration and AI to predict the efficacy of CRISPR technologies more accurately than before.
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