The essential types of services provided by the vendors and players functional within the global bioinformatics services market include data analysis, gene expression, sequencing, database management, and discovery, among others. These solutions in the global bioinformatics services market are used across various specialty sectors in the healthcare and life sciences sectors such as plant, medical, and forensics, among others. Some of the leading applications for the solutions and services provided by the vendors in the global bioinformatics services market include metabolomics as well as genomics. Key end users for the services and solutions offered by the players in the global bioinformatics services market include pharma companies, academia, and biotechnology companies, among others.
The research authors have collected exhaustive amount of research data pertaining to the global bioinformatics services market through various sources such as newspapers, official websites, industry leaders, relevant CXOs, magazines, research papers, scientific journals, among others. They have provided readers with estimations and projections regarding the future performance of the global bioinformatics services market in 2021 to 2031 i.e. the forecast period. The research report methodically explains the present scenario of the global bioinformatics services market by providing market definition, scope, and a list of potential drivers as well as restraints. It throws light on crucial industry components that can stimulate high growth in the global bioinformatics services market over the forecast period. It also provides detailed account regarding the core demand dynamics and relevant consumer attitudes and behavior patterns in the global bioinformatics services market.
The increasing applications of bioinformatics services across various end use industries such as bioremediation, forensics, consumer products, food and beverages, and agriculture, the rising funding for bioinformatics services from private as well as public sources, and the increasing need to outsource the bioinformatics projects, owing to the dearth of skilled bioinformatics professionals are some of the most important driving factors propelling the growth within the global bioinformatics services market. On the other hand, the availability of publicly accessibly bioinformatics tools as well as the focused efforts on the in-house bioinformatics solutions development may hinder the growth in the global bioinformatics services market in coming years. However, rising efforts on vaccine development as well as the necessary clinical research owing to the advent of novel coronavirus pandemic positively influenced the demand dynamics in the global bioinformatics services market in recent past.
Few of the most important and dominant service providers and players working within the global bioinformatics services market include Thermo Fisher Scientific, BGI Group, PerkinElmer, Psomagen, Inc., Genewiz, Microsynth, Fios Genomics, BaseClear, Illumina, Eurofins Scientific, NeoGenomics, CD Genomics, Qiagen, Source BioScience, and MedGenome, among others. Players and vendors in the global bioinformatics services market are adopting numerous corporate development strategies, such as strategic partnerships as well as acquisitions in order to assume the dominant positioning in the industry in coming years.
For example, Leiden University and BaseClear partnered up in November of 2020 in order to develop novel technologies for the field of metagenomics. Additionally, a strategic partnership was formed between Fios Genomics and the Charles River laboratories in January of 2020 in order to provide Charles River Labs with expertise of Fios in the field of statistics, biology, and bioinformatics.
Geographically, the Asia Pacific region is likely to lead the global bioinformatics services market in coming years. This leading industry positioning of the Asia Pacific region in the global bioinformatics services market can be attributed to the rising instances of various genetic disorders in the region, the increasing number of research studies pertaining to the field of bioinformatics in the region, and the rising demand for bioinformatics services from various end users operational within the regional market in Asia Pacific.