MarketResearch.biz delivers in-depth insights on the global bioinformatics market in its upcoming report titled, “Global Bioinformatics Market Trends, Applications, Analysis, Growth, and Forecast to 2027”. The global bioinformatics market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the global bioinformatics market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the global bioinformatics market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global bioinformatics market report has been segmented on the basis of services, application, sector, and region.
Bioinformatics is use of information technology in biotechnology for data storage, data warehousing, and analyzing DNA sequence. Bioinformatics is an interdisciplinary field that develops and improves upon methods for storing, retrieving, organizing, and analyzing biological data.
The major factor driving growth of the global bioinformatics market is growing application of bioinformatics in drug discovery and development, forensics analysis, antibiotics resistance, etc. In addition, increasing data owing to development of new personalized medicines and clinical diagnostics, and rising need of integrated systems in study of proteomics and genomics are other factors expected to fuel growth of the global bioinformatics market.
However, lack of professional workforce in bioinformatics is a major factor hampering growth of the global bioinformatics market. Additionally, lack of appropriate infrastructure in developing economies and high cost are other challenges expected to hamper growth of the global bioinformatics market.
North America market dominates the global bioinformatics market and accounts for largest market share in terms of revenue as compared to that of markets in other regions. This is attributed to well-developed application segment such as microbial genome, gene therapy, waste cleanup, and climate change studies, etc. The market in Europe accounts for second largest revenue share contribution to the global bioinformatics market followed by the markets in Asia Pacific, Latin America and Middle East & Africa respectively. The market in Asia Pacific is projected to witness fastest growth in terms of revenue, owing to rising assistance of bioinformatics in clinical diagnostic and development new medicines, and rising government initiatives towards development of integrated bioinformatics systems in emerging economies in the region.
Global Bioinformatics Market Segmentation:
Global bioinformatics markets segmentation, by services:
- Knowledge Management Tools
- Bioinformatics Platforms
- Bioinformatics Services
Global Bioinformatics market segmentation, by applications:
Global bioinformatics market segmentation, by sectors:
- Medical Bioinformatics
- Animal Bioinformatics
- Agriculture Bioinformatics
Global bioinformatics market segmentation, by region
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Illumina, Inc.
- Thermo Fisher Scientific Inc.
- QIAGEN N.V.
- Agilent Technologies, Inc.
- Affymetrix Inc.
- 3rd Millennium, Inc.
- Biomax Informatics AG
- DNAnexus, Inc.
- Waters Corporation
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