Market Research Report

Asia Pacific Bioinformatics Market Research Report: Forecast (2021-2026)

By Type of Sector (Animal Biotechnology, Environmental Biotechnology (Alternative Energy Sources, Waste Clean-up/ Bioremediation), Agriculture Biotechnology (Crop Yield Improvement..., Pest Resistance, Improvement of Plant Resistance, Biodiversity Informatics, Nutritional Quality Improvement), Forensic Biotechnology, Medical Biotechnology (Drug Development, Clinical Diagnostics, Molecular Medicine, Gene Therapy, Reproductive Biotechnology), Academics, Others), By Application (Proteomics, Transcriptomics, Molecular Phylogenetics, Chemoinformatics, Drug Design & Genomics), By Products & Services (Bioinformatics Platforms (Sequence Analysis, Sequence Alignment, Sequence Manipulation, Structural and Functional Analysis), Knowledge Management Tools (Generalized Knowledge Management Tools, Specialized Knowledge Management Tools), Bioinformatics Services (Data Analysis Services, Database Management Services), By Country (China, Japan, South Korea, Australia, India, South East Asia), By Company (Thermo Fisher Scientific Inc., Agilent Technologies, Inc., Affymetrix, Applied Biological Materials Inc., Illumina, Inc., QIAGEN, Biomax Biotechnics, DNANEXUS, Water corporation, Genebio, Integromics, Inc., PerkinElmer Inc., Partek, BGI, Dassault systems etc.) Read more

  • Healthcare
  • Feb 2021
  • 167
  • PDF, Excel, PPT

Market Definition

Bioinformatics is biology, computer science, statistics, & mathematics associated with the acquisition, storage, analysis, & dissemination of biological data, i.e., mainly DNA & amino acid sequences. It utilizes computer programs to identify gene & protein functions, establish evolutionary relationships, predict the three-dimensional shapes of proteins, etc. Bioinformatics has acquired remarkable prominence across Asia-Pacific owing to voluminous amounts of data generated through protein & nucleic acid sequencing, which requires meticulous interpretation & management for medical purposes & research. 

Market Insights

The Asia-Pacific Bioinformatics Market is projected to grow at around 17% CAGR during the forecast period, i.e., 2021-26. The growth of the market is driven primarily by the mounting requirements for integrated bioinformatics in proteomic, genomic, & clinical diagnostics, coupled with the surging demand for advanced computational tools in biological research. Furthermore, the extensive presence of organizations providing outsourcing services is also augmenting the growth of the bioinformatics market in Asia-Pacific.

Report Coverage Details
Study Period Historical Data: 2016-19
Base Year: 2020
Forecast Period: 2021-26
CAGR 17%
Countries Covered China, Japan, South Korea, Australia, India, Taiwan, South East Asia
Key Companies Profiled Thermo Fisher Scientific Inc., Agilent Technologies, Inc., Affymetrix, Applied Biological Materials Inc., Illumina, Inc., QIAGEN, Biomax Biotechnics, DNANEXUS, Water corporation, Genebio, Integromics, Inc., PerkinElmer Inc., Partek, BGI, Dassault systems, etc.
Unit Denominations USD Million/Billion

 

Moreover, the business-friendly regulatory policies across many countries in Asia-Pacific, owing to less stringent norms & data requirements, are other crucial aspects projected to fuel the bioinformatics market across the region over the forecast years. Many government & private sector organizations across Asia-Pacific are substantially investing in the bioinformatics sector, which has led to numerous data & technological advancements in bioinformatics services and enhanced their grade.

Some other notable aspects projecting significant growth opportunities for the Bioinformatics Market in Asia-Pacific include the soaring growth of proteomics & genomics, rigorous ongoing research on molecular biology & drug discovery, and the growing need for nucleic acid & protein sequencing. However, the lack of a skilled workforce to operate computational tools and the high costs of bioinformatics software & solutions can be notable challenges for the Asia=Pacific Bioinformatics Market over the projected years.

Impact of Covid-19 on the Asia-Pacific Bioinformatics Market

The advent of Covid-19 in 2020 proved to be highly time-testing for many industries across the Asia-Pacific. However, the bioinformatics market witnessed a positive impact of the crisis. The industry was already experiencing rapid growth opportunities before the pandemic owing to efficient bioinformatics tools, which can handle large volumes of biological data.

Since curbing the virus spread was one of the most prominent focus areas for every country, it became critical to decode the genome of the novel coronavirus & develop vaccines for which various studies were conducted through bioinformatics. In this regard, there was a significant surge in the outsourcing of bioinformatics services amidst the crisis. With enhanced bioinformatics abilities of service providers, scientists discovered numerous insights into the coronavirus, including its identification, origin, functioning, & spread, all in a short period. Hence, these aspects were proved highly beneficial for the bioinformatics market to expand during the pandemic.


Asia Pacific Bioinformatics Market Research Report: Forecast (2021-2026)

Market Segmentation

Based on the Product & Services:

  • Platforms
  • Knowledge Management Tools
  • Services

Amongst them all, Sequencing Platforms are projected to dominate the Asia-Pacific Bioinformatics Market through 2026. It owes to the burgeoning need for a comprehensive analysis of a large amount of data generated through sequencing due to reducing sequencing costs & technological advancements on account of massive expenditure by governments & private sectors of different countries across Asia-Pacific on next-generation sequencing-based projects. As a result, there's a rapidly surging demand for whole-genome & exome sequencing technologies, which, in turn, is promoting the market growth for sequencing platforms.

With the declining prices of sequencing services, sequencing platforms are the preferred choice among various end-users like academic & research centers, forensic laboratories, and pharmaceutical & biotechnology industries for examining a large amount of data generated through sequencing.

In addition to this, rapid technological advancements in sequencing procedures and an increasing number of genome mapping programs are other crucial aspects projecting a significant demand for sequencing platforms across Asia-Pacific and fueling the overall market growth in the coming years.

Based on the Application:

  • Genomics
  • Metabolomics
  • Chemoinformatics & Drug Design
  • Transcriptomics
  • Proteomics
  • Others (Molecular Medicine, Preventive Medicine, etc.)

Here, the genomics application is projected to dominate the market over the forecast years. It attributes primarily to various technological advancements associated with managing a voluminous amount of genomic data, coupled with the mounting demand for pharmacogenomics in sequence screening & drug development. Moreover, rising opportunities & potential significance of genomics in clinical research are also propelling the demand for genomics application and augmenting the growth of the bioinformatics market across Asia-Pacific.

Country Landscape

Geographically, the Asia-Pacific Bioinformatics Market expands across:

  • India
  • China
  • Japan
  • Australia
  • Taiwan
  • South Korea
  • Southeast Asia

Of all countries, India has a significant contribution to the Asia-Pacific Bioinformatics Market as bioinformatics is one of the fastest-growing domains in the country's biotechnology industry. A majority of this growth attributes to various collaborations between organizations involved in IT & biotechnology, the surging need for bioinformatics in drug discovery & development, coupled with the mounting government support through incentives, tax benefits, and massive R&D investments in gene sequencing for the early diagnosis of cancer mutation.

Key Questions Answered in the Market Research Report:

  1. What are the overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares) of the Asia-Pacific Bioinformatics Market?
  2. What are the country-wise industry size, growth drivers, and challenges?
  3. What are the key innovations, opportunities, current & future trends, and regulations in the Asia-Pacific Bioinformatics Market?
  4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in the Asia-Pacific Bioinformatics Market based on the competitive benchmarking matrix?
  5. What are the key results derived from surveys conducted during the Asia-Pacific Bioinformatics Market study?

Frequently Asked Questions

   A. The Asia-Pacific Bioinformatics Market is projected to witness around 17% CAGR during the forecast period, i.e., 2021-26.

   A. The increasing number of government-aided genome projects and the reducing cost of sequencing are the key factors projected to drive the Asia-Pacific Bioinformatics Market during 2021-26.

   A. Genomics is anticipated to emerge as an area of remunerative opportunities for the leading players in the Asia-Pacific Bioinformatics Market during 2021-26.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
    4. Market Segmentation
  2. Preface
  3. Executive Summary
  4. Impact of COVID-19 on Asia-Pacific Bioinformatics Market
  5. Asia-Pacific Bioinformatics Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Product & Services
        1. Platforms
          1. Sequence Analysis Platforms
          2. Sequence Alignment Platforms
          3. Structural & Functional Analysis Platforms
          4. Sequence Manipulation Platforms
          5. Other
        2. Knowledge Management Tools
          1. Generalized Knowledge Management Tools
          2. Specialized Knowledge Management Tools
        3. Services
          1. Data Analysis Services
          2. Database Management Services
          3. Other
      2. By Application
        1. Genomics
        2. Metabolomics
        3. Chemoinformatics & Drug Design
        4. Transcriptomics
        5. Proteomics
        6. Other (Molecular Medicine, Preventive Medicine, etc.)
      3. By Type of Sector
        1. Animal Biotechnology
        2. Environmental Biotechnology
          1. Waste Clean-up/ Bioremediation
          2. Alternative Energy Sources
        3. Agriculture Biotechnology
          1. Nutritional Quality Improvement
          2. Biodiversity Informatics
          3. Improvement of Plant Resistance
          4. Pest Resistance
          5. Crop Yield Improvement
        4. Forensic Biotechnology
        5. Medical Biotechnology
          1. Reproductive Biotechnology
          2. Gene Therapy
          3. Molecular Medicine
          4. Clinical Diagnostics
          5. Drug Development
        6. Academics
        7. Others
      4. By Country
        1. China
        2. India
        3. Japan
        4. Australia
        5. South Korea
        6. Taiwan
        7. Southeast Asia
        8. Others
      5. By Competitors
        1. Competition Characteristics
        2. Market Share & Analysis
        3. Competitive Metrix
  6. China Bioinformatics Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Product & Services
      2. By Application
      3. By Type of Sector
  7. India Bioinformatics Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Product & Services
      2. By Application
      3. By Type of Sector
  8. Japan Bioinformatics Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Product & Services
      2. By Application
      3. By Type of Sector
    Australia Bioinformatics Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Product & Services
      2. By Application
      3. By Type of Sector
    South Korea Bioinformatics Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Product & Services
      2. By Application
      3. By Type of Sector
  9. Taiwan Bioinformatics Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Product & Services
      2. By Application
      3. By Type of Sector
  10. Southeast Asia Bioinformatics Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Product & Services
      2. By Application
      3. By Type of Sector
  11. Asia-Pacific Bioinformatics Market Trends & Insights
  12. Asia-Pacific Bioinformatics Market Dynamics
    1. Drivers
    2. Challenges
    3. Impact Analysis
  13. Asia-Pacific Bioinformatics Market Hotspots & Opportunities
  14. Asia-Pacific Bioinformatics Market Regulations & Policy
  15. Key Strategic Imperatives for Success and Growth
  16. Competition Outlook
    1. Competition Matrix
      1. Target Product/ Services
      2. Target Markets
      3. Target End Users
      4. Research & Development
      5. Strategic Alliances
      6. Strategic Initiatives
    2. Company Profile
      1. Thermo Fisher Scientific
      2. Eurofins Scientific
      3. Illumina
      4. Perkinelmer, Inc.
      5. Qiagen Bioinformatics
      6. Agilent Technologies
      7. Dnastar
      8. Waters Corporation
      9. Sophia Genetics
      10. Partek
      11. Biomax Informatics AG
      12. Wuxi Nextcode
      13. Beijing Genomics Institute (BGI)
  17.  Disclaimer


Asia Pacific Bioinformatics Market Segmentation