Bioinformatics is a distinctive interdisciplinary field of academics, science and research that utilizes computers to better understand and collect information in bioengineering, biotechnology and biology. The most important activity of bioinformatics is to help in the development of different software tools that assist in the generation of useful biological information. Presently, bioinformatics software is being extensively used for predictive modeling and expression analysis of different genes and phenotypes produced. The natural phenotype of a cell, such as characteristic behavior or visual appearance, is the resultant of collections of gene expressions. Also, the capability to determine and quantify the resultant expression of these genes provides immense opportunities for the development of highly sophisticated sets of advanced phenotypes. Bioinformatics software tools will reduce the technical burden, hence will provide user friendly platform to perform predictive modeling for different phenotypes and accurate genetic expression analyses. These approaches in bioinformatics will further help in various research and development activities across different scientific and research fields as well as in pharmaceutical industry in drug discovery and conducting efficient and effective clinical trials.
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Major driving factors for the growth of this market include, increasing outsourcing of bioinformatics services, decreasing cost of gene sequencing, rising demand for gene expression and predictive modeling approaches and technological advancements in the field. Due to the increasing outsourcing of bioinformatics services, various new players are coming in this market along with their expertise and knowledge, which further help in the growth of this market. As the cost of gene sequencing is decreasing, this will encourage more players to enter the market of predictive modeling and gene expression analyses using bioinformatics software tools. Thus, it will help in the growth of the bioinformatics software market for predictive modeling and expression analysis. Also, the current rising demand for better and advanced gene expression analyses as well as predictive modeling from various industries, such as pharmaceutical industry will continue to contribute towards the growth of this market. Recent technological advancements have made various advanced bioinformatics software tools available for predictive modeling and expression analysis, which will help in the growth of this market in future.
Geographically, North America dominates the bioinformatics software for predictive modeling and expression analysis market followed by the European market. Major factors responsible for these regions’ dominance include, well-established infrastructure especially medical and technological along with the high demand for advanced technologies and software tools. These regions also dominate this market due to high awareness levels among healthcare professionals as well as software tool users. However, Asia-Pacific is the most lucrative market for various bioinformatics software for predictive modeling and expression analysis due to its rapid growth in the recent past. Some of the Asia-Pacific regions like China, Japan, India, Australia and South Korea have shown tremendous demand for advanced bioinformatics software tools to be utilized in drug discovery, gene expression and determination of phenotypic information.
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Some of the key players operating in the bioinformatics software for predictive modeling and expression analysis market are Accelrys, Inc., Agilent Technologies Inc., Affymetrix, Inc., Biobase GmbH, Cartagenia N.V., CLC bio A/S, DNASTAR, Inc., GenoLogics Life Sciences Software Inc., PerkinElmer, Inc., Illumina, Inc., Genomatix Software GmbH, Genedata AG, Molecular Networks GmbH and SmartGene Services SARL.
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