Short Description:
North America bioinformatics market, By Type (Knowledge management tools (generalized knowledge management tools, specialized knowledge management tools), Bioinformatics software (informatics infrastructure and pipeline setup, sample and experiment management, sequencing data analysis (sequence analysis platform, sequence alignment platform, sequence manipulation platform, structural analysis platform)) Biological data interpretation, specialized bioinformatics application (single cell gene expression, gene expression, variant detection, CNV analysis, metagenomics, methylation, chip-seq, non-coding RNA expression and others), Services), Sector (medical biotechnology, academics, animal biotechnology, agricultural biotechnology, environmental biotechnology, forensic biotechnology and others), Application( Genomics & Drug Development (knowledge management tools, bioinformatics software, services, by type(preventive medicine, molecular medicine, personalized medicine, chemo-informatics and drug design, antibiotic resistance) Proteomics (knowledge management tools, bioinformatics software, services), Evolutionary studies (knowledge management tools, bioinformatics software, services), Agricultural studies(knowledge management tools, bioinformatics software, services), Veterinary Science (knowledge management tools, bioinformatics software, services), Metabolomics (knowledge management tools, bioinformatics software, services), Transcriptomics(knowledge management tools, bioinformatics software, services) and others (knowledge management tools, bioinformatics software, services), Purchase mode (group purchase and individual purchase), Genomics (Genomics (DNA and RNA), Proteomics) End User (Research and academic institute, Clinical research organization, biotech and pharmaceutical companies, research laboratories, hospitals and Others.) Country (U.S., Canada, Mexico) Industry Trends & Forecast to 2029.
Market Definition:
Bioinformatics, which is connected to genetics and genomics, uses computer technology to gather, store, analyze, and share biological data and information, such as DNA and amino acid sequences or annotations about those sequences. The three components of bioinformatics are building databases, creating statistics and algorithms, data analysis, and interpretation. Identification of genes and proteins, as well as their functions, evolutionary relationships, and conformation prediction, are the main goals.
For instance,
In 2021, Agilent unveiled Sure-Select Human All Exon V8, a novel exome design that offers thorough content and coverage of protein-coding areas from RefSeq, CCDS, and GENCODE. Additionally, it includes exons that are challenging to capture and the TERT promoter, which are neglected by competing exomes
In October 2020, SOPHiA GENETICS, raised USD 110 million, for financing into the next stage of its expansion, with a focus on supporting the growing clinical and biopharma demand for Data-Driven Medicine worldwide
The drivers responsible for the growth of the North America bioinformatics market are increased prevalence of use of bioinformatics equipment, decrease in the cost of genetic sequencing per base, technological advancements in the bioinformatics devices, and wide product portfolio offered by major players. However, the rise in the cost of devices, risks observed while using the devices, difficulty in using bioinformatics devices, and cybersecurity concerns in bioinformatics is expected to restrain the market growth.
On the other hand, strategic initiatives by key players, a rise in healthcare expenditure, and an increase in research and development activities may act as an opportunity for the growth of the global bioinformatics market. However, the need for skilled expertise and regulatory approval may create challenges for the global bioinformatics market.
Market Segmentation:
The North America bioinformatics market is categorized into six segments: type, sector, application, purchase mode, genomics, and end user.
On the basis of type, the North America bioinformatics market is segmented into Knowledge management tools (generalized knowledge management tools, specialized knowledge management tools), Bioinformatics software (informatics infrastructure and pipeline setup, sample and experiment management, sequencing data analysis (sequence analysis platform, sequence alignment platform, sequence manipulation platform, structural analysis platform) Biological data interpretation, specialized bioinformatics application (single-cell gene expression, gene expression, variant detection, CNV analysis, metagenomics, methylation, chip-seq, non-coding RNA expression, and others), Services)
On the basis of sector, the North America bioinformatics market is segmented into medical biotechnology, academics, animal biotechnology, agricultural biotechnology, environmental biotechnology, forensic biotechnology, and others.
On the basis of application, Genomics & Drug Development (knowledge management tools, bioinformatics software, services, by type(preventive medicine, molecular medicine, personalized medicine, chemo-informatics, and drug design, antibiotic resistance) Proteomics (knowledge management tools, bioinformatics software, services), Evolutionary studies (knowledge management tools, bioinformatics software, services), Agricultural studies(knowledge management tools, bioinformatics software, services), Veterinary Science (knowledge management tools, bioinformatics software, services), Metabolomics (knowledge management tools, bioinformatics software, services), Transcriptomics(knowledge management tools, bioinformatics software, services) and others (knowledge management tools, bioinformatics software, services).
On the basis of purchase mode, the North America bioinformatics market is segmented into group purchases and individual purchases.
On the basis of genomics, the North America bioinformatics market is segmented into Genomics (DNA and RNA) and Proteomics.
On the basis of end-user, the North America bioinformatics market is segmented into Research and academic institute, Clinical research organizations, biotech and pharmaceutical companies, research laboratories, hospitals, and others.
Market Players:
The key market players operating in the North America bioinformatics market are listed below:
Thermo Fisher Scientific
Illumina, Inc
Agilent Technologies, Inc
QIAGEN
SOPHiA GENETICS
BGI
Bayer AG
DNANEXUS, INC
PerkinElmer Inc.
Seven Bridges Genomics
Quest Diagnostics Incorporated
AstridBio Technologies Inc
BioBam
Strand Life Sciences
GenoFAB, Inc
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