Bioinformatics Services Market
The market for Bioinformatics Services was estimated at $3.0 billion in 2024; it is anticipated to increase to $7.3 billion by 2030, with projections indicating growth to around $15.4 billion by 2035.
Global Bioinformatics Services Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2025 - 2034
The Bioinformatics Services industry revenue is expected to be around $3.5 billion in 2025 and expected to showcase growth with 16.0% CAGR between 2025 and 2034. The flourishing bioinformatics services sector is an indication of its expanding importance in the worldwide realms of science and healthcare industry growth. This upsurge is predominantly fueled by the rising need for drug exploration and innovation customized medical solutions and medical analysis. Moreover the continuous progress in genomics and proteomics alongside the emergence of data usage in healthcare settings have emphasized the crucial involvement of bioinformatics, in handling, evaluating and making sense of this extensive data flow. The merging of intelligence and ML, in bioinformatics has also played a part in its growing importance in the past few years.
Bioinformatics services cover a spectrum of options that include analyzing sequences and structures in biology as well as exploring genomics and proteomics fields alongside metabolomics and transcriptomics studies together with phylogenetics analysis tools essential for understanding evolutionary relationships among species or individuals in a population. These services hold importance across different sectors like healthcare where they are instrumental in advancing areas such as personalized medicine or gene based therapies including supporting the development of new drugs or enhancing agricultural practices through biotechnological innovations. The rising popularity of sequencing technologies and efficient screening methods has led to an increased demand for bioinformatics services, in recent times.
Market Key Insights
- The Bioinformatics Services market is projected to grow from $3.0 billion in 2024 to $13.2 billion in 2034. This represents a CAGR of 16%, reflecting rising demand across Genomics Research, Clinical Diagnostics and Drug Discovery & Development.
- Illumina Inc., Thermo Fisher Scientific, Agilent Technologies are among the leading players in this market, shaping its competitive landscape.
- U.S. and UK are the top markets within the Bioinformatics Services market and are expected to observe the growth CAGR of 14.4% to 19.2% between 2024 and 2030.
- Emerging markets including India, Brazil and South Africa are expected to observe highest growth with CAGR ranging between 11.2% to 16.8%.
- Transition like Embracing Cloud Computing is expected to add $449 million to the Bioinformatics Services market growth by 2030.
- The Bioinformatics Services market is set to add $10.2 billion between 2024 and 2034, with manufacturer targeting Personalized Medicine & Agriculture Applications projected to gain a larger market share.
- With Rising demand for personalized medicine, and Advancements in drug discovery and development, Bioinformatics Services market to expand 341% between 2024 and 2034.