Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 14.02 Billion | USD 38.58 Billion | 11.9% | 2023 |
According to the report published by Zion Market Research, the global Immunoinformatics Market size was valued at USD 14.02 Billion in 2023 and is predicted to reach USD 38.58 Billion by the end of 2032. The market is expected to grow with a CAGR of 11.9% during the forecast period. The report analyzes the global Immunoinformatics Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Immunoinformatics industry.
A huge amount of data is being accumulated by various clinical records and scientific literature. This accumulated data is like a huge source of information related to immunology for the researchers which needs to be monitored and managed. This has created the need for the field of immunoinformatics which is also known as computational immunology. It is an interface between experimental immunology and computer science that represents the resources for understanding the immunological information and the computational methods that are required for its utilization.
The global immunoinformatics market anticipates registering lucrative growth opportunities to the market growth due to the increased applications with the incorporation of experimental and computational methods in managing the huge amount of data related to the genome sequencing of the organisms and humans. The advancements in the R&D activities will trigger the growth of the immunoinformatics market. The developments in the field of genomics and proteomics will also positively contribute to the growth of the global market.
By using computational methods to find the effect of the drug administration and the increased outcomes of the molecular biology techniques have enabled the market to grow at a rapid pace in the recent years. The bioinformaticians and the immunologists all over the world are investing their time and efforts in order to make significant improvements in the field of immunoinformatics, which has positively contributed to the market growth. Other factors that are driving the immunoinformatics market are developments in the technology, growing cases of infectious diseases, increasing concerns about the primary determinants of the immunity system, and increased spending on the introduction of the new vaccines.
The global immunoinformatics market can be segmented on the basis of its application and the database types.
On the basis of the applications, the global market is segregated into cancer diagnosis & therapy, reverse vaccinology, and immune system modeling.
Based on the type of database, the immunoinformatics market is categorized into allergy prediction databases, analysis resource database, international immunogenetics system, the ontology of immune epitopes, and immune epitope database.
Report Attributes | Report Details |
---|---|
Report Name | Immunoinformatics Market |
Market Size in 2023 | USD 14.02 Billion |
Market Forecast in 2032 | USD 38.58 Billion |
Growth Rate | CAGR of 11.9% |
Number of Pages | 202 |
Key Companies Covered | Novozymes Biopharma, International Society of Vaccines, EpiVax Inc., ioGenetics LLC, and IMGT, among others |
Segments Covered | By application, By the database types and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The key regions that are involved in the immunoinformatics market are North America, Latin America, Europe, and the Middle East and Africa. It is anticipated that North America will hold the largest market share of the immunoinformatics market. The major factors that are driving the growth of the market in this region are the presence of the advanced infrastructure, increased investments in the R&D activities, growing incidences of chronic diseases, and the increasing demand for the cost-effective vaccines that are efficient in curbing the diseases. Increased sponsorships by the U.S. National Institutes of Health have encouraged the research activities for developing new vaccines thus promoting the growth of the market.
The immunoinformatics market is expected to grow at a rapid rate in the Asia Pacific mainly owing to the improving infrastructure and research facilities. Other factors that are driving the growth of the market are favorable government initiatives and the growing cases of diseases such as cancer, diabetes, and HIV.
Some of the most important market players in the immunoinformatics market include
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