The global bioinformatics market is projected to grow from $4,110.6 million in 2014 to $12,542.4 million by 2020, with a CAGR of 20.4%. The market is driven by increasing applications in drug discovery, personalized medicine, and the growth of R&D activities, particularly in Asia. Major challenges include a lack of skilled professionals and interoperability issues, while North America remains the largest market segment, with Asia poised for the fastest growth.