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Bioinformatics Market Size, Competitive Strategies, Application Analysis, Regional, and Forecasts 2020 To 2030

Bioinformatics market is estimated to be over US$ 6.5 Billion in 2018. It is anticipated to grow at a CAGR of 14.0% from 2019 to 2030.

The continual growth of the bioinformatics market can be attributed to several factors such as increasing number of research studies in the field of genomics and proteomics, growing number of research funding and technological advancement among others. Moreover, growing demand for personalized medicines across the globe is anticipated to further contribute to the substantial growth of the global bioinformatics market between 2018 and 2030. To obtain better insights regarding the market scenario prominent players are increasingly focusing on collaborative initiatives with several institutes and research centers. The Institute of Molecular Biology & Biotechnology (IMBB), based in Greece, has entered into an agreement with The Bioinformatics and Computational Science (BioCoS) company (limited partnership), for development of innovative solutions in the field of biotechnology.

Major Key Players of the Bioinformatics Market are:

Thermo Fisher Scientific, Illumina Inc, Agilent Technologies, QIAGEN , BGI, Wuxi NextCODE , Eurofins Scientific , Waters Corporation , Sophia Genetics, Partek and DNASTAR

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Over the years, the completion of Human Genome Project has led to the generation of hug e amount of data. The management of such colossal amount of data has been made extremely simple and efficient by the application of bioinformatics tools effectively. Genomics and proteomics have been vital in contributing to the areas of process development of recombinant protein production, identification of disease-vulnerable population, genome-wide expression profiling tools and drug designing. Adoption of Bioinformatics as a tool to manage, process, and analyze, have led to the emergence of bioinformatics as an extremely effective platform to conduct diverse research studies studies across varying domains of life sciences, proteomics, genomics, molecular biology, genetics and biochemistry among others. Hence, convenience of using these platforms to perform advanced research studies, is anticipated to contribute effectively to the substantial growth of the bioinformatics market globally.

The Bioinformatics Market is segmented on the basis of Product & Service, Bioinformatics Platforms, Bioinformatics Services, Application and region.

Major Product & Service of Bioinformatics Market covered are:

  • Knowledge Management Tools
  • Specialized Knowledge Management Tools
  • Generalized Knowledge Management Tools
  • Bioinformatics Platforms
  • Structural & functional Analysis Platforms
  • Data Analysis Platforms
  • Other Platforms
  • Bioinformatics Services
  • Database Management Services
  • Data Analysis services
  • Other Bioinformatics services

Major Applications of Bioinformatics Market covered are:

  • Chemoinformatics & Drug Design
  • Genomics
  • Proteomics
  • Metabolomics and Transcriptomics

The advent of several sequencing technologies have led to an exponential increment in the growing demand for bioinformatics globally. The large amount of genomic data which is generated, requires efficient, accurate and quick analysis. The application of bioinformatics in managing the same, to simplify the entire procedure, with minimum complications and time investment has been pivotal in contributing the increasing adoption of bioinformatics.

Research objectives:-

  • To study and analyze the global Bioinformatics consumption (value & volume) by key regions/countries, product type and application, history data.
  • To understand the structure of the Bioinformatics market by identifying its various sub-segments.
  • Focuses on the key global Bioinformatics manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
  • To analyze the Bioinformatics with respect to individual growth trends, future prospects, and their contribution to the total market.
  • To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

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